Published on 5/6/2003 in the Prospect News Convertibles Daily.
New Issue: Morgan Stanley prices $21.7 million 0.25% notes exchangeable for Cisco
New York, May 6 - Morgan Stanley issued $21.7 million 0.25% notes exchangeable for the common stock of Cisco Systems, Inc., according to a filing with the Securities and Exchange Commission.
| Issuer: | Morgan Stanley
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| Issue: | Exchangeable senior medium-term notes
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| Amount: | $21.7 million
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| Maturity: | May 15, 2010
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| Coupon: | 0.25%
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| Price: | Par
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| Exchange ratio: | 48.6088 shares of Cisco Systems, Inc. stock, payable in cash or stock
|
| Exchange price: | $20.57
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| Exchange premium: | 35.9%
|
| Call: | May 15, 2006 onwards at par or 48.6088 shares of Cisco Systems, Inc. common stock if worth more than par
|
| Underwriter: | Morgan Stanley
|
| Pricing date: | April 29
|
| Settlement: | May 6
|
| Cusip: | 617446JG5
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