By Susanna Moon
Chicago, Oct. 26 – Morgan Stanley priced $8 million of floating-rate notes due Oct. 19, 2020 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.
Interest will be equal to the year-over-year change in the CPI plus 60 basis points. Interest will be 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
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| Issue: | Floating-rate notes
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| Underlying index: | Consumer Price Index
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| Amount: | $8 million
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| Maturity: | Oct. 19, 2020
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| Coupon: | Year-over-year change in CPI plus 60 bps, payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 19
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61760QLY8
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