Capital Guaranteed issued by MORGAN STANLEY & CO. INTERNATIONAL PLC, denominated in USD. Its payout is linked to QBTS US Equity.
No periodic coupon is quoted in the feed. Returns depend on the redemption formula rather than regular coupon payments.
The feed quotes 100% capital protection. It is subject to the contractual conditions and issuer creditworthiness, and generally does not protect an early sale.
Participation is quoted at 100%: this is the factor applied to qualifying reference-asset performance, not a guaranteed return.
QBTS US Equity
D-WAVE QUANTUM INC 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.