New Issue: Morgan Stanley prices $4.86 million Equity Lasers linked to iShares MSCI EAFE index fund

By Angela McDaniels

Tacoma, Wash., Aug. 3 - Morgan Stanley priced $4.86 million of 0% Equity Leading Stockmarket Return Securities due Feb. 3, 2012 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

If the exchange-traded fund's shares close at or below the downside threshold price - 71% of the initial share price - on any day during the life of the notes, the payout at maturity will be par of $10 plus the fund return, which could be positive or negative. Otherwise, the payout will be par plus any positive fund return, subject to a floor of par.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Equity Leading Stockmarket Return Securities
Underlying ETF:	iShares MSCI EAFE index fund
Amount:	$4,862,000
Maturity:	Feb. 3, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If the ETF's shares never close at or below the downside threshold price, par plus greater of zero and fund return; otherwise, par plus fund return with exposure to losses
Initial share price:	$51.92
Downside threshold price:	$36.8632, 71% of initial share price
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.4285%
Cusip:	61759G661

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