Published on 3/27/2007 in the Prospect News Structured Products Daily.
Correction: New Issue: Morgan Stanley prices $33.367 million notes linked to commodities basket, indexes
The Prospect News Structured Products Daily incorrectly reported the size of Morgan Stanley's offering of zero-coupon capital-protected notes due Dec. 30, 2010 linked to a basket of commodities and two indexes. The correct size is $33.367 million.
The basket includes equal weights of the Goldman Sachs Commodity Agricultural index - Excess Return, Goldman Sachs Commodity index - Gold Excess Return, grade A copper, primary nickel, special high-grade zinc and West Texas Intermediate light sweet crude oil.
The payout at maturity will be par plus any basket gain multiplied by the 128% participation rate. Investors will receive at least par.
Morgan Stanley & Co. Inc. is the agent.
Issuer: | Morgan Stanley
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Issue: | Capital-protected commodity-linked notes
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Underlying assets: | Goldman Sachs Commodity Agricultural index - Excess Return, Goldman Sachs Commodity index - Gold Excess Return, grade A copper, primary nickel, special high-grade zinc and West Texas Intermediate light sweet crude oil, equally weighted
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Amount: | $33.367 million
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Maturity: | Dec. 30, 2010
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 128% of any basket gain; floor of par
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Initial prices: | Goldman Sachs Commodity Agricultural index - Excess Return at 64.20646, Goldman Sachs Commodity index - Gold Excess Return at 62.21731, grade A copper at $6,852, primary nickel at $45,610, special high-grade zinc at $3,211 and West Texas Intermediate light sweet crude oil at $62.28
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Pricing date: | March 23
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Settlement date: | March 30
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Agent: | Morgan Stanley & Co. Inc.
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Fees: | 2.5%
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