Published on 5/29/2003 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $37 million 0% notes linked to Intel
New York, May 29 - Morgan Stanley priced $37 million of 0% stock participation notes linked to Intel Corp., according to a filing with the Securities and Exchange Commission.
| Issuer: | Morgan Stanley
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| Issue: | Stock participation medium-term notes
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| Amount: | $37 million
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| Maturity: | Dec. 30, 2010
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Product of quarterly performance of Intel Corp. stock over term of notes; maximum quarterly performance of 14.25% increase; minimum of 115% of principal at maturity (equivalent to 1.86% yield)
|
| Underwriter: | Morgan Stanley
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| Listing: | "ITM.A" on American Stock Exchange
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| Pricing date: | May 22
|
| Settlement: | May 28
|
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