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MS Structured Asset SATURNS 2003-06, 6% Goldman Sachs Deb
Ticker Symbol: DKP* CUSIP: 80411D106 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/31/2012
Security has been Called for: Tuesday, July 31, 2012
7/17/2012 -- Effective immediately,the SATURNS Goldman Sachs Group Debenture Backed Series 2003-6, 6.00% Class A Callable Units of MS STRUCTURED ASSET CORP shall be dealt in as called issues (DKP CL). This issue will be called for redemption on July 31, 2012 at $25.00 per share plus any accrued dividends/distributions. ____________ October 15, 2010 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Group Debenture Backed Series 2003-6 (New York Stock Exchange Ticker Symbol “DKP”), announced today that it has received a notice of intent to exercise 55,000 Call Options representing the right to call $55,000,000 aggregate principal amount of the 6.125% Debentures of Goldman Sachs Group, Inc. held by the Trust, on November 1, 2010. The Call Options with respect to which the notice of intended exercise has been received represent 68.75% of the outstanding Bonds held by the Trust. Under the terms of the Call Options, the party exercising the Call Options may rescind its notice of exercise at any time prior to the Intended Settlement Date by providing notice of rescission to the Trust, in which case settlement of such Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If the notice of exercise is not rescinded and settlement of the Call Options actually occurs on the Intended Settlement Date, the Trust Agreement provides that Units will be randomly selected for redemption at par ($25) plus accrued interest from the available proceeds of the settlement of the Call Options.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), Goldman Sachs Group Debenture Backed, Series 2003-6, 6.00% Class A Callable Units, issued in $25 denominations. Underlying securities are the 6.125% Debentures due 2/15/2033 issued by Goldman Sachs Group Inc. (NYSE: GS). The underlying securities may be redeemed anytime in connection with a self tender. If redeemed by the underlying issuer prior to 4/08/2008 the holder may receive an additional distribution of up to $2.50 per unit (including any make whole amount). If redeemed prior to 4/3/2008 in connection with a self tender by the issuer the holders will receive an additional amount of $1.50 per unit. On or after 4/03/2008 the units may be redeemed under the call rights of the swap agreement for $25 plus accrued and unpaid interest. Distributions of 6.00% ($1.50) per annum are paid semi-annually on 2/15 & 8/15 to holders of record on the third business day prior to the payment date. To be issued the units must be assigned a rating of at least BBB- by S&P and Baa3 by Moody's. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. On 11/8/02 MSDW Structured Asset Corp. changed their name to MS Structured Asset Corp. MS Structured Asset Corp. is a subsidiary of Morgan Stanley (NYSE: MS). See the IPO prospectus for further information on the SATURNS by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GS)
IPO - 4/2/2003 - 3.20 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $80.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Address and Phone Numbers |
Address: 1585 Broadway, New York, NY 10036 |
Main Phone Number |
212-761-4000 |
Fax Number |
Not Available |
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