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Principal Protected Growth Note

ClosedCatapult3YGrowth Note

Principal Protected Growth Note

Issued by Morgan Stanley

Principal Protected Catapult Growth Note - Earn 20.80% in Year-1 or 1X Upside Participation in Year-3

Trade DateJun 18, 2026
Maturity DateJun 22, 2029

Underlier Details

META logo

Meta Platforms Inc

META

Initial Price577.22

Technology company building the future of digital connection

Market Cap

$1,450bn

3-Yr CAGR

37%

3-Yr Max DD

-26%

NVDA logo

Nvidia Corp

NVDA

Initial Price210.69

Global technology giant and the pioneer of accelerated computing, manufacturing the advanced GPUs and full-stack software

Market Cap

$4,850bn

3-Yr CAGR

93%

3-Yr Max DD

-21%

GOOG logo

Alphabet Inc

GOOG

Initial Price367.46

Global technology conglomerate dominating internet services, digital advertising, and cloud computing

Market Cap

$4,330bn

3-Yr CAGR

50%

3-Yr Max DD

-24%

CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown

What Happens To Your Money

If I invest
$25,000

Note is called in Year-1

20.80%

$30,200

Stock is up 30%

30%

$32,500

Stock is down 30%

0%

$25,000

Indicative Value (IV) Trend

Last Updated on Sep 14, 2026

Additional Information

  • If the note is auto-called after Year 1, it ends early and investors receive a 20.80% return.

  • If not called, the note offers 1X upside participation based on the worst-performing underlier.

  • Principal is returned at maturity regardless of the performance of underliers.

Latest Indicative Price

100.11%

as of Sep 14, 2026

Offering Documents

Offering documents are shown to approved members.

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Key Terms

ProductIssuer Protected Callable Market Linked Growth Note
IssuerMorgan Stanley
Term3Y
Protection Typefull issuer protection
Initial Call Premium20.80% if called at Year-1
Principal Protection100%
Upside Participation1.0X uncapped
Protection100%
Trade DateJun 18, 2026
Next Event DateJun 22, 2027
Maturity DateJun 22, 2029