Published on 7/3/2014 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.09 million buffered PLUS linked to commodities
By Susanna Moon
Chicago, July 3 – Morgan Stanley priced $1.09 million of 0% buffered Performance Leveraged Upside Securities due Jan. 5, 2017 linked to a basket of five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying commodities are West Texas Intermediate light sweet crude oil, RBOB gasoline, copper, palladium and soybeans.
The payout at maturity will be par plus 175% of any basket gain.
Investors will receive par for losses up to 10% and will be exposed to any losses beyond 10%.
Morgan Stanley & Co. LLC is the underwriter.
Issuer: | Morgan Stanley
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying basket: | West Texas Intermediate light sweet crude oil, RBOB gasoline, copper, palladium, soybeans, equally weighted
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Amount: | $1,085,000
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Maturity: | Jan. 5, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 175% of any basket gain; par for losses up to 10%; exposure to any losses beyond 10%
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Pricing date: | June 30
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Settlement date: | July 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61762GBT0
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