Morgan Stanley plans to price PLUS linked to three currencies

By E. Janene Geiss

Philadelphia, May 26 - Morgan Stanley plans to price 0% Performance Leveraged Upside Securities due Dec. 28, 2012 linked to the performance of a basket of currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Chilean peso, the Korean won and the Philippine peso.

The payout at maturity will be par of $10 plus double any increase in the basket, subject to a maximum return of 30% to 40% that will be set at pricing. Investors will be exposed to any basket decline.

The notes (Cusip: 617482SA3) are expected to price June 24 and settle June 29.

Morgan Stanley & Co. Inc. is the agent.

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