Morgan Stanley plans market-linked CDs on S&P 500 Daily Risk Control

By Susanna Moon

Chicago, Jan. 23 – Morgan Stanley Finance LLC plans to price 0% market-linked certificates of deposit due Feb. 1, 2024 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 114% of any index gain.

If the index falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 28.

The Cusip number is 61765QNM7.

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