Morgan Stanley plans trigger PLUS tied to basket of five commodities

By Jennifer Chiou

New York, Oct. 9 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due April 2015 linked to a basket of equally weighted commodities, according to an FWP with the Securities and Exchange Commission.

The basket components are West Texas Intermediate light sweet crude oil, copper, platinum, milk futures contracts and live cattle futures contracts.

The payout at maturity will be par plus 180% of any basket gain.

Investors will receive par if the basket falls by up to 10% and will be fully exposed to any losses if the basket finishes below the 90% trigger level.

The notes (Cusip: 61762GCF9) will price and settle in October.

Morgan Stanley & Co. LLC is the underwriter.

© 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.