Morgan Stanley plans 0% notes linked to basket of four indexes

By Jennifer Chiou

New York, Jan. 30 - Morgan Stanley is planning to price 0% capital-protected global medium-term series F notes due Feb. 8, 2010 linked to a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500/Citigroup Growth index, S&P 500/Citigroup Value index, S&P SmallCap 600/Citigroup Growth index and the MSCI EAFE index.

Payout at maturity will be based on the performance of the basket on four determination dates, Feb. 3, 2007, Feb. 3, 2008, Feb. 3, 2009 and Feb. 3, 2010. Investors will receive par plus the highest of the index performances of each of the indexes on the determination dates times a participation rate that is expected to range between 107% and 113%. Following each determination date, the index with the highest performance will be removed from the basket.

Investors will receive at least par at maturity.

Morgan Stanley will be the underwriter.

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