Quick Search
Top Banner

The Square.com outage affecting credit card contributions to QuantumOnline.com appears to have been resolved. Contact us directly by chat, email (qol@quantumonline.com), or phone (877) 536-4648 if you need assistance.
Register
quantumonline home Income Tables Income Lists Stock Lists Special Lists Investment Services Investment Information quantumonline home

MSDW Structured Asset SATURNS 2002-08, 9.25% AT&T Wireless
Ticker Symbol: MJZ*     CUSIP: 80410D206     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 2/07/2007

Security has been Called for:  Wednesday, February 7, 2007

January 30, 2007 -- Structured Asset Trust Unit Repackagings (SATURNS), AT&T Wireless Services, Inc. Debenture Backed Series 2002-8 Trust (New York Stock Exchange Ticker Symbol "MJZ"), announced today that a "Trust Wind Up Event" has occurred under the terms of the Trust Agreement governing the Trust and that the Trust will liquidate its assets and terminate. Settlement of a sale of the securities held by the Trust is expected to occur, and a liquidation distribution is expected to be made with respect to the Units of the Trust on or about February 7, 2007. The Trust Wind Up Event and requirement for termination of the Trust arose after AT&T Mobility LLC, the guarantor of the securities held by the Trust withdrew from listing on the New York Stock Exchange ("NYSE") certain of its previously listed bonds which had given rise to reporting obligations for AT&T Mobility LLC under the Securities Exchange Act of 1934 (the "Exchange Act"). AT&T Mobility LLC subsequently terminated its reporting obligations under the Exchange Act. As a result, the Depositor of the Trust would be unable to meet its Exchange Act reporting obligations in relation to the Trust, which circumstance constitutes a Trust Wind Up Event. Contact: LaSalle Bank National Association ABS Trust Services, Andy Streepey, 312-904-9387

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MS Structured Asset Corp., Structured Asset Trust Unit Repackagings (SATURNS), AT&T Wireless Debenture Backed, Series 2002-8, 9.25% Callable Units, issued in $25 denominations. Underlying securities are the 8.75% Debentures due 3/01/2031 issued by AT&T Wireless Services Inc., now merged into Cingular Wireless LLC, a joint venture between SBC Communications Inc., now AT&T Inc. (NYSE: T) and BellSouth Corp. (NYSE: BLS). Distributions of 9.25% ($2.3125) per annum are paid semi-annually on 3/1 & 9/1. On or after 7/11/2007 the units may be redeemed under the call rights of the swap agreement for $25 plus accrued and unpaid interest. If redeemed prior to 7/11/2007 the holders may receive an additional amount of up to $2.50 per unit (which includes any make-whole payment). To be issued the units must be assigned a rating of at least BBB by S&P and Baa2 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. 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
9.25%
$2.3125
$25.00
$25.00
Called for
2/07/2007

3/01/2031
Baa2 A
1/13/2006
3/1 & 9/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (T)

IPO - 7/5/2002 - 1.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Market Value $27.9 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

Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.


investment Links contact quantumonline guestbook
quantumonline supporters about quantumonline using quantumonline


QuantumOnline.com
Copyright © 1997 - 2024 QuantumOnline.com. All rights reserved.
Web page design latest update: 5/1/2024
Web page financial information is most recent information available and more recent than last web page design date.