| 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 to price capped leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 29 – 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 23 to 26 months.
If the index return is positive, the payout at maturity will be par plus three times the index return, subject to a maximum settlement amount of $1,225 to $1,264 per $1,000 principal amount of notes. If the index return is negative, investors will be fully exposed to the decline.
The exact terms will be set at pricing.
Morgan Stanley & Co. LLC is the agent.
The notes will price in March and settle in April.
The Cusip number is 61761J2T5.
© 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.