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Principal Protected Growth Note

Morgan StanleyGrowth NoteCatapult3 Years

Traded Aug 2026 · Matures Aug 2029

Timeline

Performance

Last updated on Oct 30, 2026

Principal Protected Growth Note - Earn 1x capped upside based on the performance of the worst-underlier

SPX

Initial Price7,711.76

NDX

Initial Price29,433.43

INDU

Initial Price53,559.99

If I invest$

Stock is up 30% at maturity

30%

$32,500

Stock is up 40% at maturity

31.7%

$32,925

If markets fall

Your principal back at maturity, FDIC insured up to applicable limits

$25,000

Provides 1X upside participation on the worst-performing underlier, capped at 31.7%, over the 3 year term.
Example: If the worst-performing underlier is up 10%, the note returns 10%.
Principal Protection: If the worst-performing underlier finishes below its initial level at maturity, investors receive full principal back.

Protection100%

Upside Participation1x upside participation (capped)

Principal Protection100% (FDIC Insured)