Morgan Stanley to price two-year Commodity Lasers linked to gold

By Jennifer Chiou

New York, Oct. 12 - Morgan Stanley plans to price 0% Commodity Leading Stockmarket Return Securities due October 2012 linked to gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the price of gold remains above 80% of the initial price throughout the life of the notes, the payout at maturity will be par plus the greater of the gold return and a fixed percentage of 12%.

If the price of gold falls to or below 80% of the initial level during the life of the notes, the payout will be par plus the gold return, which could be positive or negative.

In either case, the maximum payout at maturity will be capped at 30%.

The notes (Cusip: 617482NZ3) will price and settle in October.

Morgan Stanley & Co. Inc. is the underwriter.

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