| 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 dual directional buffered participation notes on S&P
By Sarah Lizee
Olympia, Wash., May 13 – Morgan Stanley Finance LLC plans to price 0% dual directional buffered participation securities due June 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index finishes above the initial level, the payout at maturity will be par plus the gain of the index, capped at par plus 23% to 28%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for each 1% loss of the index beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
The notes will price on May 31.
The Cusip number is 61768D8F5.
© 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.