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LONDON - Morgan Stanley B.V. announced Friday it will exercise its call option on $1.5 million of notes linked to a basket of indices, redeeming them ahead of their original maturity date.
The notes, identified by ISIN code XS2877300637, will be called in whole effective July 14, 2025, according to a notice issued by the company. Noteholders will receive 100 percent of par value as the redemption amount.
The securities were originally issued on September 11, 2024, with a scheduled maturity date of September 11, 2025. By exercising the call option, Morgan Stanley is redeeming the notes approximately two months before their original maturity date.
The redemption cash will be delivered by Morgan Stanley & Co (NYSE:MS). International plc to Bank of New York Mellon (NYSE:BK) on the optional redemption date.
The notes were issued in registered format and have maintained their full $1.5 million notional amount outstanding since issuance.
This action was taken in accordance with Condition 26.7 of the Terms and Conditions of the Notes, as stated in the issuer call notice. The notice indicates that the pricing supplement should be read alongside the Offering Circular dated June 29, 2018, for complete information on the notes.
The announcement was made through a Regulatory News Service (RNS) filing, the news service of the London Stock Exchange (LON:LSEG).
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