Morgan Stanley plans to price notes linked to Consumer Price Index

By Angela McDaniels

Tacoma, Wash., Aug. 6 - Morgan Stanley plans to price floating-rate notes due Aug. 26, 2016 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be fixed at 3.5% per year for the first two years. Beginning Aug. 26, 2011, interest will equal 2% plus the year-over-year change in the index, subject to a floor of zero. Interest is payable monthly.

The payout at maturity will be par.

The notes will price in August and settle on Aug. 26.

Morgan Stanley & Co. Inc. is the agent.

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