By Wendy Van Sickle
Columbus, Ohio, March 1 – Morgan Stanley priced $8 million of callable fixed-rate step-up notes due Feb. 28, 2039, according to a 424B2 with the Securities and Exchange Commission.
The coupon is initially 5.5%. It will step up to 5.55% on Feb. 28, 2038. Interest is payable semiannually.
The notes will be callable semiannually at par starting on Feb. 28, 2027.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley
|
| Issue: | Callable fixed-rate step-up notes
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| Amount: | $8 million
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| Maturity: | Feb. 28, 2039
|
| Coupon: | 5.5% initially, stepping up to 5.55% on Feb. 28, 2038; payable semiannually
|
| Call option: | Semiannually at par starting Feb. 28, 2027
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
|
| Agent: | Morgan Stanley & Co. LLC
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 61760QPV0
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