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Morgan Stanley plans capped notes with 5x leverage linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 15 – Morgan Stanley plans to price 0% capped leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The term of the notes is expected to be 24 to 27 months.
If the index return is positive, the payout at maturity will be par plus five times the index return, subject to a maximum settlement amount of $1,227.50 to $1,267.50 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in March.
The Cusip number is 61761J2P3.
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