[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance has announced SPX Buffered PLUS Notes due January 16, 2031, offering investors exposure to the S&P 500 Index with enhanced features. The securities, guaranteed by Morgan Stanley, provide 156.75% maximum return (capped at $1,567.50 per security) with a 150% leverage factor.
Key features include:
- 10% downside buffer protection (90% maximum loss)
- Estimated value of $932.00 per security
- No periodic interest payments
- 5.5-year term (July 2025 to January 2031)
The notes offer downside protection for the first 10% of index decline, after which investors face 1-for-1 losses. The payment at maturity is determined solely by the underlier's performance on the January 13, 2031 observation date. Notable risks include credit risk of the issuer, limited secondary market liquidity, and capped upside potential. The securities will not be listed on any exchange.
Morgan Stanley Finance ha annunciato le SPX Buffered PLUS Notes con scadenza il 16 gennaio 2031, offrendo agli investitori un'esposizione all'indice S&P 500 con caratteristiche migliorate. I titoli, garantiti da Morgan Stanley, offrono un rendimento massimo del 156,75% (fino a un massimo di 1.567,50 $ per titolo) con un fattore di leva del 150%.
Caratteristiche principali:
- Protezione da ribassi fino al 10% (perdita massima del 90%)
- Valore stimato di 932,00 $ per titolo
- Assenza di pagamenti di interessi periodici
- Durata di 5,5 anni (da luglio 2025 a gennaio 2031)
Le note offrono protezione contro i ribassi fino al 10% di calo dell'indice, dopodiché gli investitori subiscono perdite 1 a 1. Il pagamento a scadenza dipende esclusivamente dalla performance dell'attività sottostante alla data di osservazione del 13 gennaio 2031. Tra i rischi principali vi sono il rischio di credito dell'emittente, la liquidità limitata nel mercato secondario e il potenziale di guadagno limitato. I titoli non saranno quotati in alcuna borsa.
Morgan Stanley Finance ha anunciado las SPX Buffered PLUS Notes con vencimiento el 16 de enero de 2031, ofreciendo a los inversores exposición al índice S&P 500 con características mejoradas. Los valores, garantizados por Morgan Stanley, ofrecen un rendimiento máximo del 156,75% (limitado a $1,567.50 por valor) con un factor de apalancamiento del 150%.
Características clave:
- Protección contra caídas del 10% (pérdida máxima del 90%)
- Valor estimado de $932.00 por valor
- No hay pagos periódicos de intereses
- Plazo de 5.5 años (de julio de 2025 a enero de 2031)
Las notas ofrecen protección contra caídas durante el primer 10% de descenso del índice, después de lo cual los inversores enfrentan pérdidas 1 a 1. El pago al vencimiento se determina únicamente por el desempeño del subyacente en la fecha de observación del 13 de enero de 2031. Riesgos destacados incluyen el riesgo crediticio del emisor, liquidez limitada en el mercado secundario y potencial de ganancia limitado. Los valores no estarán listados en ninguna bolsa.
모건 스탠리 파이낸스는 2031년 1월 16일 만기인 SPX 버퍼드 플러스 노트를 발표하며, 투자자들에게 S&P 500 지수에 대한 노출과 향상된 기능을 제공합니다. 모건 스탠리가 보증하는 이 증권은 최대 156.75% 수익률(증권당 최대 $1,567.50 한도)과 150% 레버리지 팩터를 제공합니다.
주요 특징:
- 10% 하락 완충 보호 (최대 90% 손실)
- 증권당 예상 가치 $932.00
- 정기 이자 지급 없음
- 5.5년 만기 (2025년 7월부터 2031년 1월까지)
노트는 지수가 처음 10% 하락할 때까지 하락 보호를 제공하며, 이후 투자자는 1대1 손실을 감수합니다. 만기 시 지급액은 2031년 1월 13일 관찰일의 기초자산 성과에 따라 결정됩니다. 주요 위험요소로는 발행자의 신용 위험, 제한된 2차 시장 유동성, 상한이 있는 상승 잠재력이 있습니다. 이 증권은 어떤 거래소에도 상장되지 않습니다.
Morgan Stanley Finance a annoncé les SPX Buffered PLUS Notes arrivant à échéance le 16 janvier 2031, offrant aux investisseurs une exposition à l'indice S&P 500 avec des caractéristiques améliorées. Les titres, garantis par Morgan Stanley, offrent un rendement maximal de 156,75% (plafonné à 1 567,50 $ par titre) avec un facteur de levier de 150%.
Caractéristiques principales :
- Protection contre une baisse de 10% (perte maximale de 90%)
- Valeur estimée de 932,00 $ par titre
- Pas de paiements d'intérêts périodiques
- Durée de 5,5 ans (de juillet 2025 à janvier 2031)
Les notes offrent une protection contre la baisse pour les 10 premiers pourcents de déclin de l'indice, après quoi les investisseurs subissent des pertes au taux de 1 pour 1. Le paiement à l'échéance dépend uniquement de la performance du sous-jacent à la date d'observation du 13 janvier 2031. Les risques notables incluent le risque de crédit de l'émetteur, une liquidité limitée sur le marché secondaire et un potentiel de gain plafonné. Les titres ne seront pas cotés en bourse.
Morgan Stanley Finance hat die SPX Buffered PLUS Notes mit Fälligkeit am 16. Januar 2031 angekündigt, die Anlegern eine Beteiligung am S&P 500 Index mit erweiterten Merkmalen bieten. Die von Morgan Stanley garantierten Wertpapiere bieten eine maximale Rendite von 156,75% (begrenzt auf 1.567,50 $ pro Wertpapier) mit einem Hebelfaktor von 150%.
Wesentliche Merkmale:
- 10% Abwärtspuffer-Schutz (maximaler Verlust von 90%)
- Geschätzter Wert von 932,00 $ pro Wertpapier
- Keine periodischen Zinszahlungen
- Laufzeit von 5,5 Jahren (Juli 2025 bis Januar 2031)
Die Notes bieten einen Schutz gegen Kursverluste bis zu 10% des Indexrückgangs, danach erleiden Anleger Verluste im Verhältnis 1:1. Die Auszahlung bei Fälligkeit richtet sich ausschließlich nach der Entwicklung des Basiswerts am Beobachtungstag, dem 13. Januar 2031. Wesentliche Risiken umfassen das Kreditrisiko des Emittenten, eingeschränkte Liquidität im Sekundärmarkt und begrenztes Aufwärtspotenzial. Die Wertpapiere werden an keiner Börse notiert sein.
- Significant downside protection with 10% buffer against losses, limiting maximum potential loss to 90%
- Enhanced upside potential with 150% leverage factor on positive index returns
- Attractive maximum return potential of 56.75% over the ~5.5-year term
- Backed by Morgan Stanley's credit guarantee, providing institutional-grade counterparty strength
- Capped upside potential at 56.75% total return, limiting participation in strong bull markets
- No periodic interest payments or dividends over the 5.5-year term
- Estimated value ($932) is significantly below the issue price ($1000), indicating high embedded costs
- Limited secondary market liquidity due to no exchange listing
- Full exposure to losses beyond the 10% buffer level
Morgan Stanley Finance ha annunciato le SPX Buffered PLUS Notes con scadenza il 16 gennaio 2031, offrendo agli investitori un'esposizione all'indice S&P 500 con caratteristiche migliorate. I titoli, garantiti da Morgan Stanley, offrono un rendimento massimo del 156,75% (fino a un massimo di 1.567,50 $ per titolo) con un fattore di leva del 150%.
Caratteristiche principali:
- Protezione da ribassi fino al 10% (perdita massima del 90%)
- Valore stimato di 932,00 $ per titolo
- Assenza di pagamenti di interessi periodici
- Durata di 5,5 anni (da luglio 2025 a gennaio 2031)
Le note offrono protezione contro i ribassi fino al 10% di calo dell'indice, dopodiché gli investitori subiscono perdite 1 a 1. Il pagamento a scadenza dipende esclusivamente dalla performance dell'attività sottostante alla data di osservazione del 13 gennaio 2031. Tra i rischi principali vi sono il rischio di credito dell'emittente, la liquidità limitata nel mercato secondario e il potenziale di guadagno limitato. I titoli non saranno quotati in alcuna borsa.
Morgan Stanley Finance ha anunciado las SPX Buffered PLUS Notes con vencimiento el 16 de enero de 2031, ofreciendo a los inversores exposición al índice S&P 500 con características mejoradas. Los valores, garantizados por Morgan Stanley, ofrecen un rendimiento máximo del 156,75% (limitado a $1,567.50 por valor) con un factor de apalancamiento del 150%.
Características clave:
- Protección contra caídas del 10% (pérdida máxima del 90%)
- Valor estimado de $932.00 por valor
- No hay pagos periódicos de intereses
- Plazo de 5.5 años (de julio de 2025 a enero de 2031)
Las notas ofrecen protección contra caídas durante el primer 10% de descenso del índice, después de lo cual los inversores enfrentan pérdidas 1 a 1. El pago al vencimiento se determina únicamente por el desempeño del subyacente en la fecha de observación del 13 de enero de 2031. Riesgos destacados incluyen el riesgo crediticio del emisor, liquidez limitada en el mercado secundario y potencial de ganancia limitado. Los valores no estarán listados en ninguna bolsa.
모건 스탠리 파이낸스는 2031년 1월 16일 만기인 SPX 버퍼드 플러스 노트를 발표하며, 투자자들에게 S&P 500 지수에 대한 노출과 향상된 기능을 제공합니다. 모건 스탠리가 보증하는 이 증권은 최대 156.75% 수익률(증권당 최대 $1,567.50 한도)과 150% 레버리지 팩터를 제공합니다.
주요 특징:
- 10% 하락 완충 보호 (최대 90% 손실)
- 증권당 예상 가치 $932.00
- 정기 이자 지급 없음
- 5.5년 만기 (2025년 7월부터 2031년 1월까지)
노트는 지수가 처음 10% 하락할 때까지 하락 보호를 제공하며, 이후 투자자는 1대1 손실을 감수합니다. 만기 시 지급액은 2031년 1월 13일 관찰일의 기초자산 성과에 따라 결정됩니다. 주요 위험요소로는 발행자의 신용 위험, 제한된 2차 시장 유동성, 상한이 있는 상승 잠재력이 있습니다. 이 증권은 어떤 거래소에도 상장되지 않습니다.
Morgan Stanley Finance a annoncé les SPX Buffered PLUS Notes arrivant à échéance le 16 janvier 2031, offrant aux investisseurs une exposition à l'indice S&P 500 avec des caractéristiques améliorées. Les titres, garantis par Morgan Stanley, offrent un rendement maximal de 156,75% (plafonné à 1 567,50 $ par titre) avec un facteur de levier de 150%.
Caractéristiques principales :
- Protection contre une baisse de 10% (perte maximale de 90%)
- Valeur estimée de 932,00 $ par titre
- Pas de paiements d'intérêts périodiques
- Durée de 5,5 ans (de juillet 2025 à janvier 2031)
Les notes offrent une protection contre la baisse pour les 10 premiers pourcents de déclin de l'indice, après quoi les investisseurs subissent des pertes au taux de 1 pour 1. Le paiement à l'échéance dépend uniquement de la performance du sous-jacent à la date d'observation du 13 janvier 2031. Les risques notables incluent le risque de crédit de l'émetteur, une liquidité limitée sur le marché secondaire et un potentiel de gain plafonné. Les titres ne seront pas cotés en bourse.
Morgan Stanley Finance hat die SPX Buffered PLUS Notes mit Fälligkeit am 16. Januar 2031 angekündigt, die Anlegern eine Beteiligung am S&P 500 Index mit erweiterten Merkmalen bieten. Die von Morgan Stanley garantierten Wertpapiere bieten eine maximale Rendite von 156,75% (begrenzt auf 1.567,50 $ pro Wertpapier) mit einem Hebelfaktor von 150%.
Wesentliche Merkmale:
- 10% Abwärtspuffer-Schutz (maximaler Verlust von 90%)
- Geschätzter Wert von 932,00 $ pro Wertpapier
- Keine periodischen Zinszahlungen
- Laufzeit von 5,5 Jahren (Juli 2025 bis Januar 2031)
Die Notes bieten einen Schutz gegen Kursverluste bis zu 10% des Indexrückgangs, danach erleiden Anleger Verluste im Verhältnis 1:1. Die Auszahlung bei Fälligkeit richtet sich ausschließlich nach der Entwicklung des Basiswerts am Beobachtungstag, dem 13. Januar 2031. Wesentliche Risiken umfassen das Kreditrisiko des Emittenten, eingeschränkte Liquidität im Sekundärmarkt und begrenztes Aufwärtspotenzial. Die Wertpapiere werden an keiner Börse notiert sein.
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,070
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, 2031
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: |
$1,567.50 per security (156.75% of the stated principal amount) |
|
Leverage factor: |
150% |
|
Buffer amount: |
10% (90% maximum loss)1 |
|
Pricing date: |
July 11, 2025 |
|
Observation date: |
January 13, 2031 |
|
Maturity date: |
January 16, 2031 |
|
CUSIP: |
61778NBR1 |
|
Estimated value: |
$932.00 per security, or within $55.00 of that estimate |
|
Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/895421/000183988225034512/ms9070_424b2-18818.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% |
$1,567.50 |
|
+80.00% |
$1,567.50 |
|
+60.00% |
$1,567.50 |
|
+40.00% |
$1,567.50 |
|
+37.833% |
$1,567.50 |
|
+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 2031?
What is the downside buffer protection for MS's SPX Buffered PLUS offering?
What is the leverage factor for Morgan Stanley's SPX Buffered PLUS securities (MS)?
What is the estimated value of MS's SPX Buffered PLUS securities per unit?
When do MS's SPX Buffered PLUS securities mature?
