By Susanna Moon
Chicago, Nov. 18 - Morgan Stanley increased the spread by 25 basis points on its $2 million of floating-rate notes due Nov. 30, 2019 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon now will be the year-over-year change in the index plus 175 bps, up from 150 bps. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Amount: | $2 million
|
| Maturity: | Nov. 30, 2019
|
| Coupon: | Consumer Price Index plus 175 bps, floor of zero; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Nov. 10
|
| Amended: | Nov. 18
|
| Settlement date: | Nov. 30
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 2.25%
|
| Cusip: | 61745EV99
|
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