By Marisa Wong
Morgantown, W.Va., May 30 – Morgan Stanley Finance LLC priced $3.6 million of six-month Libor and S&P 500 index range accrual notes due May 24, 2032, according to an amended 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Interest accrues at an annual rate of 5.5% for each day that six-month Libor is at least zero but no more than 5% and the index closes at or above the reference level, 75% of the initial index level. Interest is payable quarterly.
The payout at maturity will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Floating-rate notes
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| Underlying index: | S&P 500
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| Amount: | $3.6 million
|
| Maturity: | May 24, 2032
|
| Coupon: | 5.5% for each day that six-month Libor is at least zero but no more than 5% and the index closes at or above the reference level; payable quarterly
|
| Price: | Variable
|
| Payout at maturity: | Par
|
| Initial level: | 2,381.73, closing level on May 19
|
| Reference level: | 1,786.298, 75% of initial level
|
| Pricing date: | May 12
|
| Settlement date: | May 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61766YBL4
|
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