Morgan Stanley to price PLUS linked to S&P 500 with triple leverage

By Angela McDaniels

Tacoma, Wash., Aug. 10 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due September 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10.00 plus 300% of the index return. The payout will be subject to a cap of $11.625 to $11.925 that will be set at pricing. Investors will be fully exposed to the decline if the final index value is less than the initial index level.

The notes (Cusip: 61760E275) will price and settle in August.

Morgan Stanley & Co. LLC is the agent.

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