Morgan Stanley plans six-month 15% to 17% ELKS linked to Halliburton

By Jennifer Chiou

New York, Sept. 28 - Morgan Stanley plans to price 15% to 17% annualized Equity LinKed Securities due April 24, 2012 linked to the common stock of Halliburton Co., according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly. The exact rate will be set at pricing.

The payout at maturity will be par of $10 unless Halliburton shares fall to or below 80% of the initial price during the life of the notes, in which case the payout will be a number of shares of Halliburton stock equal to $10 divided by the initial price or, at the issuer's option, a cash amount equal to the value of those shares.

The securities (Cusip: 61760P833) will price on Oct. 25 and settle on Oct. 28.

Morgan Stanley & Co. LLC is the agent.

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