New Issue: Morgan Stanley prices $1.73 million PLUS notes linked to Nasdaq 100

By Angela McDaniels

Tacoma, Wash., Nov. 26 - Morgan Stanley priced $1.73 million of 0% Performance Leveraged Upside Securities (PLUS) due Dec. 20, 2008 linked to the Nasdaq 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 17%. Investors will be fully exposed to any index decline.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities (PLUS)
Underlying index:	Nasdaq 100
Amount:	$1.73 million
Maturity:	Dec. 20, 2008
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, subject to maximum return of 17%; full exposure to any index decline
Initial index level:	2,028.9
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.5%

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