Published on 4/29/2005 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $15.5 million notes linked to Dow Jones Industrial Average
New York, April 29 - Morgan Stanley priced $15.5 million of two-year Performance Leveraged Upside Securities linked to the Dow Jones Industrial Average, according to a 424B3 filing with the Securities and Exchange Commission.
Issuer: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities (PLUS) senior notes
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Underlying index: | Dow Jones Industrial Average
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Amount: | $15.5 million
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Maturity: | April 30, 2007
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus twice return on the Dow Jones Industrial Average, capped at $12.10; if index return is negative, par minus return on the Dow Jones Industrial Average
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Pricing date: | April 22
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Settlement date: | April 29
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Underwriter: | Morgan Stanley
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Listing: | "DJL" on American Stock Exchange
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