Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 3 > Headlines for 30-year Constant Maturity Swap rate > News item |
Morgan Stanley to price CMS curve, Russell 2000 range accrual notes
By Marisa Wong
Madison, Wis., April 20 - Morgan Stanley plans to price CMS curve and Russell 2000 index-linked range accrual notes due April 29, 2026, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly and will accrue at an annualized rate of 8.125% for each day that the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate is at least zero and the level of the Russell 2000 is at least 615.
The payout at maturity will be par.
The notes (Cusip: 61745EK67) will settle on April 29.
Morgan Stanley & Co. Inc. is the agent.
© 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.