By Toni Weeks
San Diego, Feb. 10 - Morgan Stanley priced $75 million of fixed-to-floating notes due Feb. 14, 2013 tied to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and will equal 1.3% for the first year. After that, interest will equal the Libor plus 75 basis points, subject to a cap of 5% per year.
The payout at maturity will be par plus accrued interest.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $75 million
|
| Maturity: | Feb. 14, 2013
|
| Coupon: | 1.3% for first year; thereafter, Libor plus 75 bps, capped at 5%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 14
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 0.1%
|
| Cusip: | 61745E5D9
|
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