Morgan Stanley has issued a six-year product linked solely to the performance of the FTSE 100 index. The product pays a potential income of up to 1.6875% each quarter, depending on the number of times that the value of the index (observed weekly) closes between 5,000 and 8,000 points.
The income payment received will be reduced depending on how many weeks the FTSE 100 index closes outside of the range. For example, if the closing levels of the index are outside the range on eight observation dat
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