By Angela McDaniels
Tacoma, Wash., Aug. 25 - Morgan Stanley priced $6.91 million of 0% dual participation commodity-linked capital-protected notes due April 4, 2014 linked to a basket of three commodities and three indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket includes West Texas Intermediate light sweet crude oil with a 30% weight, copper - grade A with a 20% weight, high grade primary aluminum with a 15% weight, the S&P GSCI Livestock Index - Excess Return with a 15% weight, the S&P GSCI Precious Metals Index - Excess Return with a 10% weight and the S&P GSCI Agricultural Index - Excess Return with a 10% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the gain. If the final level is less than the initial level, the payout will be par plus 50% of the absolute value of the decline.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Dual participation commodity-linked capital-protected notes
|
| Underlying basket: | West Texas Intermediate light sweet crude oil (30% weight), copper - grade A (20% weight), high grade primary aluminum (15% weight), S&P GSCI Livestock Index - Excess Return (15% weight), S&P GSCI Precious Metals Index - Excess Return (10% weight) and S&P GSCI Agricultural Index - Excess Return (10% weight)
|
| Amount: | $6,912,000
|
| Maturity: | April 4, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1% for every 1% basket gain; par plus 0.5% for every 1% basket decline
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 29
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
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