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Morgan Stanley plans market plus notes linked to Euro Stoxx Banks
By Marisa Wong
Madison, Wis., April 1 – Morgan Stanley plans to price 0% market plus notes due Oct. 13, 2016 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index closes below the initial level by more than the 13.4% knock-out buffer amount on any day during the life of the notes.
If a knock-out event never occurs, the payout at maturity will be par plus the greater of the contingent minimum return of 0% and any index gain.
If a knock-out event occurs, the payout will be par plus the index return, with full exposure to any losses.
Morgan Stanley & Co. LLC is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
The notes will price on April 2 and settle on April 8.
The Cusip number is 61761JYE3.
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