New Issue: Morgan Stanley prices $8.54 million PLUS tied to Financial Select fund

By Toni Weeks

San Diego, June 28 - Morgan Stanley priced $8.54 million of 0% Performance Leveraged Upside Securities due July 30, 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 plus double any gain in the fund, up to a maximum payment of $11.80 per $10.00 principal amount.

Investors will be fully exposed to any losses.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Financial Select Sector SPDR
Amount:	$8,538,470
Maturity:	July 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain in fund, up to a maximum of $11.80 per $10.00 note; full exposure to losses
Initial level:	$14.77
Pricing date:	June 24
Settlement date:	June 29
Agent:	Morgan Stanley & Co. Inc.
Fees:	2%
Cusip:	61760E416

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