Morgan Stanley plans 6.5%-8.5% RevCons linked to IBEX 35, FTSE MIB

By Susanna Moon

Chicago, Aug. 21 - Morgan Stanley plans to price 6.5% to 8.5% reverse convertible notes due September 2014 linked to the worst performing of the IBEX 35 index and the FTSE MIB index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable at maturity, with the exact rate to be set at pricing.

The payout at maturity will be par unless any stock finishes below its 75% barrier level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the stock's initial share price or, at the issuer's option, the cash equivalent.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price in August and settle in September.

The Cusip number is 61761JKU2.

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