New Issue: Morgan Stanley sells $1.68 million buffered PLUS tied to Russell 2000

By Toni Weeks

San Diego, Aug. 24 - Morgan Stanley priced $1.68 million of 0% buffered Performance Leveraged Upside Securities due Sept. 25, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum payment of $1,202.50 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$1,682,000
Maturity:	Sept. 25, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to a maximum of $1,202.50 per $1,000 note; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	651.34
Pricing date:	Aug. 22
Settlement date:	Aug. 25
Agent:	Morgan Stanley & Co. Inc.
Fees:	2.5%
Cusip:	617482XP4

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