By William Gullotti
Buffalo, N.Y., June 20 – Morgan Stanley Finance LLC priced $10 million of floating-rate notes due June 20, 2030 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to SOFR plus 160 basis points. Interest will be payable quarterly 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: | $10 million
|
| Maturity: | June 20, 2030
|
| Coupon: | SOFR plus 160 bps with floor of 0.1%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 61774FCE0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
