New Issue: Morgan Stanley sells $5.58 million nine-year fixed-to-floating notes

By Susanna Moon

Chicago, Nov. 22 - Morgan Stanley priced $5.58 million of senior fixed-to-floating notes due Nov. 23, 2019, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first two years. After that, the rate will be Libor plus 137 basis points, with a maximum of 7%. Interest is payable quarterly.

The payout at maturity will be par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Senior fixed-to-floating notes
Amount:	$5,575,000
Maturity:	Nov. 23, 2019
Coupon:	5% for two years; then Libor plus 137 bps, capped at 7%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	Morgan Stanley & Co. Inc.
Fees:	0.5%
Cusip:	61745EW72

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