Morgan Stanley plans fixed-to-floaters linked to Consumer Price Index

By Susanna Moon

Chicago, Oct. 3 – Morgan Stanley plans to price fixed-to-floating notes due Oct. 28, 2024 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

Interest will be the year-over-year change in the CPI plus 120 basis points. Interest is payable monthly and cannot be less than zero.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.

The notes will settle on Oct. 28.

The Cusip number is 61760QFD1.

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