By Angela McDaniels
Tacoma, Wash., April 2 - Morgan Stanley priced RUB 15 million of senior fixed-rate step-up securities due April 16, 2017, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are denominated in Russian rubles. Interest payments and the payout at maturity will be converted into dollars using the exchange rate then in effect.
The notes have a principal amount of RUB 1,000 each and were sold at variable prices.
The interest rate is 9.25% in years one and two, 9.5% in years three and four and 9.75% in year five. Interest is payable annually.
The payout at maturity will be par.
The issuer said it may increase the issue size prior to the settlement date but is not required to do so.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Senior fixed-rate step-up securities
|
| Amount: | RUB 15 billion
|
| Maturity: | April 16, 2017
|
| Coupon: | 9.25% in years one and two, 9.5% in years three and four and 9.75% in year five; payable annually in dollars
|
| Price: | Variable prices
|
| Payout at maturity: | Amount in dollars equal to par
|
| Pricing date: | March 29
|
| Settlement date: | April 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 61747WAN9
|
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