By Jennifer Chiou
New York, Feb. 15 - Morgan Stanley priced another $4 million of fixed-to-floating notes due Feb. 15, 2019 linked to the Consumer Price Index, bringing the total amount to $5 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 6% for the first year. Beginning on Feb. 15, 2013, the interest rate will be equal to the year-over-year change in the Consumer Price Index plus 200 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
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Issue: | Fixed-to-floating notes
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Underlying index: | Consumer Price Index
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Amount: | $5 million (up from original $1 million)
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Maturity: | Feb. 15, 2019
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Coupon: | Initially 6%; beginning on Feb. 15, 2013, year-over-year change in index plus 200 bps, subject to floor of zero; payable monthly
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Price: | Variable
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Payout at maturity: | Par
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Pricing dates: | Jan. 26 for $1 million; Feb. 14 for $4 million
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Settlement date: | Feb. 15
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61745E6M8
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