Morgan Stanley to price 7.2% to 9.2% ELKS linked to Yahoo! stock

By Jennifer Chiou

New York, Oct. 8 - Morgan Stanley plans to price 7.2% to 9.2% annualized Equity LinKed Securities due April 2011 linked to Yahoo! Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par in cash unless Yahoo! shares fall below the protection price, 80% of the initial price, during the life of the notes and finish below the initial price, in which case the payout will be shares of Yahoo! stock equal to $10 divided by the initial price.

The securities (Cusip: 61759G430) will price and settle in October.

Morgan Stanley & Co. Inc. is the agent.

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