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LONDON - Morgan Stanley B.V. announced Tuesday it will exercise its call option to redeem its USD 1.03 million notes linked to a basket of indices ahead of their original maturity date.
The notes, which were originally scheduled to mature in February 2026, will now 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 XS2862045627, were initially issued on August 7, 2024, with a one-and-a-half year term. The early redemption comes exactly one year after the original issue date.
Morgan Stanley & Co (NYSE:MS). International plc will deliver the redemption funds to Bank of New York Mellon (NYSE:BK) on the optional redemption date for distribution to noteholders.
The call notice was issued in accordance with Condition 26.7 of the notes’ terms and conditions. The company stated that the outstanding notional amount remains at the full USD 1.03 million.
The announcement was made through a formal issuer call notice based on a press release statement published via the London Stock Exchange (LON:LSEG)’s news service.
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