| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Morgan Stanley plans buffered range accrual notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 30 - Morgan Stanley plans to price buffered range accrual securities due Jan. 28, 2016 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly. The interest rate will be 9% per year multiplied by the proportion of days on which the index closes at or above the index reference level, which will be 80% of the initial index level.
If the final index level is greater than or equal to the index reference level, the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines beyond 20%.
The notes (Cusip: 617482E91) will price Jan. 25 and settle Jan. 30.
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.