E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/4/2023 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $250,000 commodity-linked notes on basket of eight

Chicago, Dec. 4 – Morgan Stanley Finance LLC priced $250,000 of 0% commodity-linked notes due Oct. 29, 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 basket consists of West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc.

The payout at maturity will be par plus the basket return if positive. Otherwise, investors will receive par.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Commodity-linked notes
Underlying assets:West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc; equal weights
Amount:$250,000
Maturity:Oct. 29, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus basket return if positive; otherwise, par
Initial prices:$87.91 for WTI, $95.69 for Brent, $5.6060 for natural gas, $6.85 for corn, $13.93 for soybeans, $8.405 for wheat, $7,762.50 for copper, $2,977.00 for zinc
Pricing date:Oct. 26, 2022
Settlement date:Oct. 31, 2022
Agent:Morgan Stanley & Co. LLC
Fees:2.5%
Cusip:61774FAH5

© 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.