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MSDW Structured Asset SATURNS 2002-11, 6.00% AIG Capital
Ticker Symbol: MKS*     CUSIP: 804105203     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 4/15/2013

Security has been Called for:  Friday, March 1, 2013

February 27, 2013 -- Structured Asset Trust Unit Repackagings (SATURNS), AIG Capital Security Backed Series 2002-11 (New York Stock Exchange Ticker Symbol “MKS”), announced today that it has received a notice of intent to exercise 39,332 Call Options representing the right to call $39,332,000 aggregate principal amount of the 7.570% American General Institutional Capital A trust preferred capital securities due December 1, 2045 held by the Trust. The Call Options are being exercised with respect to Debentures held by the Trust as to which the issuer of the Debentures has given notice of its intention to redeem or notice of a self-tender. The Call Options with respect to which the notice of intended exercise has been received represent 100% of the outstanding Debentures 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 date of the settlement of the sale of the Debentures by the Trust, which is expected to be March 1, 2013, 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 If the notice of exercise is not rescinded and settlement of the Call Options actually occurs on the Settlement Date, the Trust Agreement provides that all outstanding Units will be redeemed on the Settlement Date at par ($25.00) plus accrued interest from the available proceeds of the settlement of the Call Options.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MSDW Structured Asset Corp., Structured Asset Trust Unit Repackagings (SATURNS), AIG Capital Security Backed, Series 2002-11, 6.00% Class A Callable Units, issued in $25 denominations. Underlying securities are the 7.57% Trust Preferred Capital Securities due 12/01/2045 issued by American General Institutional Capital A and guaranteed by American General Corp., a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG), redeemable anytime at the issuer's option on 30 to 60 days notice at $25 per share plus accrued and unpaid interest. If redeemed prior to 12/28/2007 the holders may receive an additional amount of $1.50. Distributions are paid semi-annually on 6/1 & 12/1 to holders of record on 5/15 & 11/15. The company has the right, at any time, to defer interest payments for up to 10 consecutive semi-annual periods (see prospectus for details). The security issuer's only assets are the 7.57% Junior Subordinated Deferral Interest Debentures due 12/01/2045. To be issued the units must be assigned a rating of at least AA by S&P and Aa1 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. See the IPO prospectus for further information on the SATURNS by using the link 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
6.00%
$1.50
$25.00
$25.00
Called for
3/01/2013

12/01/2045
Baa2 BBB
3/05/2013
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (AIG)

IPO - 10/25/2002 - 1.57 Million Units @ $25.00/unit.    Link to IPO Prospectus
Market Value $39.3 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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