By Jennifer Chiou
New York, Nov. 30 - Morgan Stanley upsized its issue of CMS curve and S&P 500 index-linked range accrual notes due Nov. 30, 2031 to $1.5 million from $1 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 10% for the first two years. After that, it will be 10% per year multiplied by the proportion of days on which the 30-year Constant Maturity Swap rate is greater than or equal to the two-year CMS rate and the index closes at or above 750. Interest will be payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | CMS curve and S&P 500 index-linked range accrual notes
|
| Amount: | $1.5 million (upsized from $1 million)
|
| Maturity: | Nov. 30, 2031
|
| Coupon: | 10% for the first two years; after that, 10% per year multiplied by the proportion of days on which 30-year Constant Maturity Swap rate is greater than or equal to the two-year CMS rate and the index closes at or above 750; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 14
|
| Upsize date: | Nov. 29
|
| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 61745E2M2
|
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