Morgan Stanley to price partial principal at risk notes linked to gold

By Angela McDaniels

Tacoma, Wash., Aug. 14 - Morgan Stanley plans to price 0% commodity-linked partial principal at risk securities due Aug. 30, 2016 linked to the performance of gold, according to an FWP filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the percentage increase in the price, subject to a maximum return that is expected to be 48% to 53% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the final price declines below the initial price, subject to a maximum loss of 10%.

Morgan Stanley & Co. LLC is the agent.

The notes will price Aug. 29 and settle Sept. 4.

The Cusip number is 617482P32.

© 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.