Issued by Morgan Stanley
Index Catapult Growth Note - Earn 18.60% in Year-1 or 1.5X upside participation in Year-3
S&P 500
SPX
Top 500 companies in U.S.A.
Market Cap
—
3-Yr CAGR
23%
3-Yr Max DD
-8%
Nasdaq 100
NDX
Top 100 non-financial companies in U.S.A.
Market Cap
—
3-Yr CAGR
31%
3-Yr Max DD
-10%
Dow Jones Industrial Average
INDU
Top 30 blue-chip companies in U.S.A.
Market Cap
—
3-Yr CAGR
15%
3-Yr Max DD
-9%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
Note is called in Year-1
18.60%
Stock is up 30%
45%
Stock is down 30%
0%
Stock is down 50%
50%
Last Updated on Sep 14, 2026
If the note is auto-called after Year 1, it ends early and investors receive a 18.60% return.
If not called, note offers 1.5X upside participation based on the worst-performing underlier at maturity.
Principal is returned at maturity as long as the worst-underlier is not down more than 30%
Latest Indicative Price
101.98%
as of Sep 14, 2026
Offering documents are shown to approved members.
Sign up to view| Product | Callable Market Linked Growth Note |
| Issuer | Morgan Stanley |
| Term | 3Y |
| Protection Type | barrier |
| Initial Call Premium | 18.60% if called at Year-1 |
| Principal Protection | 30% |
| Upside Participation | 1.5X uncapped |
| Protection | 30% |
| Trade Date | Jun 26, 2026 |
| Next Event Date | Jun 29, 2027 |
| Maturity Date | Jun 29, 2029 |