Morgan Stanley plans six-month 11%-14% ELKS linked to Baidu stock

By Susanna Moon

Chicago, Nov. 29 - Morgan Stanley plans to price 11% to 14% annualized Equity LinKed Securities due June 24, 2011 based on the performance of Baidu, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par of $10 unless Baidu stock closes at or below the threshold price - 80% of the initial share price - during the life of the notes, in which case the payout will be a number of Baidu shares equal to $10 divided by the initial share price or, at the issuer's option, the value of those shares in cash.

The notes (Cusip 61759G158) will price on Dec. 27 and settle on Dec. 30.

Morgan Stanley & Co. Inc. is the agent.

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