American Stock Exchange Lists SPARQS Linked to Yahoo! Inc.

American Stock Exchange Lists SPARQS Linked to Yahoo! Inc. 


NEW YORK, Oct. 27  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading Morgan Stanley 8% Stock Participation Accreting Redemption
Quarterly-pay Securities ("SPARQS") mandatorily exchangeable for shares of
common stock of Yahoo! Inc.  Trading under the ticker symbol SDY, the 1.22
million shares of the new securities were issued at $20.26 with a maturity date
of October 30, 2004.

At maturity, holders will receive one-half share of Yahoo! Inc. on common stock
in exchange 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
AIM Securities/Aegis Joint Account.

If you would like to receive a copy of the prospectus for SDY, please contact
the Capital Markets Group at the American Stock Exchange at [phone].

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 HOLDRS(SM).  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 126 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:  Lynn Teresky of American Stock Exchange, [phone],

 



Web site:  http://www.amex.com/ 

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