Morgan Stanley plans 0% PLUS notes linked to Barron's 400

By Jennifer Chiou

New York, Sept. 21 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities (PLUS) due Jan. 20, 2009 linked to the Barron's 400 index, according to an FWP filing with the Securities and Exchange Commission.

The Barron's 400 measures the performance of a diversified group of U.S. companies that are selected based on fundamentals-related, rules-based criteria every six months from the Dow Jones Wilshire 5000 Composite index.

The notes are expected to price and settle in October.

The payout at maturity will be par of $10.00 plus any positive return on the index times an upside leverage factor of 200%, up to a maximum that will be determined at pricing and expected to be between $11.70 and $12.00 per note. Investors will participate fully in any loss.

Morgan Stanley & Co. Inc. will be the agent.

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