[Form 4] United Parks & Resorts Inc. Insider Trading Activity

Q: What leverage factor do the Morgan Stanley Trigger PLUS notes (MS) offer?

The notes provide 160% to 175% participation in any positive performance of the worst-performing index at maturity.

Q: What happens if the worst index breaches the 65% threshold?

If any index closes below 65% of its start value, repayment equals principal times that index&rsquo;s percentage change, resulting in dollar-for-dollar losses and potential total loss.

Q: Are the Trigger PLUS notes listed on an exchange?

No. The securities will not be listed; secondary liquidity will rely on Morgan Stanley&rsquo;s trading desk.

Q: What is the estimated value versus the $1,000 issue price?

Morgan Stanley estimates the initial economic value at $943.40, about $55 below par, reflecting fees and hedge costs.

Q: Do the notes pay periodic interest or dividends?

No. The Trigger PLUS notes pay no coupons and provide exposure solely through the final maturity payment.

Q: What are the key credit considerations for investors?

All payments are unsecured obligations of MSFL, guaranteed by Morgan Stanley; any deterioration in MS credit could impact market value and repayment.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Offering overview: Morgan Stanley Finance LLC, guaranteed by Morgan Stanley (“MS”), is marketing five-year “Trigger PLUS” structured notes that settle on August 5, 2030. The notes are linked to the worst-performing of three U.S. equity benchmarks -- the S&P 500 (SPX), Nasdaq-100 (NDX) and Russell 2000 (RTY).

Upside participation: Final payment equals principal plus 160%–175% of any positive performance of the worst index.
Downside buffer: Principal is repaid in full as long as the worst index has not fallen more than 35 percent (i.e., it remains at or above 65 percent of its initial level) on the single observation date of July 31, 2030.
Full downside exposure below the threshold: If that 65 percent trigger is breached, repayment equals principal multiplied by the worst index’s percentage return, generating dollar-for-dollar losses and potentially zero recovery.
No interim coupons, no early call: Investors receive no periodic interest and their return depends solely on the final index levels.
Credit & liquidity considerations: All cash flows rely on Morgan Stanley’s credit; the notes will not be listed, and MS expects limited secondary trading. The indicative estimated value is $943.40 versus the assumed $1,000 issue price, reflecting embedded fees and hedging costs.
Key dates: Pricing - July 31, 2025 | Observation - July 31, 2030 | Maturity - August 5, 2030
CUSIP: 61778NAZ4 | Registration Nos.: 333-275587 / 333-275587-01

Investor take-away: The structure offers leveraged upside and a 35% buffer, but embeds significant risks: (i) worst-of design magnifies downside probability, (ii) principal is unprotected below the trigger, (iii) valuation is below par at issuance, (iv) tax treatment is uncertain, and (v) investors assume MS credit and secondary-market liquidity risk.

Panoramica dell'offerta: Morgan Stanley Finance LLC, garantita da Morgan Stanley ("MS"), propone note strutturate "Trigger PLUS" a cinque anni con regolamento il 5 agosto 2030. Le note sono collegate al peggior rendimento di tre indici azionari statunitensi: S&P 500 (SPX), Nasdaq-100 (NDX) e Russell 2000 (RTY).

Partecipazione al rialzo: Il pagamento finale corrisponde al capitale più il 160%–175% di qualsiasi performance positiva del peggior indice.
Buffer al ribasso: Il capitale è rimborsato integralmente purché il peggior indice non sia sceso oltre il 35% (cioè rimanga al 65% o più del suo livello iniziale) alla data di osservazione unica del 31 luglio 2030.
Esposizione totale al ribasso oltre la soglia: Se il trigger del 65% viene superato, il rimborso corrisponde al capitale moltiplicato per la variazione percentuale del peggior indice, generando perdite pari al valore e potenzialmente nessun recupero.
Nessun coupon intermedio, nessuna chiamata anticipata: Gli investitori non ricevono interessi periodici e il rendimento dipende esclusivamente dai livelli finali degli indici.
Considerazioni su credito e liquidità: Tutti i flussi di cassa dipendono dal credito di Morgan Stanley; le note non saranno quotate e MS prevede un limitato trading secondario. Il valore stimato indicativo è di $943,40 rispetto al prezzo di emissione di $1.000, riflettendo costi incorporati e di copertura.
Date chiave: Prezzo - 31 luglio 2025 | Osservazione - 31 luglio 2030 | Scadenza - 5 agosto 2030
CUSIP: 61778NAZ4 | Numeri di registrazione: 333-275587 / 333-275587-01

Considerazioni per l'investitore: La struttura offre un potenziale rialzo con leva e un buffer del 35%, ma comporta rischi significativi: (i) il meccanismo worst-of aumenta la probabilità di ribasso, (ii) il capitale non è protetto al di sotto del trigger, (iii) la valutazione è inferiore al valore nominale all'emissione, (iv) il trattamento fiscale è incerto e (v) gli investitori assumono rischi di credito MS e di liquidità nel mercato secondario.

Resumen de la oferta: Morgan Stanley Finance LLC, garantizada por Morgan Stanley ("MS"), está comercializando notas estructuradas "Trigger PLUS" a cinco años con vencimiento el 5 de agosto de 2030. Las notas están vinculadas al peor desempeño de tres índices bursátiles estadounidenses: S&P 500 (SPX), Nasdaq-100 (NDX) y Russell 2000 (RTY).

Participación al alza: El pago final equivale al principal más el 160%–175% de cualquier rendimiento positivo del peor índice.
Amortiguador a la baja: El principal se reembolsa en su totalidad siempre que el peor índice no haya caído más del 35% (es decir, que se mantenga al 65% o más de su nivel inicial) en la única fecha de observación, el 31 de julio de 2030.
Exposición total a la baja por debajo del umbral: Si se rompe el disparador del 65%, el reembolso será el principal multiplicado por el rendimiento porcentual del peor índice, generando pérdidas dólar por dólar y potencialmente sin recuperación.
Sin cupones intermedios, sin llamada anticipada: Los inversores no reciben intereses periódicos y su retorno depende únicamente de los niveles finales de los índices.
Consideraciones de crédito y liquidez: Todos los flujos de efectivo dependen del crédito de Morgan Stanley; las notas no estarán listadas y MS espera un comercio secundario limitado. El valor estimado indicativo es de $943.40 frente al precio de emisión supuesto de $1,000, reflejando costos incorporados y de cobertura.
Fechas clave: Precio - 31 de julio de 2025 | Observación - 31 de julio de 2030 | Vencimiento - 5 de agosto de 2030
CUSIP: 61778NAZ4 | Números de registro: 333-275587 / 333-275587-01

Conclusión para el inversor: La estructura ofrece apalancamiento al alza y un amortiguador del 35%, pero con riesgos significativos: (i) el diseño worst-of aumenta la probabilidad de pérdidas, (ii) el principal no está protegido por debajo del disparador, (iii) la valoración está por debajo del par en la emisión, (iv) el tratamiento fiscal es incierto y (v) los inversores asumen riesgos de crédito de MS y de liquidez en el mercado secundario.

Présentation de l'offre : Morgan Stanley Finance LLC, garantie par Morgan Stanley ("MS"), commercialise des billets structurés "Trigger PLUS" à cinq ans, arrivant à échéance le 5 août 2030. Ces billets sont liés à la performance la plus faible de trois indices boursiers américains : le S&P 500 (SPX), le Nasdaq-100 (NDX) et le Russell 2000 (RTY).

Participation à la hausse : Le paiement final correspond au principal plus 160%–175% de toute performance positive de l'indice le plus faible.
Amortisseur à la baisse : Le principal est remboursé intégralement tant que l'indice le plus faible n'a pas chuté de plus de 35% (c’est-à-dire qu’il reste à 65% ou plus de son niveau initial) à la date unique d'observation du 31 juillet 2030.
Exposition totale à la baisse en dessous du seuil : Si le seuil de 65% est franchi, le remboursement correspond au principal multiplié par la performance en pourcentage de l'indice le plus faible, entraînant des pertes au dollar près et potentiellement aucune récupération.
Pas de coupons intermédiaires, pas de remboursement anticipé : Les investisseurs ne reçoivent aucun intérêt périodique et leur rendement dépend uniquement des niveaux finaux des indices.
Considérations de crédit et de liquidité : Tous les flux de trésorerie dépendent du crédit de Morgan Stanley ; les billets ne seront pas cotés et MS prévoit un marché secondaire limité. La valeur indicative estimée est de 943,40 $ contre un prix d’émission supposé de 1 000 $, reflétant les frais intégrés et les coûts de couverture.
Dates clés : Prix – 31 juillet 2025 | Observation – 31 juillet 2030 | Échéance – 5 août 2030
CUSIP : 61778NAZ4 | Numéros d’enregistrement : 333-275587 / 333-275587-01

À retenir pour l’investisseur : La structure offre un effet de levier à la hausse et un amortisseur de 35 %, mais comporte des risques importants : (i) le mécanisme "worst-of" augmente la probabilité de baisse, (ii) le principal n’est pas protégé en dessous du seuil, (iii) la valorisation est inférieure à la valeur nominale à l’émission, (iv) le traitement fiscal est incertain, et (v) les investisseurs assument le risque de crédit MS ainsi que le risque de liquidité sur le marché secondaire.

Angebotsübersicht: Morgan Stanley Finance LLC, garantiert durch Morgan Stanley ("MS"), bietet fünfjährige "Trigger PLUS" Strukturierte Notes an, die am 5. August 2030 fällig werden. Die Notes sind an den schlechtesten von drei US-Aktienindizes gekoppelt – den S&P 500 (SPX), Nasdaq-100 (NDX) und Russell 2000 (RTY).

Aufwärtsbeteiligung: Die Endzahlung entspricht dem Kapital plus 160%–175% der positiven Performance des schlechtesten Index.
Abwärtspuffer: Das Kapital wird vollständig zurückgezahlt, sofern der schlechteste Index am einzigen Beobachtungstag, dem 31. Juli 2030, nicht mehr als 35% gefallen ist (d.h. mindestens 65% seines Anfangswertes erreicht).
Volle Abwärtsrisiken unterhalb der Schwelle: Wird der 65%-Trigger unterschritten, entspricht die Rückzahlung dem Kapital multipliziert mit der prozentualen Rendite des schlechtesten Index, was zu Dollar-für-Dollar-Verlusten und möglicherweise keinem Wiedererhalt führt.
Keine Zwischenkupons, kein vorzeitiger Rückruf: Investoren erhalten keine periodischen Zinsen und ihre Rendite hängt ausschließlich von den Endständen der Indizes ab.
Kredit- und Liquiditätsaspekte: Alle Zahlungsflüsse hängen von der Bonität von Morgan Stanley ab; die Notes werden nicht börsennotiert sein und MS erwartet einen begrenzten Sekundärhandel. Der indikative geschätzte Wert beträgt $943,40 gegenüber dem angenommenen Ausgabepreis von $1.000, was Gebühren und Absicherungskosten beinhaltet.
Wichtige Termine: Preisfestsetzung – 31. Juli 2025 | Beobachtung – 31. Juli 2030 | Fälligkeit – 5. August 2030
CUSIP: 61778NAZ4 | Registrierungsnummern: 333-275587 / 333-275587-01

Fazit für Investoren: Die Struktur bietet gehebeltes Aufwärtspotenzial und einen 35%-Puffer, birgt jedoch erhebliche Risiken: (i) das Worst-of-Design erhöht die Abwärtswahrscheinlichkeit, (ii) das Kapital ist unterhalb des Triggers nicht geschützt, (iii) die Bewertung liegt bei Emission unter pari, (iv) die steuerliche Behandlung ist unklar und (v) Investoren tragen das Kredit- und Sekundärmarktliquiditätsrisiko von MS.

Positive

Enhanced upside: 160%–175% participation in any positive performance of the worst index.
35% downside buffer: Principal is intact unless the worst index falls below 65% of its start level.
Diversified underliers: Exposure spans large-cap, tech-heavy, and small-cap U.S. segments.
Short five-year tenor: Defined maturity gives clarity on investment horizon.

Negative

Principal at risk: Losses become linear once the 35% buffer is breached; maximum loss is 100%.
Worst-of structure: Return driven by the poorest-performing index, eroding diversification benefits.
No coupon or interim income: Investors forego dividends and receive no interest.
Credit exposure: Payments depend solely on Morgan Stanley’s ability to pay.
Estimated value below par: $943.40 vs. $1,000 issue price implies 5–6% initial cost drag.
Limited liquidity: Unlisted note; secondary trading subject to dealer discretion and wide spreads.
Tax uncertainty: U.S. federal income tax treatment remains unclear.

Insights

TL;DR: 160–175% upside and 35% buffer are attractive, but worst-of linkage and credit risk make risk-reward balanced, not compelling.

The Trigger PLUS note provides equity exposure with 1.6–1.75× leverage, exceeding typical 1:1 participation in buffered notes. However, the payoff depends on the single worst index, so diversification benefits are lost once any one of SPX, NDX or RTY underperforms. Historically, a 35% drawdown over five years is not uncommon, particularly for the small-cap RTY, making breach probability meaningful. Investors foregoing dividends on the three indices face opportunity cost. The quoted $943.40 estimated value indicates roughly 5.6% in structuring fees and hedging costs, immediately eroding economic value. Because the note is unsecured, all returns hinge on MS’s credit profile—currently investment-grade but still subject to systemic stress. Overall, a specialized product suited only to investors comfortable trading credit risk for leveraged equity exposure.

TL;DR: Product adds asymmetric equity exposure, but tail risk below −35% and illiquidity raise portfolio-level downside.

From a portfolio construction lens, the note may improve upside convexity versus direct equity, yet embeds gap risk: once the 65% trigger is breached, losses accelerate one-for-one with the index decline, removing the buffer exactly when volatility spikes. Correlation among the three U.S. indices remains high in stress periods, so “worst-of” effectively prices near-singular exposure. Lack of interim coupons offers no carry, and secondary market depth is dealer-driven; bid-offer spreads can widen materially. Practitioners should model stressed scenarios (e.g., 2008, 2020 drawdowns): worst-case recovery approaches zero while re-hedging becomes costly. The instrument is therefore best capped at a small tactical sleeve, not as core equity replacement.

Partecipazione al rialzo: Il pagamento finale corrisponde al capitale più il 160%–175% di qualsiasi performance positiva del peggior indice.
Buffer al ribasso: Il capitale è rimborsato integralmente purché il peggior indice non sia sceso oltre il 35% (cioè rimanga al 65% o più del suo livello iniziale) alla data di osservazione unica del 31 luglio 2030.
Esposizione totale al ribasso oltre la soglia: Se il trigger del 65% viene superato, il rimborso corrisponde al capitale moltiplicato per la variazione percentuale del peggior indice, generando perdite pari al valore e potenzialmente nessun recupero.
Nessun coupon intermedio, nessuna chiamata anticipata: Gli investitori non ricevono interessi periodici e il rendimento dipende esclusivamente dai livelli finali degli indici.
Considerazioni su credito e liquidità: Tutti i flussi di cassa dipendono dal credito di Morgan Stanley; le note non saranno quotate e MS prevede un limitato trading secondario. Il valore stimato indicativo è di $943,40 rispetto al prezzo di emissione di $1.000, riflettendo costi incorporati e di copertura.
Date chiave: Prezzo - 31 luglio 2025 | Osservazione - 31 luglio 2030 | Scadenza - 5 agosto 2030
CUSIP: 61778NAZ4 | Numeri di registrazione: 333-275587 / 333-275587-01

Participación al alza: El pago final equivale al principal más el 160%–175% de cualquier rendimiento positivo del peor índice.
Amortiguador a la baja: El principal se reembolsa en su totalidad siempre que el peor índice no haya caído más del 35% (es decir, que se mantenga al 65% o más de su nivel inicial) en la única fecha de observación, el 31 de julio de 2030.
Exposición total a la baja por debajo del umbral: Si se rompe el disparador del 65%, el reembolso será el principal multiplicado por el rendimiento porcentual del peor índice, generando pérdidas dólar por dólar y potencialmente sin recuperación.
Sin cupones intermedios, sin llamada anticipada: Los inversores no reciben intereses periódicos y su retorno depende únicamente de los niveles finales de los índices.
Consideraciones de crédito y liquidez: Todos los flujos de efectivo dependen del crédito de Morgan Stanley; las notas no estarán listadas y MS espera un comercio secundario limitado. El valor estimado indicativo es de $943.40 frente al precio de emisión supuesto de $1,000, reflejando costos incorporados y de cobertura.
Fechas clave: Precio - 31 de julio de 2025 | Observación - 31 de julio de 2030 | Vencimiento - 5 de agosto de 2030
CUSIP: 61778NAZ4 | Números de registro: 333-275587 / 333-275587-01

Participation à la hausse : Le paiement final correspond au principal plus 160%–175% de toute performance positive de l'indice le plus faible.
Amortisseur à la baisse : Le principal est remboursé intégralement tant que l'indice le plus faible n'a pas chuté de plus de 35% (c’est-à-dire qu’il reste à 65% ou plus de son niveau initial) à la date unique d'observation du 31 juillet 2030.
Exposition totale à la baisse en dessous du seuil : Si le seuil de 65% est franchi, le remboursement correspond au principal multiplié par la performance en pourcentage de l'indice le plus faible, entraînant des pertes au dollar près et potentiellement aucune récupération.
Pas de coupons intermédiaires, pas de remboursement anticipé : Les investisseurs ne reçoivent aucun intérêt périodique et leur rendement dépend uniquement des niveaux finaux des indices.
Considérations de crédit et de liquidité : Tous les flux de trésorerie dépendent du crédit de Morgan Stanley ; les billets ne seront pas cotés et MS prévoit un marché secondaire limité. La valeur indicative estimée est de 943,40 $ contre un prix d’émission supposé de 1 000 $, reflétant les frais intégrés et les coûts de couverture.
Dates clés : Prix – 31 juillet 2025 | Observation – 31 juillet 2030 | Échéance – 5 août 2030
CUSIP : 61778NAZ4 | Numéros d’enregistrement : 333-275587 / 333-275587-01

Aufwärtsbeteiligung: Die Endzahlung entspricht dem Kapital plus 160%–175% der positiven Performance des schlechtesten Index.
Abwärtspuffer: Das Kapital wird vollständig zurückgezahlt, sofern der schlechteste Index am einzigen Beobachtungstag, dem 31. Juli 2030, nicht mehr als 35% gefallen ist (d.h. mindestens 65% seines Anfangswertes erreicht).
Volle Abwärtsrisiken unterhalb der Schwelle: Wird der 65%-Trigger unterschritten, entspricht die Rückzahlung dem Kapital multipliziert mit der prozentualen Rendite des schlechtesten Index, was zu Dollar-für-Dollar-Verlusten und möglicherweise keinem Wiedererhalt führt.
Keine Zwischenkupons, kein vorzeitiger Rückruf: Investoren erhalten keine periodischen Zinsen und ihre Rendite hängt ausschließlich von den Endständen der Indizes ab.
Kredit- und Liquiditätsaspekte: Alle Zahlungsflüsse hängen von der Bonität von Morgan Stanley ab; die Notes werden nicht börsennotiert sein und MS erwartet einen begrenzten Sekundärhandel. Der indikative geschätzte Wert beträgt $943,40 gegenüber dem angenommenen Ausgabepreis von $1.000, was Gebühren und Absicherungskosten beinhaltet.
Wichtige Termine: Preisfestsetzung – 31. Juli 2025 | Beobachtung – 31. Juli 2030 | Fälligkeit – 5. August 2030
CUSIP: 61778NAZ4 | Registrierungsnummern: 333-275587 / 333-275587-01

07/01/2025 - 04:00 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gray William

(Last)

(First)

(Middle)

C/O UNITED PARKS & RESORTS INC.

6240 SEA HARBOR DRIVE

(Street)

ORLANDO

32821

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
United Parks & Resorts Inc. [ PRKS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2025		A		1,505⁽¹⁾	A	$0	71,564	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Granted under the Issuer's 2017 Omnibus Incentive Plan and vests 100% immediately.

	/s/ Dan Bollinger, Power of Attorney	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What leverage factor do the Morgan Stanley Trigger PLUS notes (MS) offer?

The notes provide 160% to 175% participation in any positive performance of the worst-performing index at maturity.

How much downside protection is built into the SPX/NDX/RTY Trigger PLUS?

Investors are protected against losses as long as the worst index does not fall more than 35% from its initial level on July 31, 2030.

What happens if the worst index breaches the 65% threshold?

If any index closes below 65% of its start value, repayment equals principal times that index’s percentage change, resulting in dollar-for-dollar losses and potential total loss.

Are the Trigger PLUS notes listed on an exchange?

No. The securities will not be listed; secondary liquidity will rely on Morgan Stanley’s trading desk.

What is the estimated value versus the $1,000 issue price?

Morgan Stanley estimates the initial economic value at $943.40, about $55 below par, reflecting fees and hedge costs.

Do the notes pay periodic interest or dividends?

No. The Trigger PLUS notes pay no coupons and provide exposure solely through the final maturity payment.

What are the key credit considerations for investors?

All payments are unsecured obligations of MSFL, guaranteed by Morgan Stanley; any deterioration in MS credit could impact market value and repayment.

[Form 4] United Parks & Resorts Inc. Insider Trading Activity

Insights

FAQ

What leverage factor do the Morgan Stanley Trigger PLUS notes (MS) offer?

How much downside protection is built into the SPX/NDX/RTY Trigger PLUS?

What happens if the worst index breaches the 65% threshold?

Are the Trigger PLUS notes listed on an exchange?

What is the estimated value versus the $1,000 issue price?

Do the notes pay periodic interest or dividends?

What are the key credit considerations for investors?

NYSE:PRKS

PRKS Rankings

PRKS Latest News

PRKS Latest SEC Filings

PRKS Stock Data

Trending News

[Form 4] United Parks & Resorts Inc. Insider Trading Activity

Insights

Structured Products Analyst neutral

Portfolio Risk Manager neutral

FAQ

What leverage factor do the Morgan Stanley Trigger PLUS notes (MS) offer?

How much downside protection is built into the SPX/NDX/RTY Trigger PLUS?

What happens if the worst index breaches the 65% threshold?

Are the Trigger PLUS notes listed on an exchange?

What is the estimated value versus the $1,000 issue price?

Do the notes pay periodic interest or dividends?

What are the key credit considerations for investors?

NYSE:PRKS

PRKS Rankings

PRKS Latest News

PRKS Latest SEC Filings

PRKS Stock Data