Morgan Stanley to price PLUS due 2012 linked to S&P 500 index

By Marisa Wong

Madison, Wis., Nov. 4 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due December 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus triple the index gain, subject to a maximum return of 13.8% to 17.8%. The exact cap will be set at pricing.

If the final index level is less than or equal to the initial level, the payout will be par plus the index return. Investors will be fully exposed to losses.

The notes (Cusip: 61760T181) will price and settle in November.

Morgan Stanley & Co. LLC is the agent.

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