By Jennifer Chiou
New York, Feb. 11 - Morgan Stanley priced another $11 million of CMS curve and Russell 2000-linked range accrual notes due Feb. 11, 2031, bringing the total to $12 million, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 10% for the first year. After that, interest will accrue at an annualized rate of 10% for each day that the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate is at least zero and the level of the Russell 2000 index is at least 615.
Interest is payable monthly.
The payout at maturity will be par.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley
|
| Issue: | CMS curve and Russell 2000 index-linked range accrual notes
|
| Amount: | $12 million (up from $1 million)
|
| Maturity: | Feb. 11, 2031
|
| Coupon: | 10% for one year; thereafter, 10% for each day that 30-year CMS rate is at or above two-year CMS rate and Russell 2000 is at least 615; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 24 for $1 million; Feb. 10 for $11 million
|
| Settlement date: | Feb. 11
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 4%
|
| Cusip: | 61745E3K5
|
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