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Published on 4/29/2005 in the Prospect News Convertibles Daily.

New Issue: Morgan Stanley prices $15.5 million notes linked to Dow Jones Industrial Average

New York, April 29 - Morgan Stanley priced $15.5 million of two-year Performance Leveraged Upside Securities linked to the Dow Jones Industrial Average, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:Morgan Stanley
Issue:Performance Leveraged Upside Securities (PLUS) senior notes
Underlying index:Dow Jones Industrial Average
Amount:$15.5 million
Maturity:April 30, 2007
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus twice return on the Dow Jones Industrial Average, capped at $12.10; if index return is negative, par minus return on the Dow Jones Industrial Average
Pricing date:April 22
Settlement date:April 29
Underwriter:Morgan Stanley
Listing:"DJL" on American Stock Exchange

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