Morgan Stanley to price PLUS linked to iShares FTSE/Xinhua China 25

By Jennifer Chiou

New York, April 24 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due June 21, 2010 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund's final share price is greater than the initial price, then the payout at maturity will be par of $10 plus triple the gain. The payout will be subject to a maximum return that is expected to be 41% to 46% and will be set at pricing.

If the fund's final share price is less than the initial price, then investors will share in the decline.

The securities will price and settle in May.

The agent is Morgan Stanley & Co. Inc.

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