Morgan Stanley to offer three-year index Lasers linked to S&P 500

By Susanna Moon

Chicago, Oct. 4 - Morgan Stanley plans to price 0% index Leading Stockmarket Return Securities due October 2013 based on the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above 80% of its initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed percentage of 15% to 17%, with the exact amount to be set at pricing.

Otherwise, the payout will be par plus the index return with exposure to losses.

The payout will be capped at 143% of par.

The notes (Cusip 61759G414) will price and settle in October.

Morgan Stanley & Co. Inc. is the agent.

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