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Morgan Stanley plans trigger PLUS tied to basket of five commodities
By Marisa Wong
Madison, Wis., Nov. 7 – Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due May 2015 linked to an equally weighted basket of commodities, according to an FWP filing with the Securities and Exchange Commission.
The underlying commodities are WTI light sweet crude oil, copper, platinum, milk and live cattle.
The payout at maturity will be par plus 170% times any basket gain.
If the basket declines but finishes at or above the trigger level, 95% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the basket decline.
Morgan Stanley & Co. LLC is the agent.
The notes will price and settle in November.
The Cusip number is 61762GCJ1.
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