By Angela McDaniels
Tacoma, Wash., May 14 - Morgan Stanley upsized its floating-rate notes due May 14, 2020 linked to the 10-year Constant Maturity Treasury rate to $60 million from $25 million, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly and is equal to the 10-year CMT rate, subject to a maximum rate of 10% per year in each interest period.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $60 million, upsized from $25 million
|
| Maturity: | May 14, 2020
|
| Coupon: | 10-year CMT rate, capped at 10%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing dates: | May 11 for $25 million; May 13 for $35 million
|
| Settlement date: | May 14
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.25%
|
| Cusip: | 61745EG47
|
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