Morgan Stanley to price Equity Lasers due 2013 linked to five stocks

By Marisa Wong

Madison, Wis., Dec. 28 - Morgan Stanley plans to price 0% Equity Leading Stockmarket Return Securities due Jan. 25, 2013 linked to a basket of five stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of Phillip Morris International Inc., NIKE, Inc., Schlumberger Ltd., Dow Chemical Co. and Apple Inc.

If the basket level is above the downside threshold value - 80% of the initial level - on each day during the life of the notes, the payout at maturity will be par of $10 plus the greater of the basket return and 6%, subject to a maximum payment of $12.80 to $13.20 per Laser that will be set at pricing.

Otherwise, the payout will be par plus the basket return, with exposure to any losses.

The notes (Cusip: 61759G216) are expected to price Jan. 25 and settle Jan. 28.

Morgan Stanley & Co. Inc. is the agent.

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