Morgan Stanley plans trigger notes linked to iShares FTSE China 25

By Angela McDaniels

Tacoma, Wash., June 14 - Morgan Stanley plans to price 0% trigger securities due June 2013 linked to the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund's final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the fund return, subject to a maximum return of 37% to 42% that will be set at pricing.

If the final share price is less than the initial share price, the payout will be par unless the fund's shares have closed at or below the trigger level - 70% of the initial share price - during the life of the notes. In that case, the payout will be par plus the fund return, which will result in a loss.

The notes (Cusip: 61760E432) will price and settle in June.

Morgan Stanley & Co. LLC is the agent.

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