Morgan Stanley offers deferred kickout on the FTSE 100

Morgan Stanley has launched a FTSE 100-linked six-year kickout plan in the UK that does not pay out automatically at the trigger point, giving investors the option of waiting until maturity

Morgan Stanley has issued a six-year kickout product linked to the FTSE 100 that offers potential returns of 9% per annum (not compounded) if the index is equal to or above 90% of its strike level on any of the annual observation dates from the second year onwards. Capital is not protected if the final level of the index is less than 50% of the strike level.

If the FTSE 100 is equal to or above 90% of strike on any of the observation dates (two through to six), kickout will occur and investors