The Morgan Stanley UK Giants Selector Plan 3 now offers more protection should the FTSE 100 fall, and the potential coupon on the Morgan Stanley Defensive Kick Out Plan 12 has been improved.
Investors in the UK Giants Plan, which took a basket of the 20 largest stocks by market cap as of 2 July will now make losses only if the FTSE is 55% below its initial level a maturity, whereas it was previously 50%. Investors will lose 1% of their initial investment for every 1% the index is down.
The fixed return on the Defensive Kick Out Plan, meanwhile, is 9% instead of 8.25%. Capital in both products is at risk, and both are open for investment until 6 September.
Nev Godley, vice president at Morgan Stanley, said: “We had a short window of opportunity in which we were able to improve our offering due to a brief rise in market volatility. We took advantage of this and locked in improved terms for investors on popular plans.”
Find out more about the UK Giants range here.
