By Marisa Wong
Madison, Wis., Aug. 11 - Morgan Stanley priced an additional $25 million of six-month Libor range accrual notes due Aug. 12, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $30 million, up from $5 million.
The interest rate is 7% per year multiplied by the proportion of days on which six-month Libor is 7% or less. Interest is payable quarterly.
The payout at maturity will be par.
Beginning Aug. 12, 2011, the notes will be callable at par on any interest payment date.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Six-month Libor range accrual notes
|
| Amount: | $30 million, up from $5 million
|
| Maturity: | Aug. 12, 2025
|
| Coupon: | 7% per year multiplied by proportion of days on which six-month Libor is 7% or less; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates from Aug. 12, 2011 onward
|
| Pricing dates: | July 23 for $5 million, Aug. 11 for $25 million
|
| Settlement date: | Aug. 12
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
| Cusip: | 61745E3C3
|
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