New Issue: Morgan Stanley prices $3.05 million PLUS linked to Google

By Susanna Moon

Chicago, Feb. 29 - Morgan Stanley priced $3.05 million of 0% Performance Leveraged Upside Securities (PLUS) due March 31, 2009 linked to the Google Inc., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any stock gain, subject to a maximum payment of 128% of par. Investors will be fully exposed to any stock decline.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities (PLUS)
Underlying stock:	Google Inc. (Nasdaq: GOOG)
Amount:	$3.05 million
Maturity:	March 31, 2009
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any stock gain, capped at 128% of par; full exposure to any stock decline
Initial share price:	$473.82
Pricing date:	Feb. 28
Settlement date:	March 6
Agent:	Morgan Stanley & Co. Inc.
Fees:	1.25%

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