New Issue: Morgan Stanley prices $4.69 million floating-rate notes tied to SOFR

By Wendy Van Sickle

Columbus, Ohio, June 28 – Morgan Stanley priced $4.69 million of floating-rate notes due June 27, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be equal to SOFR. Interest will be payable quarterly and cannot be less than 3% or more than 4.25% per year.

The payout at maturity will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley
Issue:	Floating-rate notes
Underlying rate:	SOFR
Amount:	$4,685,000
Maturity:	June 27, 2025
Coupon:	SOFR with floor of 3% and cap of 4.25% per year, payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	June 23
Settlement date:	June 27
Agent:	Morgan Stanley & Co. LLC
Fees:	0.3%
Cusip:	61761J4P1

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