XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS A1
------------------------------------------------------------------------------------------------------------------------------------
Class A1 Settlement Date 12/27/2001 Coupon 4.98000
Original Balance 63,320,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 63,320,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/12 5.18 5.18 5.18 5.18 5.18
99/14 5.15 5.15 5.16 5.16 5.16
99/16 5.13 5.13 5.13 5.13 5.14
99/18 5.11 5.11 5.11 5.11 5.12
99/20 5.09 5.09 5.09 5.09 5.09
99/22 5.07 5.07 5.07 5.07 5.07
99/24 5.05 5.05 5.05 5.05 5.05
99/26 5.03 5.03 5.03 5.03 5.03
99/28 5.01 5.01 5.01 5.01 5.01
99/30 4.99 4.99 4.99 4.99 4.99
100/00 4.97 4.97 4.97 4.97 4.97
100/02 4.95 4.95 4.95 4.95 4.94
100/04 4.93 4.93 4.93 4.93 4.92
100/06 4.91 4.91 4.91 4.90 4.90
100/08 4.88 4.88 4.88 4.88 4.88
100/10 4.86 4.86 4.86 4.86 4.86
100/12 4.84 4.84 4.84 4.84 4.84
100/14 4.82 4.82 4.82 4.82 4.82
100/16 4.80 4.80 4.80 4.80 4.80
100/18 4.78 4.78 4.78 4.78 4.78
100/20 4.76 4.76 4.76 4.76 4.75
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 3.40 3.39 3.39 3.38 3.30
FIRST PRIN 01/15/2002 01/15/2002 01/15/2002 01/15/2002 01/15/2002
LAST PRIN 11/15/2006 11/15/2006 11/15/2006 11/15/2006 11/15/2006
PAYMENT WINDOW 59 59 59 59 57
ACCRUAL FACTOR 0.3597 0.3597 0.3597 0.3597 0.3597
MOD DURATION @ 100/00 3.01 3.00 3.00 2.99 2.93
Page 1 of 6
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS A2
------------------------------------------------------------------------------------------------------------------------------------
Class A2 Settlement Date 12/27/2001 Coupon 5.82000
Original Balance 193,973,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 193,973,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/20 5.92 5.92 5.92 5.92 5.92
99/22 5.91 5.91 5.91 5.91 5.91
99/24 5.90 5.90 5.90 5.90 5.90
99/26 5.88 5.88 5.88 5.88 5.88
99/28 5.87 5.87 5.87 5.87 5.87
99/30 5.86 5.86 5.86 5.86 5.85
100/00 5.84 5.84 5.84 5.84 5.84
100/02 5.83 5.83 5.83 5.83 5.83
100/04 5.82 5.82 5.82 5.81 5.81
100/06 5.80 5.80 5.80 5.80 5.80
100/08 5.79 5.79 5.79 5.79 5.79
100/10 5.78 5.77 5.77 5.77 5.77
100/12 5.76 5.76 5.76 5.76 5.76
100/14 5.75 5.75 5.75 5.75 5.74
100/16 5.74 5.73 5.73 5.73 5.73
100/18 5.72 5.72 5.72 5.72 5.72
100/20 5.71 5.71 5.71 5.71 5.70
100/22 5.70 5.69 5.69 5.69 5.69
100/24 5.68 5.68 5.68 5.68 5.68
100/26 5.67 5.67 5.67 5.67 5.66
100/28 5.66 5.65 5.65 5.65 5.65
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 5.70 5.68 5.66 5.64 5.50
FIRST PRIN 01/15/2002 01/15/2002 01/15/2002 01/15/2002 01/15/2002
LAST PRIN 01/15/2011 01/15/2011 12/15/2010 11/15/2010 10/15/2010
PAYMENT WINDOW 109 109 108 107 106
ACCRUAL FACTOR 0.4203 0.4203 0.4203 0.4203 0.4203
MOD DURATION @ 100/08 4.64 4.63 4.61 4.60 4.50
Page 2 of 6
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS A3
------------------------------------------------------------------------------------------------------------------------------------
Class A3 Settlement Date 12/27/2001 Coupon 6.09000
Original Balance 130,653,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 130,653,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/28 6.15 6.15 6.15 6.15 6.15
99/30 6.14 6.14 6.14 6.14 6.13
100/00 6.12 6.12 6.12 6.12 6.12
100/02 6.11 6.11 6.11 6.11 6.11
100/04 6.10 6.10 6.10 6.10 6.10
100/06 6.09 6.09 6.09 6.09 6.09
100/08 6.08 6.08 6.08 6.08 6.08
100/10 6.07 6.07 6.07 6.07 6.06
100/12 6.05 6.05 6.05 6.05 6.05
100/14 6.04 6.04 6.04 6.04 6.04
100/16 6.03 6.03 6.03 6.03 6.03
100/18 6.02 6.02 6.02 6.02 6.02
100/20 6.01 6.01 6.01 6.01 6.00
100/22 6.00 6.00 6.00 6.00 5.99
100/24 5.99 5.99 5.99 5.98 5.98
100/26 5.97 5.97 5.97 5.97 5.97
100/28 5.96 5.96 5.96 5.96 5.96
100/30 5.95 5.95 5.95 5.95 5.95
101/00 5.94 5.94 5.94 5.94 5.93
101/02 5.93 5.93 5.93 5.93 5.92
101/04 5.92 5.92 5.92 5.92 5.91
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 6.81 6.79 6.77 6.77 6.57
FIRST PRIN 11/15/2006 11/15/2006 11/15/2006 11/15/2006 09/15/2006
LAST PRIN 01/15/2011 01/15/2011 12/15/2010 11/15/2010 10/15/2010
PAYMENT WINDOW 51 51 50 49 50
ACCRUAL FACTOR 0.4398 0.4398 0.4398 0.4398 0.4398
MOD DURATION @ 100/16 5.40 5.39 5.37 5.35 5.25
Page 3 of 6
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS A4
------------------------------------------------------------------------------------------------------------------------------------
Class A4 Settlement Date 12/27/2001 Coupon 6.40000
Original Balance 497,747,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 497,747,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating Aaa/AAA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/28 6.47 6.47 6.47 6.47 6.47
99/30 6.46 6.46 6.46 6.46 6.46
100/00 6.45 6.45 6.45 6.45 6.45
100/02 6.44 6.44 6.44 6.44 6.44
100/04 6.43 6.43 6.43 6.43 6.43
100/06 6.42 6.42 6.42 6.42 6.42
100/08 6.41 6.41 6.41 6.41 6.41
100/10 6.41 6.41 6.41 6.41 6.40
100/12 6.40 6.40 6.40 6.40 6.40
100/14 6.39 6.39 6.39 6.39 6.39
100/16 6.38 6.38 6.38 6.38 6.38
100/18 6.37 6.37 6.37 6.37 6.37
100/20 6.36 6.36 6.36 6.36 6.36
100/22 6.35 6.35 6.35 6.35 6.35
100/24 6.34 6.34 6.34 6.34 6.34
100/26 6.34 6.34 6.33 6.33 6.33
100/28 6.33 6.33 6.33 6.33 6.32
100/30 6.32 6.32 6.32 6.32 6.31
101/00 6.31 6.31 6.31 6.31 6.31
101/02 6.30 6.30 6.30 6.30 6.30
101/04 6.29 6.29 6.29 6.29 6.29
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 9.66 9.64 9.63 9.60 9.43
FIRST PRIN 01/15/2011 01/15/20011 12/15/2010 11/15/2010 10/15/2010
LAST PRIN 11/15/2011 10/15/2011 10/15/2011 10/15/2011 08/15/2011
PAYMENT WINDOW 11 10 11 12 11
ACCRUAL FACTOR 0.4622 0.4622 0.4622 0.4622 0.4622
MOD DURATION @ 100/16 7.00 6.99 6.98 6.97 6.88
Page 4 of 6
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS B
------------------------------------------------------------------------------------------------------------------------------------
Class B Settlement Date 12/27/2001 Coupon 6.60000
Original Balance 31,259,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 31,259,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating Aa2/AA Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/28 6.67 6.67 6.67 6.67 6.67
99/30 6.66 6.66 6.66 6.66 6.66
100/00 6.66 6.65 6.65 6.66 6.65
100/02 6.65 6.65 6.65 6.65 6.65
100/04 6.64 6.64 6.64 6.64 6.64
100/06 6.63 6.63 6.63 6.63 6.63
100/08 6.62 6.62 6.62 6.62 6.62
100/10 6.61 6.61 6.61 6.61 6.61
100/12 6.60 6.60 6.60 6.60 6.60
100/14 6.59 6.59 6.59 6.59 6.59
100/16 6.58 6.58 6.58 6.58 6.58
100/18 6.58 6.58 6.58 6.58 6.58
100/20 6.57 6.57 6.57 6.57 6.57
100/22 6.56 6.56 6.56 6.56 6.56
100/24 6.55 6.55 6.55 6.55 6.55
100/26 6.54 6.54 6.54 6.54 6.54
100/28 6.53 6.53 6.53 6.53 6.53
100/30 6.52 6.52 6.52 6.52 6.52
101/00 6.51 6.51 6.51 6.51 6.51
101/02 6.51 6.51 6.51 6.50 6.50
101/04 6.50 6.50 6.50 6.50 6.49
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 9.88 9.87 9.80 9.80 9.63
FIRST PRIN 11/15/2011 10/15/2011 10/15/2011 10/15/2011 08/15/2011
LAST PRIN 11/15/2011 11/15/2011 11/15/2011 10/15/2011 08/15/2011
PAYMENT WINDOW 1 2 2 1 1
ACCRUAL FACTOR 0.4767 0.4767 0.4767 0.4767 0.4767
MOD DURATION @ 100/16 7.05 7.04 7.03 7.01 6.92
Page 5 of 6
--------------------------------------------------------------------------------
This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
XXXXXX XXXXXXX
------------------------------------------------------------------------------------------------------------------------------------
MS MS SERIES 2001-TOP 5 (XXXXX'X/S AND P) CLASS C
------------------------------------------------------------------------------------------------------------------------------------
Class C Settlement Date 12/27/2001 Coupon 6.85000
Original Balance 28,655,000.00 Dated Date 12/01/2001 Delay 14
Current Balance 28,655,000.00 First Payment Date 01/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co.
Credit Rating A2/A Next Payment Date 01/15/2002 Orig Deal Size 1,041,991,908.17
Market Desc N/A Payment Freq Monthly Num of Tranches 22
Factor 1.00000000 Interest Freq Monthly Deal Age 0
Cusip N/A
Yield Table Date 12/11/2001
Yield Frequency XxxxXxxxxx
Xxxxx Day Count 30/360
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------- ------------------------------------------------------------------------------------------
PRICE/YIELD
------------------------- ------------------------------------------------------------------------------------------
99/28 6.93 6.93 6.93 6.93 6.93
99/30 6.92 6.92 6.92 6.92 6.92
100/00 6.91 6.91 6.91 6.91 6.91
100/02 6.90 6.90 6.90 6.90 6.90
100/04 6.89 6.89 6.89 6.89 6.89
100/06 6.88 6.88 6.88 6.88 6.88
100/08 6.87 6.87 6.87 6.87 6.87
100/10 6.87 6.87 6.87 6.87 6.86
100/12 6.86 6.86 6.86 6.86 6.86
100/14 6.85 6.85 6.85 6.85 6.85
100/16 6.84 6.84 6.84 6.84 6.84
100/18 6.83 6.83 6.83 6.83 6.83
100/20 6.82 6.82 6.82 6.82 6.82
100/22 6.81 6.81 6.81 6.81 6.81
100/24 6.80 6.80 6.80 6.80 6.80
100/26 6.79 6.79 6.79 6.79 6.79
100/28 6.79 6.79 6.79 6.79 6.78
100/30 6.78 6.78 6.78 6.78 6.77
101/00 6.77 6.77 6.77 6.77 6.76
101/02 6.76 6.76 6.76 6.76 6.76
101/04 6.75 6.75 6.75 6.75 6.75
------------------------- ------------------------------------------------------------------------------------------
AVERAGE LIFE 9.88 9.88 9.88 9.88 9.63
FIRST PRIN 11/15/2011 10/15/2011 10/15/2011 10/15/2011 08/15/2011
LAST PRIN 11/15/2011 11/15/2011 11/15/2011 11/15/2011 08/15/2011
PAYMENT WINDOW 1 1 1 2 1
ACCRUAL FACTOR 0.4947 0.4947 0.4947 0.4947 0.4947
MOD DURATION @ 100/16 6.96 6.96 6.96 6.96 6.84
Page 6 of 6
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This information is being delivered to a specific number of prospective
sophisticated investors in order to assist them in determining whether they have
an interest in the type of security described herein. It has been prepared
solely for information purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to
participate in any trading strategy. No representation or warranty can be given
with respect to the accuracy or completeness of the information, or with respect
to the terms of any future offer of securities conforming to the terms hereof.
Any such offer of securities would be made pursuant to a definitive Prospectus
or Private Placement Memorandum, as the case may be, prepared by the issuer
which could contain material information not contained herein and to which the
prospective purchasers are referred. In the event of any such offering, this
information shall be deemed superseded, amended and supplemented in its entirety
by such Prospectus or Private Placement Memorandum. Such Prospectus or Private
Placement Memorandum will contain all material information in respect of any
securities offered thereby and any decision to invest in such securities should
be made solely in reliance upon such Prospectus or Private Placement Memorandum.
Certain assumptions may have been made in this analysis which have resulted in
any returns detailed herein. No representation is made that any returns
indicated will be achieved. Changes to the assumptions may have a material
impact on any returns detailed. Xxxxxx Xxxxxxx & Co. Incorporated disclaims any
and all liability relating to this information, including without limitation any
express or implied representations or warranties for, statements contained in,
and omissions from, this information. Additional information is available upon
request. Xxxxxx Xxxxxxx & Co. Incorporated and others associated with it may
have positions in, and may effect transaction in, securities and instruments of
issuers mentioned herein and may also perform or seek to perform investment
banking services for the issuers of such securities and instruments. Past
performance is not necessarily indicative of future results. Price and
availability are subject to change without notice. To our readers worldwide: In
addition, please note that this publication has been issued by Xxxxxx Xxxxxxx &
Co. Incorporated, approved by Xxxxxx Xxxxxxx International Limited, a member of
The Securities and Futures Authority, any by Xxxxxx Xxxxxxx Japan Ltd. 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 DEFINED BY THE U.K. SECURITIES AND FUTURES AUTHORITY.
