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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
The plan offers the opportunity for investment growth linked to the performance of the FTSE 100 index. In certain circumstances, the plan will terminate after three years and you will receive an attractive fixed return • “Kick Out” feature: If, after three years, the FTSE 100 Index has risen by 10% or more, your plan will terminate and you will receive a fixed return of 35% plus the repayment of your initial investment. Or attractive growth potential at maturity: If the Kick Out feature is not triggered, you receive 100% of any growth in the FTSE 100 Index over the six year investment term, with no upper limit. • Protection from a falling market: The plan is designed to repay at least 100% of your initial investment at maturity. This means that if the FTSE 100 Index is unchanged or falls over the investment term, you will not receive any investment growth but your initial investment is protected. • 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 at 16th April 2012, Morgan Stanley has a credit rating of A- from Standard & Poor's. 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 wish to benefit from growth in the UK stock market, specifically the FTSE 100 Index. • I wish to protect my initial investment if the UK stock market falls. • I understand that the Plan is invested in securities issued by Morgan Stanley B.V. and that repayment of my investment and any returns when the plan matures 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 my capital for the full six year term in order to achieve the returns described in the brochure. (Although in some circumstances a fixed return will be paid after three years) • 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 Capital Gains Tax annual exemption. If the following statements apply then an investment in this plan may not be appropriate: • 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 repay my initial investment and any returns at maturity.  |
