By Angela McDaniels
Tacoma, Wash., Aug. 24 - Morgan Stanley priced $6.5 million of floating-rate notes due Aug. 26, 2016 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is fixed at 3.5% per year for the first two years. Beginning Aug. 26, 2011, interest will equal 2% plus the year-over-year change in the index, subject to a floor of zero. Interest is payable monthly.
The payout at maturity will be par.
The issuer said it may increase the issue size prior to settlement.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $6.5 million
|
| Maturity: | Aug. 26, 2016
|
| Coupon: | 3.5% for first two years; after that, 2% plus the year-over-year change in the index, subject to a floor of par; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 26
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.25%
|
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