By Wendy Van Sickle
Columbus, Ohio, March 30 – Morgan Stanley priced $2.75 million of floating-rate notes due March 18, 2027 linked to the 10-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the 10-year U.S. dollar SOFR ICE swap rate plus 75 basis points. Interest will be payable quarterly and cannot be less than 0.1%.
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 rate: | 10-year U.S. dollar SOFR ICE swap rate
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| Amount: | $2.75 million
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| Maturity: | March 18, 2027
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| Coupon: | 10-year U.S. dollar SOFR ICE swap rate plus 75 bps with floor of 0.1%, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | March 16
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| Settlement date: | March 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.7%
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| Cusip: | 61760QNE0
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