By Susanna Moon
Chicago, Nov. 12 - Morgan Stanley priced $2 million of floating-rate notes due Nov. 30, 2019 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.
The coupon will be the year-over-year change in the index plus 150 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $2 million
|
| Maturity: | Nov. 30, 2019
|
| Coupon: | CPI plus 150 bps, floor of zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.25%
|
| Cusip: | 61745EV99
|
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