US wrap: Morgan Stanley offers protected exposure to Dow Jones Industrial Average
Two principal-protected products feature in the latest structured product offerings to the US market. One of them comes from Morgan Stanley and is based on the Dow Jones Industrial Average, which, despite being a well-known US benchmark index, is rarely used as an underlying for structured products.
The Morgan Stanley product has a maturity of six years and nine months, which is relatively long for the US market. If the index is above its strike level at maturity then the product delivers a
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