Morgan Stanley plans 2.05% five-year market-linked CDs on MAP Trend

By Susanna Moon

Chicago, Jan. 24 – Morgan Stanley Bank, NA plans to price 2.05% market-linked certificates of deposit due Feb. 5, 2024 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filed with the Securities and Exchange Commission.

Interest will be payable annually for the first four years, with the exact rate to be set at pricing.

If the index gains, the payout at maturity will be par plus any index gain with a minimum supplemental amount of at least $20.50 per $1,000 CD.

If the index falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 61765QNH8.

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