Bond Morgan Stanley Financial 8.62% ( US61768CSK44 ) in USD

Issuer	Morgan Stanley Financial
Market price	79.25 % ⇌
Country	United States
ISIN code	US61768CSK44 ( in USD )
Interest rate	8.62% per year ( payment 2 times a year)
Maturity	29/10/2027
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Minimal amount	1 000 USD
Total amount	/
Cusip	61768CSK4
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Next Coupon	29/04/2026 ( In 27 days )
Detailed description	Morgan Stanley is a leading global financial services firm offering investment banking, securities, wealth management, and investment management services to corporations, governments, and individuals. This financial article provides a detailed analysis of a specific debt instrument issued by Morgan Stanley Finance, offering insights into its key characteristics and market positioning. The bond's issuer, Morgan Stanley Finance, is a crucial financing subsidiary of Morgan Stanley, one of the world's leading global financial services firms. Headquartered in New York, Morgan Stanley operates across various segments, including Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley Finance primarily serves as a vehicle for the parent company to raise capital through debt issuance, supporting its diverse operations, lending activities, and overall liquidity needs. As such, the creditworthiness of Morgan Stanley Finance is intrinsically linked to that of its parent company, Morgan Stanley, which maintains a strong presence in investment banking, sales and trading, asset management, and prime brokerage, serving corporations, governments, institutions, and individuals worldwide. Identified by the ISIN US61768CSK44 and CUSIP 61768CSK4, this particular security is a fixed-income bond, indicating a commitment by the issuer to pay regular interest payments and return the principal at maturity. The bond was issued in the United States and is denominated in United States Dollars (USD). It carries a stated annual interest rate (coupon) of 8.62%, with coupon payments made semi-annually (two times per year). The bond is set to mature on October 29, 2027, at which point the principal amount will be repaid to bondholders. Currently, the bond is trading on the market at 79.25% of its par value, indicating a significant discount. Investors considering this bond should note the minimum purchase size of 1,000 units, typically referring to a par value of USD 1,000 or increments thereof. The current market price of 79.25% suggests that the bond is trading below par, which implies that its yield to maturity (YTM) is higher than its stated coupon rate of 8.62%. This discount could be attributed to various factors, including changes in prevailing interest rates since issuance, shifts in the market's perception of the issuer's credit risk, or general market liquidity conditions. For investors, purchasing this bond at a discount means the effective return over its remaining life, considering both coupon payments and the capital gain realized at maturity, would exceed the nominal coupon rate.