By Toni Weeks
San Luis Obispo, Calif., Feb. 4 – Morgan Stanley priced $6 million of floating-rate notes due Feb. 25, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to Libor, subject to a minimum interest rate of 1.5% and a maximum rate that is initially 3%, stepping up to 3.5% on Feb. 25, 2018. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $6 million
|
| Maturity: | Feb. 25, 2019
|
| Coupon: | Coupon equal to Libor, with minimum rate of 1.5% and initial maximum rate of 3%, stepping up to 3.5% on Feb. 25, 2018; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.375%
|
| Cusip: | 61760QFT6
|
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