Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energy Select Sector SPDR fund > News item |
Morgan Stanley plans two-year autocallables tied to Energy Select SPDR
By Susanna Moon
Chicago, Sept. 9 – Morgan Stanley plans to price 0% autocallable securities with fixed-percentage buffered downside due Oct. 5, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 7.75% to 8.75% a year if the fund closes at or above its initial level on Oct. 5, 2017 or April 5, 2018.
The payout at maturity will be par unless the fund falls by more than 10%, in which investors will be exposed to any losses beyond 10%.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 61761J3N7.
© 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.