Morgan Stanley plans PLUS linked to Asian currency basket, dollar

By Susanna Moon

Chicago, Nov. 17 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due May 29, 2012 based on the performance of four equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Indian rupee, Indonesian rupiah, Korean won and Singapore dollar.

The payout at maturity will be par plus 4.5 times any basket gain, up to a maximum payout of at least $1,225 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 61747WAC3) will price on Nov. 19 and settle on Nov. 29.

Morgan Stanley & Co. Inc. is the agent.

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