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LONDON - Morgan Stanley B.V. announced Tuesday it will redeem its EUR 1,050,000 notes linked to a basket of indices ahead of schedule, exercising its call option on the securities.
The notes, which were originally scheduled to mature in February 2026, will be redeemed on August 7, 2025, according to a company statement. Noteholders will receive 100 percent of the par value.
The securities, identified by ISIN code XS2862045973, were initially issued on August 7, 2024, with the full EUR 1,050,000 notional amount currently outstanding.
Morgan Stanley & Co (NYSE:MS). International plc will deliver the redemption payment to Bank of New York Mellon (NYSE:BK) on the optional redemption date.
The early redemption is being executed in accordance with Condition 26.7 of the notes’ terms and conditions, as stated in the issuer call notice published through the London Stock Exchange (LON:LSEG)’s news service.
The notes were issued in registered format and linked to a basket of indices. The company’s announcement indicated that the call notice is being made in conjunction with the offering circular dated June 29, 2018.
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