By Jennifer Chiou
New York, June 21 - Morgan Stanley upsized its issue of senior floating-rate notes due June 17, 2020 linked to the 10-year Constant Maturity Treasury rate to $9 million with the pricing of an additional $3 million of notes, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly and will be equal to the 10-year CMT rate plus a spread of 50 basis points, up to a maximum rate of 10% per year.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Senior floating-rate notes
|
| Amount: | $9 million (up from $6 million)
|
| Maturity: | June 17, 2020
|
| Coupon: | 10-year CMT rate plus 50 bps, capped at 10%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 14
|
| Upsizing date: | June 21
|
| Settlement date: | June 17
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.25%
|
| Cusip: | 61745EQ61
|
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