Morgan Stanley offers a cautious kickout in the UK

Defensive autocall on FTSE 100 and Euro Stoxx 50 includes European barrier

Morgan Stanley headquarters

Morgan Stanley has issued the Dual Index Defensive Kick Out Plan, which is linked to the FTSE 100 and Euro Stoxx 50 indexes and comes with a maximum term of six years. The product can kick out early depending on how well the indexes perform, but capital is not repayable until maturity. This is a capital-at-risk product, so investors could be out of pocket if the indexes fall more than the specified amount by the end of the product term.

Annual observation dates provide the opportunity for an

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