By Sarah Lizee
Olympia, Wash., May 15 – Morgan Stanley priced an additional $3 million of floating-rate notes due May 11, 2028 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total deal size to $5 million. The initial $2 million of notes priced on May 8.
The interest rate equals the year-over-year change in the Consumer Price Index plus 150 basis points, subject to a minimum rate of zero. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Floating-rate notes
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| Underlying index: | Consumer Price Index
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| Amount: | $5 million, increased from $2 million
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| Maturity: | May 11, 2028
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| Coupon: | Year-over-year change in index plus 150 bps, subject to a 0% floor; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing dates: | May 8 for $2 million; May 14 for $3 million
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| Settlement date: | May 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61760QLF9
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