Callable issued by MORGAN STANLEY & CO. INTERNATIONAL PLC, denominated in ILS. Its payout is linked to ESLT IT Equity, GEV US Equity, GOOGL UQ Equity.
The stated annual coupon rate is 100%, with yearly payments. Coupon eligibility is linked to a 100% trigger, subject to the observation rules.
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.
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.
ESLT IT Equity
ELBIT SYSTEMS LTD 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.
GEV US Equity
GE VERNOVA 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.
GOOGL UQ Equity
ALPHABET INC-CL 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.
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.