By Marisa Wong
Madison, Wis., April 18 - Morgan Stanley priced $1 million of fixed-to-floating notes due April 30, 2019 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate equals the year-over-year change in the Consumer Price Index plus 200 basis points, subject to a minimum rate of zero. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed-to-floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $1 million, may be increased prior to settlement
|
| Maturity: | April 30, 2019
|
| Coupon: | Year-over-year change in index plus 200 bps, floor of zero; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing date: | April 16
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61760QBD5
|
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