Performance Equity-Linked Redemption Quarterly-Pay SecuritiesSM
Performance Equity-Linked Redemption Quarterly-Pay SecuritiesSM (PERQSSM)
Intermediate-term debt securities with a maturity value dependent on the value of the underlying stock to which the security is linked. PERQS pay fixed quarterly interest and represent debt of their issuers. These securities issued by Morgan Stanley represent debt of the issuer and are not subject to early redemption.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.