| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Morgan Stanley > News item |
Morgan Stanley to price 0% buffered return enhanced notes linked to S&P 500 via JPMorgan
By E. Janene Geiss
Philadelphia, March 19 - Morgan Stanley plans to price 0% buffered return enhanced notes due July 28, 2008 linked to the S&P 500 index via J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price March 23 and settle March 30.
The payout at maturity will be double any positive return on the index up to a maximum return, which is expected to be at least 14.14% and will be determined at pricing. If the index declines by 10% or less, payout will be par. Investors will lose 1.1111% for every 1% the index declines beyond 10%.
The final index level will be the average of the index closing levels on July 17, July 18, July 21, July 22 and July 23, 2008.
© 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.