Correction: Morgan Stanley to price two-year buffered PLUS linked to S&P 500

The Dec. 26 edition of the Prospect News Structured Products Daily incorrectly reported the maturity date of Morgan Stanley's upcoming offering of 0% buffered Performance Leveraged Upside Securities linked to the S&P 500 index. A corrected version follows:

By E. Janene Geiss

Philadelphia, Dec. 24 - Morgan Stanley plans to price an offering of 0% buffered Performance Leveraged Upside Securities due Jan. 20, 2011 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus double any gain on the index, up to a maximum payout of 162% to 166% of par. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes are expected to price on Jan. 23.

The issuer will apply to list the notes on NYSE Arca under the symbol "SBV."

Morgan Stanley & Co. Inc. will be the agent.

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