Morgan Stanley to price two-year jump securities linked to Apple

By Angela McDaniels

Tacoma, Wash., May 23 - Morgan Stanley plans to price 0% jump securities due June 2014 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the greater of the stock return and the upside payment, which is expected to be 37% to 41% and will be set at pricing. If the final share price is less than the initial share price, investors will be fully exposed to the decline.

The notes (Cusip: 61755S305) will price in May and settle in June.

Morgan Stanley & Co. LLC is the agent.

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