The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley 8% Stock Participation Accreting Redemption Quarterly-pay Securities(SM) (“SPARQS”) based on Valero Energy Corp. common stock.
Priced at $17.2575 with an initial offer size of $1,840,000 million, this equity trades under the ticker symbol ERV and has a maturation date of April 15, 2006.
The notes are issued by Morgan Stanley. The Amex specialist unit is AGS/STR/OTA.