Published on 8/29/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 commodity-linked notes on basket of eight
Chicago, Aug. 29 – Morgan Stanley Finance LLC priced $250,000 of 0% commodity-linked notes due Feb. 23, 2024 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 double the basket return if positive, capped at par plus 25%. Otherwise, investors will be fully exposed to the basket decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Commodity-linked notes
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Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc; equal weights
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Amount: | $250,000
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Maturity: | Feb. 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double basket return capped at par plus 25% if positive; otherwise, full exposure to basket decline
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Initial prices: | $90.77 for WTI, $96.72 for Brent, $9.336 for natural gas, $6.26 for corn, $14.8875 for soybeans, $7.5325 for wheat, $8,051 for copper, $3,532 for zinc
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Pricing date: | Aug. 19, 2022
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Settlement date: | Aug. 24, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.25%
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Cusip: | 61773QWU9
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