By Angela McDaniels
Tacoma, Wash., July 31 - Morgan Stanley priced $7 million of floating-rate notes due Aug. 1, 2014 linked to the 10-year Constant Maturity Treasury rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to the 10-year CMT rate, subject to a minimum of 2% per year. Interest is payable monthly.
The payout at maturity will be par.
The issue's size was $6 million before being increased to $7 million.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $7 million
|
| Maturity: | Aug. 1, 2014
|
| Coupon: | Equal to 10-year CMT rate, subject to minimum rate of 2% per year; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.875%
|
| Cusip: | 61760QBT0
|
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