There are news that Pinnacle Notes series 9 and 10 had a forced liquidation event. This is due to defaults in the underlying securities some of which are Lehman Brothers, Freddie Mac, Fannie Mae and Kaupthing banki. Investors will likely be getting back nothing.
Series 1, 2, 6 and 7 are also in danger as they will experience forced liquidation if any more defaults take place.
Other credit-linked series that might be affected could be series 3 and 5.
Series 8, 15 and 16 are safe for now as they are not linked to credit default events.
Pinnacle investors can call the Morgan Stanley hotline from 9am-12pm at 68346510/68346512 to find out more information.
If you know anything, please post the information here.