By Jennifer Chiou
New York, Nov. 14 - Morgan Stanley priced $1 million of fixed-to-floating notes due Nov. 29, 2019 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 6% for the first year. Beginning on Nov. 29, 2012, the interest rate will be equal to the year-over-year change in the Consumer Price Index plus 300 basis points, subject to a minimum rate of zero and a maximum of 8%. Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Fixed-to-floating notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $1 million
|
| Maturity: | Nov. 29, 2019
|
| Coupon: | Initially 6%; beginning on Nov. 29, 2012, year-over-year change in index plus 300 bps, subject to floor of zero and maximum of 8% per year; payable monthly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Pricing dates: | Nov. 9
|
| Settlement date: | Nov. 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61745EZ95
|
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