Published on 3/31/2004 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $5.25 million 1.5% notes exchangeable for Wal-Mart
New York, March 31 - Morgan Stanley priced $5.25 million of 1.5% notes exchangeable for the common stock of Wal-Mart Stores Inc., according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Morgan Stanley
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| Issue: | Exchangeable medium-term notes
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| Underlying stock: | Wal-Mart Stores Inc.
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| Amount: | $5.25 million
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| Maturity: | June 30, 2011
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| Coupon: | 1.5%
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| Price: | Par
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| Yield: | 1.5%
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| Exchange ratio: | 13.13127 shares of Wal-Mart Stores Inc. stock, payable in cash or stock
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| Call: | April 1, 2005 onwards at 103, then declining premium, or 13.13127 shares of Wal-Mart common stock if worth more
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| Underwriter: | Morgan Stanley
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Listing: | "MWB.A" on American Stock Exchange
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