LONDON - Morgan Stanley B.V. has announced the early redemption of its non-discretionary callable notes due September 11, 2025, with an aggregate notional amount of $200,000. The financial institution notified note holders that the redemption will occur on December 11, 2024, in line with Condition 21.5 of the notes' terms and conditions.
The notes, identified by ISIN XS2877302096, were initially issued on September 18, 2024, with an original maturity date set for September 2025. However, the issuer has opted to exercise its right to call the notes early, a decision that will see note holders receive the optional redemption amount equivalent to the outstanding notional value.
Morgan Stanley & Co (NYSE:MS). International plc will facilitate the delivery of the $200,000 cash redemption to the Bank of New York Mellon (NYSE:BK) on the specified redemption date. This move will conclude the lifecycle of these particular financial instruments a year ahead of their scheduled maturity.
The original issuance of the notes was part of a broader offering detailed in an Offering Circular dated June 29, 2018. For those seeking further information on the issuer, the guarantor, and the offer of the notes, the Offering Circular, in conjunction with this Pricing Supplement, provides full details. The documents are available at the offices of Morgan Stanley & Co. International plc in Canary Wharf, London, and have also been published on the websites of Euronext (EPA:ENX) Dublin and the Luxembourg Stock Exchange.
This early redemption announcement is based on a press release statement and is intended for informational purposes. It does not constitute financial advice or an endorsement of the notes or Morgan Stanley B.V. Noteholders and interested parties are advised to seek further information directly from Morgan Stanley for any additional details.
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