By Wendy Van Sickle
Columbus, Ohio, Sept. 4 – Morgan Stanley Finance LLC priced $2 million of floating-rate notes due Aug. 31. 2025 linked to the greater of the 30-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be equal to greater of the 30-year CMS rate and the two-year CMS rate. Interest will be payable quarterly and cannot be less than zero.
The payout at maturity will be par plus any coupon due.
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 rates: | 30-year Constant Maturity Swap rate and two-year Constant Maturity Swap rate
|
| Amount: | $2 million
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| Maturity: | Aug. 31, 2025
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| Coupon: | Greater of 30-year Constant Maturity Swap rate and two-year Constant Maturity Swap rate with floor of zero; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus any coupon due
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.25%
|
| Cusip: | 61766YDF5
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