PERQS


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PERQS

Debt securities, issued by Morgan Stanley, with a maturity value linked to the value of the underlying stock to which the security is linked. PERQS are convertible into the underlying stock, and pay fixed quarterly interest rates (the dollar value of which depends on the value of the underlying). Unlike some other debt securities, they are not redeemable early.
References in periodicals archive ?
ADRs per Reset PERQS and may be subject to adjustment if the price of
For further information on Reset PERQS, please contact the Capital Markets Group at the American Stock Exchange at 212-306-1659.
15 principal amount of Convertible Note PERQS for a number of
Convertible Note PERQS and may be adjusted downward if the price of
For further information on Convertible Note PERQS, please contact the Capital Markets Group at the American Stock Exchange at 212-306-1659.
00 closing level market price of QUALCOMM Incorporated Common Stock on August 3, 1999, the date the Reset PERQS were priced.
million PERQS and has a principal value of $168 million.
Telebras PERQS are similar to other debt instruments in that they pay