Morgan Stanley to sell 0% capital-protected notes linked to currency basket

By Jennifer Chiou

New York, March 23 - Morgan Stanley plans to price 0% currency-linked capital-protected notes due April 30, 2009 linked to a basket of four currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, British pound, euro and New Zealand dollar, all equally weighted.

At maturity, investors will receive par plus 165% to 175% of the basket gain if the basket performance is positive and par if the basket performance is negative.

Morgan Stanley will be the agent.

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