Morgan Stanley plans to price callable notes with contingent coupon linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Sept. 10 - Morgan Stanley plans to price callable notes with contingent coupon due September 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly. The coupon will be fixed at 7% to 7.3% for the first year. After that time, the notes will pay interest at the rate of 7% to 7.3% per year only if the index closes above 750 on the observation date for that quarter. If the index closes at or below the barrier level, no interest will be paid for that quarter.

The exact coupon will be set at pricing.

The payout at maturity will be par.

Beginning in September 2013, the notes will be callable at par on any interest payment date.

The notes (Cusip: 617482NL4) will price and settle in September.

Morgan Stanley & Co. Inc. is the agent.

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