Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Morgan Stanley > News item |
Morgan Stanley plans 0% absolute return barrier notes linked to iShares MSCI Emerging Markets
By Laura Lutz
Des Moines, Aug. 27 - Morgan Stanley plans to price an issue of 0% protected absolute return barrier notes due March 20, 2009 linked to shares of the iShares MSCI Emerging Markets Index Fund, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price and settle in September.
If the fund's share price remains within a specified range during the life of the notes, the payout at maturity will be par of $10.00 plus the absolute value of the share price return. Otherwise, the payout will be par.
The lower limit of the range will be between 73% and 77% of the initial share price of the fund. The upper limit will be between 123% and 127% of the initial price. The exact limits will be set at pricing.
Morgan Stanley said it will apply to list the securities on the American Stock Exchange under the symbol "EOY."
Morgan Stanley & Co. Inc. is the agent.
© 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.