Published on 8/29/2012 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.71 million commodity-linked notes tied to gold
By Toni Weeks
San Diego, Aug. 29 - Morgan Stanley priced $2.71 million of 0% commodity-linked notes due Aug. 31, 2018 tied to the performance of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the percentage increase in the gold price, subject to a minimum return of 6% and a maximum return of 72%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Commodity-linked notes
|
| Underlying commodity: | Gold
|
| Amount: | $2,714,000
|
| Maturity: | Aug. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any gain in gold price; minimum payment of $1,060 and maximum payment of $1,720 per $1,000 principal amount
|
| Initial price: | $1,668.00
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 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.
