Morgan Stanley to price two-year BRIC currency-linked securities

By Toni Weeks

San Diego, Aug. 24 - Morgan Stanley plans to price currency-linked partial principal at risk securities due Sept. 3, 2013 linked to the performance of a basket of four 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 Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

If the basket appreciates relative to the dollar, the payout at maturity will be par plus 210% of the basket return. Investors will lose 1% for every 1% decline in the basket up to 5% and will receive a minimum of $950 per $1,000 note if the basket declines more than 5%.

The securities (Cusip: 617482SE5) are expected to price Aug. 26 and settle Sept. 2.

Morgan Stanley & Co. LLC is the agent, with J.P. Morgan Securities LLC acting as dealer.

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