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 1/27/2011 in the Prospect News Structured Products Daily.

Morgan Stanley plans buffered jump securities on Dow Industrials

By Jennifer Chiou

New York, Jan. 27 - Morgan Stanley plans to price 0% buffered jump securities due Feb. 26, 2015 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the index return and an upside payment of 34% to 36% that will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% decline beyond 15%.

The notes (Cusip: 617482QV9) will price on Feb. 22 and settle eon Feb. 25.

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.