Morgan Stanley to price 0% buffered return enhanced notes linked to Asian index basket via JPMorgan

By Laura Lutz

Des Moines, June 25 - Morgan Stanley plans to price 0% buffered return enhanced notes due Sept. 4, 2008 linked to a basket of Asian equity indexes via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to an FWP filing with the Securities and Exchange Commission.

The basket will include the Kospi 200 index with a 29.65% weight, the FTSE/Xinhua China 25 index with a 22% weight, the MSCI Taiwan index with a 21.75% weight, the Amex Hong Kong 30 index with a 16.5% weight and the MSCI Singapore index with a 10.1% weight.

The notes are expected to price June 29 and settle July 6.

The payout at maturity will be par plus double any positive return on the index up to a maximum return, which is expected to be at least 18% and will be determined at pricing. If the index declines by 10% or less, the payout will be par. Investors will lose 1.1111% for every 1% the index declines beyond 10%.

The final index level will be the average of the index closing levels on the five days ending Aug. 29, 2008.

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