Morgan Stanley plans to sell buffered PLUS linked to stock basket

By Susanna Moon

Chicago, March 15 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due September 2012 based on a basket of 20 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Thermo Fisher Scientific, Inc., Symantec Corp., L-3 Communications Holdings, Inc., Agilent Technologies, Inc., Steris Corp., VeriSign, Inc., Zebra Technologies Corp., ManTech International Corp., Saic, Inc., McAfee Inc., Harris Corp., Check Point Software Technologies Ltd., FLIR Systems, Inc., Blue Coat Systems, Inc., Tetra Tech, Inc., Lockheed Martin Corp., Boeing Co., General Dynamics Corp., Raytheon Co. and Honeywell International Inc.

The payout at maturity will be par of $10.00 plus 1.2 times any gain in the basket, up to a maximum payment of $12.30 to $12.50 per note. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 5% and will be exposed to any decline beyond the buffer.

The notes will price and settle in March.

Morgan Stanley & Co. Inc. is the agent.

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