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Morgan Stanley plans to price fixed-to-floating notes linked to CPI
By Angela McDaniels
Tacoma, Wash., June 15 - Morgan Stanley plans to price fixed-to-floating-rate notes due July 1, 2022 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 5.65% per year for the first month. Beginning Aug. 1, 2012, the interest rate will be the year-over-year change in the Consumer Price Index plus 300 basis points, subject to a minimum rate of zero and a maximum rate of 10% per year. Interest will be payable monthly.
The payout at maturity will be par.
The notes will settle June 29.
Morgan Stanley & Co. LLC is the agent.
The Cusip number is 61760QBQ6.
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