American Stock Exchange Lists SPARQS Linked to Corning, Inc.
February 20 2004 - 12:36PM
PR Newswire (US)
American Stock Exchange Lists SPARQS Linked to Corning, Inc. NEW
YORK, Feb. 20 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today began trading Morgan Stanley 7% Stock Participation
Accreting Redemption Quarterly-pay Securities ("SPARQS")
mandatorily exchangeable for shares of common stock of Corning,
Inc. Trading under the ticker symbol GLS, the 2.35 million shares
of the new securities were issued at $13.01 with a maturity date of
March 1, 2005. At maturity, holders will receive one share of
Corning, Inc. common stock in exchange for each SPARQS, subject to
the issuer's right to call the SPARQS for the cash call price. The
issuer is Morgan Stanley and the Amex specialist unit for the new
listing is AIM Securities/Aegis Joint Account. If you would like to
receive a copy of the prospectus for GLS, please contact the
Capital Markets Group at the American Stock Exchange at (212)
306-1659. The American Stock Exchange(R) (Amex(R)) is the only
primary exchange that offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 138
ETFs. The Amex is also one of the largest options exchanges in the
U.S., trading options on broad-based and sector indexes as well as
domestic and foreign stocks. For more information, please visit
http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT:
Lynn Teresky of the American Stock Exchange, +1-212-306-1654, Web
site: http://www.amex.com/
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