Morgan Stanley to price two-year securities linked to four currencies

By Angela McDaniels

Tacoma, Wash., July 20 - Morgan Stanley plans to price 0% currency-linked securities due July 30, 2012 linked to the performance of a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Australian dollar, Brazilian real, Canadian dollar and Norwegian krone.

For each $1,000 principal amount of notes, the payout at maturity will be $950 plus 200% of any basket appreciation, subject to a maximum payout of $1,250. If the basket remains flat or depreciates, the payout will be $950.

The notes (Cusip: 617482KC7) will price July 23 and settle July 30.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

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