Morgan Stanley to price 0% absolute return notes linked to iShares MSCI EAFE index fund

By Jennifer Chiou

New York, Jan. 28 - Morgan Stanley plans to price zero-coupon protected absolute return barrier notes due Aug. 20, 2009 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will price and settle in February.

If the share price of the index fund remains within the price range at all times during the life of the notes, the payout at maturity will be par of $10 plus the absolute value of the share price gain or decline, capped at between 16% and 18%. Otherwise, the payout will be par.

The lower and upper boundaries of the price range will be between 82% and 84% and between 116% and 118% of the initial index level, respectively. The exact range will be determined at pricing.

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

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