Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers 3 > Headlines for 30-year U.S. dollar ICE swap rate > News item |
Morgan Stanley plans 13% notes linked to 30-, two-year ICE swap rates
By Susanna Moon
Chicago, April 11 – Morgan Stanley Finance LLC plans to price 13% fixed-rate buffered securities due May 2018 linked to the spread of the 30-year U.S. dollar ICE swap rate over the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par unless the final spread is below the 50% threshold, in which case investors will lose 2% for each 1% decline beyond 50%.
The notes are guaranteed by Morgan Stanley
Morgan Stanley & Co. LLC is the agent.
The notes will price in April.
The Cusip number is 61766YBF7.
© 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.