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Morgan Stanley to price CDs linked to Dow Industrials for Harris
By Angela McDaniels
Tacoma, Wash., April 1 - Morgan Stanley & Co. Inc. plans to price principal-protected certificates of deposit due April 30, 2014 linked to the Dow Jones Industrial Average for Harris, NA, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index interest amount plus a fixed payment of 5%.
The index interest amount will equal the product of the quarterly index returns for the 20 quarters beginning July 2009 and ending January 2014 minus 5%. The index return in each quarter will be capped at 4% to 8%, with the exact cap to be fixed at pricing.
The CDs will price April 23.
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