Morgan Stanley plans six-month 9% to 11% ELKS linked to Mosaic

By Susanna Moon

Chicago, June 28 - Morgan Stanley plans to price 9% to 11% annualized Equity LinKed Securities due Jan. 25, 2012 linked to Mosaic Co. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Mosaic shares fall to or below 80% of the initial price during the life of the notes, in which case the payout will be a number of shares of Mosaic stock equal to $10 divided by the initial price or, at the issuer's option, a cash amount equal to the value of those shares.

Morgan Stanley & Co. Inc. is the agent.

The notes will price on July 25 and settle on July 28.

The Cusip is 61760E515.

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