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Morgan Stanley Bank to price market-linked capped CDs tied to S&P 500
By Sarah Lizee
Olympia, Wash., April 22 – Morgan Stanley Bank, NA plans to price 0% market-linked capped certificates of deposit due April 29, 2026 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus any index gain, up to a maximum supplemental amount of $550 to $600 for each $1,000 deposit amount.
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 April 24.
The Cusip number is 61765QUD9.
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