By Angela McDaniels
Tacoma, Wash., Sept. 20 – Morgan Stanley priced $5.64 million of floating-rate notes due Sept. 30, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is equal to Libor, subject to a minimum interest rate of 1.75% per year and a maximum interest rate of 5% per year. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
The issuer said it may increase the issue size prior to the settlement date, Sept. 30, but is not required to do so.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $5.64 million
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | Libor, subject to 1.75% minimum interest rate and 5% maximum interest rate; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fee: | 1%
|
| Cusip: | 61760QJZ8
|
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