Morgan Stanley today announced that Morgan Stanley Capital Trust III will redeem all of the issued and outstanding $880,000,000 aggregate liquidation amount of its 6.25% Capital Securities (the “Capital Trust III Capital Securities”) (CUSIP 617460209; NYSE: MWR) on August 18, 2016 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust III Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust III Capital Security plus $0.334201 accumulated but unpaid distributions to but excluding the redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital Trust IV will redeem all of the issued and outstanding $620,000,000 aggregate liquidation amount of its 6.25% Capital Securities (the “Capital Trust IV Capital Securities”) (CUSIP 617462205; NYSE: MWG) on August 18, 2016 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust IV Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust IV Capital Security plus $0.203993 accumulated but unpaid distributions to but excluding the redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital Trust V will redeem all of the issued and outstanding $500,000,000 aggregate liquidation amount of its 5.75% Capital Securities (the “Capital Trust V Capital Securities”) (CUSIP 617466206; NYSE: MWO) on August 18, 2016 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust V Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust V Capital Security plus $0.131771 accumulated but unpaid distributions to but excluding the redemption date.
Morgan Stanley also today announced that Morgan Stanley Capital Trust VIII will redeem all of the issued and outstanding $825,000,000 aggregate liquidation amount of its 6.45% Capital Securities (the “Capital Trust VIII Capital Securities”) (CUSIP 61753R200; NYSE: MSK) on August 3, 2016 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust VIII Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust VIII Capital Security plus $0.080625 accumulated but unpaid distributions to but excluding the redemption date.
The Capital Trust III Capital Securities, the Capital Trust IV Capital Securities, the Capital Trust V Capital Securities and the Capital Trust VIII Capital Securities are being redeemed, along with the common securities issued by Morgan Stanley Capital Trust III, Morgan Stanley Capital Trust IV, Morgan Stanley Capital Trust V and Morgan Stanley Capital Trust VIII and held by Morgan Stanley, as a result of the concurrent redemption in their entirety of the junior subordinated debentures that underlie the Capital Trust III Capital Securities, the Capital Trust IV Capital Securities, the Capital Trust V Capital Securities and the Capital Trust VIII Capital Securities, respectively.
Beginning on the applicable redemption date, the Capital Trust III Capital Securities, the Capital Trust IV Capital Securities, the Capital Trust V Capital Securities and the Capital Trust VIII Capital Securities will no longer be considered outstanding and distributions will cease to accumulate on such securities.
The Bank of New York Mellon, 101 Barclay Street, New York, New York 10286, is the paying agent for the Capital Trust III Capital Securities, the Capital Trust IV Capital Securities, the Capital Trust V Capital Securities and the Capital Trust VIII Capital Securities.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.