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MS Structured Asset SATURNS 2004-05, 5.875% BellSouth Debentures
Ticker Symbol: HJK* CUSIP: 80411M106 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/07/2007
Security has been Called for: Wednesday, February 7, 2007
2/7/2007 -- (From a QOL user) Headsup! Just received notice of called bond, HJK, SATURNS, BellSouth, 5.875%. Called 02/07/07.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), BellSouth Debenture Backed, Series 2004-5, 5.875% Class A Callable Units, issued in $25 denominations. Underlying securities are the 6.875% Debentures due 10/15/2031 issued by BellSouth Corp. (NYSE: BLS). Distributions of 5.875% ($1.46875) per annum are paid semi-annually on 4/15 & 10/15 to holders of record on the third business day prior to the payment date. On or after 3/11/2009 the units may be redeemed under the call rights of the call warrants 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. 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 (T)
IPO - 3/10/2004 - 1.36 Million Units @ $25.00/unit.
Link to IPO Prospectus
Market Value $34.0 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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