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Key Dates |
| Download Brochure & Applications |
Closing Date: 11 June 2012 |
| Order literature by post |
ISA Transfer closing date: 01 June 2012 |
Summary
• Potential for attractive return in a broad range of market scenarios: You will receive a fixed growth return of 60% as long as the FTSE™ 100 Index has risen, remains unchanged or has fallen by 20% or less over the 6 year investment term. • Positive returns or cushioned losses in a falling market: If the FTSE™ 100 Index falls by more than 20% over the term, this does not necessarily mean you face a loss at maturity. The unique ‘Booster’ feature allows you to receive a positive return if the FTSE™ 100 Index falls by up to 50%, and even cushions your losses if it falls beyond that. Nevertheless, this plan is not capital protected and you should be prepared to lose some or all of your initial investment. • Your capital is used to purchase securities issued by Morgan Stanley B.V., a member of the Morgan Stanley group of companies: Morgan Stanley is the Guarantor of the securities. This means that Morgan Stanley will make all payments due under the securities if Morgan Stanley B.V. is not able to make such payments. Investors are therefore exposed to the credit risk of Morgan Stanley. If Morgan Stanley is unable to make payments due to you under the securities, you may lose some or all of your investment. As as 16th April January 2012, Morgan Stanley has a credit rating of A- from Standard & Poors. For an explanation of what these ratings mean see the 'Credit Risk' section on page 6 of the plan brochure. Considerations for Investing If the following statements apply then an investment in the plan may be appropriate: • I am looking for returns that are dependent on the performance of the FTSE 100 Index. • I wish to protect my investment against adverse movements in the FTSE 100 Index down to a given level. However I am prepared to risk losing some or all of my investment should the FTSE 100 Index fall by 50% or more. • I understand that the Plan is invested in securities issued by Morgan Stanley B.V. and that plan returns and the repayment of my investment depend on Morgan Stanley, as Guarantor of the securities, not going into liquidation and I am comfortable with this risk. • I am willing to invest for the full six- year term in order to achieve the returns described in the brochure. • I wish to invest in a tax efficient plan that is eligible under UK ISA rules. Alternatively, I want to invest in a plan that is taxed as capital gains rather than income, to use my annual Capital Gains Tax exemption. If the following statements apply then an investment in this plan may not be appropriate: • I am not prepared to put my capital at risk. • I expect UK equity markets to rise very strongly over the next six years and therefore do not want to limit my potential returns. • I expect UK equity markets to fall by more than 50% over the next six years • I may need access to my capital before the end of the investment term and do not want to take the risk that the amount I receive from selling my investment in the plan is less than my initial investment. • I am looking for a regular income on my investment. • I do not want to take the risk that I earn no return on my investment. • I am not willing to accept the risk of Morgan Stanley going into liquidation and therefore not being able to pay the advertised returns and the repayment of my investment at maturity.  |
