By Sarah Lizee
Olympia, Wash., Sept. 18 – Morgan Stanley priced $12.5 million of floating-rate notes due Sept. 19, 2021 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the year-over-year change in the CPI plus 67 basis points. Interest will be 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 Wealth Management handling distribution.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $12.5 million
|
| Maturity: | Sept. 19, 2021
|
| Coupon: | Year-over-year change in CPI plus 67 bps, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 0.75%
|
| Cusip: | 61760QLU6
|
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