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Morgan Stanley plans to issue 0% notes linked to euro/dollar exchange rate
By Jennifer Chiou
New York, Nov. 1 - Morgan Stanley plans to price an issue of 0% capital-protected notes due Nov. 16, 2007 linked to euro/dollar exchange rate, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be determined according to the performance of the euro against the dollar until Nov. 6, 2007, the valuation date.
Investors will receive par plus any positive return on the index multiplied by a 130% participation rate. Investors will receive at least par.
Morgan Stanley & Co. Inc. will be the underwriter.
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