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LONDON - Morgan Stanley B.V. announced Tuesday it has exercised its right to call EUR 1,009,000 of notes linked to a basket of indices that were originally scheduled to mature in March 2026.
The notes, identified by ISIN XS2877165329, will be redeemed at 100 percent of par value on August 28, 2025, exactly one year after their original issue date, according to a company press release.
The securities were issued in registered format on August 28, 2024, with an initial maturity date of March 3, 2026. Morgan Stanley B.V. is calling the notes in accordance with Condition 26.7 of the Terms and Conditions of the Notes.
The noteholders will receive the Optional Redemption Amount, which is set at 100 percent of par. Morgan Stanley & Co. International plc will deliver the cash to Bank of New York Mellon on the Optional Redemption Date.
The announcement noted that the full outstanding notional amount of EUR 1,009,000 will be redeemed. The notes were linked to a basket of indices, though specific index details were not provided in the notice.
The issuer call notice references that the pricing supplement should be read in conjunction with the Offering Circular dated June 29, 2018, which contains complete information about the notes.
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