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MS Structured Asset SATURNS 2002-14, 6% GE Capital Corp. due 3/15/2032
Ticker Symbol: DKC*     CUSIP: 80410Y200     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 4/25/2011

Security has been Called for:  Monday, April 25, 2011

April 8, 2011 -- Structured Asset Trust Unit Repackagings (SATURNS), General Electric Capital Corporation Debenture Backed Series 2002-14 Trust (New York Stock Exchange Ticker Symbol “DKC”), announced today that it has received a notice of exercise notifying the Trust of the intended exercise of 100% of the outstanding Call Options representing the right to acquire 25,000 principal amount of the debentures (which represents 100% of the debentures held by the Trust), at a price equal to 100% of the principal amount of such debentures plus accrued interest for settlement on April 25, 2011. Under the terms of the Call Options, the exercise of the Call Options may be rescinded prior to the Intended Settlement Date, in which case settlement of the relevant Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If settlement of the Call Options occurs pursuant to the notice of exercise 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 present value of the Class B Unit Interest 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), General Electric Capital Corp. Debenture Backed, Series 2002-14, 6.00% Class A Callable Units, issued in $25 denominations. Underlying securities are the 6.75% Debentures due 3/15/2032 issued by General Electric Capital Corp., a wholly-owned subsidiary of General Electric Co. (NYSE: GE). The SATURNS are redeemable anytime at the issuer's option on 15 to 60 days notice at $25 plus accrued and unpaid interest. If redeemed prior to 11/14/2007 the holders may receive an additional amount of up to $2.50. Distributions are paid semi-annually on 3/15 & 9/15 to holders of record on 3/1 & 9/1. To be issued the units must be assigned a rating of at least AAA by S&P and Aaa 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. 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
6.00%
$1.50
$25.00
$25.00
Called for
4/25/2011

3/15/2032
Aa2 AA+
2/22/2011
3/15 & 9/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (GE)

IPO - 11/13/2002 - 1.00 Million Units @ $25.00/unit.    Link to IPO Prospectus
Market Value $25.0 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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