| 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 dual directional trigger PLUS tied to Russell 2000
By Susanna Moon
Chicago, May 16 - Morgan Stanley plans to price 0% dual directional trigger Performance Leveraged Upside Securities due December 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial index level, the payout at maturity will be par or $10 plus 150% of the gain, up to a maximum leveraged upside payment of 26%.
If the finishes below the initial level but at or above the 85% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
The notes will price in May and settle in June.
The Cusip number is 61761S224.
© 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.