Published on 11/28/2011 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $362,000 jump notes tied to Brent blend crude oil
By Toni Weeks
San Diego, Nov. 28 - Morgan Stanley priced $362,000 of 0% commodity-linked jump notes due Nov. 27, 2015 linked to Brent blend crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of Brent blend is greater than the initial price, the payout at maturity will be par plus 16%. Investors will receive par if the final Brent blend price is equal to or less than the initial price.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley
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Issue: | Commodity-linked jump notes
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Underlying commodity: | Brent blend crude oil
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Amount: | $362,000
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Maturity date: | Nov. 27, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final price is greater than initial price, par plus 16%; otherwise, par
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Initial price: | $109.03
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 617482K78
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