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Morgan Stanley IQ – FTSE Defensive Bonus Plan 3

Morgan Stanley IQ – FTSE Defensive Bonus Plan 3

Type: Capital-protected bond

Aim: Growth linked to the performance of the FTSE 100 index

Minimum-maximum investment: £3,000-no maximum, Isa £11.280

Term: Six years

Return: 23% growth plus capital at the end of year two provided the index does not fall by more than 10%, 34.5% growth plus capital at the end of year three, 46% growth plus capital at the end of year four, 57.5% growth plus capital at the end of year five or 69% plus capital at the end of year six

Protection: Original capital returned in full at the end of the term provided the index does not fall by 50% or more by the final day of the term

Closing date: July 26, 2012, July 19, 2012 for Isa transfers

Commission: Initial 3%

Tel: 020 7425 9000

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