Published on 12/10/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $820,000 commodity-linked notes on basket of eight
Chicago, Dec. 11 – Morgan Stanley Finance LLC priced $820,000 of 0% commodity-linked notes due Nov. 5, 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.
The payout at maturity will be par plus 1.5 times the basket return if 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 and zinc; equal weights
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Amount: | $820,000
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Maturity: | Nov. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times basket return if positive; otherwise, par
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Initial prices: | $86.53 for WTI, $92.81 for Brent, $6.355 for natural gas, $6.915 for corn, $14.195 for soybeans, $8.8225 for wheat, $7,525 for copper, $2,755 for zinc
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Pricing date: | Oct. 31, 2022
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Settlement date: | Nov. 3, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61774FAL6
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