Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Financial Select Sector SPDR fund > News item |
Morgan Stanley eyes capped buffer gears due 2021 on Financial Select
By Sarah Lizee
Olympia, Wash., June 11 – Morgan Stanley Finance LLC plans to price 0% capped buffer gears due June 30, 2021 linked to the Financial Select Sector SPDR fund, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 17.3% to 19.3%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
The notes are guaranteed by Morgan Stanley.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
The notes will price on June 25.
The Cusip is 61768Y851.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.