E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/25/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.5 million fixed-rate step-up callable notes on 0.8% start rate

By William Gullotti

Buffalo, N.Y., May 25 – Morgan Stanley Finance LLC priced $1.5 million of callable fixed-rate step-up notes due April 29, 2025, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The coupon is initially 0.8%. It will step up to 0.95% on Oct. 29, 2023 and to 1.25% on Oct. 29, 2024. Interest is payable semiannually.

The notes will be callable at the issuer’s option at par on Oct. 29, 2023.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Callable fixed-rate step-up notes
Amount:$1.5 million
Maturity:April 29, 2025
Coupon:0.8%, stepping up to 0.95% on Oct. 29, 2023 and to 1.25% on Oct. 29, 2024; payable semiannually
Price:Par
Payout at maturity:Par
Call option:At par on Oct. 29, 2023
Pricing date:Oct. 27, 2021
Settlement date:Oct. 29, 2021
Agent:Morgan Stanley & Co. LLC
Distribution:Morgan Stanley Wealth Management
Fees:0.4%
Cusip:61766YGR6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.