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Morgan Stanley to price seven-year notes linked inversely to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 9 - Morgan Stanley plans to price 0% equity-linked notes due Sept. 14, 2018 linked inversely to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is less than the initial index level, the payout at maturity will be par plus 108% of the absolute value of the index return. If the final index level is greater than the initial index level, the payout will be par.
The notes (Cusip: 617482YD0) will price and settle in September.
Morgan Stanley & Co. LLC is the agent.
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