Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares MSCI Emerging Markets exchange-traded fund > News item |
Morgan Stanley plans notes linked to ETF basket with averaging feature
By Angela McDaniels
Tacoma, Wash., May 2 - Morgan Stanley plans to price 0% market-linked notes due November 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the iShares MSCI EAFE ETF, the iShares MSCI Emerging Markets ETF and the WisdomTree Japan Hedged Equity Fund.
The payout at maturity will be par of $10 plus the basket return, subject to a minimum payout of par.
The final basket level will be the average of the basket's closing values on 22 quarterly determination dates over the term of the notes.
Morgan Stanley & Co. LLC is the agent.
The notes will price in May and settle in June.
The Cusip number is 61761S125.
© 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.