New Issue: Morgan Stanley prices $8.1 million PLUS linked to S&P GSCI Brent Crude index

By Angela McDaniels

Tacoma, Wash., Sept. 7 - Morgan Stanley priced $8.1 million of 0% Performance Leveraged Upside Securities due July 31, 2012 linked to the S&P GSCI Brent Crude Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, subject to a maximum return of 49.5%. Investors will be exposed to any index decline.

Morgan Stanley & Co. Inc. is the agent.

Issuer:	Morgan Stanley
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P GSCI Brent Crude Index - Excess Return
Amount:	$8.1 million
Maturity:	July 31, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, up to maximum return of 49.5%; exposure to any index decline
Initial index level:	545.2696
Pricing date:	Sept. 3
Settlement date:	Sept. 9
Agent:	Morgan Stanley & Co. Inc.
Fees:	2.25%
Cusip:	617482NJ9

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