Morgan Stanley plans performance securities linked to Bloomberg Commodity 3 Month Forward

By Toni Weeks

San Luis Obispo, Calif., May 5 – Morgan Stanley plans to price 0% performance securities due May 31, 2022 linked to the Bloomberg Commodity Index 3 Month Forward, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 180% to 195% of any index gain, with the exact participation rate to be set at pricing. Investors will be fully exposed to any decline in the index.

The notes (Cusip: 61764V778) will price May 26 and settle May 29.

Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.

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