Morgan Stanley launches $4 bln 2-part note sale

NEW YORK, May 9 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) launched a $4 billion two-part note sale, with pricing expected later on Friday, said International Financing Review.

The sale includes $2 billion of two-year floating-rate notes expected to have a coupon rate of 210 basis points over the three-month London Interbank Offered Rate, said IFR, a publication of Thomson Reuters.

The sale also includes $2 billion of seven-year notes expected to yield 287.5 basis points over U.S. Treasuries. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama)