Published on 6/13/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.52 million protected notes tied to commodities
By Susanna Moon
Chicago, June 13 - Morgan Stanley priced $1.52 million of zero-coupon commodity-linked notes due Sept. 14, 2017 linked to an equally weighted basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying commodities are aluminum, Brent blend crude oil, copper, nickel and zinc.
The payout at maturity will be par plus any basket gain. If the basket falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Commodity-linked notes
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Underlying commodities: | Aluminum, Brent blend crude oil, copper, nickel and zinc, equally weighted
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Amount: | $1.52 million
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Maturity: | Sept. 14, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain, floor of par
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Initial prices: | $2,625.50 for aluminum, $119.57 for Brent blend crude oil, $8,950.50 for copper, $22,505.00 for nickel and $2,259.00 for zinc
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Pricing date: | June 9
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Settlement date: | June 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 617482VG6
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