[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance has announced Worst-of SPX, NDX and RTY Trigger PLUS securities due August 5, 2030. These structured notes offer leveraged exposure to the worst-performing index among the S&P 500, Nasdaq-100, and Russell 2000 indices.
Key features include:
- Maximum payment at maturity: 176% to 181% of principal ($1,760 to $1,810 per security)
- Leverage factor: 400%
- Downside threshold: 70% of initial level
- Estimated value: $944.10 per security
Notable risks include no principal protection, limited appreciation potential, and exposure to the worst-performing index. The securities don't pay interest and are subject to Morgan Stanley's credit risk. The payment at maturity will be determined solely by the worst-performing underlier's value on July 31, 2030. If any underlier declines more than 30% from its initial level, investors will be fully exposed to the downside of the worst performer.
Morgan Stanley Finance ha annunciato le obbligazioni Worst-of SPX, NDX e RTY Trigger PLUS con scadenza il 5 agosto 2030. Questi strumenti strutturati offrono un'esposizione leva al rendimento dell'indice peggiore tra gli indici S&P 500, Nasdaq-100 e Russell 2000.
Le caratteristiche principali sono:
- Pagamento massimo a scadenza: dal 176% al 181% del capitale ($1.760 - $1.810 per titolo)
- Fattore di leva: 400%
- Soglia di ribasso: 70% del livello iniziale
- Valore stimato: $944,10 per titolo
I rischi principali includono l'assenza di protezione del capitale, un potenziale di apprezzamento limitato e l'esposizione all'indice peggiore. Le obbligazioni non pagano interessi e sono soggette al rischio di credito di Morgan Stanley. Il pagamento a scadenza sarà determinato esclusivamente dal valore dell'indice peggiore al 31 luglio 2030. Se uno degli indici scende oltre il 30% rispetto al livello iniziale, gli investitori saranno completamente esposti al ribasso dell'indice peggiore.
Morgan Stanley Finance ha anunciado los valores Worst-of SPX, NDX y RTY Trigger PLUS con vencimiento el 5 de agosto de 2030. Estas notas estructuradas ofrecen exposición apalancada al índice con peor desempeño entre los índices S&P 500, Nasdaq-100 y Russell 2000.
Las características clave incluyen:
- Pago máximo al vencimiento: del 176% al 181% del principal ($1,760 a $1,810 por valor)
- Factor de apalancamiento: 400%
- Umbral a la baja: 70% del nivel inicial
- Valor estimado: $944.10 por valor
Los riesgos notables incluyen la ausencia de protección del principal, potencial limitado de apreciación y exposición al índice con peor rendimiento. Los valores no pagan intereses y están sujetos al riesgo crediticio de Morgan Stanley. El pago al vencimiento se determinará únicamente por el valor del índice con peor desempeño al 31 de julio de 2030. Si algún índice cae más del 30% desde su nivel inicial, los inversores estarán completamente expuestos a la caída del peor índice.
모건 스탠리 파이낸스는 2030년 8월 5일 만기인 Worst-of SPX, NDX 및 RTY Trigger PLUS 증권을 발표했습니다. 이 구조화 노트는 S&P 500, 나스닥-100, 러셀 2000 지수 중 가장 저조한 성과를 보인 지수에 대한 레버리지 노출을 제공합니다.
주요 특징은 다음과 같습니다:
- 만기 시 최대 지급액: 원금의 176%에서 181% ($1,760에서 $1,810 증권당)
- 레버리지 비율: 400%
- 하락 임계치: 초기 수준의 70%
- 추정 가치: 증권당 $944.10
주요 위험 요소로는 원금 보호 없음, 제한된 상승 잠재력, 최저 성과 지수에 대한 노출이 있습니다. 이 증권은 이자를 지급하지 않으며 모건 스탠리의 신용 위험에 노출됩니다. 만기 시 지급액은 2030년 7월 31일 기준 최저 성과 지수의 가치에 따라 결정됩니다. 만약 어떤 지수가 초기 수준보다 30% 이상 하락하면 투자자는 최저 성과 지수의 하락 위험에 전적으로 노출됩니다.
Morgan Stanley Finance a annoncé les titres Worst-of SPX, NDX et RTY Trigger PLUS arrivant à échéance le 5 août 2030. Ces notes structurées offrent une exposition à effet de levier sur l'indice le moins performant parmi les indices S&P 500, Nasdaq-100 et Russell 2000.
Les caractéristiques principales comprennent :
- Paiement maximal à l'échéance : de 176% à 181% du capital ($1 760 à $1 810 par titre)
- Facteur de levier : 400%
- Seuil de baisse : 70% du niveau initial
- Valeur estimée : $944,10 par titre
Les risques notables incluent l'absence de protection du capital, un potentiel d'appréciation limité et une exposition à l'indice le moins performant. Les titres ne versent pas d'intérêts et sont soumis au risque de crédit de Morgan Stanley. Le paiement à l'échéance sera déterminé uniquement par la valeur de l'indice le moins performant au 31 juillet 2030. Si un indice baisse de plus de 30% par rapport à son niveau initial, les investisseurs seront entièrement exposés à la baisse de cet indice.
Morgan Stanley Finance hat die Worst-of SPX, NDX und RTY Trigger PLUS Wertpapiere mit Fälligkeit am 5. August 2030 angekündigt. Diese strukturierten Notes bieten gehebelte Exponierung gegenüber dem am schlechtesten performenden Index unter den S&P 500, Nasdaq-100 und Russell 2000 Indizes.
Wesentliche Merkmale sind:
- Maximale Auszahlung bei Fälligkeit: 176% bis 181% des Kapitals ($1.760 bis $1.810 pro Wertpapier)
- Hebelfaktor: 400%
- Abwärtsgrenze: 70% des Anfangswerts
- Geschätzter Wert: $944,10 pro Wertpapier
Bemerkenswerte Risiken umfassen keine Kapitalgarantie, begrenztes Aufwärtspotenzial und die Exponierung gegenüber dem schlechtesten Index. Die Wertpapiere zahlen keine Zinsen und unterliegen dem Kreditrisiko von Morgan Stanley. Die Auszahlung bei Fälligkeit wird ausschließlich durch den Wert des schlechtesten Index am 31. Juli 2030 bestimmt. Fällt ein Index um mehr als 30% vom Anfangswert, sind Anleger vollständig dem Abwärtsrisiko des schlechtesten Index ausgesetzt.
- Significant upside potential with maximum return of 176-181% of principal amount at maturity
- 400% leverage factor provides enhanced exposure to positive underlier performance
- Downside protection with buffer against losses if underliers don't fall below 70% of initial level
- No principal protection if worst-performing underlier falls below 70% threshold - potential for complete loss
- Return capped at maximum payment of $1,760-$1,810 per security regardless of underlier performance
- Product linked to worst-performing of three indices (SPX, NDX, RTY), increasing downside risk
- Estimated value ($944.10) significantly below principal amount ($1,000), indicating high embedded costs
- No periodic interest payments during 5-year term
Morgan Stanley Finance ha annunciato le obbligazioni Worst-of SPX, NDX e RTY Trigger PLUS con scadenza il 5 agosto 2030. Questi strumenti strutturati offrono un'esposizione leva al rendimento dell'indice peggiore tra gli indici S&P 500, Nasdaq-100 e Russell 2000.
Le caratteristiche principali sono:
- Pagamento massimo a scadenza: dal 176% al 181% del capitale ($1.760 - $1.810 per titolo)
- Fattore di leva: 400%
- Soglia di ribasso: 70% del livello iniziale
- Valore stimato: $944,10 per titolo
I rischi principali includono l'assenza di protezione del capitale, un potenziale di apprezzamento limitato e l'esposizione all'indice peggiore. Le obbligazioni non pagano interessi e sono soggette al rischio di credito di Morgan Stanley. Il pagamento a scadenza sarà determinato esclusivamente dal valore dell'indice peggiore al 31 luglio 2030. Se uno degli indici scende oltre il 30% rispetto al livello iniziale, gli investitori saranno completamente esposti al ribasso dell'indice peggiore.
Morgan Stanley Finance ha anunciado los valores Worst-of SPX, NDX y RTY Trigger PLUS con vencimiento el 5 de agosto de 2030. Estas notas estructuradas ofrecen exposición apalancada al índice con peor desempeño entre los índices S&P 500, Nasdaq-100 y Russell 2000.
Las características clave incluyen:
- Pago máximo al vencimiento: del 176% al 181% del principal ($1,760 a $1,810 por valor)
- Factor de apalancamiento: 400%
- Umbral a la baja: 70% del nivel inicial
- Valor estimado: $944.10 por valor
Los riesgos notables incluyen la ausencia de protección del principal, potencial limitado de apreciación y exposición al índice con peor rendimiento. Los valores no pagan intereses y están sujetos al riesgo crediticio de Morgan Stanley. El pago al vencimiento se determinará únicamente por el valor del índice con peor desempeño al 31 de julio de 2030. Si algún índice cae más del 30% desde su nivel inicial, los inversores estarán completamente expuestos a la caída del peor índice.
모건 스탠리 파이낸스는 2030년 8월 5일 만기인 Worst-of SPX, NDX 및 RTY Trigger PLUS 증권을 발표했습니다. 이 구조화 노트는 S&P 500, 나스닥-100, 러셀 2000 지수 중 가장 저조한 성과를 보인 지수에 대한 레버리지 노출을 제공합니다.
주요 특징은 다음과 같습니다:
- 만기 시 최대 지급액: 원금의 176%에서 181% ($1,760에서 $1,810 증권당)
- 레버리지 비율: 400%
- 하락 임계치: 초기 수준의 70%
- 추정 가치: 증권당 $944.10
주요 위험 요소로는 원금 보호 없음, 제한된 상승 잠재력, 최저 성과 지수에 대한 노출이 있습니다. 이 증권은 이자를 지급하지 않으며 모건 스탠리의 신용 위험에 노출됩니다. 만기 시 지급액은 2030년 7월 31일 기준 최저 성과 지수의 가치에 따라 결정됩니다. 만약 어떤 지수가 초기 수준보다 30% 이상 하락하면 투자자는 최저 성과 지수의 하락 위험에 전적으로 노출됩니다.
Morgan Stanley Finance a annoncé les titres Worst-of SPX, NDX et RTY Trigger PLUS arrivant à échéance le 5 août 2030. Ces notes structurées offrent une exposition à effet de levier sur l'indice le moins performant parmi les indices S&P 500, Nasdaq-100 et Russell 2000.
Les caractéristiques principales comprennent :
- Paiement maximal à l'échéance : de 176% à 181% du capital ($1 760 à $1 810 par titre)
- Facteur de levier : 400%
- Seuil de baisse : 70% du niveau initial
- Valeur estimée : $944,10 par titre
Les risques notables incluent l'absence de protection du capital, un potentiel d'appréciation limité et une exposition à l'indice le moins performant. Les titres ne versent pas d'intérêts et sont soumis au risque de crédit de Morgan Stanley. Le paiement à l'échéance sera déterminé uniquement par la valeur de l'indice le moins performant au 31 juillet 2030. Si un indice baisse de plus de 30% par rapport à son niveau initial, les investisseurs seront entièrement exposés à la baisse de cet indice.
Morgan Stanley Finance hat die Worst-of SPX, NDX und RTY Trigger PLUS Wertpapiere mit Fälligkeit am 5. August 2030 angekündigt. Diese strukturierten Notes bieten gehebelte Exponierung gegenüber dem am schlechtesten performenden Index unter den S&P 500, Nasdaq-100 und Russell 2000 Indizes.
Wesentliche Merkmale sind:
- Maximale Auszahlung bei Fälligkeit: 176% bis 181% des Kapitals ($1.760 bis $1.810 pro Wertpapier)
- Hebelfaktor: 400%
- Abwärtsgrenze: 70% des Anfangswerts
- Geschätzter Wert: $944,10 pro Wertpapier
Bemerkenswerte Risiken umfassen keine Kapitalgarantie, begrenztes Aufwärtspotenzial und die Exponierung gegenüber dem schlechtesten Index. Die Wertpapiere zahlen keine Zinsen und unterliegen dem Kreditrisiko von Morgan Stanley. Die Auszahlung bei Fälligkeit wird ausschließlich durch den Wert des schlechtesten Index am 31. Juli 2030 bestimmt. Fällt ein Index um mehr als 30% vom Anfangswert, sind Anleger vollständig dem Abwärtsrisiko des schlechtesten Index ausgesetzt.
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,056
Registration Statement Nos. 333-275587; 333-275587-01
Dated July 1, 2025; Filed pursuant to Rule 433
Morgan Stanley
Worst-of SPX, NDX and RTY Trigger PLUS due August 5, 2030
This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, index supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.
|
Terms |
|
|
Issuer: |
Morgan Stanley Finance LLC |
|
Guarantor: |
Morgan Stanley |
|
Underliers: |
S&P 500® Index (SPX), Nasdaq-100 Index® (NDX) and Russell 2000® Index (RTY) |
|
Maximum payment at maturity: |
$1,760 to $1,810 per security (176% to 181% of the stated principal amount) |
|
Leverage factor: |
400% |
|
Downside threshold level: |
70% of the initial level for each underlier |
|
Pricing date: |
July 31, 2025 |
|
Observation date: |
July 31, 2030 |
|
Maturity date: |
August 5, 2030 |
|
CUSIP: |
61778NBA8 |
|
Estimated value: |
$944.10 per security, or within $55.00 of that estimate |
|
Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/895421/000183988225034682/ms9056_424b2-18939.htm |
1All payments are subject to our credit risk
Hypothetical Payment at Maturity1
The payment at maturity will be based solely on the performance of the worst performing underlier, which could be any underlier. The payoff diagram and table below illustrate the payment at maturity for a range of hypothetical performances of the worst performing underlier over the term of the securities.
|
% Change in Closing Level of the Worst Performing Underlier |
Payment at Maturity per Security |
|
+60.00% |
$1,760.00* |
|
+40.00% |
$1,760.00* |
|
+30.00% |
$1,760.00* |
|
+20.00% |
$1,760.00* |
|
+19.00% |
$1,760.00 |
|
+10.00% |
$1,400.00 |
|
+5.00% |
$1,200.00 |
|
0.00% |
$1,000.00 |
|
-20.00% |
$1,000.00 |
|
-30.00% |
$1,000.00 |
|
-31.00% |
$690.00 |
|
-40.00% |
$600.00 |
|
-60.00% |
$400.00 |
|
-80.00% |
$200.00 |
|
-100.00% |
$0.00 |
*Assumes a maximum payment at maturity of $1,760 per security
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.
Underlier(s)
For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.
Risk Considerations
The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.
Risks Relating to an Investment in the Securities
●The securities do not guarantee the return of any principal and do not pay interest.
●The appreciation potential of the securities is limited by the maximum payment at maturity.
●The amount payable on the securities is not linked to the values of the underliers at any time other than the observation date.
●The market price of the securities may be influenced by many unpredictable factors.
●The securities are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the securities.
●As a finance subsidiary, MSFL has no independent operations and will have no independent assets.
●The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the securities in the original issue price reduce the economic terms of the securities, cause the estimated value of the securities to be less than the original issue price and will adversely affect secondary market prices.
●The estimated value of the securities is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.
●The securities will not be listed on any securities exchange and secondary trading may be limited.
●As discussed in more detail in the accompanying product supplement, investing in the securities is not equivalent to investing in the underlier(s).
●The U.S. federal income tax consequences of an investment in the securities are uncertain.
Risks Relating to the Underlier(s)
●Because your return on the securities will depend upon the performance of the underlier(s), the securities are subject to the following risk(s), as discussed in more detail in the accompanying product supplement.
oYou are exposed to the price risk of each underlier.
oBecause the securities are linked to the performance of the worst performing underlier, you are exposed to a greater risk of not receiving a positive return on the securities and/or sustaining a significant loss on your investment than if the securities were linked to just one underlier.
oAdjustments to an underlying index could adversely affect the value of the securities.
●The securities are subject to risks associated with small-capitalization companies.
Risks Relating to Conflicts of Interest
●The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the securities.
●Hedging and trading activity by our affiliates could potentially adversely affect the value of the securities.
Tax Considerations
You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption “Additional Information About the Securities– United States federal income tax considerations” concerning the U.S. federal income tax consequences of an investment in the securities, and you should consult your tax adviser.
FAQ
What is the maximum potential return for MS's Trigger PLUS securities due August 2030?
What are the underlying indices for MS's new structured note offering?
What is the downside protection level for MS's Trigger PLUS securities?
What is the estimated value of MS's Trigger PLUS securities?
What are the key risks of investing in MS's Trigger PLUS securities?
