Published on 9/13/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 buffered PLUS linked to commodity basket
Chicago, Sept. 13 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered PLUS due Sept. 3, 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, corn, soybeans, wheat, copper and zinc.
If the basket finishes positive, the payout at maturity will be par plus 200% of the basket return.
Investors will receive par if the basket declines up to 30% and lose 1% for every 1% decline beyond 30%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
|
Issue: | Buffered PLUS
|
Underlying assets: | West Texas Intermediate light sweet crude oil futures contracts, Brent crude oil, natural gas, corn, soybeans, wheat, copper, zinc; equal weights
|
Amount: | $250,000
|
Maturity: | Sept. 3, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If basket gains, par plus 200% of basket return; if basket declines no more than 30%, par; otherwise, 1% loss for every 1% decline of the basket beyond 30%
|
Initial prices: | $97.01 for WTI, $105.09 for Brent, $9.336 for natural gas, $6.83 for corn, $14.3775 for soybeans, $8.4275 for wheat, $7,910.50 for copper, $3,592 for zinc
|
Buffer level: | 70% of initial level
|
Pricing date: | Aug. 29, 2022
|
Settlement date: | Aug. 31, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3%
|
Cusip: | 61773QWV7
|
|
© 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.