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MS Structured Asset SATURNS 2004-02, 5.75% Goldman Sachs
Ticker Symbol: HJG*     CUSIP: 80411U207     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 8/07/2012

Security has been Called for:  Friday, August 17, 2012

August 2, 2012 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Group Inc. Debenture Backed Series 2004-2 (New York Stock Exchange Ticker Symbol “HJG”), announced today that it has received a notice of intent to acquire a combined Unit Principal Balance of 30,000,000 Class A Units and the equivalent Notional Amount of Class B Units held by the Trust, on August 17, 2012. The Warrants with respect to which the notice of intended exercise has been received represent 100% of the outstanding Bonds held by the Trust. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrant has not paid the required call price, the Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, then Class A Unitholders will receive the par value plus accrued interest of each Class A Unit and Class B Unitholders will receive accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement. ____________ October 20, 2010 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Group Inc. Debenture Backed Series 2004-2 (New York Stock Exchange Ticker Symbol “HJG”), announced today that it has received a notice of intent to acquire a combined Unit Principal Balance of 30,000,000 Class A Units and the equivalent Notional Amount of Class B Units (the “Bonds”) held by the Trust, on November 4, 2010. The Warrants with respect to which the notice of intended exercise has been received represent 50% of the outstanding Bonds held by the Trust. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrant has not paid the required call price, the Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, then Class A Unitholders will receive the par value ($25) plus accrued interest of each Class A Unit and Class B Unitholders will receive accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), Goldman Sachs Group Inc. Debenture Backed, Series 2004-2, 5.75% 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). Distributions of 5.75% ($1.4375) 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. On or after 2/11/2009 the units may be redeemed under the call rights of the swap agreement for $25 plus accrued and unpaid interest. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
5.75%
$1.4375
$25.00
$25.00
Called for
8/17/2012

2/15/2033
A3 A-
8/06/2012
2/15 & 8/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (GS)

IPO - 2/5/2004 - 2.40 Million Units @ $25.00/unit.    Link to IPO Prospectus
Market Value $60.0 Million

Company's Online Information Links
HOME PAGE:     http://www.morganstanley.com/

(This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC 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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