Morgan Stanley plans to price 9%-11% ELKS linked to Baker Hughes stock

By Angela McDaniels

Tacoma, Wash., July 28 - Morgan Stanley plans to price Equity LinKed Securities due Feb. 22, 2011 linked to the common stock of Baker Hughes Inc., according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will carry a coupon of 9% to 11% per year. Interest will be payable monthly.

The payout at maturity will be par of $10 unless Baker Hughes 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 Baker Hughes 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: 61759G620) will price Aug. 25 and settle Aug. 30.

Morgan Stanley & Co. Inc. is the agent.

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