Morgan Stanley plans to issue 0% notes linked to five currencies

By Angela McDaniels

Seattle, Oct. 23 - Morgan Stanley plans to price an issue of 0% capital-protected notes due April 15, 2009 linked to basket containing equal weights of the Australian dollar, Canadian dollar, euro, pound and yen, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will settle sometime in November.

The payout at maturity will be based upon the performance of each currency against the dollar.

Investors will receive par plus any positive return on the index multiplied by a participation rate, which is expected to be between 140% and 150% and will be determined at pricing. Investors will receive at least par.

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

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