By Susanna Moon
Chicago, July 29 – Morgan Stanley priced $3.79 million of 0% trigger Performance Leveraged Upside Securities due Jan. 28, 2016 linked to a basket of six commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the WTI light sweet crude oil futures contract with a 27.5% weight, RBOB gasoline futures contract with a 27.5% weight, copper with a 12.5% weight, palladium with a 10% weight, soybean futures contract with a 16.9% weight and cotton futures contract with a 5.6% weight.
The payout at maturity will be par plus 2.15 times any gain in the basket.
Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket finishes below the 85% trigger level.
Morgan Stanley & Co. LLC is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying assets: | WTI light sweet crude oil futures contract (27.5% weight), RBOB gasoline futures contract | (27.5% weight), copper (12.5% weight), palladium (10% weight), soybean futures contract (16.9% weight) and cotton futures contract (5.6% weight)
|
| Amount: | $3,789,000
|
| Maturity: | Jan. 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 215% of any basket gain; par if basket falls by up to 15%; full exposure to any losses if basket finishes below trigger level
|
| Trigger level: | 85% of initial level
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 61762GBV5
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