Morgan Stanley Bank to price market-linked CDs due 2024 on MAP Trend

By Marisa Wong

Morgantown, W.Va., March 22 – Morgan Stanley Bank, NA plans to price 0% market-linked certificates of deposit due March 28, 2024 linked to the Morgan Stanley MAP Trend index, according to a term sheet.

The payout at maturity will be 105% of par plus any index gain, subject to a minimum payout of 105% of par.

Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.

The CDs will price March 25.

The Cusip number is 61765QRL5.

© 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.