By William Gullotti
Buffalo, N.Y., April 15 – Morgan Stanley Finance LLC priced $7 million of floating-rate notes due April 15, 2031 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to SOFR plus 100 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
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
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| Amount: | $7 million
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| Maturity: | April 15, 2031
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| Coupon: | SOFR plus 100 bps with floor of 0.1%, payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | April 8
|
| Settlement date: | April 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61774FDW9
|
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