Morgan Stanley capital-at-risk digital linked to the FTSE 100

A six-year digital at-risk growth product from Morgan Stanley promises a 60% return if all goes to plan. Capital is at risk if the FTSE 100 falls below 50% of its initial value

Morgan Stanley has launched a six-year growth product linked to the FTSE 100 Index that offers a return of 60% if the final index level is equal to or higher than 90% of its initial level. Capital is not protected at maturity if the final level is 50% or more below the initial level.

This type of product can be attractive to investors because of its simple structure. If the index is at least at 90% of its initial level, the fixed return is earned, whereas if the index finishes below 90%, capital