The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley 10% Stock Participation Accreting Redemption Quarterly-pay Securities(SM) (“SPARQS”) based on Apple Computer, Inc., common stock.
Priced at $10.7075 with an initial offer size of $16,596,625, this equity trades under the ticker symbol ALR and has a maturation date of April 15, 2006.
The notes are issued by Morgan Stanley. The Amex specialist unit is AIM Securities.