By Jennifer Chiou
New York, May 19 - Morgan Stanley priced Ps. 20 million of additional senior fixed-rate step-up securities due May 20, 2016, according to a 424B2 filing with the Securities and Exchange Commission.
This upsizes the issue amount to Ps. 30 million.
The securities are denominated in Mexican pesos, but all interest payments and the payout at maturity will be converted into dollars at the exchange rate then in effect.
The coupon is 7% in years one and two, 7.25% in year three, 7.5% in year four and 7.75% in year five. Interest is payable annually.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Senior fixed-rate step-up securities
|
| Amount: | Ps. 30 million (up from original Ps. 10 million)
|
| Maturity: | May 20, 2016
|
| Coupon: | 7% in years one and two, 7.25% in year three, 7.5% in year four and 7.75% in year five; payable annually in dollars
|
| Price: | Par
|
| Payout at maturity: | Par, payable in dollars
|
| Pricing date: | May 2
|
| Upsize date: | May 18
|
| Settlement date: | May 20
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 1.25%
|
| Cusip: | 617482RY2
|
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