New Issue: Morgan Stanley sells $1.35 million commodity-linked partial principal at risk securities

By William Gullotti

Buffalo, N.Y., June 8 – Morgan Stanley Finance LLC priced $1.35 million of 0% commodity-linked partial principal at risk securities due Dec. 7, 2023 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper and zinc.

The payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 25% and a minimum payout at 96.2% of par.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Commodity-linked partial principal at risk securities
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper, zinc; equal weights
Amount:	$1.35 million
Maturity:	Dec. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return; capped at par plus 25%, floor at 96.2% of par
Initial prices:	$118.87 for WTI, $119.72 for Brent, $8.523 for natural gas, $7.27 for corn, $16.9775 for soybeans, $10.40 for wheat, $9,712.00 for copper, $3,913.00 for zinc
Pricing date:	June 3
Settlement date:	June 8
Agent:	Morgan Stanley & Co. LLC
Fees:	1.25%
Cusip:	61773QVU0

© 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.