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Morgan Stanley SPARQS 8% Archer-Daniels-Midland Co. due 4/20/2008
Ticker Symbol: AMA* CUSIP: 61750V477 Exchange: AMEX
* NOTE: This security is no longer trading as of 4/20/2008
QUANTUMONLINE.COM SECURITY DESCRIPTION: Morgan Stanley, 8% SPARQS (Stock Participation Accreting Redemption Quarterly-pay Securities), due 4/20/2008, mandatorily exchangeable at maturity for common stock of Archer-Daniels-Midland Co. (NYSE: ADM) unless called prior to maturity, and issued at $35.63 per SPARQS (the closing price of one share of Archer-Daniels-Midland common stock on 3/23/2007). The SPARQS pay 8.00% ($2.8504) per annum quarterly interest distributions on 7/20/2007, 10/20/2007, 1/20/2008 & 4/20/2008 to holders of record five calendar days prior to the payment date. The units are callable at Morgan Stanley’s option on or after 10/20/2007 for cash at a total maximum annual yield, including distributions, of 17% per annum. At maturity, if not previously called, the holder will receive one share of Archer-Daniels-Midland common stock for each SPARQS. See page 4 of the prospectus for hypothetical examples of the call price calculations. If on any date during the term of the SPARQS the price of Archer-Daniels-Midland common stock is less than $2.00 times the exchange ratio, the maturity date of the SPARQS will be accelerated and the shares of Archer-Daniels-Midland common stock will be delivered to the holders. The SPARQS are Global Medium-Term Notes, Series F, Senior Fixed Rate Notes which are senior unsecured debt securities issued by Morgan Stanley and will rank equally with their other unsecured and unsubordinated debt. See the IPO prospectus for further information on the SPARQS and their call and maturity provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (ADM)
IPO - 3/27/2007 - 1.22 Million Notes @ $35.63/note.
Link to IPO Prospectus
Market Value $43.5 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 1585 Broadway, New York, NY 10036 |
Main Phone Number |
212-761-4000 |
Fax Number |
212-761-0086 |
Investor Contact
William Pike
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212-761-0008
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Toll Free Phone Number |
800-733-2307 |
CEO - Philip J. Purcell |
CFO - Robert Scott |
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