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

By Jennifer Chiou

New York, Aug. 22 - Morgan Stanley plans to price 0% enhanced 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.

Payout at maturity will be the base redemption amount - expected to be 116% to 118% of par - plus 200% of any index gain. Investors will share in any losses, with a floor of 16% to 18%.

The notes are expected to price and settle in September.

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

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