By Wendy Van Sickle
Columbus, Ohio, June 28 – Morgan Stanley Finance LLC priced $15 million of floating-rate notes due June 27, 2029 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to SOFR plus 137.5 basis points. Interest will be payable monthly and cannot be less than 0.1%.
The payout at maturity will be par.
Morgan Stanley guarantees the notes.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $15,001,000
|
| Maturity: | June 27, 2029
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| Coupon: | SOFR plus 137.5 bps with floor of 0.1%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 23
|
| Settlement date: | June 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.98%
|
| Cusip: | 61773QWC9
|
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