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Morgan Stanley Bank to price market-linked CDs on basket of indexes
By Marisa Wong
Morgantown, W.Va., Feb. 21 – Morgan Stanley Bank, NA plans to price 0% market-linked certificates of deposit due Feb. 28, 2025 linked to an equally weighted basket of the S&P 500 index, Euro Stoxx 50 index and Hang Seng index, according to a term sheet.
The payout at maturity will be par plus at least 100% of the basket return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.
The CDs will price Feb. 25.
The Cusip number is 61765QQJ1.
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