| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Stoxx Europe 600 index > News item |
Morgan Stanley plans market plus notes linked to Stoxx Europe 600
By Marisa Wong
Morgantown, W.Va., March 23 – Morgan Stanley plans to price 0% market plus notes due Sept. 26, 2018 linked to the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index finishes below the initial level by more than the 28.1% knock-out buffer amount.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%.
If the index finishes below the 71.9% knock-out level, 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 March 24.
The Cusip number is 61761J3Z0.
© 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.