By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – Morgan Stanley priced $12.5 million of floating-rate notes due Dec. 4. 2020 linked to the Consumer Price index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be the annual percentage change in the index plus 85 basis points. Interest will be payable monthly and cannot be less than zero.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price index
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| Amount: | $12.5 million
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| Maturity: | Dec. 4, 2020
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| Coupon: | Annual percentage change in the index plus 85 bps, subject to 0% floor; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Nov 30
|
| Settlement date: | Dec. 4
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
|
| Cusip: | 61760QMD3
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