New Issue: Morgan Stanley prices $27.94 million fixed-to-floating notes with 5% initial rate, 5% floor

By Toni Weeks

San Diego, Oct. 26 - Morgan Stanley priced $27.94 million of fixed-to-floating notes due Oct. 27, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first two years. After that it will be Libor plus 300 basis points, with a minimum rate of 5%. Interest is payable quarterly.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Fixed-to-floating notes
Amount:	$27,935,000
Maturity:	Oct. 27, 2018
Coupon:	5% initially; beginning Oct. 27, 2013, Libor plus 300 bps, floor of 5%; payable quarterly
Price:	Variable prices
Payout at maturity:	Par
Pricing date:	Oct. 24
Settlement date:	Oct. 27
Agent:	Morgan Stanley & Co. LLC
Fees:	1.5%
Cusip:	61745ET92

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