Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Morgan Stanley plans contingent income buffered notes on two indexes
By Susanna Moon
Chicago, June 3 - Morgan Stanley plans to price contingent income buffered securities due June 28, 2028 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8% if each underlying index closes at or above its 75% coupon barrier on the observation date for that month.
If each index finishes at or above the downside threshold level, 50% of the initial index level, the payout at maturity will be par plus the contingent monthly coupon.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Morgan Stanley & Co. LLC will be the agent.
The notes will price on June 25 and settle on June 28.
The Cusip number is 61761JHF9.
© 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.