New Issue: Morgan Stanley prices $15.44 million 6.25% Sparqs exchangeable for Newmont Mining

New York, April 30 - Morgan Stanley priced $15.44 million of 6.25% Sparqs (Stock Participation Accreting Redemption Quarterly-pay Securities) that are mandatorily exchangeable for the common stock of Newmont Mining Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Morgan Stanley
Issue:	Sparqs (Stock Participation Accreting Redemption Quarterly-pay Securities) senior medium-term notes
Underlying stock:	Newmont Mining Corp.
Amount:	$15.443 million
Maturity:	May 15, 2005
Coupon:	6.25%, payable quarterly
Price:	Par of $10.10 (equal to one quarter of closing price of Newmont Mining stock on pricing date)
Exchange ratio:	0.25 (mandatory, at maturity)
Call:	Oct. 30, 2004 onwards at price to give yield to call of 17%
Pricing date:	April 23
Settlement date:	April 30
Underwriter:	Morgan Stanley
Listing:	"NEH" on American Stock Exchange

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.