Retrospective: Morgan Stanley leverages the downside
This Morgan Stanley product was aimed at bearish investors seeking to profit from declines in the Russell 2000 Index. Principal was at risk if the index performed above a certain level
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The six-month Bear Market PLUS Based Inversely on the Value of the Russell 2000 Index was issued by Morgan Stanley with a strike date of May 27, 2011 and a maturity of December 2, 2011. The product offered potential returns of two times the decline in the index, subject to a maximum return of 110% (including the principal amount). Principal would be at risk if the index finished above its initial index level by more than 10% on the final measurement date
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