By Toni Weeks
San Diego, Feb. 18 - Morgan Stanley priced an additional $34.75 million of fixed-to-floating notes due Feb. 18, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $55 million. The original $20.25 million of notes priced Feb. 1.
The initial interest rate is 5%. Beginning Feb. 18, 2013, the interest rate will be Libor plus 190 basis points, subject to a maximum of 7% in each interest period. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $55 million, increased from $20.25 million
|
| Maturity: | Feb. 18, 2020
|
| Coupon: | Initially 5%; beginning Feb. 18, 2013, Libor plus 190 bps; maximum of 7%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing dates: | Feb. 1 (for $20.25 million); Feb. 17 (for $34.75 million)
|
| Settlement date: | Feb. 18
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 0.5%
|
| Cusip: | 61745E4K4
|
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