Morgan Stanley plans 13-month 0% PLUS linked to S&P 500 index

By Susanna Moon

Chicago, June 25 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due Aug. 25, 2011 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum of $11.30 to $11.80 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price in July and settle three business days later.

Morgan Stanley & Co. Inc. is the agent.

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