By Toni Weeks
San Diego, Feb. 11 - Morgan Stanley priced an additional $5 million of floating-rate notes due Feb. 11, 2020 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $15 million. The original $10 million priced Feb. 3.
The coupon will be 5% for the first two years. After that, the interest rate will be equal to the year-over-year change in the index plus 200 basis points, subject to a floor of zero and a cap of 8.5%. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. 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: | $15 million, upsized from $10 million
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| Maturity: | Feb. 11, 2020
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| Coupon: | 5% for two years; after that, year-over-year change in index plus 200 bps, capped at 8.5% with floor of zero; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Feb. 3 for $10 million; Feb. 10 for $5 million
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| Settlement date: | Feb. 11
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| Agent: | Morgan Stanley & Co. Inc.
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| Fees: | 2.25%
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| Cusip: | 61745E3R0
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