Convertible security fundamental change make-whole

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United States of America Patent

PATENT NO 7546260
APP PUB NO 20040236671A1
SERIAL NO

10857564

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Abstract

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A convertible security structured for issuance to at least one investor by an issuer. The convertible security includes a make-whole premium that is payable to the at least one investor upon conversion following occurrence of a fundamental change involving the issuer of at least one underlying security into which the convertible security is convertible, wherein the make-whole premium is determined by using a methodology established at one of prior to issuance and issuance of the convertible security that references a value of an option embedded in the convertible security.

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Patent Owner(s)

Patent OwnerAddress
MORGAN STANLEY SERVICES GROUP INC1633 BROADWAY NEW YORK NY 10019

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
McMurtray, Nathan New York, US 9 233
Savasoglu, Serkan New York, US 12 257
Woodruff, Kevin G New York, US 10 248

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