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Morgan Stanley calls $41 million CMS curve, S&P 500-linked notes
By Marisa Wong
Madison, Wis., Dec. 20 - Morgan Stanley gave notice that it will redeem all $41 million of its outstanding CMS curve and S&P 500 index-linked range accrual notes due Sept. 21, 2024.
The notes (Cusip: 617482GW8) will be redeemed on Dec. 21 at par plus accrued interest.
The notes currently bear interest at a rate of 10% per year 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 S&P 500 closes at or above 775.
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