Morgan Stanley plans fixed-to-floaters due 2017 with 5% initial rate

By Susanna Moon

Chicago, May 11 - Morgan Stanley plans to price senior fixed-to-floating notes due May 30, 2017, according to an FWP filing with the Securities and Exchange Commission.

The coupon will initially be 5%. Beginning May 30, 2014, it will be Libor plus 200 basis points, with a minimum rate of 2.5%. Interest is payable quarterly.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will settle on May 30.

The Cusip number is 61760QBK9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.