Morgan Stanley plans commodity Lasers linked to Brent blend crude oil

By Marisa Wong

Madison, Wis., March 16 - Morgan Stanley plans to price 0% commodity Lasers due May 2013 linked to Brent blend crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Brent blend crude oil remains above 74% of the initial price throughout the life of the notes, the payout at maturity will be par plus the greater of the oil return and a fixed percentage of 10%.

If the price of Brent blend crude oil falls to or below 74% of the initial price during the life of the notes, the payout will be par plus the Brent blend crude oil return, which could be positive or negative.

In either case, the maximum payout at maturity will be $1,260 to $1,300 per $1,000 principal amount.

The securities (Cusip: 617482M92) will price in March and settle in April.

Morgan Stanley & Co. LLC is the underwriter.

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