Autocallable issued by MORGAN STANLEY & CO. INTERNATIONAL PLC, denominated in USD. Its payout is linked to NBIS US Equity.
The stated annual coupon rate is 18.5%, with quarterly payments. Payment conditions are defined in the final terms.
This product can redeem early when its autocall conditions are met at the 100% trigger on quarterly observations. Early redemption ends the investment and future coupon opportunities.
NBIS US Equity
NEBIUS GROUP NV 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.