Morgan Stanley plans buffered jump securities tied to Brazilian real

By Marisa Wong

Milwaukee, June 29 - Morgan Stanley plans to price 0% buffered jump securities due Dec. 23, 2011 based on the performance of the Brazilian real relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

If the real strengthens relative to the dollar, the payout at maturity will be par of $1,000 plus 20% to 25%. The exact upside payment will be set at pricing.

If the real weakens relative to the dollar by no more than 10%, investors will receive par.

If the real weakens relative to the dollar by more than 10%, investors will lose 1% for every 1% beyond the 10% buffer.

The notes are expected to price and settle in July.

Morgan Stanley & Co. Inc. is the agent.

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