Morgan Stanley to sell participation securities linked to Radar Logic Residential Property index

By Jennifer Chiou

New York, Oct. 31 - Morgan Stanley plans to price 0% participation securities due Jan. 5, 2011 based on the Radar Logic Residential Property index, according to a 424B2 filing with the Securities and Exchange Commission.

The index is designed to reflect the median price per square foot of residential property in 25 metropolitan statistical areas in the United States, as averaged over rolling 28-day periods.

The payout at maturity will be a base redemption amount of $1,200 per $1,000 security plus the return on the index. Investors will receive at least 20% of par.

The notes are expected to price and settle in November.

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

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