Jay has already provided you with the answer. If you don't like it, try
clicking More in the Find dialog, then Special. Click on the entry for
"Paragraph mark" (*not* "¶ Paragraph character"), and you'll see that what
Word inserts is, as Jay said, ^p.
Yes, the thing you're describing is a Manual Line Break. However, that's the
break you get with Shift+Enter, not with Enter alone. Furthermore, the search
code for it is ^l with the lower case ell, not the | pipe character.
To find all the search codes, click the More button in the Find/Replace dialog
and then click the Special button.
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