Morgan Stanley plans trigger PLUS with cap linked to six commodities

By Susanna Moon

Chicago, April 9 - Morgan Stanley plans to price 0% trigger Performance Leveraged Upside Securities due October 2014 linked to a basket of six commodities, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of Brent blend crude oil with a 25% weight, copper with a 20% weight, corn with a 15% weight, gold with a 15% weight, soybeans with a 15% weight and gasoline RBOB with a 10% weight.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum payout of $1,260 to $1,300 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will be fully exposed to any losses if the basket falls below the 85% trigger level.

Morgan Stanley & Co. LLC is the agent.

The notes will price and settle in April.

The Cusip number is 6174824F8.

© 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.