New Issue: Morgan Stanley prices $425,000 more nine-year fixed-to-floaters

By Jennifer Chiou

New York, Nov. 23 - Morgan Stanley priced another $425,000 of senior fixed-to-floating notes due Nov. 23, 2019 to bring the total issue amount to $6 million, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first two years. After that, the rate will be Libor plus 137 basis points, with a maximum of 7%. Interest is payable quarterly.

The payout at maturity will be par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Senior fixed-to-floating notes
Amount:	$6 million (up to $5,575,000)
Maturity:	Nov. 23, 2019
Coupon:	5% for two years; then Libor plus 137 bps, capped at 7%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Nov. 18
Upsize date:	Nov. 22
Settlement date:	Nov. 23
Agent:	Morgan Stanley & Co. Inc.
Fees:	0.5%
Cusip:	61745EW72

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