Morgan Stanley launches four more linked to property and Asia ex Japan

Morgan Stanley has launched another four capital protected plans linked to UK commercial property, Asia ex Japan and the FTSE 100 index. The 5.6-year UK Commercial Property Growth Plan 2 offers 100% participation in any increase of the IPD UK Annual Capital Growth Index between its final closing level and 65% of its initial level. Investors will receive a positive return as long as the index has not fallen by 35% or more and the plan returns capital in full at maturity.

The Asia (ex-Japan) Protected Growth Plan 5 provides a payout linked to an equally weighted basket of the Hong Kong Hang Seng index and the MSCI Taiwan index. The six-year plan offers an early exit feature, so if the basket has appreciated by 30% or more after three years, investors can exit and receive a fixed return of 130%. If investors choose to continue with the plan, they cannot participate in any basket growth above 130%. If the plan continues until maturity, investors have 230%