In what is one of the smallest issuance days in the US market this year, the sole two products come from Morgan Stanley. The products cover opposite ends of the spectrum, both tracking equities from the Americas, but one from the north and one based on South America's largest economy, covering a developed and a developing market.
The accelerated growth product is a one-year product based on the S&P 500. It offers 300% participation, to a cap of 8–13%. There is no principal protection at maturity