Morgan Stanley to price floating-rate notes linked to ICE swap rates

By Sarah Lizee

Olympia, Wash., Aug. 10 – Morgan Stanley Finance LLC plans to price floating-rate notes due Aug. 31, 2025 linked to the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The interest rate will be equal to the greater of the 30-year swap rate and the two-year swap rate, subject to a minimum interest rate of 0%. Interest will be payable quarterly.

The payout at maturity will be par.

The notes are non-callable.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management acting as a dealer.

The notes (Cusip: 61766YDF5) will settle on Aug. 31.

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