Published on 2/14/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3 million commodity-linked notes on basket
Chicago, Feb. 14 – Morgan Stanley Finance LLC priced $3 million of 0% commodity-linked notes due May 31, 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 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
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Guarantor: | Morgan Stanley
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Issue: | Commodity-linked notes
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Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper, zinc; equal weights
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Amount: | $3,000,000
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return with floor of par
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Initial prices: | $98.54 for WTI, $102.32 for Brent, $6.669 for natural gas, $7.98 for corn, $16.7525 for soybeans, $10.725 for wheat, $9,919.00 for copper, $4,279.50 for zinc
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Pricing date: | April 25, 2022
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Settlement date: | April 28, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61773QVE6
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