Credit Linked Note (callable) issued by MORGAN STANLEY & CO. INTERNATIONAL PLC, denominated in USD. Its payout is linked to 3343943Z IT Equity.
This is a credit-linked investment. A credit event affecting the reference entity may reduce repayments or cause a loss, independently of movements in the other reference assets. The issuer’s own credit risk also applies.
The stated annual coupon rate is 7.03%, with yearly payments. Payment conditions are defined in the final terms.
The issuer may have a right to redeem the note early under its call provisions. An issuer call is discretionary and is not the same as an automatic market-triggered autocall.
3343943Z IT Equity
SOVEREIGN - STATE OF ISRAEL is an equity reference asset: a share in the named company. Its value can change with company earnings, sector conditions, market sentiment and currency movements. In this structured product, share performance affects the contractual coupon or repayment tests; holding the note does not mean owning the shares.
Structured products carry issuer credit risk, market risk and liquidity risk. You may lose part or all of your investment. Barrier levels and quoted coupons do not guarantee a return. Early sale may result in a loss, and currency movements may affect returns.
This explanation summarizes the available feed data; it is not the complete legal term sheet, personalized investment advice or a recommendation. Exact observation rules, credit-event definitions, fees, settlement terms and the full payout formula must be verified in the issuer’s final documentation. Request the final terms before investing.