Morgan Stanley Brings Savings Bond With A Right Of Termination To The Market
The Morgan Stanley Bank AG launches in Germany, a structured savings bond, the “fixed-rate savings bond K “. The suffix “K” stands for callable, meaning the bank has the right to terminate at certain pre-established, annual events. According to the bank investors receive for granting the right to terminate a higher return than comparable savings bonds without a termination right. Currently there are 3.1 percent for the first fix Year of the term with the chance of a further 3.1 per cent pa also for subsequent years if not exercised the termination right. The interest payable annually in arrears will be credited to the account of customers of his bank.
“The fixed-rate savings bond K offers investors an attractive return in the current market activity. With the 100 percent safety of savings bonds, this is the exact right product for the same yield-oriented and safety-conscious investors, “says Roland Lang, Executive Director of Morgan Stanley. “The termination component gives us flexibility and the investor a better coupon, “said Lang weiter.Das product may to 5th June 2009, 13:00 clock to be drawn (subject to early closure of the Issuer).
Author (s): all4finance