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Morgan Stanley plans market-linked CDs on S&P 500 Daily Risk Control
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Morgan Stanley Bank, NA plans to price 0% market-linked certificates of deposit due Feb. 29, 2024 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a term sheet.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.
The CDs will price on Feb. 25.
The Cusip number is 61765QQE2.
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