Published on 4/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.7 million commodity-linked notes on basket
By William Gullotti
Buffalo, N.Y., April 18 – Morgan Stanley Finance LLC priced $5.7 million of 0% commodity-linked notes due Oct. 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 futures, corn, soybeans, wheat, copper and zinc.
The payout at maturity will be par plus the basket return with a floor of 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: | $5.7 million
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Maturity: | Oct. 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return with floor of par
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Initial prices: | $98.26 for WTI, $102.78 for Brent, $6.278 for natural gas, $7.6875 for corn, $16.89 for soybeans, $10.515 for wheat, $10,390.00 for copper, $4,280.00 for zinc
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Strike date: | April 8
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Pricing date: | April 11
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Settlement date: | April 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61773QUW7
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