Morgan Stanley plans two-year buffered PLUS on commodities basket

By Susanna Moon

Chicago, March 28 - Morgan Stanley plans to price 0% buffered Performance Leveraged Upside Securities due March 2013 linked to a basket of five equally weighted commodities, according to an FWP filing with the Securities and Exchange Commission.

The underlying commodities are corn, soybeans, sugar, wheat and palm oil.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of $1,260 to $1,300 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will be exposed to any decline beyond 15%.

Morgan Stanley & Co. Inc. is the agent.

The notes will price and settle in March.

The Cusip is 617482TC8.

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