Morgan Stanley | 6.50% Depositary Shares Non-Cumulative Preferred Stock, Series P (MS.PRP)
Prospectus excerpt: Each of the 40,000,000 depositary shares offered hereby represents a 1/1,000th ownership interest in a share of perpetual 6.500% Non-Cumulative Preferred Stock, Series P (“Series P Preferred Stock”), liquidation preference $25,000 per share, of Morgan Stanley, deposited with The Bank of New York Mellon, as depositary. The depositary shares are evidenced by depositary receipts. As a holder of depositary shares, you are entitled to all proportional rights and preferences of the Series P Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. Holders of Series P Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our Board of Directors or a duly authorized committee of the Board. Any such dividends will be payable from the date of original issue on a non-cumulative basis, at a fixed rate per annum equal to 6.500%, quarterly in arrears on the 15th day of January, April, July and October of each year, commencing on October 15, 2022. Payment of dividends on the Series P Preferred Stock is subject to certain legal, regulatory and other restrictions as described elsewhere in this prospectus supplement.
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Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, Co. advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Co.'s segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides investment advisory services, brokerage services, financial and wealth planning services, stock plan administration, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products. Preferreds: MS.PRA, MS.PRE, MS.PRF, MS.PRG, MS.PRI, MS.PRK, MS.PRL, MS.PRO, MS.PRP Open the MS Information Page » |
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