XXXXXX XXXXXXX
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS X2
--------------------------------------------------------------------------------
Class X2 Settlement Date 06/18/2002 Coupon -1.00000 Cusip N/A
Original Balance ? Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 0.89 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/AAA Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 0.00000000 Interest Freq Monthly Deal Age 0
TRIGGER OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES
PREPAY CPR 0 (!YM) CPR 100 CPR 50 CPR 100 (!YM) CPR 100
DEFAULT CDR 2
ADVANCES YES
RECV MNTH 12
LOSSES 0.35
---------------------------------------------------------------------------------------------------------------------
PRICE /
YIELD
---------------------------------------------------------------------------------------------------------------------
5.1384 6.8675 6.8675 7.5799 7.7020 6.8675
5.1540 6.7599 6.7600 7.4705 7.5914 6.7599
5.1696 6.6529 6.6529 7.3616 7.4813 6.6529
5.1853 6.5463 6.5464 7.2532 7.3718 6.5464
5.2009 6.4403 6.4403 7.1454 7.2628 6.4403
5.2165 6.3348 6.3348 7.0381 7.1543 6.3348
5.2321 6.2298 6.2298 6.9313 7.0464 6.2298
5.2478 6.1253 6.1253 6.8250 6.9390 6.1253
5.2634 6.0213 6.0213 6.7192 6.8321 6.0213
5.2790 5.9178 5.9178 6.6140 6.7257 5.9178
5.2946 5.8147 5.8148 6.5092 6.6198 5.8148
5.3103 5.7122 5.7122 6.4049 6.5144 5.7122
5.3259 5.6101 5.6102 6.3011 6.4095 5.6101
5.3415 5.5085 5.5086 6.1978 6.3051 5.5086
5.3571 5.4074 5.4074 6.0950 6.2012 5.4074
5.3728 5.3068 5.3068 5.9927 6.0978 5.3068
5.3884 5.2066 5.2066 5.8908 5.9949 5.2066
---------------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 5.9202 5.9202 5.9202 5.8776 5.9202
MOD DURATION @ 5.2634 2.8346 2.8346 2.7873 2.7579 2.8346
TRIGGER OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES OPTIONALCALL YES
PREPAY (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100 (!YM) CPR 100
DEFAULT CDR 4 CDR 6 CDR 7 CDR 8
ADVANCES YES YES YES YES
RECV MNTH 12 12 12 12
LOSSES 0.35 0.35 0.35 0.35
-----------------------------------------------------------------------------------------------
PRICE /
YIELD
-----------------------------------------------------------------------------------------------
5.1384 6.8675 6.8675 6.6567 6.1948
5.1540 6.7599 6.7599 6.5490 6.0869
5.1696 6.6529 6.6529 6.4418 5.9795
5.1853 6.5464 6.5463 6.3352 5.8727
5.2009 6.4403 6.4403 6.2290 5.7664
5.2165 6.3348 6.3348 6.1234 5.6606
5.2321 6.2298 6.2298 6.0183 5.5553
5.2478 6.1253 6.1253 5.9136 5.4505
5.2634 6.0213 6.0213 5.8095 5.3461
5.2790 5.9178 5.9178 5.7059 5.2423
5.2946 5.8148 5.8147 5.6027 5.1390
5.3103 5.7122 5.7122 5.5001 5.0362
5.3259 5.6101 5.6101 5.3979 4.9338
5.3415 5.5086 5.5085 5.2962 4.8320
5.3571 5.4074 5.4074 5.1950 4.7306
5.3728 5.3068 5.3068 5.0942 4.6296
5.3884 5.2066 5.2066 4.9939 4.5292
-----------------------------------------------------------------------------------------------
AVERAGE LIFE 5.9202 5.9202 5.8773 5.7872
MOD DURATION @ 5.2634 2.8346 2.8346 2.8314 2.8266
Page 1 of 1
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS D
--------------------------------------------------------------------------------
Class D Settlement Date 06/18/2002 Coupon 6.41000 Cusip N/A
Original Balance 7,271,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 7,271,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating A-/A3 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
----------------------------------------------------------------------------------------------------------
PRICE / YIELD
----------------------------------------------------------------------------------------------------------
96.4963 6.9625 6.9625 6.9625 6.9625 6.9664
96.7463 6.9260 6.9260 6.9260 6.9260 6.9295
96.9963 6.8895 6.8895 6.8895 6.8895 6.8928
97.2463 6.8533 6.8533 6.8533 6.8533 6.8562
97.4963 6.8171 6.8171 6.8171 6.8171 6.8198
97.7463 6.7810 6.7810 6.7810 6.7810 6.7834
97.9963 6.7451 6.7451 6.7451 6.7451 6.7472
98.2463 6.7093 6.7093 6.7093 6.7093 6.7111
98.4963 6.6736 6.6736 6.6736 6.6736 6.6751
98.7463 6.6380 6.6380 6.6380 6.6380 6.6392
98.9963 6.6025 6.6025 6.6025 6.6025 6.6034
99.2463 6.5672 6.5672 6.5672 6.5672 6.5678
99.4963 6.5319 6.5319 6.5319 6.5319 6.5322
99.7463 6.4968 6.4968 6.4968 6.4968 6.4968
99.9963 6.4618 6.4618 6.4618 6.4618 6.4615
100.2463 6.4269 6.4269 6.4269 6.4269 6.4263
100.4963 6.3921 6.3921 6.3921 6.3921 6.3912
100.7463 6.3574 6.3574 6.3574 6.3574 6.3562
100.9963 6.3228 6.3228 6.3228 6.3228 6.3214
101.2463 6.2883 6.2883 6.2883 6.2883 6.2866
101.4963 6.2540 6.2540 6.2540 6.2540 6.2520
101.7463 6.2197 6.2197 6.2197 6.2197 6.2174
101.9963 6.1856 6.1856 6.1856 6.1856 6.1830
102.2463 6.1515 6.1515 6.1515 6.1515 6.1486
102.4963 6.1176 6.1176 6.1176 6.1176 6.1144
102.7463 6.0838 6.0838 6.0838 6.0838 6.0803
102.9963 6.0500 6.0500 6.0500 6.0500 6.0463
103.2463 6.0164 6.0164 6.0164 6.0164 6.0124
103.4963 5.9829 5.9829 5.9829 5.9829 5.9786
103.7463 5.9495 5.9495 5.9495 5.9495 5.9449
103.9963 5.9161 5.9161 5.9161 5.9161 5.9113
104.2463 5.8829 5.8829 5.8829 5.8829 5.8778
104.4963 5.8498 5.8498 5.8498 5.8498 5.8444
----------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9083 9.9083 9.9083 9.9083 9.7939
FIRST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 03/15/2012
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 05/15/2012
PAYMENT WINDOW 1 1 1 1 3
ACCRUAL FACTOR 0.3027 0.3027 0.3027 0.3027 0.3027
MOD DURATION @ 100.4963 7.1386 7.1386 7.1386 7.1386 7.0791
Page 1 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS E
--------------------------------------------------------------------------------
Class E Settlement Date 06/18/2002 Coupon 6.69000 Cusip N/A
Original Balance 7,271,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 7,271,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating BBB+/Baa3 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
--------------------------------------------------------------------------------------------------------
PRICE / YIELD
--------------------------------------------------------------------------------------------------------
96.5301 7.2500 7.2500 7.2500 7.2500 7.2500
96.7801 7.2130 7.2130 7.2130 7.2130 7.2130
97.0301 7.1761 7.1761 7.1761 7.1761 7.1761
97.2801 7.1394 7.1394 7.1394 7.1394 7.1394
97.5301 7.1027 7.1027 7.1027 7.1027 7.1027
97.7801 7.0662 7.0662 7.0662 7.0662 7.0662
98.0301 7.0298 7.0298 7.0298 7.0298 7.0298
98.2801 6.9935 6.9935 6.9935 6.9935 6.9935
98.5301 6.9573 6.9573 6.9573 6.9573 6.9573
98.7801 6.9213 6.9213 6.9213 6.9213 6.9213
99.0301 6.8853 6.8853 6.8853 6.8853 6.8853
99.2801 6.8495 6.8495 6.8495 6.8495 6.8495
99.5301 6.8138 6.8138 6.8138 6.8138 6.8138
99.7801 6.7782 6.7782 6.7782 6.7782 6.7782
100.0301 6.7427 6.7427 6.7427 6.7427 6.7427
100.2801 6.7074 6.7074 6.7074 6.7074 6.7074
100.5301 6.6721 6.6721 6.6721 6.6721 6.6721
100.7801 6.6370 6.6370 6.6370 6.6370 6.6370
101.0301 6.6019 6.6019 6.6019 6.6019 6.6019
101.2801 6.5670 6.5670 6.5670 6.5670 6.5670
101.5301 6.5322 6.5322 6.5322 6.5322 6.5322
101.7801 6.4975 6.4975 6.4975 6.4975 6.4975
102.0301 6.4629 6.4629 6.4629 6.4629 6.4629
102.2801 6.4284 6.4284 6.4284 6.4284 6.4284
102.5301 6.3940 6.3940 6.3940 6.3940 6.3940
102.7801 6.3598 6.3598 6.3598 6.3598 6.3598
103.0301 6.3256 6.3256 6.3256 6.3256 6.3256
103.2801 6.2916 6.2916 6.2916 6.2916 6.2916
103.5301 6.2576 6.2576 6.2576 6.2576 6.2576
103.7801 6.2238 6.2238 6.2238 6.2238 6.2238
104.0301 6.1900 6.1900 6.1900 6.1900 6.1900
104.2801 6.1564 6.1564 6.1564 6.1564 6.1564
104.5301 6.1228 6.1228 6.1228 6.1228 6.1228
--------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9083 9.9083 9.9083 9.9083 9.9083
FIRST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 05/15/2012
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 05/15/2012
PAYMENT WINDOW 1 1 1 1 1
ACCRUAL FACTOR 0.3159 0.3159 0.3159 0.3159 0.3159
MOD DURATION @ 100.5301 7.0434 7.0434 7.0434 7.0434 7.0434
Page 2 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS F
--------------------------------------------------------------------------------
Class F Settlement Date 06/18/2002 Coupon 6.79000 Cusip N/A
Original Balance 12,118,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 12,118,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating BBB-/Baa3 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
----------------------------------------------------------------------------------------------------------
PRICE / YIELD
----------------------------------------------------------------------------------------------------------
96.4952 7.3573 7.3577 7.3583 7.3591 7.3598
96.7452 7.3203 7.3207 7.3212 7.3219 7.3226
96.9952 7.2834 7.2837 7.2842 7.2849 7.2855
97.2452 7.2466 7.2469 7.2474 7.2480 7.2485
97.4952 7.2100 7.2103 7.2106 7.2112 7.2117
97.7452 7.1734 7.1737 7.1740 7.1745 7.1749
97.9952 7.1370 7.1372 7.1375 7.1380 7.1383
98.2452 7.1007 7.1009 7.1012 7.1015 7.1019
98.4952 7.0646 7.0647 7.0649 7.0652 7.0655
98.7452 7.0285 7.0286 7.0288 7.0290 7.0292
98.9952 6.9926 6.9927 6.9928 6.9930 6.9931
99.2452 6.9567 6.9568 6.9569 6.9570 6.9571
99.4952 6.9210 6.9211 6.9211 6.9212 6.9212
99.7452 6.8854 6.8854 6.8854 6.8854 6.8854
99.9952 6.8500 6.8499 6.8499 6.8498 6.8498
100.2452 6.8146 6.8145 6.8145 6.8143 6.8142
100.4952 6.7794 6.7793 6.7791 6.7789 6.7788
100.7452 6.7442 6.7441 6.7439 6.7437 6.7435
100.9952 6.7092 6.7090 6.7088 6.7085 6.7082
101.2452 6.6743 6.6741 6.6738 6.6735 6.6731
101.4952 6.6395 6.6392 6.6390 6.6385 6.6382
101.7452 6.6048 6.6045 6.6042 6.6037 6.6033
101.9952 6.5702 6.5699 6.5695 6.5690 6.5685
102.2452 6.5357 6.5354 6.5350 6.5344 6.5338
102.4952 6.5013 6.5010 6.5005 6.4999 6.4993
102.7452 6.4671 6.4667 6.4662 6.4655 6.4648
102.9952 6.4329 6.4325 6.4320 6.4312 6.4305
103.2452 6.3989 6.3984 6.3979 6.3970 6.3963
103.4952 6.3649 6.3644 6.3638 6.3629 6.3622
103.7452 6.3311 6.3306 6.3299 6.3290 6.3281
103.9952 6.2973 6.2968 6.2961 6.2951 6.2942
104.2452 6.2637 6.2631 6.2624 6.2613 6.2604
104.4952 6.2302 6.2296 6.2288 6.2277 6.2267
----------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9830 9.9703 9.9539 9.9294 9.9083
FIRST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 05/15/2012
LAST PRIN 06/15/2012 06/15/2012 06/15/2012 06/15/2012 05/15/2012
PAYMENT WINDOW 2 2 2 2 1
ACCRUAL FACTOR 0.3206 0.3206 0.3206 0.3206 0.3206
MOD DURATION @ 100.4952 7.0460 7.0397 7.0315 7.0194 7.0089
Page 3 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS G
--------------------------------------------------------------------------------
Class G Settlement Date 06/18/2002 Coupon 5.00000 Cusip N/A
Original Balance 7,271,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 7,271,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating BBB-/Baa3 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
-----------------------------------------------------------------------------------------------------------------
PRICE / YIELD
-----------------------------------------------------------------------------------------------------------------
96.5157 7.6659 7.6659 7.6658 7.6657 7.6682
96.7657 7.6284 7.6283 7.6283 7.6282 7.6304
97.0157 7.5910 7.5909 7.5909 7.5908 7.5928
97.2657 7.5537 7.5537 7.5536 7.5535 7.5554
97.5157 7.5165 7.5165 7.5165 7.5164 7.5180
97.7657 7.4795 7.4795 7.4794 7.4794 7.4808
98.0157 7.4426 7.4426 7.4425 7.4425 7.4436
98.2657 7.4058 7.4058 7.4058 7.4057 7.4066
98.5157 7.3692 7.3691 7.3691 7.3690 7.3698
98.7657 7.3326 7.3326 7.3326 7.3325 7.3330
99.0157 7.2962 7.2962 7.2961 7.2961 7.2964
99.2657 7.2599 7.2599 7.2598 7.2598 7.2599
99.5157 7.2237 7.2237 7.2237 7.2236 7.2235
99.7657 7.1877 7.1876 7.1876 7.1875 7.1872
100.0157 7.1517 7.1517 7.1517 7.1516 7.1511
100.2657 7.1159 7.1159 7.1158 7.1158 7.1150
100.5157 7.0802 7.0802 7.0801 7.0800 7.0791
100.7657 7.0446 7.0446 7.0445 7.0444 7.0433
101.0157 7.0091 7.0091 7.0090 7.0090 7.0076
101.2657 6.9737 6.9737 6.9736 6.9736 6.9720
101.5157 6.9385 6.9384 6.9384 6.9383 6.9366
101.7657 6.9033 6.9033 6.9032 6.9032 6.9012
102.0157 6.8683 6.8682 6.8682 6.8681 6.8660
102.2657 6.8333 6.8333 6.8333 6.8332 6.8308
102.5157 6.7985 6.7985 6.7984 6.7984 6.7958
102.7657 6.7638 6.7638 6.7637 6.7637 6.7609
103.0157 6.7292 6.7292 6.7291 6.7291 6.7261
103.2657 6.6947 6.6947 6.6946 6.6946 6.6914
103.5157 6.6603 6.6603 6.6603 6.6602 6.6568
103.7657 6.6261 6.6260 6.6260 6.6259 6.6223
104.0157 6.5919 6.5919 6.5918 6.5917 6.5880
104.2657 6.5578 6.5578 6.5577 6.5577 6.5537
104.5157 6.5239 6.5238 6.5238 6.5237 6.5195
-----------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9917 9.9917 9.9917 9.9917 9.9083
FIRST PRIN 06/15/2012 06/15/2012 06/15/2012 06/15/2012 05/15/2012
LAST PRIN 06/15/2012 06/15/2012 06/15/2012 06/15/2012 05/15/2012
PAYMENT WINDOW 1 1 1 1 1
ACCRUAL FACTOR 0.3300 0.3300 0.3300 0.3300 0.3300
MOD DURATION @ 100.5157 6.9521 6.9521 6.9521 6.9521 6.9120
Page 4 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS A1
--------------------------------------------------------------------------------
Class A1 Settlement Date 06/18/2002 Coupon 5.54000 Cusip N/A
Original Balance 261,390,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 261,390,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
------------------------------------------------------------------------------------------------------
PRICE / YIELD
------------------------------------------------------------------------------------------------------
96.2305 6.3921 6.3928 6.3934 6.3943 6.4022
96.4805 6.3354 6.3360 6.3365 6.3374 6.3447
96.7305 6.2788 6.2793 6.2799 6.2807 6.2874
96.9805 6.2225 6.2229 6.2234 6.2242 6.2303
97.2305 6.1663 6.1668 6.1672 6.1679 6.1735
97.4805 6.1104 6.1108 6.1112 6.1118 6.1168
97.7305 6.0546 6.0550 6.0553 6.0559 6.0604
97.9805 5.9991 5.9994 5.9997 6.0002 6.0041
98.2305 5.9438 5.9440 5.9443 5.9447 5.9481
98.4805 5.8886 5.8889 5.8891 5.8894 5.8923
98.7305 5.8337 5.8339 5.8341 5.8344 5.8366
98.9805 5.7790 5.7791 5.7793 5.7795 5.7812
99.2305 5.7245 5.7246 5.7247 5.7248 5.7260
99.4805 5.6701 5.6702 5.6702 5.6703 5.6710
99.7305 5.6160 5.6160 5.6160 5.6160 5.6161
99.9805 5.5621 5.5620 5.5620 5.5619 5.5615
100.2305 5.5083 5.5082 5.5081 5.5080 5.5071
100.4805 5.4547 5.4546 5.4545 5.4543 5.4528
100.7305 5.4014 5.4012 5.4010 5.4008 5.3988
100.9805 5.3482 5.3480 5.3478 5.3475 5.3449
101.2305 5.2952 5.2949 5.2947 5.2943 5.2913
101.4805 5.2424 5.2421 5.2418 5.2414 5.2378
101.7305 5.1898 5.1894 5.1891 5.1886 5.1845
101.9805 5.1373 5.1369 5.1366 5.1360 5.1314
102.2305 5.0851 5.0846 5.0842 5.0836 5.0785
102.4805 5.0330 5.0325 5.0321 5.0314 5.0257
102.7305 4.9811 4.9806 4.9801 4.9794 4.9732
102.9805 4.9294 4.9288 4.9283 4.9275 4.9208
103.2305 4.8778 4.8773 4.8767 4.8758 4.8686
103.4805 4.8265 4.8259 4.8253 4.8243 4.8166
103.7305 4.7753 4.7746 4.7740 4.7730 4.7648
103.9805 4.7243 4.7236 4.7229 4.7219 4.7131
104.2305 4.6735 4.6727 4.6720 4.6709 4.6616
------------------------------------------------------------------------------------------------------
AVERAGE LIFE 5.7000 5.6942 5.6889 5.6807 5.6144
FIRST PRIN 07/15/2002 07/15/2002 07/15/2002 07/15/2002 07/15/2002
LAST PRIN 11/15/2011 11/15/2011 10/15/2011 10/15/2011 08/15/2011
PAYMENT WINDOW 113 113 112 112 110
ACCRUAL FACTOR 0.2616 0.2616 0.2616 0.2616 0.2616
MOD DURATION @ 100.2305 4.6365 4.6328 4.6292 4.6237 4.5783
Page 1 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS A2
--------------------------------------------------------------------------------
Class A2 Settlement Date 06/18/2002 Coupon 6.13000 Cusip N/A
Original Balance 572,335,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 572,335,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
-------------------------------------------------------------------------------------------------------
PRICE / YIELD
-------------------------------------------------------------------------------------------------------
96.5049 6.6750 6.6756 6.6763 6.6774 6.6849
96.7549 6.6386 6.6390 6.6397 6.6407 6.6477
97.0049 6.6022 6.6026 6.6032 6.6041 6.6105
97.2549 6.5659 6.5663 6.5669 6.5677 6.5735
97.5049 6.5298 6.5302 6.5306 6.5314 6.5366
97.7549 6.4938 6.4941 6.4945 6.4952 6.4998
98.0049 6.4579 6.4582 6.4585 6.4591 6.4632
98.2549 6.4221 6.4223 6.4227 6.4231 6.4266
98.5049 6.3864 6.3866 6.3869 6.3873 6.3902
98.7549 6.3509 6.3510 6.3512 6.3516 6.3539
99.0049 6.3154 6.3155 6.3157 6.3159 6.3177
99.2549 6.2801 6.2802 6.2803 6.2804 6.2816
99.5049 6.2449 6.2449 6.2450 6.2450 6.2456
99.7549 6.2097 6.2097 6.2097 6.2097 6.2098
100.0049 6.1747 6.1747 6.1747 6.1746 6.1740
100.2549 6.1399 6.1398 6.1397 6.1395 6.1384
100.5049 6.1051 6.1050 6.1048 6.1046 6.1029
100.7549 6.0704 6.0702 6.0700 6.0697 6.0675
101.0049 6.0358 6.0356 6.0354 6.0350 6.0322
101.2549 6.0014 6.0011 6.0008 6.0003 5.9970
101.5049 5.9670 5.9668 5.9664 5.9658 5.9619
101.7549 5.9328 5.9325 5.9321 5.9314 5.9269
102.0049 5.8987 5.8983 5.8978 5.8971 5.8920
102.2549 5.8646 5.8642 5.8637 5.8629 5.8573
102.5049 5.8307 5.8303 5.8297 5.8288 5.8226
102.7549 5.7969 5.7964 5.7958 5.7948 5.7881
103.0049 5.7631 5.7626 5.7619 5.7609 5.7536
103.2549 5.7295 5.7290 5.7282 5.7271 5.7193
103.5049 5.6960 5.6954 5.6946 5.6934 5.6850
103.7549 5.6626 5.6620 5.6611 5.6599 5.6509
104.0049 5.6293 5.6286 5.6277 5.6264 5.6169
104.2549 5.5960 5.5954 5.5944 5.5930 5.5830
104.5049 5.5629 5.5622 5.5612 5.5597 5.5491
-------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.7331 9.7183 9.6980 9.6676 9.4584
FIRST PRIN 11/15/2011 11/15/2011 10/15/2011 10/15/2011 08/15/2011
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 02/15/2012
PAYMENT WINDOW 7 7 8 8 7
------------
ACCRUAL FACTOR 0.2895 0.2895 0.2895 0.2895 0.2895
MOD DURATION @ 100.5049 7.1425 7.1344 7.1235 7.1070 6.9934
Page 2 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS B
--------------------------------------------------------------------------------
Class B Settlement Date 06/18/2002 Coupon 6.24000 Cusip N/A
Original Balance 24,236,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 24,236,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AA/Aa2 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
-------------------------------------------------------------------------------------------------------------
PRICE / YIELD
-------------------------------------------------------------------------------------------------------------
96.5488 6.7774 6.7774 6.7774 6.7774 6.7850
96.7988 6.7412 6.7412 6.7412 6.7412 6.7482
97.0488 6.7051 6.7051 6.7051 6.7051 6.7115
97.2988 6.6692 6.6692 6.6692 6.6692 6.6750
97.5488 6.6333 6.6333 6.6333 6.6333 6.6385
97.7988 6.5976 6.5976 6.5976 6.5976 6.6022
98.0488 6.5620 6.5620 6.5620 6.5620 6.5660
98.2988 6.5265 6.5265 6.5265 6.5265 6.5299
98.5488 6.4911 6.4911 6.4911 6.4911 6.4940
98.7988 6.4558 6.4558 6.4558 6.4558 6.4581
99.0488 6.4207 6.4207 6.4207 6.4207 6.4224
99.2988 6.3857 6.3857 6.3857 6.3857 6.3867
99.5488 6.3507 6.3507 6.3507 6.3507 6.3512
99.7988 6.3159 6.3159 6.3159 6.3159 6.3158
100.0488 6.2812 6.2812 6.2812 6.2812 6.2805
100.2988 6.2466 6.2466 6.2466 6.2466 6.2453
100.5488 6.2121 6.2121 6.2121 6.2121 6.2103
100.7988 6.1777 6.1777 6.1777 6.1777 6.1753
101.0488 6.1434 6.1434 6.1434 6.1434 6.1404
101.2988 6.1093 6.1093 6.1093 6.1093 6.1057
101.5488 6.0752 6.0752 6.0752 6.0752 6.0711
101.7988 6.0412 6.0412 6.0412 6.0412 6.0365
102.0488 6.0074 6.0074 6.0074 6.0074 6.0021
102.2988 5.9736 5.9736 5.9736 5.9736 5.9678
102.5488 5.9400 5.9400 5.9400 5.9400 5.9336
102.7988 5.9065 5.9065 5.9065 5.9065 5.8995
103.0488 5.8730 5.8730 5.8730 5.8730 5.8655
103.2988 5.8397 5.8397 5.8397 5.8397 5.8316
103.5488 5.8064 5.8064 5.8064 5.8064 5.7978
103.7988 5.7733 5.7733 5.7733 5.7733 5.7641
104.0488 5.7403 5.7403 5.7403 5.7403 5.7305
104.2988 5.7073 5.7073 5.7073 5.7073 5.6970
104.5488 5.6745 5.6745 5.6745 5.6745 5.6636
-------------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9083 9.9083 9.9083 9.9083 9.6839
FIRST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 02/15/2012
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 03/15/2012
PAYMENT WINDOW 1 1 1 1 2
ACCRUAL FACTOR 0.2947 0.2947 0.2947 0.2947 0.2947
MOD DURATION @ 100.5488 7.1987 7.1987 7.1987 7.1987 7.0797
Page 3 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
--------------------------------------------------------------------------------
MSDWCI MSDWCI SERIES 2002-TOP7 CLASS C
--------------------------------------------------------------------------------
Class C Settlement Date 06/18/2002 Coupon 6.33000 Cusip N/A
Original Balance 29,083,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/29/2002
Current Balance 29,083,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating A/A2 Next Payment Date 07/15/2002 Orig Deal Size 1,803,172,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100
---------------------------------------------------------------------------------------------------------
PRICE / YIELD
---------------------------------------------------------------------------------------------------------
96.4868 6.8803 6.8803 6.8803 6.8803 6.8861
96.7368 6.8440 6.8440 6.8440 6.8440 6.8492
96.9868 6.8077 6.8077 6.8077 6.8077 6.8125
97.2368 6.7715 6.7715 6.7715 6.7715 6.7759
97.4868 6.7355 6.7355 6.7355 6.7355 6.7395
97.7368 6.6996 6.6996 6.6996 6.6996 6.7031
97.9868 6.6638 6.6638 6.6638 6.6638 6.6669
98.2368 6.6281 6.6281 6.6281 6.6281 6.6308
98.4868 6.5926 6.5926 6.5926 6.5926 6.5947
98.7368 6.5571 6.5571 6.5571 6.5571 6.5589
98.9868 6.5218 6.5218 6.5218 6.5218 6.5231
99.2368 6.4865 6.4865 6.4865 6.4865 6.4874
99.4868 6.4514 6.4514 6.4514 6.4514 6.4519
99.7368 6.4164 6.4164 6.4164 6.4164 6.4165
99.9868 6.3815 6.3815 6.3815 6.3815 6.3811
100.2368 6.3468 6.3468 6.3468 6.3468 6.3459
100.4868 6.3121 6.3121 6.3121 6.3121 6.3108
100.7368 6.2775 6.2775 6.2775 6.2775 6.2758
100.9868 6.2431 6.2431 6.2431 6.2431 6.2410
101.2368 6.2087 6.2087 6.2087 6.2087 6.2062
101.4868 6.1745 6.1745 6.1745 6.1745 6.1715
101.7368 6.1404 6.1404 6.1404 6.1404 6.1370
101.9868 6.1063 6.1063 6.1063 6.1063 6.1025
102.2368 6.0724 6.0724 6.0724 6.0724 6.0682
102.4868 6.0386 6.0386 6.0386 6.0386 6.0340
102.7368 6.0049 6.0049 6.0049 6.0049 5.9998
102.9868 5.9713 5.9713 5.9713 5.9713 5.9658
103.2368 5.9378 5.9378 5.9378 5.9378 5.9319
103.4868 5.9044 5.9044 5.9044 5.9044 5.8981
103.7368 5.8711 5.8711 5.8711 5.8711 5.8644
103.9868 5.8379 5.8379 5.8379 5.8379 5.8308
104.2368 5.8048 5.8048 5.8048 5.8048 5.7972
104.4868 5.7718 5.7718 5.7718 5.7718 5.7638
---------------------------------------------------------------------------------------------------------
AVERAGE LIFE 9.9083 9.9083 9.9083 9.9083 9.7417
FIRST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 03/15/2012
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 03/15/2012
PAYMENT WINDOW 1 1 1 1 1
ACCRUAL FACTOR 0.2989 0.2989 0.2989 0.2989 0.2989
MOD DURATION @ 100.4868 7.1661 7.1661 7.1661 7.1661 7.0788
Page 4 of 4
--------------------------------------------------------------------------------
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 by 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 warrenty 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
MSDWCI SDWCI SERIES 2002-TOP7 CLASS A2
------------------------------------------------------------------------------------------------------------------------------------
Class A2 Settlement Date 06/18/2002 Coupon 6.13000 Cusip N/A
Original Balance 572,335,000.00 Dated Date 06/01/2002 Delay 14 Yield Table Date 05/31/2002
Current Balance 572,335,000.00 First Payment Date 07/15/2002 Lead Manager Xxxxxx Xxxxxxx & Co. Yield Frequency SemiAnnual
Credit Rating AAA/Aaa Next Payment Date 07/15/2002 Orig Deal Size 969,447,715.40 Yield Day Count 30/360
Market Desc N/A Payment Freq Monthly Num of Tranches 21
Factor 1.00000000 Interest Freq Monthly Deal Age 0
PREPAY CPR 0 (!YM) CPR 25 (!YM) CPR 50 (!YM) CPR 75 (!YM) CPR 100 CPR 25 CPR 50 CPR 75
TREASURY SHIFT
---------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
---------------------------------------------------------------------------------------------------------------------------------
96.5049 6.6750 6.6756 6.6763 6.6774 6.6849 6.6879 6.6916 6.6918
96.7549 6.6386 6.6390 6.6397 6.6407 6.6477 6.6510 6.6544 6.6545
97.0049 6.6022 6.6026 6.6032 6.6041 6.6105 6.6141 6.6173 6.6172
97.2549 6.5659 6.5663 6.5669 6.5677 6.5735 6.5774 6.5804 6.5801
97.5049 6.5298 6.5302 6.5306 6.5314 6.5366 6.5408 6.5435 6.5432
97.7549 6.4938 6.4941 6.4945 6.4952 6.4998 6.5043 6.5068 6.5063
98.0049 6.4579 6.4582 6.4585 6.4591 6.4632 6.4679 6.4702 6.4696
98.2549 6.4221 6.4223 6.4227 6.4231 6.4266 6.4317 6.4337 6.4330
98.5049 6.3864 6.3866 6.3869 6.3873 6.3902 6.3956 6.3973 6.3965
98.7549 6.3509 6.3510 6.3512 6.3516 6.3539 6.3595 6.3610 6.3601
99.0049 6.3154 6.3155 6.3157 6.3159 6.3177 6.3236 6.3249 6.3238
99.2549 6.2801 6.2802 6.2803 6.2804 6.2816 6.2879 6.2889 6.2876
99.5049 6.2449 6.2449 6.2450 6.2450 6.2456 6.2522 6.2530 6.2516
99.7549 6.2097 6.2097 6.2097 6.2097 6.2098 6.2166 6.2172 6.2157
100.0049 6.1747 6.1747 6.1747 6.1746 6.1740 6.1812 6.1815 6.1799
100.2549 6.1399 6.1398 6.1397 6.1395 6.1384 6.1458 6.1459 6.1442
100.5049 6.1051 6.1050 6.1048 6.1046 6.1029 6.1106 6.1104 6.1086
100.7549 6.0704 6.0702 6.0700 6.0697 6.0675 6.0755 6.0751 6.0731
101.0049 6.0358 6.0356 6.0354 6.0350 6.0322 6.0405 6.0398 6.0377
101.2549 6.0014 6.0011 6.0008 6.0003 5.9970 6.0056 6.0047 6.0025
101.5049 5.9670 5.9668 5.9664 5.9658 5.9619 5.9708 5.9697 5.9673
101.7549 5.9328 5.9325 5.9321 5.9314 5.9269 5.9361 5.9347 5.9323
102.0049 5.8987 5.8983 5.8978 5.8971 5.8920 5.9015 5.8999 5.8973
102.2549 5.8646 5.8642 5.8637 5.8629 5.8573 5.8670 5.8652 5.8625
102.5049 5.8307 5.8303 5.8297 5.8288 5.8226 5.8326 5.8306 5.8278
102.7549 5.7969 5.7964 5.7958 5.7948 5.7881 5.7984 5.7961 5.7932
103.0049 5.7631 5.7626 5.7619 5.7609 5.7536 5.7642 5.7617 5.7587
103.2549 5.7295 5.7290 5.7282 5.7271 5.7193 5.7302 5.7275 5.7243
103.5049 5.6960 5.6954 5.6946 5.6934 5.6850 5.6962 5.6933 5.6900
103.7549 5.6626 5.6620 5.6611 5.6599 5.6509 5.6624 5.6592 5.6558
104.0049 5.6293 5.6286 5.6277 5.6264 5.6169 5.6286 5.6252 5.6217
104.2549 5.5960 5.5954 5.5944 5.5930 5.5830 5.5950 5.5914 5.5877
104.5049 5.5629 5.5622 5.5612 5.5597 5.5491 5.5614 5.5576 5.5538
------------------------
AVERAGE LIFE 9.7331 9.7183 9.6980 9.6676 9.4584 9.5691 9.4872 9.4431
FIRST PRIN 11/15/2011 11/15/2011 10/15/2011 10/15/2011 08/15/2011 05/15/2010 06/15/2009 04/15/2009
LAST PRIN 05/15/2012 05/15/2012 05/15/2012 05/15/2012 02/15/2012 05/15/2012 04/15/2012 04/15/2012
PAYMENT WINDOW 7 7 8 8 7 25 35 37
ACCRUAL FACTOR 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895
MOD DURATION @ 100.5049 7.1425 7.1344 7.1235 7.1070 6.9934 7.0513 7.0045 6.9799
PREPAY CPR 100 CPR 25 CPR 50 CPR 75 CPR 100 CPR 25 CPR 50 CPR 75 CPR 100
TREASURY SHIFT 0.5 0.5 0.5 0.5 -0.5 -0.5 -0.5 -0.5
------------------------------------------------------------------------------------------------------------------------------------
PRICE / YIELD
------------------------------------------------------------------------------------------------------------------------------------
96.5049 6.7015 6.6866 6.6902 6.6909 6.7002 6.6892 6.6930 6.6927 6.7028
96.7549 6.6636 6.6497 6.6530 6.6535 6.6623 6.6522 6.6558 6.6554 6.6649
97.0049 6.6257 6.6128 6.6159 6.6163 6.6245 6.6154 6.6187 6.6182 6.6271
97.2549 6.5880 6.5761 6.5790 6.5792 6.5868 6.5787 6.5818 6.5811 6.5894
97.5049 6.5505 6.5395 6.5421 6.5422 6.5492 6.5421 6.5449 6.5441 6.5518
97.7549 6.5130 6.5030 6.5054 6.5054 6.5117 6.5056 6.5082 6.5072 6.5143
98.0049 6.4757 6.4667 6.4688 6.4687 6.4744 6.4692 6.4716 6.4705 6.4770
98.2549 6.4385 6.4304 6.4323 6.4320 6.4372 6.4330 6.4351 6.4339 6.4398
98.5049 6.4014 6.3943 6.3959 6.3955 6.4001 6.3969 6.3987 6.3974 6.4027
98.7549 6.3644 6.3583 6.3597 6.3591 6.3631 6.3608 6.3624 6.3610 6.3657
99.0049 6.3275 6.3224 6.3235 6.3229 6.3262 6.3249 6.3263 6.3247 6.3288
99.2549 6.2908 6.2866 6.2875 6.2867 6.2895 6.2891 6.2903 6.2886 6.2921
99.5049 6.2542 6.2509 6.2516 6.2507 6.2529 6.2535 6.2544 6.2525 6.2555
99.7549 6.2176 6.2153 6.2158 6.2148 6.2164 6.2179 6.2186 6.2166 6.2189
100.0049 6.1812 6.1799 6.1801 6.1789 6.1800 6.1824 6.1829 6.1808 6.1825
100.2549 6.1450 6.1445 6.1445 6.1432 6.1437 6.1471 6.1473 6.1451 6.1463
100.5049 6.1088 6.1093 6.1090 6.1076 6.1075 6.1119 6.1118 6.1095 6.1101
100.7549 6.0727 6.0742 6.0737 6.0722 6.0714 6.0768 6.0765 6.0740 6.0740
101.0049 6.0368 6.0392 6.0384 6.0368 6.0355 6.0417 6.0412 6.0386 6.0381
101.2549 6.0009 6.0043 6.0033 6.0015 5.9997 6.0068 6.0061 6.0034 6.0022
101.5049 5.9652 5.9695 5.9683 5.9664 5.9639 5.9720 5.9711 5.9682 5.9665
101.7549 5.9296 5.9348 5.9334 5.9314 5.9283 5.9374 5.9361 5.9332 5.9309
102.0049 5.8941 5.9002 5.8986 5.8964 5.8928 5.9028 5.9013 5.8983 5.8954
102.2549 5.8587 5.8658 5.8639 5.8616 5.8574 5.8683 5.8666 5.8634 5.8600
102.5049 5.8234 5.8314 5.8293 5.8269 5.8221 5.8339 5.8320 5.8287 5.8247
102.7549 5.7882 5.7971 5.7948 5.7923 5.7869 5.7997 5.7975 5.7941 5.7895
103.0049 5.7532 5.7630 5.7604 5.7577 5.7519 5.7655 5.7631 5.7596 5.7545
103.2549 5.7182 5.7289 5.7261 5.7233 5.7169 5.7315 5.7289 5.7252 5.7195
103.5049 5.6833 5.6950 5.6919 5.6890 5.6820 5.6975 5.6947 5.6909 5.6846
103.7549 5.6486 5.6611 5.6578 5.6548 5.6473 5.6637 5.6606 5.6567 5.6499
104.0049 5.6139 5.6274 5.6239 5.6208 5.6126 5.6299 5.6266 5.6226 5.6152
104.2549 5.5794 5.5937 5.5900 5.5868 5.5781 5.5963 5.5927 5.5886 5.5807
104.5049 5.5449 5.5602 5.5562 5.5529 5.5436 5.5627 5.5590 5.5547 5.5462
------------------------
AVERAGE LIFE 9.2385 9.5691 9.4872 9.4431 9.2385 9.5691 9.4872 9.4431 9.2385
FIRST PRIN 04/15/2009 05/15/2010 06/15/2009 04/15/2009 04/15/2009 05/15/2010 06/15/2009 04/15/2009 04/15/2009
LAST PRIN 02/15/2012 05/15/2012 04/15/2012 04/15/2012 02/15/2012 05/15/2012 04/15/2012 04/15/2012 02/15/2012
PAYMENT WINDOW 35 25 35 37 35 25 35 37 35
ACCRUAL FACTOR 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895 0.2895
MOD DURATION @ 100.5049 6.8677 7.0513 7.0046 6.9800 6.8678 7.0512 7.0044 6.9799 6.8677
Page 1 of 1
--------------------------------------------------------------------------------
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.
