Morgan Stanley increases upside payment for jump securities tied to Financial Select SPDR fund

By Angela McDaniels

Tacoma, Wash., March 15 - Morgan Stanley increased the upside payment for its upcoming 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's final share price is greater than its initial share price, the payout at maturity will be par plus 17% to 20%. The exact upside payment will be set at pricing.

Before the change, the upside payment was expected to be 15% to 18%.

If the fund's final share price is less than its initial share price, investors will be exposed to the decline.

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

Morgan Stanley & Co. Inc. is the agent.

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