Morgan Stanley plans PLUS tied to Financial Select Sector SPDR fund

By Marisa Wong

Madison, Wis., June 14 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due July 2012 linked to the Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the fund, subject to a maximum return of 16% to 20% that will be set at pricing. Investors will be fully exposed to any decline in the index.

The notes (Cusip: 61760E416) will price and settle in June.

Morgan Stanley & Co. LLC is the agent.

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