By Marisa Wong
Madison, Wis., Jan. 25 - Morgan Stanley priced an additional $4 million of senior floating-rate notes due Jan. 31, 2019 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $5 million. The initial $1 million of notes priced on Jan. 12.
The interest rate is equal to the year-over-year change in the Consumer Price Index plus 300 basis points, subject to a minimum rate of zero. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Senior floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $5 million, increased from $1 million
|
| Maturity: | Jan. 31, 2019
|
| Coupon: | Year-over-year change in index plus 300 bps, subject to floor of zero; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Jan. 12 for $1 million; Jan. 23 for $4 million
|
| Settlement date: | Jan. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61745E5T4
|
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