Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P/TSX 60 index > News item |
Morgan Stanley plans trigger performance notes linked to S&P/TSX 60
By Susanna Moon
Chicago, Oct. 6 – Morgan Stanley plans to price 0% trigger performance securities due Oct. 31, 2019 linked to the S&P/TSX 60 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 151% to 161% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the underwriter with UBS Financial Services Inc. as agent.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 61764C309.
© 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.