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Market Vectors - Chinese Renminbi/USD ETNs due 3/31/2020
Ticker Symbol: CNY* CUSIP: 61747W257 Exchange: NYSEA
* NOTE: This security is no longer trading as of 3/31/2020
Company's Online Profile
BUSINESS: Market Vectors - Chinese Renminbi/USD Exchange Traded Note (ETN) due March 31, 2020, are senior, unsecured debt securities issued by Morgan Stanley and are part of the Series F, Global Medium-Term Notes program. INVESTMENT OBJECTIVE: The Market Vectors - Chinese Renminbi/USD ETN seeks to track the performance of the S&P Chinese Renminbi Total Return Index, less investor fees. INDEX DESCRIPTION: The S&P Chinese Renminbi Total Return Index is designed to offer investors exposure to the value of the Chinese RMB relative to the U.S. dollar. Because the Chinese government restricts spot transactions in the Chinese RMB, U.S. investors cannot easily invest in the Chinese RMB directly. The Index is intended to be an investable alternative to the spot exchange rate between the Chinese RMB and the U.S. dollar. As a total return index, the value of the Index on any day also includes daily accrued interest on the hypothetical notional amount of the currency forward contracts underlying the Index. RETURNS AND MATURITY: The return on the Securities may be positive or negative and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If you hold your ETNs to maturity, March, 31, 2020, you will receive a cash payment at maturity equal to the principal amount of your ETNs times the index factor minus the aggregate investor fee, each as determined on the final valuation date. REDEMPTION AND FEES: If you elect to have Morgan Stanley repurchase your ETNs prior to maturity, you will receive a cash payment equal to the principal amount of your ETNs times the index factor minus the aggregate investor fee, each as determined on the applicable valuation date. Issued in denominations of $40.00, you must redeem at least 50,000 Securities at one time and agree to the repurchase procedures in order to exercise your right to redeem your Securities on any repurchase date. The investor fee is equal to 0.55% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: The issuer of this ETN has suspended the issuance of new notes. ETNs that are closed to the issuance of new notes pose additional investment risks such as the potential for the market price to deviate from the fund's Net Asset Value, as well as increased volatility. Paying a premium over an ETN's Net Asset Value could lead to significant losses.
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IPO - 3/14/2008 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $82.5 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 666 Third Avenue, New York, NY 10017 |
| Main Phone Number |
212-293-2000 |
| Fax Number |
Not Available |
| Investor Contact
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800-826-2333
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| Toll Free Phone Number |
800-826-2333 |
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