Morgan Stanley plans jump securities linked to Financial Select SPDR

By Susanna Moon

Chicago, Feb. 24 - Morgan Stanley plans to price 0% jump securities due Sept. 24, 2012 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial price, the payout at maturity will be par plus 15% to 18%. The exact upside payment will be set at pricing.

Investors will share in losses.

The notes (Cusip: 61760E762) will price on March 25 and settle on March 30.

Morgan Stanley & Co. Inc. is the agent.

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