Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 Daily Risk Control 10% Index Excess Return > News item |
Morgan Stanley to price notes linked to S&P 500 Daily Risk Control 10%
By Angela McDaniels
Tacoma, Wash., May 1 - Morgan Stanley plans to price 0% market-linked notes due May 2017 linked to the S&P 500 Daily Risk Control 10% Index Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus the index return, subject to a minimum return of 6% to 8%. The exact minimum return will be set at pricing.
The index is intended to provide investors with exposure to the S&P 500 Total Return index while attempting to provide greater stability and lower overall risk of large fluctuations as compared to the S&P 500 Total Return through the use of a volatility target.
The notes (Cusip: 61755S172) will price in May and settle in June.
Morgan Stanley & Co. LLC is the agent.
© 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.