The capital protection note offers 250% participation in the upside performance of the index.

Morgan Stanley has issued a five-year callable note linked to the Stoxx Europe 600 Insurance EUR Price Return Index in France. The securities, issued via Morgan Stanley & Co International, offer 250% uncapped participation in the potential rise of the index at maturity. If the index is below its starting level at maturity, investors receive 100% of their original capital back. Morgan Stanley & Co International has the option to redeem the note early on any quarterly call date, beginnin