Published on 5/20/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.49 million commodity-linked notes on basket
By William Gullotti
Buffalo, N.Y., May 20 – Morgan Stanley Finance LLC priced $4.49 million of 0% commodity-linked notes due Nov. 18, 2024 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 140% of 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: | $4,492,000
|
| Maturity: | Nov. 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of basket return with floor of par
|
| Initial prices: | $110.49 for WTI, $111.55 for Brent, $7.663 for natural gas, $7.8125 for corn, $16.465 for soybeans, $11.775 for wheat, $9,064.00 for copper, $3,500.00 for zinc
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61773QVK2
|
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