New Issue: Morgan Stanley prices $4.81 million market-linked notes on commodity basket

By William Gullotti

Buffalo, N.Y., Aug. 1 – Morgan Stanley Finance LLC priced $4.81 million of 0% market-linked notes due March 14, 2025 linked to the performance of an equally-weighted basket of eight commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

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 any basket gain.

If the basket declines, the payout will be par.

Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Market-linked notes
Underlying assets:	West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas futures, corn, soybeans, wheat, copper, zinc; equal weights
Amount:	$4,811,000
Maturity:	March 14, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain; otherwise, par
Initial prices:	$97.26 for WTI, $106.62 for Brent, $8.554 for natural gas, $6.0025 for corn, $14.245 for soybeans, $7.9025 for wheat, $7,552.00 for copper, $3,116.00 for zinc
Pricing date:	July 27
Settlement date:	July 29
Agents:	Morgan Stanley & Co. LLC and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	61773QWN5

© 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.