Morgan Stanley calls leveraged CMS curve, S&P 500-linked notes

By Marisa Wong

Madison, Wis., July 13 - Morgan Stanley said that it will redeem its $3 million of outstanding leveraged CMS curve and S&P 500 index-linked callable notes due July 16, 2029.

The notes (Cusip: 617482GF5) will be redeemed on July 18 at par plus accrued interest to the redemption date.

Interest is equal to 11% per year up to but excluding July 16. After that, interest will accrue at 10 times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate for each day that the S&P 500 is at least 675.

The Bank of New York Mellon is the redemption agent.

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