Morgan Stanley plans to price leveraged callable CMS curve-linked notes

By Susanna Moon

Chicago, July 18 - Morgan Stanley plans to price leveraged callable CMS curve-linked notes due Aug. 4, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly and will accrue at 11% per year for the first three years. Beginning Aug. 4, 2011, interest will equal 11 times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate, with a minimum rate of 0%.

The notes are callable at par on any interest payment date beginning Aug. 4, 2011.

If the notes are not called, the payout at maturity will be par.

The notes are expected to settle on Aug. 4.

Morgan Stanley & Co. Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.