XXXXXX XXXXXXX
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03/18/2002 11:15:14 CARVE Version 661.0 /u/xxxxxx/deal/MSDWC_2002-HQ/20020313/hq.0313.carve
MSDWCI MS SERIES 2002-HQ CLASS X2
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Class X2 Settlement Date 03/27/2002 Coupon -1.00000 Cusip N/A
Original Balance 1.00 Dated Date 03/01/2002 Delay 14 Yield Table Date 03/18/2002
Current Balance 615,958,000.00 First Payment Date 04/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/AAA Next Payment Date 04/15/2002 Orig Deal Size 845,945,104.00 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 615958000.00000000 Interest Freq Monthly Deal Age 0
TRIGGER OPTIONAL CALL YES OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES
PREPAY (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100
DEFAULT CDR 7 CDR 8 CDR 9 CDR 10
ADVANCES YES YES YES YES
RECV MNTH 18 18 18 18
LOSSES 0.35 0.35 0.35 0.35
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PRICE / YIELD
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4/12 8.76 8.70 8.58 8.39
4/13 8.48 8.42 8.30 8.11
4/14 8.20 8.14 8.02 7.83
4/15 7.93 7.87 7.74 7.56
4/16 7.66 7.60 7.47 7.29
4/17 7.39 7.33 7.20 7.02
4/18 7.13 7.06 6.94 6.75
4/19 6.87 6.80 6.67 6.49
4/20 6.61 6.54 6.42 6.23
4/21 6.35 6.29 6.16 5.97
4/22 6.10 6.03 5.90 5.72
4/23 5.85 5.78 5.65 5.47
4/24 5.60 5.54 5.41 5.22
4/25 5.36 5.29 5.16 4.97
4/26 5.11 5.05 4.92 4.73
4/27 4.87 4.81 4.68 4.49
4/28 4.64 4.57 4.44 4.25
4/29 4.40 4.34 4.20 4.01
4/30 4.17 4.10 3.97 3.78
4/31 3.94 3.87 3.74 3.55
5/00 3.71 3.65 3.51 3.32
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AVERAGE LIFE 5.5456 5.5227 5.4881 5.4444
FIRST PRIN 07/15/2005 06/15/2005 04/15/2005 02/15/2005
LAST PRIN 03/15/2009 03/15/2009 03/15/2009 03/15/2009
PAYMENT WINDOW 45 46 48 50
ACCRUAL FACTOR 0.0873 0.0873 0.0873 0.0873
MOD DURATION @ 4/22 2.6019 2.5988 2.5944 2.5889
TRIGGER OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES
PREPAY (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100
DEFAULT CDR 7 CDR 8 CDR 9 CDR 10
ADVANCES YES YES YES YES
RECV MNTH 18 18 18 18
LOSSES 0.5 0.5 0.5 0.5
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PRICE / YIELD
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4/12 8.54 8.37 8.16 7.93
4/13 8.26 8.08 7.88 7.65
4/14 7.98 7.80 7.60 7.37
4/15 7.71 7.53 7.32 7.09
4/16 7.43 7.26 7.05 6.82
4/17 7.17 6.99 6.78 6.54
4/18 6.90 6.72 6.51 6.28
4/19 6.64 6.46 6.25 6.01
4/20 6.38 6.20 5.99 5.75
4/21 6.12 5.94 5.73 5.49
4/22 5.87 5.69 5.47 5.24
4/23 5.62 5.43 5.22 4.98
4/24 5.37 5.18 4.97 4.73
4/25 5.12 4.94 4.72 4.49
4/26 4.88 4.70 4.48 4.24
4/27 4.64 4.45 4.24 4.00
4/28 4.40 4.22 4.00 3.76
4/29 4.17 3.98 3.76 3.52
4/30 3.93 3.75 3.53 3.29
4/31 3.70 3.52 3.30 3.06
5/00 3.47 3.29 3.07 2.83
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AVERAGE LIFE 5.4617 5.4105 5.3555 5.2971
FIRST PRIN 07/15/2005 07/15/2005 05/15/2005 03/15/2005
LAST PRIN 03/15/2009 03/15/2009 03/15/2009 03/15/2009
PAYMENT WINDOW 45 45 47 49
ACCRUAL FACTOR 0.0873 0.0873 0.0873 0.0873
MOD DURATION @ 4/22 2.5923 2.5863 2.5798 2.5733
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We recommend that such investors obtain the advice of their Xxxxxx Xxxxxxx & Co.
Incorporated, Xxxxxx Xxxxxxx International or Xxxxxx Xxxxxxx Japan Ltd.
representative about the investments concerned. NOT FOR DISTRIBUTION TO PRIVATE
CUSTOMERS AS DEFINEDBYTHE U.K. SECURITIESANDFUTURES AUTHORITY.
