[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance has announced SPX Buffered PLUS Notes due January 16, 2030, offering investors exposure to the S&P 500 Index with enhanced features. Key terms include:
- Maximum Return: 54% (capped at $1,540 per $1,000 principal)
- Leverage Factor: 150% participation in index gains
- Downside Protection: 10% buffer against losses
- Estimated Value: $969.10 per security
The structured note offers enhanced upside potential up to the cap while providing partial protection against market declines. Investors maintain full principal if the S&P 500 declines by 10% or less, with one-for-one losses beyond the buffer. Key risks include credit risk of Morgan Stanley, limited secondary market liquidity, and capped upside potential. The notes do not provide dividend payments or direct index exposure.
Morgan Stanley Finance ha annunciato le SPX Buffered PLUS Notes con scadenza il 16 gennaio 2030, offrendo agli investitori un'esposizione all'indice S&P 500 con caratteristiche migliorate. I termini principali includono:
- Rendimento Massimo: 54% (limitato a 1.540$ per ogni 1.000$ di capitale)
- Fattore di Leva: 150% di partecipazione ai guadagni dell'indice
- Protezione dal Ribasso: buffer del 10% contro le perdite
- Valore Stimato: 969,10$ per titolo
La nota strutturata offre un potenziale di guadagno incrementato fino al limite massimo, garantendo una protezione parziale contro i ribassi del mercato. Gli investitori mantengono il capitale completo se l'S&P 500 cala del 10% o meno, mentre le perdite oltre il buffer sono proporzionali uno a uno. I rischi principali comprendono il rischio di credito di Morgan Stanley, la limitata liquidità sul mercato secondario e il potenziale di guadagno limitato. Le note non prevedono pagamenti di dividendi né esposizione diretta all'indice.
Morgan Stanley Finance ha anunciado las SPX Buffered PLUS Notes con vencimiento el 16 de enero de 2030, ofreciendo a los inversores exposición al índice S&P 500 con características mejoradas. Los términos clave incluyen:
- Retorno Máximo: 54% (limitado a 1,540$ por cada 1,000$ de principal)
- Factor de Apalancamiento: 150% de participación en las ganancias del índice
- Protección a la Baja: amortiguador del 10% contra pérdidas
- Valor Estimado: 969,10$ por título
La nota estructurada ofrece un potencial de ganancia mejorado hasta el tope, proporcionando protección parcial contra caídas del mercado. Los inversores conservan el capital completo si el S&P 500 baja un 10% o menos, con pérdidas uno a uno más allá del amortiguador. Los riesgos principales incluyen el riesgo crediticio de Morgan Stanley, la limitada liquidez en el mercado secundario y el potencial de ganancia limitado. Las notas no ofrecen pagos de dividendos ni exposición directa al índice.
모건 스탠리 파이낸스는 2030년 1월 16일 만기인 SPX Buffered PLUS Notes를 발표했으며, 투자자들에게 S&P 500 지수에 대한 노출과 향상된 기능을 제공합니다. 주요 조건은 다음과 같습니다:
- 최대 수익률: 54% (1,000달러 원금당 최대 1,540달러)
- 레버리지 비율: 150% 지수 상승에 대한 참여율
- 하락 보호: 손실에 대한 10% 버퍼
- 추정 가치: 증권당 969.10달러
이 구조화 노트는 상한선까지 향상된 상승 잠재력을 제공하며 시장 하락에 대해 부분적인 보호를 제공합니다. S&P 500이 10% 이하로 하락할 경우 투자자는 원금을 전액 유지하며, 버퍼를 초과하는 손실은 1대1로 반영됩니다. 주요 위험으로는 모건 스탠리의 신용 위험, 2차 시장의 제한된 유동성, 상한선으로 인한 수익 제한이 있습니다. 이 노트는 배당금 지급이나 지수에 대한 직접적인 노출을 제공하지 않습니다.
Morgan Stanley Finance a annoncé les SPX Buffered PLUS Notes échéant le 16 janvier 2030, offrant aux investisseurs une exposition à l'indice S&P 500 avec des caractéristiques améliorées. Les termes clés incluent :
- Rendement Maximum : 54% (plafonné à 1 540 $ pour 1 000 $ de principal)
- Facteur de Levier : 150% de participation aux gains de l'indice
- Protection à la Baisse : tampon de 10% contre les pertes
- Valeur Estimée : 969,10 $ par titre
Cette note structurée offre un potentiel de hausse amélioré jusqu'au plafond tout en fournissant une protection partielle contre les baisses du marché. Les investisseurs conservent la totalité du principal si le S&P 500 baisse de 10% ou moins, avec des pertes au-delà du tampon appliquées au prorata. Les principaux risques comprennent le risque de crédit de Morgan Stanley, la liquidité limitée sur le marché secondaire et le potentiel de gain plafonné. Ces notes ne versent pas de dividendes et n'offrent pas d'exposition directe à l'indice.
Morgan Stanley Finance hat die SPX Buffered PLUS Notes mit Fälligkeit am 16. Januar 2030 angekündigt, die Anlegern eine Beteiligung am S&P 500 Index mit erweiterten Merkmalen bieten. Wichtige Bedingungen sind:
- Maximale Rendite: 54% (begrenzt auf 1.540$ pro 1.000$ Kapital)
- Hebelfaktor: 150% Beteiligung an den Indexgewinnen
- Abwärtschutz: 10% Puffer gegen Verluste
- Geschätzter Wert: 969,10$ pro Wertpapier
Die strukturierte Note bietet ein erhöhtes Aufwärtspotenzial bis zur Obergrenze und gleichzeitig einen teilweisen Schutz vor Marktrückgängen. Anleger behalten ihr Kapital vollständig, wenn der S&P 500 um 10% oder weniger fällt; Verluste über den Puffer hinaus werden eins zu eins getragen. Zu den Hauptrisiken zählen das Kreditrisiko von Morgan Stanley, eingeschränkte Liquidität am Sekundärmarkt und begrenztes Aufwärtspotenzial. Die Notes zahlen keine Dividenden und bieten keine direkte Indexexponierung.
- Offers 150% leverage on S&P 500 upside performance up to a maximum return of 54%
- Includes downside protection with 10% buffer against initial losses
- Maximum payment at maturity offers significant upside potential at 154% of principal amount ($1,540 per $1,000 invested)
- Product caps maximum return at 54% even if index performs better
- Estimated value ($969.10) is significantly below the issue price, indicating high embedded costs
- Credit risk exposure to Morgan Stanley could affect actual returns
- No periodic interest payments, returns only available at maturity in 4.5 years
- Limited secondary market liquidity due to no exchange listing
Morgan Stanley Finance ha annunciato le SPX Buffered PLUS Notes con scadenza il 16 gennaio 2030, offrendo agli investitori un'esposizione all'indice S&P 500 con caratteristiche migliorate. I termini principali includono:
- Rendimento Massimo: 54% (limitato a 1.540$ per ogni 1.000$ di capitale)
- Fattore di Leva: 150% di partecipazione ai guadagni dell'indice
- Protezione dal Ribasso: buffer del 10% contro le perdite
- Valore Stimato: 969,10$ per titolo
La nota strutturata offre un potenziale di guadagno incrementato fino al limite massimo, garantendo una protezione parziale contro i ribassi del mercato. Gli investitori mantengono il capitale completo se l'S&P 500 cala del 10% o meno, mentre le perdite oltre il buffer sono proporzionali uno a uno. I rischi principali comprendono il rischio di credito di Morgan Stanley, la limitata liquidità sul mercato secondario e il potenziale di guadagno limitato. Le note non prevedono pagamenti di dividendi né esposizione diretta all'indice.
Morgan Stanley Finance ha anunciado las SPX Buffered PLUS Notes con vencimiento el 16 de enero de 2030, ofreciendo a los inversores exposición al índice S&P 500 con características mejoradas. Los términos clave incluyen:
- Retorno Máximo: 54% (limitado a 1,540$ por cada 1,000$ de principal)
- Factor de Apalancamiento: 150% de participación en las ganancias del índice
- Protección a la Baja: amortiguador del 10% contra pérdidas
- Valor Estimado: 969,10$ por título
La nota estructurada ofrece un potencial de ganancia mejorado hasta el tope, proporcionando protección parcial contra caídas del mercado. Los inversores conservan el capital completo si el S&P 500 baja un 10% o menos, con pérdidas uno a uno más allá del amortiguador. Los riesgos principales incluyen el riesgo crediticio de Morgan Stanley, la limitada liquidez en el mercado secundario y el potencial de ganancia limitado. Las notas no ofrecen pagos de dividendos ni exposición directa al índice.
모건 스탠리 파이낸스는 2030년 1월 16일 만기인 SPX Buffered PLUS Notes를 발표했으며, 투자자들에게 S&P 500 지수에 대한 노출과 향상된 기능을 제공합니다. 주요 조건은 다음과 같습니다:
- 최대 수익률: 54% (1,000달러 원금당 최대 1,540달러)
- 레버리지 비율: 150% 지수 상승에 대한 참여율
- 하락 보호: 손실에 대한 10% 버퍼
- 추정 가치: 증권당 969.10달러
이 구조화 노트는 상한선까지 향상된 상승 잠재력을 제공하며 시장 하락에 대해 부분적인 보호를 제공합니다. S&P 500이 10% 이하로 하락할 경우 투자자는 원금을 전액 유지하며, 버퍼를 초과하는 손실은 1대1로 반영됩니다. 주요 위험으로는 모건 스탠리의 신용 위험, 2차 시장의 제한된 유동성, 상한선으로 인한 수익 제한이 있습니다. 이 노트는 배당금 지급이나 지수에 대한 직접적인 노출을 제공하지 않습니다.
Morgan Stanley Finance a annoncé les SPX Buffered PLUS Notes échéant le 16 janvier 2030, offrant aux investisseurs une exposition à l'indice S&P 500 avec des caractéristiques améliorées. Les termes clés incluent :
- Rendement Maximum : 54% (plafonné à 1 540 $ pour 1 000 $ de principal)
- Facteur de Levier : 150% de participation aux gains de l'indice
- Protection à la Baisse : tampon de 10% contre les pertes
- Valeur Estimée : 969,10 $ par titre
Cette note structurée offre un potentiel de hausse amélioré jusqu'au plafond tout en fournissant une protection partielle contre les baisses du marché. Les investisseurs conservent la totalité du principal si le S&P 500 baisse de 10% ou moins, avec des pertes au-delà du tampon appliquées au prorata. Les principaux risques comprennent le risque de crédit de Morgan Stanley, la liquidité limitée sur le marché secondaire et le potentiel de gain plafonné. Ces notes ne versent pas de dividendes et n'offrent pas d'exposition directe à l'indice.
Morgan Stanley Finance hat die SPX Buffered PLUS Notes mit Fälligkeit am 16. Januar 2030 angekündigt, die Anlegern eine Beteiligung am S&P 500 Index mit erweiterten Merkmalen bieten. Wichtige Bedingungen sind:
- Maximale Rendite: 54% (begrenzt auf 1.540$ pro 1.000$ Kapital)
- Hebelfaktor: 150% Beteiligung an den Indexgewinnen
- Abwärtschutz: 10% Puffer gegen Verluste
- Geschätzter Wert: 969,10$ pro Wertpapier
Die strukturierte Note bietet ein erhöhtes Aufwärtspotenzial bis zur Obergrenze und gleichzeitig einen teilweisen Schutz vor Marktrückgängen. Anleger behalten ihr Kapital vollständig, wenn der S&P 500 um 10% oder weniger fällt; Verluste über den Puffer hinaus werden eins zu eins getragen. Zu den Hauptrisiken zählen das Kreditrisiko von Morgan Stanley, eingeschränkte Liquidität am Sekundärmarkt und begrenztes Aufwärtspotenzial. Die Notes zahlen keine Dividenden und bieten keine direkte Indexexponierung.
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,069
Registration Statement Nos. 333-275587; 333-275587-01
Dated June 25, 2025; Filed pursuant to Rule 433
Morgan Stanley
SPX Buffered PLUS due January 16, 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 |
|
Underlier: |
S&P 500® Index (SPX) |
|
Maximum payment at maturity: |
$1,540.00 per security (154.00% of the stated principal amount) |
|
Leverage factor: |
150% |
|
Buffer amount: |
10% (90% maximum loss)1 |
|
Pricing date: |
July 11, 2025 |
|
Observation date: |
January 11, 2030 |
|
Maturity date: |
January 16, 2030 |
|
CUSIP: |
61778NBQ3 |
|
Estimated value: |
$969.10 per security, or within $45.00 of that estimate |
|
Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/895421/000183988225034556/ms9069_424b2-18872.htm |
1All payments are subject to our credit risk
Hypothetical Payment at Maturity1
The payoff diagram and table below illustrate the payment at maturity for a range of hypothetical performances of the underlier over the term of the securities.
|
% Change in Closing Level of the Underlier |
Payment at Maturity per Security |
|
+100.00% |
$1,540.00 |
|
+80.00% |
$1,540.00 |
|
+60.00% |
$1,540.00 |
|
+40.00% |
$1,540.00 |
|
+36.00% |
$1,540.00 |
|
+30.00% |
$1,450.00 |
|
+20.00% |
$1,300.00 |
|
+10.00% |
$1,150.00 |
|
+5.00% |
$1,075.00 |
|
0.00% |
$1,000.00 |
|
-10.00% |
$1,000.00 |
|
-11.00% |
$990.00 |
|
-20.00% |
$900.00 |
|
-40.00% |
$700.00 |
|
-60.00% |
$500.00 |
|
-80.00% |
$300.00 |
|
-100.00% |
$100.00 |
|
|
|
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 provide for only the minimum payment at maturity 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 value of the underlier 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.
oAdjustments to an underlying index could adversely affect the value of the securities.
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 payment at maturity for MS's SPX Buffered PLUS securities due January 2030?
What is the buffer protection level for MS's Buffered PLUS offering filed June 28, 2025?
What is the leverage factor on Morgan Stanley's SPX Buffered PLUS securities (CUSIP: 61778NBQ3)?
What is the estimated value of MS's Buffered PLUS securities filed in June 2025?
When is the maturity date for Morgan Stanley's SPX Buffered PLUS securities filed in June 2025?
