New Issue: Morgan Stanley sells $7.72 million fixed-to-floating notes due 2016

By Susanna Moon

Chicago, Nov. 22 - Morgan Stanley priced $7.72 million of senior fixed-to-floating notes due May 23, 2016, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 3.25% for the first year. After that, the rate will be Libor plus 80 basis points, with a minimum coupon of 1%. 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:	$7,724,000
Maturity:	May 23, 2016
Coupon:	3.25% for one year; then Libor plus 80 bps, floor of 1%; payable quarterly
Price:	Variable
Payout at maturity:	Par
Pricing date:	Nov. 19
Settlement date:	Nov. 23
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.25%
Cusip:	61745EV32

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