Published on 11/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.4 million commodity-linked notes on basket
By William Gullotti
Buffalo, N.Y., Nov. 28 – Morgan Stanley Finance LLC priced $4.4 million of 0% commodity-linked notes due Oct. 2, 2025 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 with a floor 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 notes
|
| Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper, zinc; equal weights
|
| Amount: | $4,395,000
|
| Maturity: | Oct. 2, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return with floor of par
|
| Initial prices: | $78.50 for WTI, $86.27 for Brent, $6.651 for natural gas, $6.675 for corn, $14.08 for soybeans, $8.715 for wheat, $7,475 for copper, $2,938 for zinc
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61774FAC6
|
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