Autocalling China
Morgan Stanley has produced a two-year autocallable linked to the iShares FTSE/Xinhua China 25 Index Fund with a 10% buffer. Increases above the target level are not passed onto the investor
Product description
The iShares FTSE/Xinhua China 25 Index Fund is an exchange-traded fund (ETF) that tracks the performance of the FTSE/Xinhua China 25 Index, which comprises the 25 largest and most liquid Chinese companies traded on the Hong Kong Stock exchange. The fund is more liquid than the index and therefore it would be cheaper and easier for the issuer to structure a product around the ETF than the index.
Only a small chance of an autocall exists beyond the first or second
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