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Morgan Stanley – XS2629897989 – BQPDKW7

July 21, 2023

Most of these types of structured products are issued as either a type of note or certificate (like this one – Auto callable Notes), which is treated as a type of security.

If we accept the factsheet confirms that the issuer of these Auto callable Notes (‘securities’ for ISA purposes) is Morgan Stanley B.V then to qualify for ISA inclusion, either the security or the shares in the issuing company need to be listed on a recognised stock exchange or admitted to trading on a recognised stock exchange in the European Economic Area (EEA) or the UK (see ISA Guidance https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers#compsecur ).

I can’t see any information on the factsheet regarding the Auto callable Notes being listed/traded, but the shares in the issuing company (Morgan Stanley BV) do meet the listing requirement so any Morgan Stanley security should be ISA qualifying.