Morgan Stanley Bank to price 1% market-linked CDs on MAP Trend

By Sarah Lizee

Olympia, Wash., April 22 – Morgan Stanley Bank, NA plans to price market-linked certificates of deposit due April 29, 2024 linked to the Morgan Stanley MAP Trend index, according to a term sheet.

The CDs will pay an annual coupon of at least 1% for the first four years.

The payout at maturity will be par plus the index return, subject to a floor of par plus 1%. The exact minimum supplemental amount will be set at pricing but will be at least 1%.

Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.

The CDs will price on April 24.

The Cusip number is 61765QVT3.

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