The first issue was launched in 2003, introducing a defensive strategy in the immediate aftermath of what it describes as “the steepest market falls in history” and a third consecutive year of losses in the FTSE 100 index.
Nev Godley, a vice president at Morgan Stanley commented: “The FTSE 100 Index has moved by over 10,000 points since we launched the first Protected Growth Plan in 2003, peaking at well over 6,000 and falling below 4,000 points twice.
“In that time, thirteen Protected Growth Plans have kicked out returning an average of 27% growth over three years. A further three products have run to maturity, with two returning initial capital in full during periods of negative index performance, and the third returning over 15%.”
The 50th issue of the Morgan Stanley Protected Growth Plan series offers investors 28% capital growth if the FTSE 100 rises by 5% or more on the third anniversary of the Plan. The plan opened for investment on 1 August and closes on 12 September.
Should the plan continue to complete a six year term it will return any growth in the index or their initial capital in full. The securities are issued and secured by Morgan Stanley.
