By Angela McDaniels
Tacoma, Wash., Nov. 17 – Morgan Stanley Finance LLC priced $10 million of 0% floating-rate notes due Oct. 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is SOFR plus 145 basis points, subject to a minimum interest rate of 0.1% per year. Interest is payable quarterly.
The payout at maturity will be 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: | Floating-rate notes
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| Amount: | $10 million
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| Maturity: | Oct. 31, 2028
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| Coupon: | SOFR plus 145 bps, subject to minimum interest rate of 0.1% per year; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.8%
|
| Cusip: | 61774FCR1
|
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