Morgan Stanley plans to price 7.2%-8.2% ELKS linked to Apple stock

By E. Janene Geiss

Philadelphia, Aug. 11 - Morgan Stanley plans to price Equity LinKed Securities due February 2011 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will carry a coupon of 7.2% to 8.2% per year. Interest will be payable monthly.

The payout at maturity will be par of $10 unless Apple stock closes at or below the threshold price - 80% of the initial share price - during the life of the notes, in which case the payout will be a number of Apple shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.

The notes (Cusip: 61759G6879) will price and settle in August.

Morgan Stanley & Co. Inc. is the agent.

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