Morgan Stanley to price notes linked to gold with 6% minimum return

By Angela McDaniels

Tacoma, Wash., July 31 - Morgan Stanley plans to price 0% commodity-linked notes due Aug. 31, 2018 linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the percentage change in the price of gold, subject to a minimum payment of $1,060 and a maximum payment of $1,600 per $1,000 principal amount of notes.

The notes will price Aug. 28 and settle Aug. 31.

Morgan Stanley & Co. LLC is the agent.

The Cusip number is 617482P24.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.