Amex Lists Reset PERQS(SM) Linked to Qualcomm, Inc.

New $31 Million Issue From Morgan Stanley Dean Witter Offers Investors

Shares of Qualcomm, Inc. Common Stock at Maturity



Apr 16, 2001, 01:00 ET from The American Stock Exchange

    NEW YORK, April 16 /PRNewswire/ -- The American Stock Exchange today began
 trading Morgan Stanley Dean Witter & Co. 15% Reset Perfomance Equity-linked
 Redemption Quarterly-pay Securities  (Reset PERQS(SM)), mandatorily
 exchangeable for shares of the common stock of Qualcomm, Inc. at maturity.
 Trading under the symbol RQU, the $31 million listing consists of 1.2 million
 Reset PERQS issued at $26.50, with a maturity date of April 30, 2002.
     Reset PERQS are similar to other debt securities and make fixed quarterly
 interest payments, in this case at an annual rate of 15% on the
 $26.50 principal amount of each Reset PERQS beginning July 30, 2001
 (equivalent to $3.975 per annum).  Unlike ordinary debt securities, the Reset
 PERQS do not guarantee the return of principal at maturity.  In addition,
 Reset PERQS are unique in that:
 
      -- At maturity, holders of the Reset PERQS will exchange each
         $26.50 principal amount of Reset PERQS for a number of shares of
         common stock of Qualcomm, Inc. determined by the applicable Exchange
         Ratio.
      -- The initial Exchange Ratio is one-half of a share of Qualcomm, Inc.
         per Reset PERQS and may be subject to adjustment if the price of
         Qualcomm, Inc. exceeds the First Year or Second Year Cap Prices.
      -- The maximum principal amount payable at maturity is $40.7464 per Reset
         PERQS, a 153.76% cap on the issue price of RQU.
 
     Qualcomm, Inc. common stock is traded on the Nasdaq Stock Market under the
 ticker symbol QCOM.  Qualcomm, Inc. is not affiliated with the issuer nor
 involved with this offering in any way.
     For further information on RQU, please contact the Capital Markets Group
 at the American Stock Exchange at 212-306-1659.
 
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that
 offers trading across a full range of equities, Exchange Traded Funds (ETFs),
 including structured products and HOLDRS(SM), and options. In addition to its
 role as a national equities market, the Amex is the leader in ETF listings,
 listing 97 ETFs to date, and is the second-largest options exchange in the
 U.S., trading options on broad-based and sector indexes as well as domestic
 and foreign stocks. For more information, visit http://www.amex.com.
 
 

SOURCE The American Stock Exchange
    NEW YORK, April 16 /PRNewswire/ -- The American Stock Exchange today began
 trading Morgan Stanley Dean Witter & Co. 15% Reset Perfomance Equity-linked
 Redemption Quarterly-pay Securities  (Reset PERQS(SM)), mandatorily
 exchangeable for shares of the common stock of Qualcomm, Inc. at maturity.
 Trading under the symbol RQU, the $31 million listing consists of 1.2 million
 Reset PERQS issued at $26.50, with a maturity date of April 30, 2002.
     Reset PERQS are similar to other debt securities and make fixed quarterly
 interest payments, in this case at an annual rate of 15% on the
 $26.50 principal amount of each Reset PERQS beginning July 30, 2001
 (equivalent to $3.975 per annum).  Unlike ordinary debt securities, the Reset
 PERQS do not guarantee the return of principal at maturity.  In addition,
 Reset PERQS are unique in that:
 
      -- At maturity, holders of the Reset PERQS will exchange each
         $26.50 principal amount of Reset PERQS for a number of shares of
         common stock of Qualcomm, Inc. determined by the applicable Exchange
         Ratio.
      -- The initial Exchange Ratio is one-half of a share of Qualcomm, Inc.
         per Reset PERQS and may be subject to adjustment if the price of
         Qualcomm, Inc. exceeds the First Year or Second Year Cap Prices.
      -- The maximum principal amount payable at maturity is $40.7464 per Reset
         PERQS, a 153.76% cap on the issue price of RQU.
 
     Qualcomm, Inc. common stock is traded on the Nasdaq Stock Market under the
 ticker symbol QCOM.  Qualcomm, Inc. is not affiliated with the issuer nor
 involved with this offering in any way.
     For further information on RQU, please contact the Capital Markets Group
 at the American Stock Exchange at 212-306-1659.
 
     The American Stock Exchange(R), a subsidiary of the National Association
 of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that
 offers trading across a full range of equities, Exchange Traded Funds (ETFs),
 including structured products and HOLDRS(SM), and options. In addition to its
 role as a national equities market, the Amex is the leader in ETF listings,
 listing 97 ETFs to date, and is the second-largest options exchange in the
 U.S., trading options on broad-based and sector indexes as well as domestic
 and foreign stocks. For more information, visit http://www.amex.com.
 
 SOURCE  The American Stock Exchange