MS-K Morgan Stanley ADRs of Fixed-to-Floating Rate Non-Cumulative Preferred Series K

Dividends are payable on a non-cumulative basis on the 15th day of January, April, July and October of each year. A fixed rate per annum equal to 5.850% from the original issue date to, but excluding, April 15, 2027 and a floating rate per annum equal to the three-month U.S. dollar LIBOR on the related dividend determination date (as defined in the Preliminary Prospectus Supplement dated January 24, 2017) plus 3.491% from and including April 15, 2027. The issuer has the option to redeem the stock on or after April 15, 2027 at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends to, but excluding, the date fixed for redemption, without accumulation of any undeclared dividends.   This security was issued by Morgan Stanley, whose common stock symbol is MS.

$24.33  +0.09 (0.35%)
As of 03/27/2023 13:23:57 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Capital Markets
Index country:  USA
Country of incorporation:  USA
IPO date:  01/25/2017
Outstanding shares:  40,000,000
Average volume:  47,914
Market cap:   $1,000,000,000
Current dividend yield:  5.85%    calculation
Initial coupon rate:    5.850%
Spread to LIBOR: 0.034910
Cumulative:    No
Liquidation value:   $25.00
Callable after:   04/15/2027
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BYYYY81