Morgan Stanley to sell optimal entry return enhanced notes linked to S&P 500 via JPMorgan

By Susanna Moon

Chicago, Sept. 9 - Morgan Stanley plans to price 0% optimal entry return enhanced notes due Dec. 31, 2009 linked to the S&P 500 index via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

If the ending index level is greater than the lowest closing level during the lookback observation period, payout at maturity will be par plus triple the return, up to a maximum return of at least 13.95%. The exact cap will be set at pricing.

If the ending level is lower than the lookback level, investors will lose 1% for each 1% decline.

The lookback observation period will run from the pricing date through Dec. 17.

The notes are expected to price on Sept. 12 and settle on Sept. 19.

© 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.