| 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 eyes trigger PLUS notes tied to S&P due February 2021
By Lisa Mayntz
Chicago, Feb. 15 – Morgan Stanley Finance LLC plans to price trigger Performance Leveraged Upside Securities due February 2021 linked to the S&P 500 index, according to a FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 175% of the gain, subject to a maximum return of 48%.
If the index finishes at or less than its initial level but above the 75% trigger level, the payout will be par.
If the index finishes less than or equal to its 75% trigger level, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price in February and settle three business days after pricing.
The Cusip number is 61768CFK8.
© 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.