Published on 5/22/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $355,000 commodity-linked notes on basket
Chicago, May 18 – Morgan Stanley Finance LLC priced $355,000 of 0% commodity-linked notes due July 2, 2025 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 futures, corn, soybeans, wheat, copper and zinc.
The payout at maturity will be par plus the basket return if the basket return is positive. Otherwise, investors will receive par.
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, zinc; equal weights
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Amount: | $355,000
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Maturity: | July 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return if basket return is positive; otherwise, par
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Initial prices: | $109.57 for WTI, $115.09 for Brent, $6.22 for natural gas, $6.6125 for corn, $15.295 for soybeans, $9.175 for wheat, $8,353 for copper, $3,450 for zinc
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Pricing date: | June 27, 2022
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Settlement date: | June 30, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61773QWE5
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