Published on 7/5/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 commodity-linked notes on basket
Chicago, July 5 – Morgan Stanley Finance LLC priced $250,000 of 0% commodity-linked notes due Jan. 11, 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 25% if the basket return is positive. Otherwise, investors will be fully exposed to the losses of the basket.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Commodity-linked notes
|
Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper and zinc; equal weights
|
Amount: | $250,000
|
Maturity: | Jan. 11, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 25%, if basket return is positive; otherwise, full exposure to losses of basket
|
Initial prices: | $104.79 for WTI, $107.02 for Brent, $6.034 for natural gas, $6.3325 for corn, $15.1325 for soybeans, $8.915 for wheat, $7,790 for copper, $3,151 for zinc
|
Pricing date: | July 8, 2022
|
Settlement date: | July 13, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, N
|
Fees: | 1.25%
|
Cusip: | 61773QWL9
|
|
© 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.