Autocallable issued by MORGAN STANLEY & CO. INTERNATIONAL PLC, denominated in USD. Its payout is linked to LUMI IT Equity, META UQ Equity, MSFT UW Equity.
The stated annual coupon rate is 32%, with yearly payments. Payment conditions are defined in the final terms.
This product can redeem early when its autocall conditions are met at the 90% trigger on yearly observations. Early redemption ends the investment and future coupon opportunities. In a multi-asset autocall, the weakest-performing asset generally governs the conditions; confirm the exact reference method in the final terms.
The stated protection barrier is 60% (European). A barrier is conditional protection, not a guarantee. If its conditions fail, repayment can be exposed to losses in the reference asset. European barriers are generally assessed at a final observation; the term sheet determines the exact calculation.
Participation is quoted at 200%: this is the factor applied to qualifying reference-asset performance, not a guaranteed return.
LUMI IT Equity
BANK LEUMI LE-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.
META UQ Equity
META PLATFORMS INC-CLASS A 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.
MSFT UW Equity
MICROSOFT CORP 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.