Published on 7/27/2005 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $6.34 million 0% notes linked to Dividend Index, S&P 500
New York, July 27 - Morgan Stanley priced $6.34 million 0% three-year notes linked to the iShares Dow Jones Select Dividend Index Fund and the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus the amount by which the Dividend Index Fund outperforms the S&P 500. If the S&P 500 is the top performer, the notes will pay par.
Morgan Stanley was underwriter.
| Issuer: | Morgan Stanley
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| Issue: | Equity-linked senior medium-term notes
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| Underlying indexes: | iShares Dow Jones Select Dividend Index Fund, S&P 500 index
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| Amount: | $6.34 million
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| Maturity: | July 22, 2008
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If Dividend Index Fund outperforms S&P 500, par plus amount of outperformance; otherwise par
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| Pricing date: | July 22
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| Settlement date: | July 27
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| Underwriter: | Morgan Stanley
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