By William Gullotti
Buffalo, N.Y., Feb. 23 – Morgan Stanley Finance LLC priced $20 million of floating-rate notes due March 22, 2025 linked to the one-year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be equal to the one-year U.S. Dollar SOFR ICE swap rate plus 60 basis points. Interest will be payable and reset monthly 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: | One-year U.S. Dollar SOFR ICE swap rate
|
| Amount: | $20 million
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| Maturity: | March 22, 2025
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| Coupon: | One-year U.S. Dollar SOFR ICE swap rate plus 60 bps with floor of 0.1%, payable and reset monthly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Feb. 15
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| Settlement date: | Feb. 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 61760QQC1
|
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