Morgan Stanley plans to price 9%-11% ELKS linked to Bank of America

By Angela McDaniels

Tacoma, Wash., Aug. 31 - Morgan Stanley plans to price 9% to 11% annualized Equity LinKed Securities due March 25, 2011 linked to the common stock of Bank of America Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Bank of America stock closes at or below the threshold price - 75% of the initial share price - during the life of the notes, in which case the payout will be a number of Bank of America shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.

The notes (Cusip: 61759G315) are expected to price Sept. 24 and settle Sept. 29.

Morgan Stanley & Co. Inc. is the agent.

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