Morgan StanleyGrowth NoteDual Directional3Y
Traded Aug 2026 · Matures Aug 2029
Timeline
Last updated on Sep 16, 2026
Dual-Directional Catapult Growth Note - Earn 61% if called in Year-1 or 2x uncapped upside participation at Maturity
Apple Inc
AAPL
Designs and sells consumer electronics, software, and digital services centered around an integrated ecosystem of devices and applications.
Market Cap
$4,520bn
3-Yr CAGR
17%
3-Yr Max DD
-19%
Advanced Micro Devices Inc
AMD
Designs high-performance CPUs, GPUs, and adaptive computing chips for PCs, data centers, gaming, and embedded systems.
Market Cap
$845bn
3-Yr CAGR
67%
3-Yr Max DD
-49%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
If I invest $25,000
Note is called at Year-1
61%
Stock is up 20% at Maturity
40%
Stock is down 20% at Maturity
20%
Stock is down 60% at Maturity
-60%
If the note is called after Year 1, it ends early and investors receive a 61.0% return.
If not called, the note provides 2X uncapped upside participation based on the least-performing underlier at maturity.
Dual-Directional: If the lesser-performing underlier is down 1%-50%, the investor receives the absolute return of that decline.
Example: if underlier is down -30%, you receive +30%.
If the lesser-performing underlier is down more than 50% at maturity, losses are one-for-one from the underlier’s initial level.