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 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
Issue:Commodity-linked jump notes
Underlying commodity:Brent blend crude oil
Amount:$362,000
Maturity date:Nov. 27, 2015
Coupon:0%
Price:Par
Payout at maturity:If final price is greater than initial price, par plus 16%; otherwise, par
Initial price:$109.03
Pricing date:Nov. 22
Settlement date:Nov. 28
Agent:Morgan Stanley & Co. LLC
Fees:3%
Cusip:617482K78

© 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.