AMEX lists $9 million issue linked to common stock of 6 companies
[Includes ASND]
SOURCE: American Stock Exchange
Amex Lists $9 Million Issue Linked to Common
Stock Of Six Telecommunications Companies
New Morgan Stanley Dean Witter Exchangeable
Notes Due April 15, 2005
NEW YORK, April 7 /PRNewswire/ -- The American Stock Exchange
today began trading Morgan Stanley Dean Witter & Co. 1%
Exchangeable Notes. Trading under the ticker symbol TBB.A, the
seven-year, $9 million debt issue will mature on April 15, 2005.
The Notes, which have a face value of $1,000, make two payments per
year totaling $10, or 1% of the Face Value. At maturity, holders of TBB.A
will receive either shares in a basket of six telecommunications stocks, or
the Face Value. If at maturity, the Issuer elects to deliver the basket of
stocks, the stocks will be delivered in the following proportion:
Issuer of Ticker % of
Basket Stock Basket Value
Ascend Communications, Inc. ASND 20%
Telefonaktiebolget LM ERICY 10%
Ericsson
Lucent Technologies Inc. LU 20%
Nokia Corporation ADR "A" NOK.A 10%
Tellabs, Inc. TLAB 20%
WorldCom, Inc. WCOM 20%
The Medium-Term Notes were issued by Morgan Stanley Dean Witter
& Co. The sole underwriter for the Notes is Morgan Stanley Dean Witter.
The Amex specialist unit for TBB.A is Spear, Leeds & Kellogg.
The Amex is a leader in listing hybrid debt instruments, as well as
warrants on foreign currencies, indexes and other structured products.
Visit Amex web site located at amex.com
SOURCE: American Stock Exchange |
