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Published on 8/25/2008 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $13.48 million 'jump' protected notes linked to BRIC currencies

By Susanna Moon

Chicago, Aug. 25 - Morgan Stanley priced $13.48 million of zero-coupon "jump" capital-protected notes due Aug. 31, 2011 linked to a basket of four equally weighted emerging market currencies, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

Payout at maturity will be par plus the greater of $350, the jump amount, or the basket gain. Investors will receive at least par.

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

Issuer:Morgan Stanley
Issue:"Jump" capital-protected notes
Underlying currencies:Brazilian real, Russian ruble, Indian rupee and Chinese renminbi
Amount:$13,481,000
Maturity:Aug. 31, 2011
Coupon:0%
Price:Par
Payout at maturity:Par plus greater of $350, the jump amount, or the basket gain; floor of par
Initial exchange rates:1.6209 for the real, 24.2992 for the ruble, 43.38 for the rupee and 6.8357 for the renminbi
Pricing date:Aug. 22
Settlement date:Aug. 29
Agent:Morgan Stanley & Co. Inc.
Fees:2%

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