Morgan Stanley Bank plans market-linked CDs on basket of three indexes

By Marisa Wong

Morgantown, W.Va., Sept. 21 – Morgan Stanley Bank, NA plans to price 0% market-linked certificates of deposit due Sept. 28, 2023 linked to an equally weighted basket of the S&P 500 index, Euro Stoxx 50 index and Hang Seng index, according to a term sheet.

The payout at maturity will be par plus the basket return, subject to a minimum payout of par plus the minimum supplemental amount, which will be at least 8%.

The basket return will be the (a) the difference of the average basket closing value minus the initial basket value divided by (b) the initial basket value. The average basket closing value will be the average of the basket closing values on each of the 20 quarterly averaging dates making up the life of the notes.

Morgan Stanley & Co. LLC is the agent. Incapital LLC is distributor.

The CDs will price Sept. 25.

The Cusip number is 61765QJG5.

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