Published on 10/14/2004 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $5 million 0.25% notes exchangeable for AIG
New York, Oct. 14 - Morgan Stanley priced $5 million of five-year 0.25% notes exchangeable for the common stock of American International Group Inc., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Morgan Stanley
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| Issue: | Exchangeable senior medium-term notes
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| Underlying stock: | American International Group Inc.
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| Amount: | $5 million
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| Maturity: | Oct. 30, 2009
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| Coupon: | 0.25%
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| Price: | Par
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| Exchange premium: | 15.4% over $66.81 closing price on pricing date
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| Exchange price: | $77.11
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| Exchange ratio: | 12.9685, in cash or stock at Morgan Stanley's option
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| Call: | Oct. 30, 2006 at par, automatic exchange if more valuable
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 12
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| Underwriter: | Morgan Stanley
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