New Issue: Morgan Stanley prices $7.72 million buffered return enhanced notes tied to S&P MidCap 400

By Jennifer Chiou

New York, Dec. 9 - Morgan Stanley priced $7.72 million of 0% buffered return enhanced notes due Dec. 23, 2011 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 13.64%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Agent Morgan Stanley & Co. Inc. will pay all fees to J.P. Morgan Securities LLC as the dealer.

Issuer:	Morgan Stanley
Issue:	Buffered return enhanced notes
Underlying index:	S&P MidCap 400
Amount:	$7,719,000
Maturity:	Dec. 23, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, up to maximum return of 13.64%; par if index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	887.69
Pricing date:	Dec. 7
Settlement date:	Dec. 14
Agents:	J.P. Morgan Securities LLC, Morgan Stanley & Co. Inc.
Fees:	1%
Cusip:	617482PZ1

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