Morgan Stanley to price buffered jump securities tied to S&P 500

By Jennifer Chiou

New York, March 1 - Morgan Stanley plans to price 0% buffered jump securities due Sept. 30, 2016 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the final index value is greater than the initial index value, the payout at maturity will be par plus the greater of the index return and an upside payment of 45%.

Investors will receive par if the index declines by up to 20% and will be exposed to losses beyond 20%.

The notes (Cusip: 617482G65) are expected to price on March 27 and settle on March 30.

Morgan Stanley & Co. LLC will be the agent.

© 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.