Morgan Stanley to price capital-protected notes linked to S&P BRIC 40, three currencies

By Susanna Moon

Chicago, July 29 - Morgan Stanley plans to price zero-coupon capital-protected notes due Nov. 30, 2011 linked to a basket consisting of an index and three currencies, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P BRIC 40 index, weighted at 45%, and the Brazilian real, the Russian ruble and the Indian rupee, each weighted at 18.3333%.

Payout at maturity will be par plus 110% to 120% of any basket gain, with the exact participation rate to be set at pricing. Investors will receive at least par.

The notes are expected to price on Aug. 22 and settle in Aug. 29.

Morgan Stanley & Co. Inc. will be the agent.

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