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Morgan Stanley S&P 500 Crude Oil Linked ETN due 7/1/2031
Ticker Symbol: BARL* CUSIP: 61760E390 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/29/2015
Company's Online Profile
BUSINESS: Morgan Stanley S&P 500 Crude Oil Linked Exchange Traded Note (ETN) due7/1/2031 are senior, unsecured debt securities issued by Morgan Stanley and is part of the Series F, Global Medium-Term Notes program. INVESTMENT OBJECTIVE: The Morgan Stanley S&P 500 Crude Oil Linked ETN tracks the performance of the S&P 500 Oil Hedged Index. The ETNs are designed to provide access to both the price of crude oil, as expressed by the prices of the two futures contracts, and the prices of large-cap U.S. equities, as expressed by the S&P 500 Index, in a single exchange-traded security. INDEX DESCRIPTION: The S&P 500 Oil Hedged Index seeks to simulate the combined returns of an investment of equal notional U.S. dollar amounts in the S&P 500 Total Return Index (the Equity Index) and long positions in near-term exchange-traded NYMEX Crude Oil and ICE Brent Crude Oil futures contracts (the Oil Futures). On a monthly basis, the Index rebalances the notional allocations to the Equity Index and the Oil Futures, so that the notional allocation to each of the two Oil Futures is equal to exactly 50% of the notional allocation to the Equity Index, which is denominated in U.S. dollars, as of each rebalancing date. The equal weighting of the Equity Index and the Oil Futures in the Index provides exposure to large-cap equities and the price of crude oil. As a result, the effect of an increase in the level of the Equity Index or the value of the Oil Futures on the level of the Index may be partially or completely offset by a decline in the value of one or more other components of the Index on any day that the level of the Index is determined. RETURNS AND MATURITY: The return on the Securities may be positive or negative and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If you hold your ETNs to maturity, July 1, 2031, you will receive a cash payment at maturity equal to the stated principal amount of your ETNs multiplied by the index performance ratio minus the tracking fee, each as determined on the final valuation date. REDEMPTION AND FEES: If you require Morgan Stanley to repurchase your ETNs prior to maturity, you will receive a cash payment on the repurchase date equal to the repurchase settlement amount minus the repurchase fee amount, each as determined on the applicable valuation date. Issued in denominations of $25.00, you must redeem at least 100,000 Securities at one time and agree to the repurchase procedures in order to exercise your right to redeem your Securities on any repurchase date. The tracking fee is equal to 0.79% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: January 8, 2015 -- Morgan Stanley (NYSE:MS) announced today that it will redeem all of its outstanding S&P 500 Crude Oil Linked ETNs due 2031 with a CUSIP of 61760E390 (NYSE Arca:BARL). Morgan Stanley expects to provide the call notice via The Depository Trust Company on January 27, 2015 (the call notice date). The repurchase settlement amount of the ETNs will be determined on the call notice date and will be paid to the investors on January 30, 2015, the third business day after the call notice date. Accordingly, the last day of trading for each ETN is expected to be January 29, 2015.
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IPO - 6/28/2011 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $8.9 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1585 Broadway, New York, NY 10036 |
| Main Phone Number |
212-761-4000 |
| Fax Number |
212-761-0086 |
| Investor Contact
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212-761-0008
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| Toll Free Phone Number |
855-227-2994 |
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