By Susanna Moon
Chicago, Feb. 1 - Morgan Stanley priced $1 million of range accrual notes due Feb. 15, 2020 linked to six-month Libor and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 6.25% for each day that the six-month Libor is 6% or less and the closing level of the S&P 500 index is at least 990. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Six-month Libor and S&P 500 index range accrual notes
|
| Amount: | $1 million
|
| Maturity: | Feb. 15, 2020
|
| Coupon: | 6.25% annualized for each day that six-month Libor is 6% or less and index closes at or above 990; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61745E6Z9
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
