Published on 12/17/2015 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.73 million performance notes on Bloomberg Commodity index
By Marisa Wong
Morgantown, W.Va., Dec. 17 – Morgan Stanley priced $2.73 million of 0% performance securities due Dec. 18, 2023 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 205% of any index gain. Investors will be fully exposed to any decline in the index.
Morgan Stanley & Co. LLC is the underwriter with UBS Financial Services Inc. as agent.
Issuer: | Morgan Stanley
|
Issue: | Performance securities
|
Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
Amount: | $2,725,000
|
Maturity: | Dec. 18, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 205% of any index gain; full exposure to any losses
|
Initial level: | 177.9102
|
Pricing date: | Dec. 15
|
Settlement date: | Dec. 18
|
Underwriter: | Morgan Stanley & Co. LLC
|
Agent: | UBS Financial Services Inc.
|
Fees: | None
|
Cusip: | 61765U415
|
© 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.