Sparqs Exchangeable For Common Stock OF Qualcomm Inc. (AMEX:QSQ)
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American Stock Exchange Lists SPARQS Linked to Qualcomm Inc.
NEW YORK, Oct. 25 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading Morgan Stanley 6% Stock Participation Accreting Redemption
Quarterly-pay Securities ("SPARQS") mandatorily exchangeable for common shares
of Qualcomm Inc. Trading under the ticker symbol QSQ, the new securities were
issued at $10.50 with a maturity date of November 1, 2005.
At maturity, holders will receive one-quarter share of Qualcomm Inc. common
stock for each SPARQS, subject to the issuer's right to call the SPARQS for the
cash call price.
The issuer is Morgan Stanley and the Amex specialist unit for the new listing
is Wolverine Trading LLP.
If you would like to receive a copy of the prospectus for QSQ, please contact
the Capital Markets Group at the American Stock Exchange at (212) 306-1659.
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRSsm. In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 149 ETFs. The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. For more information,
please visit http://www.amex.com/.
DATASOURCE: The American Stock Exchange
CONTACT: Dan Charnas of American Stock Exchange, +1-212-306-1654, or
Web site: http://www.amex.com/