Morgan Stanley moves back maturity of 10.5% RevCons linked to Sunoco

By Angela McDaniels

Seattle, June 8 - Morgan Stanley pushed back the maturity of its upcoming reverse convertible securities (RevCons) linked to the common stock of Sunoco, Inc. to Dec. 22, 2007 from Dec. 20, 2007, according to an amended FWP filing with the Securities and Exchange Commission.

The notes will now settle on June 22 instead of June 21. The pricing date remains June 15.

The six-month notes will pay 5.25% for an annualized rate of 10.5%. Interest will be payable monthly.

The payout at maturity will be par unless Sunoco stock closes at or below the trigger price - 80% of the initial share price - during the life of the notes and closes below the initial share price on the final determination date, in which case the payout will be a number of Sunoco shares equal to $1,000 divided by the initial share price or, at Morgan Stanley's option, the equivalent cash value.

Morgan Stanley & Co. Inc. will be the agent.

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