Morgan Stanley to price 0% trigger securities linked to SPDR Gold Trust

By E. Janene Geiss

Philadelphia, Sept. 29 - Morgan Stanley plans to price zero-coupon trigger securities due October 2009 linked to shares of the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any gain on the price of shares, capped at $13.60 to $13.80. The exact cap will be determined at pricing.

If the final share price return is negative and the fund has not decreased below the trigger level - 65% of the initial level - during the life of the notes, investors will receive par. If the final return is negative and the fund has dipped below the trigger level, investors will share in the loss.

The notes will price in September.

Morgan Stanley will be the underwriter.

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