| 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 five-year trigger performance notes on S&P 500
By Susanna Moon
Chicago, Nov. 2 – Morgan Stanley plans to price 0% trigger performance securities due Nov. 30, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 136% to 146% of any index gain.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the underwriter. UBS Financial Services Inc. is agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 61765R883.
© 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.