By Marisa Wong
Madison, Wis., Aug. 16 - Morgan Stanley priced an additional $10 million of leveraged CMS curve-linked notes due Aug. 19, 2033 linked to the 30-year Constant Maturity Swap rate and the five-year CMS rate, according to a 424B2 filing with the Securities and Exchange Commission.
This brings the total issue size to $13 million. The initial $3 million of notes priced on Aug. 5.
The interest rate is 10% for the first year. Beginning Aug. 19, 2014, the interest rate will be 4.5 times the spread of the 30-year CMS swap rate over the five-year CMS rate, subject to a minimum interest rate of zero and a maximum interest rate of 10% per year. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | Leveraged CMS curve-linked notes
|
| Amount: | $13 million (increased from $3 million)
|
| Maturity: | Aug. 19, 2033
|
| Coupon: | 10% for one year; thereafter, 4.5 times spread of 30-year CMS swap rate over five-year CMS rate, subject to maximum interest rate of 10% and floor of zero; payable quarterly
|
| Price: | Variable prices
|
| Payout at maturity: | Par
|
| Pricing date: | Aug. 5 for $3 million, Aug. 16 for $10 million
|
| Settlement date: | Aug. 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | Up to 3.5%
|
| Cusip: | 61760QDB7
|
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