Morgan Stanley Announces Redemption of Cushing® MLP High Income Index Exchange Traded Notes

Rhea-AI Summary

Morgan Stanley (NYSE: MS) announced the redemption of its outstanding Cushing® MLP High Income Index ETNs due March 21, 2031 (CUSIP: 61760E846). The call notice was released via The Depository Trust Company. The call settlement amount will be determined over a five index-business day period starting May 28, 2021, with payments made to investors on June 9, 2021. The last trading day for the ETNs is expected to be June 8, 2021. Other structured notes and debt securities issued by Morgan Stanley are unaffected by this redemption.

Morgan Stanley (NYSE: MS) announced today that it will redeem all of its outstanding Cushing® MLP High Income Index ETNs due March 21, 2031 with a CUSIP of 61760E846 (NYSE Arca: MLPY) (the “ETNs”). Morgan Stanley released today the call notice via The Depository Trust Company. The call settlement amount of the ETNs will be determined over a five index-business day period beginning on May 28, 2021 (the “call measurement period”) and will be paid to the investors on June 9, 2021, the third business day after the call measurement period. Accordingly, the last day of trading for each ETN is expected to be June 8, 2021.

Other structured notes and debt securities issued by Morgan Stanley are not affected by this redemption.

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210521005456/en/

FAQ

What are the details of Morgan Stanley's ETN redemption announced on May 21, 2021?

Morgan Stanley will redeem all outstanding Cushing® MLP High Income Index ETNs due March 21, 2031 with a call settlement determined from May 28 to June 8, 2021, and payments made on June 9, 2021.

When will the last day of trading for Morgan Stanley's ETNs be?

The last day of trading for the Cushing® MLP High Income Index ETNs is expected to be June 8, 2021.

How will investors receive their payments for the redeemed ETNs?

Investors will receive their payments on June 9, 2021, after the call measurement period.

Are any other Morgan Stanley securities affected by this ETN redemption?

No, other structured notes and debt securities issued by Morgan Stanley are not affected by this redemption.