Morgan Stanley will price return enhanced notes on PHLX Semiconductor

By Devika Patel

Knoxville, Tenn., July 20 – Morgan Stanley Finance LLC plans to price 0% return enhanced notes due Aug. 8, 2018 linked to the PHLX Semiconductor Sector index, according to an FWP with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return of 19.56%. Investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 61761J4D8) will price July 21 and settle July 26.

© 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.