Morgan Stanley plans six-month 6%-8% ELKS linked to Baker Hughes

By Susanna Moon

Chicago, Jan. 31 - Morgan Stanley plans to price 6% to 8% annualized Equity LinKed Securities due August 2012 linked to Baker Hughes 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 the final price of Baker Hughes stock is less than or equal to 80% of the initial share price, in which case the payout will be a number of Baker Hughes shares equal to $10 divided by the initial price or, at the issuer's option, the cash equivalent.

Morgan Stanley & Co. LLC will be the agent.

The notes will price in February and settle in March.

The Cusip number is 61760T447.

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