Principal Protected Catapult Growth Note

Performance

Last updated on Oct 30, 2026

Principal Protected Catapult Growth Note - Earn 27.80% in Year-1 or 1.25x upside participation

NVDA

Initial Price196.93

PLTR

Initial Price134.37

AMD

Initial Price516.11

If I invest$

Note is called at the end of Year-1

27.80%

$31,950

Stock is up 30% at maturity

37.5%

$34,375

Stock is down 30% at maturity

0%

$25,000

Stock is down 100% at maturity

0%

$25,000

If the note is auto-called after Year-1, it ends early and investors receive a 27.80% return.
If not called, the note offers 1.25x upside based on the worst-performing underlier among NVDA, PLTR, AMD, at maturity/
Principal is returned at maturity regardless of the performance of the underliers.

Product	Issuer Protected Callable Market Linked Growth Note
Issuer	Morgan Stanley
Term	3 Years
Non-Call Period	1 Year
Protection Type	Full Issuer Protection
Target Growth	1.25x
Minimum Investment	$25,000
Trade Date	Jul 7, 2026
Next Event Date	Jul 8, 2027
Maturity Date	Jul 12, 2029