E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/30/2011 in the Prospect News Structured Products Daily.

Morgan Stanley plans equity-linked notes with cap, floor on S&P 500

By Susanna Moon

Chicago, June 30 - Morgan Stanley plans to price 0% equity-linked notes due July 28, 2017 tied to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of $1,600 to $1,700 per $1,000 principal amount. The exact cap will be set at pricing.

If the index falls, the payout will be $1,060 per $1,000 principal amount.

Morgan Stanley & Co. Inc. is the agent.

The notes will price on July 25 and settle on July 28.

The Cusip is 617482WK6.


© 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.