By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Morgan Stanley Finance LLC priced $20 million of floating-rate notes due Dec. 1, 2028 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to SOFR plus 110 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
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Guarantor: | Morgan Stanley
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $20 million
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Maturity: | Dec. 1, 2028
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Coupon: | SOFR plus 110 bps with floor of 0.1%, payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Nov. 29
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Settlement date: | Dec. 1
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.8%
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Cusip: | 61774FCZ3
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