Published on 6/27/2005 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $12 million 0.5% notes linked to S&P 500
New York, June 27 - Morgan Stanley priced $12 million 0.5% six-year capital-protected notes linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, investors receive par plus the gain on the index from its initial value, averaged over six annual recording dates.
Morgan Stanley was underwriter.
| Issuer: | Morgan Stanley
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| Issue: | Capital-protected senior medium-term notes
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| Underlying index: | S&P 500
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| Amount: | $12 million
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| Maturity: | June 30, 2011
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| Coupon: | 0.5%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus average return on index above initial value based on performance at June 30, 2006, June 30, 2007, June 30, 2008, June 30, 2009, June 30, 2010 and June 28, 2011
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Underwriter: | Morgan Stanley
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| Listing: | "NPS" on American Stock Exchange
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