By Jennifer Chiou
New York, Oct. 27 – Morgan Stanley priced $10 million of floating-rate notes due Oct. 28, 2024 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to the year-over-year change in the index plus 120 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $10 million
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| Maturity: | Oct. 28, 2024
|
| Coupon: | Equal to the year-over-year change in index plus 120 bps, floor of zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 61760QFD1
|
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