American Stock Exchange Lists SPARQS Exchangeable for National Semiconductor Corporation
April 26 2004 - 12:55PM
PR Newswire (US)
American Stock Exchange Lists SPARQS Exchangeable for National
Semiconductor Corporation NEW YORK, April 26 /PRNewswire/ -- The
American Stock Exchange(R) (Amex(R)) today began trading Morgan
Stanley 10% Stock Participation Accreting Redemption Quarterly-pay
Securities ("SPARQS") mandatorily exchangeable for shares of common
stock of National Semiconductor Corporation. Trading under the
ticker symbol NSN, the 1.24 million shares of the new securities
were issued at $23.105 with a maturity date of May 15, 2005. At
maturity, holders will receive 0.50 shares of National
Semiconductor Corporation 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 NSN, 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:
Media - Jeanette Volpi of the American Stock Exchange,
+1-212-306-1650, Web site: http://www.amex.com/
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