Morgan Stanley to price 0% notes linked to three Asian indexes

By Angela McDaniels

Seattle, Jan. 25 - Morgan Stanley plans to price 0% notes due 2010 linked to three Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Nikkei 225 index, the Hang Seng index and the MSCI Taiwan index, each with a 33.33% weight.

If the return is positive at maturity, investors will receive par plus the percentage by which the basket value increased, multiplied by the participation rate of 130%.

If the return is negative, then the payout will be par.

The return on the basket of indexes will be the average of its closing values measured once a month during the six months before maturity.

Morgan Stanley will be the underwriter.

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