Morgan Stanley (NYSE:MS) announced today that it set the reference price for its mandatory convertible securities. The mandatory convertible securities will be convertible at prices ranging from $48.0700 per share to $57.6840 per share. The shares of common stock underlying the convertible securities will not be issued until the exercise of the stock purchase contracts.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 33 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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