New York, Feb. 19 – Morgan Stanley Finance LLC priced $5 million of step-up non-callable notes due Feb. 23, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3.5% in years one through five, 3.75% in years six and seven, 4% in year eight, 4.25% in year nine and 5% in year 10. Interest is payable semiannually.
The payout at maturity will be par.
The notes are non-callable.
Morgan Stanley is the agent.
The notes are guaranteed by Morgan Stanley.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Step-up notes
|
| Amount: | $5 million
|
| Maturity: | Feb. 23, 2026
|
| Coupon: | 3.5% in years one through five, 3.75% in years six and seven, 4% in year eight, 4.25% in year nine and 5% in year 10; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Non-callable
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 22
|
| Agent: | Morgan Stanley
|
| Fees: | 0.5%
|
| Cusip: | 61767BAA8
|
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