New Issue: Morgan Stanley prices $2.17 million 8% Sparqs exchangeable for Nvidia

New York, Nov. 2 - Morgan Stanley priced $2.17 million of one-year 8% Sparqs (Stock Participation Accreting Redemption Quarterly-pay Securities) that are mandatorily exchangeable for the common stock of Nvidia Corp., according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Morgan Stanley
Issue:	Sparqs (Stock Participation Accreting Redemption Quarterly-pay Securities) senior medium-term notes
Underlying stock:	Nvidia Corp.
Amount:	$2.174 million
Maturity:	Nov. 15, 2005
Coupon:	8%, payable quarterly
Price:	Par of $14.49 (equal to closing price of Nvidia stock on pricing date)
Exchange ratio:	1 (mandatory, at maturity)
Call:	May 15, 2005 onwards at price to give yield to call of 38%
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Underwriter:	Morgan Stanley

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