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Morgan Stanley to sell market-linked dual directional CDs on MAP Trend
By Sarah Lizee
Olympia, Wash., April 22 – Morgan Stanley Bank, NA plans to price 0% market-linked dual directional certificates of deposit due April 29, 2026 linked to the Morgan Stanley MAP Trend index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus at least 150% of the index gain. The exact upside participation rate will be set at pricing.
If the index return is zero or positive, the payout will be par plus the absolute value of the index return.
Morgan Stanley & Co. LLC is the agent. Advisors Asset Management is distributor.
The CDs will price April 24.
The Cusip number is 61765QVP1.
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