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Morgan Stanley to offer six-month Libor range accrual notes due 2020
By Susanna Moon
Chicago, Jan. 26 - Morgan Stanley plans to price senior floating-rate six-month Libor range accrual notes due Feb. 8, 2020, according to an FWP filing with the Securities and Exchange Commission.
The coupon is payable quarterly and will accrue at the 10-year Constant Maturity Swap rate plus 35 basis points for each day that six-month Libor is between 0% and 7.5%.
The payout at maturity will be par.
The notes will price in January and settle on Feb. 8.
Morgan Stanley & Co. is the agent.
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