Morgan Stanley plans Index Lasers tied to Dow Jones Industrial Average

By Marisa Wong

Milwaukee, Feb. 24 - Morgan Stanley plans to price 0% Index LeAding StockmarkEt Return Securities due March 26, 2013 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

If the index remains above 70% of its initial level throughout the life of the notes, the payout at maturity will be par of $10 plus the greater of the index return and a fixed percentage of 11% to 15%. The exact percentage will be set at pricing.

If the index falls to or below 70% of its initial level during the life of the notes, the payout will be par plus the index return, which could be positive or negative.

The securities are expected to price and settle in March.

Morgan Stanley & Co. Inc. is the underwriter.

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