New Issue: Morgan Stanley sells $38 million notes linked to Wal-Mart

New York, April 30 - Morgan Stanley issued $38 million stock participation notes linked to the common stock of Wal-Mart Stores, Inc., according to a filing with the Securities and Exchange Commission.

Issuer:	Morgan Stanley
Issue:	Stock participation medium-term notes
Amount:	$38 million
Maturity:	Sept. 15, 2010
Coupon:	0%
Price:	Par
Yield to maturity:	2.5%
Redemption price at maturity:	120
Payout at maturity:	Product of semi-annual performance amounts of Wal-Mart Stores, Inc. common stock in cash, with floor of redemption price of 120; semi-annual performance amounts are capped at 13% gain per six months
Underwriter:	Morgan Stanley
Pricing date:	April 23
Settlement:	April 28
Listing:	"MWT.A" on American Stock Exchange

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