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Published on 7/6/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $995,000 commodity-linked notes on basket of eight

Chicago, July 5 – Morgan Stanley Finance LLC priced $995,000 of 0% commodity-linked notes due July 18, 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, RBOB gasoline, natural gas, corn, soybeans, copper and gold.

The payout at maturity will be par plus the basket return if positive. Otherwise, investors will receive 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, RBOB gasoline, natural gas, corn, soybeans, copper and gold; equal weights
Amount:$995,000
Maturity:July 18, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus basket return if positive; otherwise, par
Initial prices:$97.59 for WTI, $101.16 for Brent, $3.2132 for RBOB, $7.016 for natural gas, $6.0425 for corn, $14.66 for soybeans, $7,000 for copper, $1,706.15 for gold
Pricing date:July 15, 2022
Settlement date:July 20, 2022
Agent:Morgan Stanley & Co. LLC
Fees:3%
Cusip:61773QWM7

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