New Issue: Morgan Stanley prices $2 million Lasers linked to Brent crude oil

By Angela McDaniels

Tacoma, Wash., Feb. 16 - Morgan Stanley priced $2 million of 0% commodity Leading Stockmarket Return Securities due March 21, 2013 linked to Brent blend crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of Brent blend crude oil remains greater than 70% of the initial price throughout the life of the notes, the payout at maturity will be par plus 11%. Otherwise, the payout will be par plus the final percentage change in the price, which could be positive or negative, subject to a maximum payout of 111% of par.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley
Issue:	Commodity Leading Stockmarket Return Securities
Underlying commodity:	Brent blend crude oil
Amount:	$2 million
Maturity:	March 21, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If price of oil declines by 30% or more during life of notes, par plus final percentage change in price of oil, which could be positive or negative, subject to maximum payout of 111% of par; otherwise, par plus 11%
Initial index level:	$118.93
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Underwriter:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	617482M43

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