MS
Morgan Stanley
NYSE
424B2: Morgan Stanley Finance LLC Issues Contingent Income Auto-Callable Securities Linked to S&P 500 Futures
Sentiment:
Pricing Supplement
26 December 2024 9:17 AM
Morgan Stanley Finance LLC has issued structured notes offering a contingent monthly coupon based on the performance of the S&P 500 Futures 40% Intraday 4% Decrement VT Index, with principal at risk.
Worse than expected
The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying index performs poorly.
The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
Summary
- Morgan Stanley Finance LLC has issued Contingent Income Auto-Callable Securities due December 26, 2029, linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index.
- These securities offer a potential contingent monthly coupon if the index closing value is at or above 50% of the initial index value on observation dates.
- The securities can be automatically redeemed after one year if the index closing value is at or above the initial index value on a monthly redemption determination date.
- If not redeemed early, the payment at maturity depends on the final index value relative to the downside threshold level, which is 50% of the initial index value.
- If the final index value is at or above the downside threshold, investors receive the principal plus the final contingent coupon.
- If the final index value is below the downside threshold, investors are exposed to the full decline of the index and could lose a significant portion or all of their principal.
- The securities have a 1-year non-call period, meaning they cannot be automatically redeemed before December 22, 2025.
- The aggregate principal amount of the offering is $1,747,000, with each security having a stated principal amount of $1,000.
- The contingent monthly coupon is at an annual rate of 11.50%, which is approximately $9.583 per month per security.
- The estimated value of each security on the pricing date was $916.60, which is less than the issue price of $1,000 due to costs associated with issuing, selling, structuring and hedging the securities.
Sentiment
Score: 4
Explanation: The document presents a high-risk investment with potential for high returns, but also significant risk of loss. The negative aspects, such as principal at risk and the decrement on the underlying index, outweigh the positive aspects, resulting in a lower sentiment score.
Highlights
- The securities offer a contingent monthly coupon at an annual rate of 11.50%, approximately $9.583 per month, if the index closing value is at or above the downside threshold level.
- The securities can be automatically redeemed after one year if the index closing value is at or above the initial index value on any monthly redemption determination date.
- The downside threshold level is 50% of the initial index value.
- The securities are linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index, which is subject to a 4% per annum daily decrement.
- The aggregate principal amount of the offering is $1,747,000.
- The estimated value of each security on the pricing date was $916.60, while the issue price is $1,000.
- Investors could lose their entire principal if the final index value is below the downside threshold level.
- The securities have a 1-year non-call period.
Positives
- The securities offer the potential for a high contingent monthly coupon of 11.50% per annum.
- The auto-callable feature provides an opportunity for early redemption and return of principal after one year if the index performs well.
- The securities are fully and unconditionally guaranteed by Morgan Stanley.
Negatives
- Investors are exposed to the full decline of the underlying index if the final index value is below the downside threshold level, potentially losing their entire investment.
- The securities do not guarantee the payment of interest or the return of principal.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
- Investors will not participate in any appreciation of the underlying index.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Risks
- The securities do not guarantee the return of any principal, and investors could lose their entire investment.
- Investors may not receive any contingent monthly coupons if the index closing value is below the downside threshold level on observation dates.
- The market price of the securities can be influenced by many unpredictable factors, including the volatility of the underlying index and changes in interest rates.
- The securities are subject to the credit risk of Morgan Stanley, and any default could result in loss of investment.
- The securities will not be listed on any securities exchange, and secondary trading may be limited.
- The underlying index has a limited operating history and is subject to risks associated with the use of significant leverage.
- The 4% per annum decrement will adversely affect the performance of the underlying index.
- Hedging and trading activities by Morgan Stanley affiliates could potentially adversely affect the value of the securities.
- The U.S. federal income tax consequences of an investment in the securities are uncertain.
Future Outlook
The securities offer the potential for contingent monthly coupons and early redemption, but the return is dependent on the performance of the underlying index and investors are exposed to the risk of losing their principal.
Industry Context
This issuance is part of a broader trend of financial institutions offering structured products that provide investors with exposure to specific market indices while offering some downside protection, albeit with the risk of principal loss. These products are often used by investors seeking higher yields than traditional fixed-income investments, but with a higher risk profile.
Comparison to Industry Standards
- Similar structured products are offered by other major financial institutions, such as Goldman Sachs, JP Morgan, and Barclays, often with varying underlying indices, coupon rates, and risk profiles.
- The 11.50% contingent coupon rate is relatively high compared to some other similar products, but this is balanced by the risk of principal loss and the 4% decrement on the underlying index.
- The use of a decrement index is a feature that is not universally present in all structured products, and it adds an additional layer of complexity and risk for investors.
- The 1-year non-call period is a common feature in auto-callable notes, providing the issuer with a period of stability before potential early redemption.
Stakeholder Impact
- Shareholders of Morgan Stanley are exposed to the credit risk of the securities.
- Investors in the securities are exposed to the risk of losing their principal.
- Employees of Morgan Stanley and its affiliates may be involved in the structuring, selling, and hedging of the securities.
Next Steps
- Investors should monitor the performance of the S&P 500 Futures 40% Intraday 4% Decrement VT Index.
- Investors should be aware of the monthly observation dates and redemption determination dates.
- Investors should consult their tax advisors regarding the tax implications of this investment.
Related Party Transactions
- Morgan Stanley & Co. LLC (MS & Co.), an affiliate of MSFL and a wholly owned subsidiary of Morgan Stanley, is the agent for this offering and will receive commissions.
Key Dates
- August 30, 2024: The S&P 500 Futures 40% Intraday 4% Decrement VT Index was established.
- December 20, 2024: Pricing date of the securities.
- December 26, 2024: Original issue date of the securities.
- December 22, 2025: First redemption determination date after the 1-year non-call period.
- December 26, 2029: Maturity date of the securities.
Keywords
Contingent Income Securities, Auto-Callable Securities, Structured Notes, S&P 500 Futures, Decrement Index, Morgan Stanley, Principal at Risk, Investment, Derivatives
MS
Morgan Stanley
NYSE
Sector: Financial Services
Filings with Classifications
Better than expected
5 May 2025 4:13 PM
Quarterly Report
- Net revenues increased 17% year-over-year.
- Net income increased 26% year-over-year.
- Diluted earnings per share increased 29% year-over-year.
Better than expected
11 April 2025 7:45 AM
Quarterly Report
- The company reported record net revenues of $17.7 billion, exceeding previous expectations.
- Earnings per share (EPS) of $2.60 surpassed analyst estimates.
- The Return on Tangible Common Equity (ROTCE) of 23.0% was higher than anticipated.
Better than expected
4 April 2025 8:04 PM
Proxy Statement
- The firm achieved record revenues and strong financial performance across revenues, net income and EPS.
- The firm delivered pre-tax profit of $17.6 billion (up approximately 49% year-over-year).
- The firm reported full-year ROTCE of 18.8% and an efficiency ratio of 71%, making progress toward our Firmwide goals.
- The firm retained its premium valuation and continued to increase returns to shareholders, delivering total shareholder returns of 40% over the one-year period.
Better than expected
21 February 2025 4:25 PM
Annual Results
- The firm reported net revenues of $61.8 billion in 2024, which increased by 14% compared with $54.1 billion in 2023.
- Net income applicable to Morgan Stanley was $13.4 billion in 2024, which increased by 47% compared with $9.1 billion in 2023.
- Diluted earnings per common share was $7.95 in 2024, which increased by 53% compared with $5.18 in 2023.
Better than expected
13 February 2025 4:23 PM
Current Report
- The firm achieved record net revenues of $61.8 billion, up 14% year-over-year.
- Pre-tax profit increased by 49% year-over-year to $17.6 billion.
- Shareholders experienced a total return of 40%.
Worse than expected
24 January 2025 1:47 PM
Structured Investment Product Term Sheet
- The estimated value of the securities on the pricing date is less than the face value, indicating that the investor is paying a premium for the structure of the security.
- The potential for loss of principal is significant if the lowest performing stock falls below its downside threshold price.
Capital raise
24 January 2025 12:35 PM
Structured Product Offering
- This document is a free writing prospectus related to a new offering of Buffered PLUS securities.
- The offering is being made by Morgan Stanley Finance LLC and guaranteed by Morgan Stanley.
- The purpose of the offering is to raise capital for the issuer.
Worse than expected
24 January 2025 10:50 AM
Structured Product Offering
- The estimated value of the securities is approximately $969.50 per security, which is less than the issue price of $1,000, indicating that the securities are not worth the issue price at the time of issue.
Worse than expected
24 January 2025 9:36 AM
Structured Product Offering
- The estimated value of the securities is less than the issue price, indicating potential losses if sold on the secondary market.
- The payment at maturity could be significantly less than the principal if any of the underlying stocks perform poorly.
Worse than expected
23 January 2025 5:29 PM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $963.10, which is less than the issue price of $1,000, indicating that investors are paying a premium for the notes.
- The notes are subject to Morgan Stanley's credit risk, which could lead to losses if the company defaults.
Worse than expected
23 January 2025 2:21 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if AMD's stock price falls below the downside threshold.
Worse than expected
23 January 2025 2:16 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the original issue price, reflecting costs associated with issuing, selling, structuring, and hedging the securities.
Worse than expected
23 January 2025 2:15 PM
Preliminary Pricing Supplement
- The investor could lose up to 70% of their initial investment if the index declines by more than 30%.
Worse than expected
23 January 2025 2:15 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if the underlyings perform poorly.
Worse than expected
23 January 2025 2:10 PM
Preliminary Pricing Supplement
- The securities do not guarantee the repayment of principal.
- The securities do not provide for the regular payment of interest.
- If the final share price of any of the underlying shares is less than its respective downside threshold level, the payment at maturity will be less than 65% of the stated principal amount of the securities and could be zero.
Worse than expected
23 January 2025 2:02 PM
Pricing Supplement
- The Trigger PLUS securities carry a risk of principal loss, with potential for total loss if any underlying declines below its trigger level.
Worse than expected
23 January 2025 2:00 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $988.40, which is less than the issue price of $1,000, indicating that investors are paying a premium for the potential returns, and the initial investment is immediately at a loss.
Worse than expected
23 January 2025 1:58 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if the underlying indices perform poorly.
Worse than expected
23 January 2025 1:52 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the original issue price, reflecting costs associated with issuing, selling, structuring, and hedging the securities.
Worse than expected
23 January 2025 11:16 AM
Pricing Supplement
- The estimated value of the notes on the pricing date ($948.20) is less than the issue price ($1,000), reflecting issuance and hedging costs.
Worse than expected
23 January 2025 10:39 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is approximately $907 per security, which is less than the $1,000 issue price due to costs associated with issuing, selling, structuring, and hedging the securities.
- Investors could lose their entire investment if any underlying falls below its downside threshold.
Worse than expected
23 January 2025 9:22 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the product.
- The securities are subject to the credit risk of Morgan Stanley.
Worse than expected
23 January 2025 9:12 AM
Preliminary Pricing Supplement
- The document clearly states that investors may lose a significant portion or all of their principal, indicating a potential for worse than expected results.
Worse than expected
23 January 2025 9:10 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
Worse than expected
23 January 2025 9:07 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
- Investors could lose their entire principal if the final Tesla stock price falls below 60% of the initial price.
- Contingent coupons are not guaranteed and will not be paid if the Tesla stock price is below the coupon threshold level on determination dates.
Worse than expected
23 January 2025 8:57 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlyings perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring, and hedging the securities.
- The return is based on the worst-performing underlying, meaning a decline in one underlying can negatively impact the return even if the other performs well.
Worse than expected
23 January 2025 6:36 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is approximately $962.60, which is less than the issue price of $1,000, indicating that investors are paying a premium and the initial value is worse than the purchase price.
Worse than expected
23 January 2025 6:36 AM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes due to the costs of issuing, selling, structuring and hedging.
Worse than expected
23 January 2025 6:33 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is approximately $954.80 per note, which is less than the issue price of $1,000, indicating that investors are paying a premium and receiving less value than the purchase price.
Capital raise
23 January 2025 6:33 AM
Debt Issuance
- Morgan Stanley Finance LLC is raising capital through the issuance of these fixed-rate callable notes.
- The aggregate principal amount may be increased prior to the original issue date.
Worse than expected
23 January 2025 6:33 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that the initial terms are less favorable to investors.
Worse than expected
23 January 2025 6:27 AM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
Worse than expected
23 January 2025 6:18 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $967.80 per note, which is less than the issue price of $1,000, indicating that investors are paying a premium and receiving less value than the purchase price.
Worse than expected
22 January 2025 3:58 PM
Preliminary Pricing Supplement
- The securities expose investors to the downside risk of the lowest performing stock, potentially resulting in a loss of more than 20% and possibly all of their investment, which is worse than a traditional debt instrument.
Worse than expected
22 January 2025 3:43 PM
Pricing Supplement
- The estimated value of the notes on the trade date is less than the face value, indicating that the investor is paying a premium for the structure of the notes.
- The notes do not guarantee the return of principal and investors could lose their entire investment if the basket declines by more than 10%.
Worse than expected
22 January 2025 2:46 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying stocks fall below the downside threshold at maturity.
- The contingent monthly coupon is not guaranteed and depends on the performance of all four underlying stocks, meaning investors may not receive any income over the life of the security.
Worse than expected
22 January 2025 2:45 PM
Pricing Supplement
- The potential for significant loss of principal if either index falls below the trigger level makes the results worse than a direct investment in the indices.
Worse than expected
22 January 2025 2:43 PM
Pricing Supplement
- The estimated value of the securities on the pricing date was $961.30, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the product.
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any index falls below its downside threshold level.
Worse than expected
22 January 2025 2:43 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs borne by the investor.
Worse than expected
22 January 2025 2:42 PM
Pricing Supplement
- The securities have a significant risk of loss of principal if either of the underlying indices falls below 75% of its initial value, making the potential outcome worse than a standard debt instrument.
Worse than expected
22 January 2025 2:37 PM
Pricing Supplement
- The estimated value of the Trigger PLUS is lower than the issue price, indicating that investors are paying a premium for the potential upside, and the structure of the product means that investors could lose their entire investment if the basket performs poorly.
Worse than expected
22 January 2025 2:36 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $973.80, which is less than the issue price of $1,000, indicating that the securities are not worth the full purchase price at issuance.
- Investors are exposed to the risk of losing a significant portion or all of their principal if the final share price is below the downside threshold price.
Worse than expected
22 January 2025 2:35 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
Worse than expected
22 January 2025 2:33 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities have a principal at risk structure, meaning that investors could lose a significant portion or all of their investment.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
22 January 2025 2:22 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and may not be paid if any of the underlying stocks fall below their downside threshold levels.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
22 January 2025 2:19 PM
Pricing Supplement
- The document clearly states that investors may lose their entire initial investment, indicating a potential for worse than expected results.
- The estimated value of the PLUS is less than the issue price, suggesting that the product is not priced in favor of the investor.
Worse than expected
22 January 2025 2:15 PM
Pricing Supplement
- The potential for a 90% loss of principal makes the results worse than a standard debt instrument.
Worse than expected
22 January 2025 2:11 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The payment at maturity is dependent on the worst-performing underlying, exposing investors to significant downside risk.
Worse than expected
22 January 2025 2:06 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying ETFs perform poorly.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
22 January 2025 2:02 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and have a high risk of loss if the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three indices.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
22 January 2025 2:01 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential returns.
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying stock performs poorly.
Worse than expected
22 January 2025 2:00 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
Worse than expected
22 January 2025 1:59 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final index value is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price due to costs, indicating an immediate loss for investors.
Worse than expected
22 January 2025 1:58 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if either index falls below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will not be paid if either index is below its coupon barrier level on the observation date.
Worse than expected
22 January 2025 1:43 PM
Pricing Supplement
- The Trigger PLUS do not guarantee return of principal and investors could lose their entire investment if the index falls below the trigger level, making the results potentially worse than a standard investment.
Worse than expected
22 January 2025 1:38 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
Worse than expected
22 January 2025 1:36 PM
Pricing Supplement
- The potential for loss of principal is significant, with a minimum payment at maturity of only 20% of the initial investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all four underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
22 January 2025 1:35 PM
Pricing Supplement
- The Trigger PLUS have a significant risk of loss of principal if the S&P 500 Index falls below the trigger level, making the potential outcome worse than a direct investment in the index if the index declines significantly.
Worse than expected
22 January 2025 1:26 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and may not be paid if either underlying stock falls below the downside threshold level.
- The payment at maturity could be significantly less than the stated principal amount if either underlying stock performs poorly.
Worse than expected
22 January 2025 1:25 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the buffer amount.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
22 January 2025 1:24 PM
Pricing Supplement
- The document states that investors could lose up to 90% of their investment if any of the underlyings perform poorly, indicating a potential for worse than expected results.
Worse than expected
22 January 2025 1:13 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and may not be paid if any of the underlyings perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting issuance and hedging costs.
Worse than expected
22 January 2025 1:10 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will only be paid if the underlying stock price is at or above the downside threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
Worse than expected
22 January 2025 1:08 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below its downside threshold value.
- The potential upside is capped, limiting gains even if the indices perform exceptionally well.
- The estimated value of the securities on the pricing date is less than the issue price, indicating an immediate loss for investors.
Worse than expected
22 January 2025 1:03 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying stock.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
22 January 2025 12:59 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is less than the downside threshold price.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
22 January 2025 12:55 PM
Structured Product Offering
- The potential for significant loss of principal, up to 70%, makes the results worse than a standard debt instrument.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
22 January 2025 12:52 PM
Pricing Supplement
- The document indicates that investors may lose up to 85% of their principal, which is worse than a standard debt instrument.
Worse than expected
22 January 2025 12:51 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either index falls below its downside threshold level.
Worse than expected
22 January 2025 12:47 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities do not guarantee the return of principal, and investors could lose their entire investment if the underlyings perform poorly.
- The potential upside is capped, and investors do not participate in any appreciation of the underlyings beyond the fixed payments.
Worse than expected
22 January 2025 12:43 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price of Tesla is below the downside threshold level.
Worse than expected
22 January 2025 12:42 PM
Pricing Supplement
- The document clearly states that investors could lose their entire investment if the final index value is below the trigger level, indicating a potential for worse than expected results.
Worse than expected
22 January 2025 12:39 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The securities do not provide for regular interest payments, only contingent quarterly coupons, which may not be paid if the stock price falls below the downside threshold.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the securities.
Worse than expected
22 January 2025 12:31 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
Worse than expected
22 January 2025 10:49 AM
Preliminary Pricing Supplement
- The document states that investors may lose a significant portion or all of their principal, indicating a potential for worse than expected results.
Worse than expected
21 January 2025 4:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and may not be paid if any of the underlying stocks perform poorly.
- The securities are linked to the worst-performing stock, meaning a decline in any one stock can negatively impact returns.
Worse than expected
21 January 2025 3:14 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if the underlying stock price falls below 60% of its initial price on the observation date.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
21 January 2025 1:46 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either of the underlying assets declines by more than 14%.
Worse than expected
21 January 2025 1:42 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will not be paid if the underlying stock price is below the coupon threshold level on any observation date.
- Investors will not participate in any appreciation of the underlying stock price.
Worse than expected
21 January 2025 1:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and is only paid if all three indices are at or above 70% of their initial values on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
21 January 2025 1:32 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of Tesla's stock.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
21 January 2025 12:45 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities may pay no interest over the entire term.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
21 January 2025 12:33 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The contingent quarterly coupons are not guaranteed and depend on the performance of the underlying stock.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with issuing and hedging the securities.
Worse than expected
21 January 2025 12:31 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential return.
Worse than expected
21 January 2025 12:12 PM
Structured Product Offering
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying asset performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the security.
- The contingent coupon is not guaranteed and will only be paid if the underlying asset performs above a certain threshold.
Worse than expected
21 January 2025 12:11 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective downside threshold levels.
Worse than expected
21 January 2025 12:05 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is approximately $946.30 per security, while the issue price is $1,000, indicating that the investor is paying a premium for the structure of the security.
- The securities do not guarantee any return of principal and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
Worse than expected
21 January 2025 11:45 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The securities do not provide for regular interest payments, only contingent quarterly coupons, which may not be paid if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
21 January 2025 11:36 AM
Structured Product Offering
- The securities do not guarantee the return of principal and the payment at maturity can be significantly less than the stated principal amount if either index is below 75% of its initial value.
Worse than expected
21 January 2025 11:34 AM
Preliminary Pricing Supplement
- The securities have a high risk of principal loss, with the potential to lose the entire investment if the final index value is below the downside threshold level.
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential income.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
21 January 2025 11:31 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and depend on the performance of Tesla's stock.
- The initial estimated value of the securities is less than the issue price due to costs.
Worse than expected
21 January 2025 11:27 AM
Pricing Supplement
- The potential for loss of principal is significant if the lowest performing stock falls below its threshold price.
- The return is capped at the contingent fixed return, even if the underlying stocks perform exceptionally well.
- The estimated value of the securities is less than the face amount due to issuance and hedging costs.
Worse than expected
21 January 2025 11:26 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is approximately $933 per $1,000 security, which is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
21 January 2025 11:17 AM
Pricing Supplement
- The estimated value of the securities on the trade date is $9.08, which is less than the issue price of $10.00, indicating that the investor is paying a premium for the structuring and hedging costs.
- The securities have a downside threshold, below which investors could lose a significant portion or all of their principal, making the results worse than a standard debt instrument.
Worse than expected
21 January 2025 10:35 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The payment at maturity can be significantly less than the principal amount if any of the underlying ETFs perform poorly.
Worse than expected
17 January 2025 4:09 PM
Preliminary Pricing Supplement
- The estimated value of the Trigger PLUS on the pricing date is less than the original issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for a total loss of investment if the basket value falls below the trigger level makes this a high-risk investment.
Worse than expected
17 January 2025 4:09 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the product.
Worse than expected
17 January 2025 3:38 PM
Preliminary Pricing Supplement
- The document states that investors may lose a significant portion or all of their principal, indicating a potential for worse than expected results.
Worse than expected
17 January 2025 3:35 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the trade date is less than the issue price, indicating that the investor is paying a premium for the structure of the security.
- The potential for loss of principal is significant if either of the underlying indices falls below the downside threshold.
Worse than expected
17 January 2025 3:00 PM
Preliminary Pricing Supplement
- The securities do not guarantee a full return of principal and investors could lose up to 90% of their investment if the underlying index performs poorly.
- The estimated value of the securities on the trade date is less than the issue price, indicating that investors are paying a premium for the structure of the product.
Worse than expected
17 January 2025 2:09 PM
Preliminary Pricing Supplement
- The potential for loss of principal and the lack of interest payments make the results worse than a standard debt instrument.
Worse than expected
17 January 2025 1:22 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent quarterly coupon is not guaranteed and will not be paid if any of the underlying indices close below 70% of their initial value on the observation date, which is worse than a standard fixed income investment.
- The payment at maturity could be significantly less than the principal amount if any of the underlying indices close below 70% of their initial value on the final observation date, which is worse than a standard debt instrument.
Capital raise
17 January 2025 12:46 PM
Debt Offering Pricing Supplement
- Morgan Stanley is raising $5.5 billion through the issuance of fixed/floating rate senior notes.
- The notes are split into two tranches: $2.5 billion due in 2031 and $3 billion due in 2036.
- Concurrently, Morgan Stanley Bank, N.A. is offering $500 million of floating rate senior notes and $2 billion of fixed/floating rate senior notes, both due in 2029.
Worse than expected
17 January 2025 11:08 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The securities do not provide for regular interest payments, only contingent monthly coupons, which may not be paid if the underlying stock price falls below the downside threshold level.
Worse than expected
17 January 2025 11:01 AM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the initial investment is immediately worth less than the purchase price.
Worse than expected
16 January 2025 5:04 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying stock performs poorly.
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the potential return.
- The contingent coupon is not guaranteed and depends on the performance of the underlying stock.
Worse than expected
16 January 2025 1:53 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying stock.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with the offering.
Worse than expected
16 January 2025 1:45 PM
Preliminary Pricing Supplement
- The securities have a potential for loss of principal if the underlying indices perform poorly, and the estimated value on the pricing date is less than the issue price.
Capital raise
16 January 2025 1:40 PM
Preliminary Pricing Supplement
- The document details the offering of market-linked securities by Morgan Stanley Finance LLC.
- The total proceeds from the offering will be used by Morgan Stanley for general corporate purposes and hedging activities.
Worse than expected
16 January 2025 1:40 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
- The contingent coupon payments are not guaranteed and depend on the performance of the underlyings.
- The estimated value of the securities is less than the face amount, indicating that investors are paying a premium for the potential returns.
Worse than expected
16 January 2025 1:39 PM
Preliminary Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
16 January 2025 1:38 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
16 January 2025 1:02 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is less than the downside threshold price.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying stock, meaning investors may not receive any income.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with the offering.
Worse than expected
16 January 2025 12:11 PM
Structured Product Offering
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant, with a minimum payment at maturity of only 30% of the stated principal amount.
Worse than expected
16 January 2025 12:04 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The potential for no contingent monthly coupons and the 4% daily decrement on the underlying index make the expected return worse than a standard investment.
Worse than expected
16 January 2025 11:59 AM
Pricing Supplement
- The notes have an estimated value of $973.10 per note on the pricing date, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the structure of the notes.
- The notes do not guarantee any return, and investors may not receive any contingent monthly coupons if the underlying stocks perform poorly.
- The notes do not allow investors to participate in any appreciation of the underlying stocks, limiting the potential upside.
Worse than expected
16 January 2025 11:34 AM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal if the underlying index performs poorly, making the results worse than a standard debt instrument.
Worse than expected
16 January 2025 11:27 AM
Structured Product Offering
- The securities have a potential for significant loss of principal, up to 90%, if the S&P 500 Index declines below the downside threshold value.
Worse than expected
16 January 2025 10:37 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The securities do not provide regular interest payments, only contingent quarterly coupons, which may not be paid if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
16 January 2025 10:31 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either underlying stock falls below the downside threshold at maturity.
- The contingent monthly coupon is not guaranteed and will not be paid if either underlying stock is below 70% of its initial price on any observation date.
Capital raise
16 January 2025 10:13 AM
Debt Offering Pricing Supplement
- Morgan Stanley is issuing an unspecified amount of fixed/floating rate senior notes due in 2031 and 2036.
- Concurrently, Morgan Stanley Bank, N.A. is offering floating rate and fixed/floating rate senior notes due in 2029.
Better than expected
16 January 2025 8:59 AM
Quarterly Report
- The firm's net revenues, net income, and EPS significantly exceeded the previous year's results.
- The firm's ROTCE of 20.2% for the quarter and 18.8% for the year were substantially higher than the previous year.
- The firm's expense efficiency ratio improved to 71% for the full year, compared to 77% a year ago.
Worse than expected
16 January 2025 6:06 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and depends on the performance of the underlyings.
- The early redemption feature is at the discretion of the issuer and may occur when it is advantageous for them, potentially limiting the investor's opportunity to earn higher coupons.
Worse than expected
14 January 2025 3:53 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside, and the investor could lose a significant portion or all of their investment if either underlying falls below its downside threshold level at maturity.
Worse than expected
14 January 2025 2:50 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below its downside threshold level.
Worse than expected
14 January 2025 2:43 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal, up to 90%, if any of the underlyings perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the structure of the product.
- The return is capped at the digital payment, limiting upside potential even if the underlyings perform exceptionally well.
Worse than expected
14 January 2025 2:39 PM
Structured Product Offering
- The potential for loss is significant, with investors exposed to the decline of the worst-performing underlying beyond a 10% buffer, potentially losing up to 90% of their investment.
Worse than expected
14 January 2025 2:07 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying stock performs poorly.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the potential returns.
- The contingent coupons are not guaranteed and depend on the performance of the underlying stock, which could result in no coupon payments.
Worse than expected
14 January 2025 1:39 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock price falls below the downside threshold level, making the results worse than a guaranteed return.
Worse than expected
14 January 2025 1:39 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
14 January 2025 1:11 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either of the underlyings perform poorly.
- The contingent quarterly coupons are not guaranteed and depend on the performance of both underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
14 January 2025 12:31 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal if any of the underlyings perform poorly, which is worse than a standard debt instrument.
Worse than expected
14 January 2025 12:26 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential upside.
- The 4% per annum decrement on the underlying index will negatively impact the performance of the securities.
Worse than expected
14 January 2025 12:21 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
14 January 2025 11:02 AM
Pricing Supplement
- The securities expose investors to a 1:1 loss of principal for any decline in the underlying fund's share price, with no buffer, which is worse than a direct investment in the underlying fund.
Worse than expected
14 January 2025 11:01 AM
Pricing Supplement
- The securities have a significant risk of loss of principal if either of the underlying indices falls below the downside threshold, making the results potentially worse than a direct investment in the indices.
Worse than expected
14 January 2025 11:00 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stocks perform poorly.
- The contingent monthly coupon is not guaranteed and may not be paid if any of the underlying stocks fall below the coupon threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating upfront costs.
Worse than expected
14 January 2025 10:59 AM
Pricing Supplement
- The potential for significant loss of principal if either index falls below the downside threshold makes the results worse than a standard investment.
Worse than expected
14 January 2025 10:58 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stocks perform poorly.
Worse than expected
14 January 2025 10:57 AM
Pricing Supplement
- The securities are principal-at-risk, meaning investors could lose a significant portion or all of their initial investment if the final index value is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
14 January 2025 10:56 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Worse than expected
14 January 2025 10:53 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
Worse than expected
14 January 2025 10:52 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either underlying stock falls below the downside threshold level at maturity.
Worse than expected
14 January 2025 10:50 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
Worse than expected
14 January 2025 10:49 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent coupon is not guaranteed and will not be paid if either underlying stock falls below its downside threshold level on any observation date, which is worse than a standard fixed income investment.
- The payment at maturity is linked to the worst-performing stock, exposing investors to significant losses if either stock performs poorly, which is worse than a standard debt instrument.
Worse than expected
14 January 2025 10:48 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will only be paid if both indices are at or above their coupon barrier levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
14 January 2025 10:45 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities may not pay any interest over the entire term.
- The payment at maturity can be significantly less than the stated principal amount.
Worse than expected
14 January 2025 10:44 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
14 January 2025 10:44 AM
Pricing Supplement
- The securities have a built in daily decrement of 4% per annum which will negatively impact the performance of the underlying index.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the product.
Worse than expected
13 January 2025 4:47 PM
Structured Product Offering
- The document clearly states that investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective downside threshold levels, indicating a potential for worse than expected results.
Worse than expected
13 January 2025 3:33 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
Worse than expected
13 January 2025 2:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying stocks perform poorly.
Worse than expected
13 January 2025 2:33 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any underlying falls below its downside threshold level at maturity.
Worse than expected
13 January 2025 2:13 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of up to 80% of the principal is a significant downside risk.
Worse than expected
13 January 2025 2:07 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any of the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
13 January 2025 1:57 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
Worse than expected
13 January 2025 1:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
13 January 2025 1:30 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
Worse than expected
13 January 2025 1:14 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying index falls below 70% of its initial value.
Worse than expected
13 January 2025 12:47 PM
Preliminary Pricing Supplement
- The document states that investors could lose their entire initial investment, indicating a potential for worse than expected results.
- The estimated value of the Buffered PLUS on the pricing date is less than the issue price, indicating that investors will immediately be at a loss.
Worse than expected
13 January 2025 12:47 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their initial investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all four underlying indices.
- The estimated value of the securities is less than the issue price, indicating that the terms are not favorable to the investor.
Worse than expected
13 January 2025 12:41 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The underlying index is subject to a 4% per annum daily decrement, which will reduce its value over time.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
13 January 2025 12:37 PM
Structured Product Offering
- The document clearly states that investors may lose their entire initial investment, indicating a potential for worse than expected results.
- The estimated value of the Trigger PLUS is less than the issue price, suggesting that investors will immediately be at a loss if they try to sell the securities.
Capital raise
13 January 2025 12:08 PM
Preliminary Pricing Supplement
- The document details the offering of market-linked notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The proceeds from the sale of the notes will be used by Morgan Stanley for general corporate purposes and hedging activities.
Worse than expected
13 January 2025 12:02 PM
Market Linked Securities Offering
- The securities do not guarantee the return of the face amount of your securities at maturity.
- The securities do not provide for the regular payment of interest.
- Investors will not participate in any appreciation in either underlying stock.
Worse than expected
13 January 2025 11:53 AM
Pricing Supplement
- The estimated value of the securities on the trade date is less than the issue price, indicating that investors are bearing the costs of issuance and hedging.
- Investors may lose a significant portion or all of their principal if the S&P 500 Index closes below the downside threshold on the final observation date.
Delay expected
13 January 2025 10:16 AM
Preliminary Pricing Supplement
- The Final Valuation Date and Maturity Date are subject to postponement in the event of a Market Disruption Event or for non-Index Business Days.
Worse than expected
13 January 2025 10:16 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the trade date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for significant loss of principal if the final basket level falls below the downside threshold makes the results worse than a standard debt instrument.
Delay expected
13 January 2025 10:15 AM
Preliminary Pricing Supplement
- The Final Valuation Date and Maturity Date are subject to postponement in the event of a Market Disruption Event or for non-Index Business Days.
Worse than expected
13 January 2025 10:15 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the trade date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for significant loss of principal if the final basket level falls below the downside threshold makes the results worse than a simple investment in the underlying indices.
Worse than expected
10 January 2025 3:59 PM
Structured Product Offering
- The securities have an estimated value on the pricing date that is less than the issue price, indicating that the initial investment is immediately worth less than the purchase price.
- The securities carry a significant risk of loss of principal, including the potential loss of the entire investment, if any of the underlying indices perform poorly.
Worse than expected
10 January 2025 1:01 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and may not be paid if the underlying stocks perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
10 January 2025 1:00 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The payment at maturity could be significantly less than the principal amount if any of the underlying ETFs close below their respective downside threshold levels.
Worse than expected
10 January 2025 12:31 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
10 January 2025 12:22 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity could be significantly less than the stated principal amount, potentially zero, if any underlying falls below the downside threshold level.
Worse than expected
10 January 2025 12:18 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below 80% of its initial value at maturity.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
10 January 2025 11:51 AM
Preliminary Pricing Supplement
- The securities do not guarantee full repayment of principal and have a minimum payment at maturity of only 20% of the stated principal amount.
- The securities do not provide for regular interest payments, and the contingent monthly coupon is only paid if all three underlyings are at or above 70% of their initial levels on the observation date.
- The securities have early redemption risk, which could limit the opportunity to earn contingent monthly coupons.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
10 January 2025 11:42 AM
Pricing Supplement
- The notes have a capped return and a potential for loss of principal, making them worse than a direct investment in the index if the index performs very well.
- The estimated value of the notes is less than the face value, indicating that the investor is paying a premium for the structure of the notes.
Worse than expected
10 January 2025 11:18 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying assets.
Worse than expected
10 January 2025 9:33 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price.
- The underlying index has a 4% per annum daily decrement which will negatively impact its performance.
Worse than expected
10 January 2025 9:19 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments and may pay no interest over the entire term.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
10 January 2025 9:11 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $970.10, which is less than the $1,000 issue price, indicating that investors will pay more than the initial value of the notes.
Capital raise
10 January 2025 9:11 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
10 January 2025 9:11 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The securities do not guarantee the return of principal, and investors could lose their entire investment if a trigger event occurs and the worst-performing index declines significantly.
Worse than expected
10 January 2025 9:09 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
- The inclusion of costs associated with issuing, selling, structuring and hedging the notes in the original issue price reduces the economic terms of the notes for investors.
Worse than expected
10 January 2025 9:09 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $937.60, which is less than the $1,000 issue price, indicating that investors are paying a premium for the notes.
- The document explicitly states that the economic terms of the notes are less favorable to the investor due to the inclusion of costs and a lower internal funding rate.
Worse than expected
10 January 2025 9:08 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes that is not reflected in their initial value.
Worse than expected
10 January 2025 9:07 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $949.20, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the potential upside while bearing the costs of structuring and hedging.
- The potential for loss of principal is significant, as investors could lose a substantial portion or all of their investment if any of the underlying indices fall below their downside threshold levels at maturity.
Worse than expected
10 January 2025 9:07 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes due to the costs of issuing, selling, structuring and hedging.
Capital raise
10 January 2025 9:06 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
10 January 2025 9:06 AM
Debt Issuance
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are paying a premium for the notes.
- The notes are subject to Morgan Stanley's credit risk, which could lead to losses if the company defaults.
Worse than expected
10 January 2025 9:04 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either of the underlying indices fall below the downside threshold level.
- The contingent coupon is not guaranteed and depends on the performance of both underlying indices, meaning investors may not receive any coupon payments.
Worse than expected
10 January 2025 9:02 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging, making the initial investment less favorable.
Worse than expected
10 January 2025 9:01 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, selling, structuring, and hedging, making the initial investment less favorable.
Capital raise
10 January 2025 9:01 AM
Pricing Supplement
- Morgan Stanley is raising $405,000 through the issuance of these fixed-rate notes.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
10 January 2025 8:57 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging, making the economic terms less favorable.
Worse than expected
10 January 2025 8:54 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is lower than the issue price, indicating that investors are paying a premium for the notes that is not reflected in their initial value.
- The document explicitly states that the rate Morgan Stanley is willing to pay is lower than their secondary market credit spreads, making the economic terms less favorable to investors.
Worse than expected
10 January 2025 8:53 AM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging, making the initial investment less favorable.
Capital raise
10 January 2025 8:51 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
10 January 2025 8:51 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $956.10, which is less than the issue price of $1,000, indicating that investors will pay more than the initial estimated value.
- The secondary market price is expected to be lower than the issue price due to various costs and credit spreads.
Worse than expected
10 January 2025 8:49 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
- The inclusion of costs associated with issuing, selling, structuring and hedging the notes in the original issue price makes the economic terms of the notes less favorable to investors.
Capital raise
10 January 2025 8:49 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
10 January 2025 8:47 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors will likely experience an immediate loss if they sell the notes shortly after issuance.
- The inclusion of issuing, selling, structuring, and hedging costs in the original issue price makes the economic terms of the notes less favorable to investors.
Capital raise
10 January 2025 8:47 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes is not specified but may be increased prior to the original issue date.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
10 January 2025 8:47 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
- The inclusion of issuing, selling, structuring and hedging costs in the original issue price makes the economic terms of the notes less favorable to investors.
Capital raise
10 January 2025 8:47 AM
Debt Issuance
- The document details the issuance of fixed-rate notes, which is a form of capital raising for Morgan Stanley.
- The aggregate principal amount of the notes is not specified but may be increased prior to the original issue date.
Worse than expected
10 January 2025 8:46 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $946.40, which is less than the $1,000 issue price, indicating that investors are paying a premium for the notes.
- The secondary market price is expected to be lower than the issue price due to the inclusion of issuing, selling, structuring and hedging costs.
Capital raise
10 January 2025 8:46 AM
Debt Issuance
- Morgan Stanley is issuing fixed-rate notes to raise capital for general corporate purposes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
10 January 2025 8:45 AM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is approximately $970.10, which is less than the $1,000 issue price, indicating that investors are paying a premium for the notes.
Capital raise
10 January 2025 8:45 AM
Preliminary Pricing Supplement
- Morgan Stanley is issuing fixed-rate notes to raise capital.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
8 January 2025 5:27 PM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging.
Worse than expected
8 January 2025 5:26 PM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging.
Capital raise
8 January 2025 5:26 PM
Preliminary Pricing Supplement
- Morgan Stanley Finance LLC is raising capital through the issuance of these fixed-rate callable notes.
- The aggregate principal amount may be increased prior to the original issue date.
Capital raise
8 January 2025 5:18 PM
Debt Issuance
- The document details the issuance of fixed-rate callable notes, which represents a capital raise for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Capital raise
8 January 2025 5:17 PM
Debt Issuance Pricing Supplement
- The document details the issuance of fixed-rate callable notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
8 January 2025 5:17 PM
Debt Issuance Pricing Supplement
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are paying a premium for the notes.
Worse than expected
8 January 2025 5:16 PM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium and the economic terms are less favorable.
Capital raise
8 January 2025 5:16 PM
Debt Issuance
- The document details the issuance of fixed-rate callable notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Capital raise
8 January 2025 5:14 PM
Debt Issuance
- The document details the issuance of fixed-rate callable notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes may be increased prior to the original issue date, indicating a potential for a larger capital raise.
Worse than expected
8 January 2025 5:14 PM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $969.10, which is less than the issue price of $1,000, indicating that investors are paying a premium and receiving less value than the face value of the note.
Worse than expected
8 January 2025 3:43 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside, and the investor is exposed to the risk of losing a significant portion or all of their principal if either index falls below 80% of its initial value.
Worse than expected
8 January 2025 2:58 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The contingent coupon is not guaranteed and will not be paid if the underlying stock price is below the downside threshold price on any determination date.
Worse than expected
8 January 2025 2:55 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
8 January 2025 2:33 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either underlying stock falls below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring and hedging the securities.
Worse than expected
8 January 2025 2:01 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
8 January 2025 1:23 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either underlying stock falls below 80% of its initial price at maturity.
Worse than expected
8 January 2025 1:23 PM
Structured Product Offering
- The notes have a significant risk of loss of principal if any of the underlying indices fall below the trigger level, making them a riskier investment than traditional debt securities.
Worse than expected
8 January 2025 1:21 PM
Structured Product Offering
- The notes have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if either index falls below its trigger level.
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential upside.
Worse than expected
8 January 2025 1:17 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will not be paid if the underlying stock price is below the coupon threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
8 January 2025 1:15 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is $965.70 per note, which is less than the issue price of $1,000, indicating an immediate loss of value for investors.
Capital raise
8 January 2025 1:08 PM
Pricing Supplement
- The document details the issuance of $294,000 in fixed-rate callable notes.
- The proceeds from the sale of the notes will be used by Morgan Stanley for general corporate purposes.
Worse than expected
8 January 2025 1:08 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that the economic terms are less favorable to investors.
Worse than expected
8 January 2025 1:08 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes that is not reflected in their initial value.
Capital raise
8 January 2025 1:06 PM
Pricing Supplement
- The document details the issuance of $414,000 in fixed-rate callable notes, which represents a capital raise for Morgan Stanley Finance LLC.
- The proceeds from the sale of the notes will be used by the issuer for general corporate purposes.
Worse than expected
8 January 2025 1:06 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is lower than the issue price, indicating that the economic terms are less favorable to the investor.
Capital raise
8 January 2025 1:04 PM
Pricing Supplement
- Morgan Stanley Finance LLC is raising $1,376,000 through the issuance of these fixed-rate callable notes.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
8 January 2025 1:04 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is $926.40, which is significantly lower than the issue price of $1,000, indicating that investors are paying a premium and the economic terms are less favorable to investors.
Capital raise
8 January 2025 12:56 PM
Pricing Supplement
- Morgan Stanley Finance LLC is raising $1,284,000 through the issuance of these fixed-rate callable notes.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
8 January 2025 12:56 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
- The notes are callable, meaning the issuer can redeem them early if it is economically advantageous, potentially leaving investors with lower returns.
Worse than expected
8 January 2025 12:54 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes.
- The economic terms of the notes are less favorable to investors due to the inclusion of issuing, selling, structuring, and hedging costs in the original issue price.
Worse than expected
8 January 2025 12:53 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below 75% of their initial value.
Worse than expected
8 January 2025 12:51 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
8 January 2025 12:48 PM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the notes.
- The notes have a risk of receiving no interest on days when the 10CMS is outside the specified range, which is a worse outcome than a standard fixed or floating rate note.
Worse than expected
8 January 2025 12:48 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with the offering.
Worse than expected
8 January 2025 12:47 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is lower than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities do not guarantee the return of principal and investors could lose their entire investment.
Worse than expected
8 January 2025 12:45 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying stock.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
8 January 2025 12:10 PM
Structured Product Offering
- The notes have a capped return and a risk of losing the entire investment, which is worse than a direct investment in the S&P 500 Index.
Worse than expected
8 January 2025 11:15 AM
Pricing Supplement
- The notes have a capped return and a potential for loss of principal, making them worse than a direct investment in the S&P 500 if the index performs well.
- The estimated value of the notes on the trade date is less than the face value, indicating that investors are paying a premium for the structure of the notes.
Worse than expected
7 January 2025 3:02 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities may not pay any interest over the entire term.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
7 January 2025 2:03 PM
Structured Product Offering
- The document states that investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective trigger levels, indicating a potential for worse than expected results.
Worse than expected
7 January 2025 1:27 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, only contingent quarterly coupons.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
7 January 2025 1:23 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The contingent quarterly coupon is not guaranteed and will not be paid if any of the underlyings are below 70% of their initial level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
Worse than expected
7 January 2025 12:53 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The payment at maturity is linked to the worst-performing index, exposing investors to greater risk.
Worse than expected
7 January 2025 12:52 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
Worse than expected
7 January 2025 12:52 PM
Pricing Supplement
- The securities do not guarantee return of principal and investors could lose their entire investment if the underlying assets perform poorly.
Worse than expected
7 January 2025 12:47 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date was less than the issue price.
- The securities do not provide regular interest payments, and contingent coupons are not guaranteed.
Worse than expected
7 January 2025 12:43 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices close below their respective downside threshold levels at maturity.
Worse than expected
7 January 2025 12:41 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The contingent quarterly coupons are not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation dates.
Worse than expected
7 January 2025 12:37 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that costs are borne by the investor.
- Investors could lose up to 80% of their principal if the underlying index declines significantly beyond the 20% buffer.
Worse than expected
7 January 2025 12:34 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlying assets.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
Worse than expected
7 January 2025 12:27 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, indicating upfront costs.
Worse than expected
7 January 2025 12:25 PM
Pricing Supplement
- The potential for an 80% loss of principal and the risk of not receiving any contingent monthly coupons make the results worse than a traditional fixed income investment.
Worse than expected
7 January 2025 12:04 PM
Pricing Supplement
- The potential for a loss of up to 80% of the principal makes the results worse than a standard debt instrument.
Worse than expected
7 January 2025 11:58 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 75% of their investment if either underlying declines by more than 25% from its initial level.
- The contingent monthly coupon is not guaranteed and depends on the performance of both underlyings, which could result in no coupon payments for extended periods.
- The securities may be redeemed early by Morgan Stanley, limiting the potential for coupon payments and forcing investors to reinvest in a potentially lower interest rate environment.
Worse than expected
7 January 2025 11:52 AM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the structure of the product.
Worse than expected
7 January 2025 10:52 AM
Preliminary Pricing Supplement
- The document states that investors may lose a significant portion or all of their principal, indicating a potential for worse than expected results.
Worse than expected
7 January 2025 6:03 AM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying indices perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full investment amount at the outset.
- The return is based on the worst-performing index, meaning a decline in one index can negatively impact returns even if the others perform well.
Worse than expected
6 January 2025 2:16 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent quarterly coupons are not guaranteed and depend on the underlying stock price, which is worse than a standard fixed income investment.
Worse than expected
6 January 2025 1:42 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments, only contingent monthly coupons if the underlying stock performs well.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
6 January 2025 1:32 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying stocks fall below their respective downside threshold levels on the observation date.
- The payment at maturity can be significantly less than the stated principal amount if any of the underlying stocks fall below their respective downside threshold levels.
Worse than expected
6 January 2025 1:25 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
Worse than expected
6 January 2025 12:44 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying assets perform poorly.
Worse than expected
6 January 2025 12:21 PM
Preliminary Pricing Supplement
- The securities have a high risk of principal loss, with a minimum payment at maturity of only 15% of the principal.
- The contingent monthly coupon is not guaranteed and depends on the performance of the underlying index.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the security.
Worse than expected
6 January 2025 12:04 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if the underlying indices perform poorly.
Worse than expected
6 January 2025 12:00 PM
Pricing Supplement
- The securities have a principal at risk and investors could lose up to 85% of their investment.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs and fees.
Worse than expected
6 January 2025 11:51 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issuance.
Worse than expected
6 January 2025 11:49 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price due to costs.
Worse than expected
6 January 2025 11:46 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price, indicating upfront costs.
Worse than expected
6 January 2025 11:42 AM
Preliminary Pricing Supplement
- The securities have a potential for significant losses if either of the underlying indices falls below the downside threshold, making the results potentially worse than a direct investment in the indices.
Worse than expected
6 January 2025 11:40 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying indices perform poorly.
Worse than expected
6 January 2025 11:34 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The payment at maturity can be significantly less than the principal amount if any of the underlying indices perform poorly.
Worse than expected
6 January 2025 11:27 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of both underlying indices.
- The early redemption feature is at the discretion of Morgan Stanley and may occur when it is advantageous for them, potentially limiting the investor's opportunity to earn coupons.
Worse than expected
6 January 2025 11:23 AM
Preliminary Pricing Supplement
- The securities do not guarantee return of principal and investors could lose their entire investment if the underlying ETF's share price falls below the trigger level.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
6 January 2025 11:22 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below their downside threshold values.
Worse than expected
6 January 2025 11:20 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below its downside threshold level at maturity.
- The contingent monthly coupon is not guaranteed and no coupon will be paid if either index is below its coupon barrier level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring, and hedging the securities.
Capital raise
6 January 2025 11:14 AM
Structured Product Offering
- The aggregate principal amount of the securities to be issued is not specified in the document.
- The proceeds from the sale of the securities will be used by Morgan Stanley for general corporate purposes.
Worse than expected
6 January 2025 11:14 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either underlying falls below 70% of its initial level.
Delay expected
6 January 2025 10:53 AM
Pricing Supplement
- The stated maturity date can be postponed if the determination date is not a trading day or if a market disruption event occurs.
Worse than expected
6 January 2025 10:53 AM
Pricing Supplement
- The notes have a capped return and a potential for significant loss of principal, making them worse than a direct investment in the index if the index performs well.
- The estimated value of the notes on the trade date is less than the face value, indicating that the investor is paying a premium for the structure of the notes.
Worse than expected
3 January 2025 2:38 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
- The securities carry a significant risk of principal loss if any of the underlying indices fall below their downside threshold levels.
Worse than expected
3 January 2025 12:12 PM
Structured Product Offering
- The potential for significant loss of principal if either index falls below the trigger level makes the results worse than a standard investment in the underlying indices.
Worse than expected
3 January 2025 12:02 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The payment at maturity is dependent on the worst-performing underlying, exposing investors to significant downside risk.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs are borne by the investor.
Worse than expected
3 January 2025 11:23 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and may not be paid if any of the underlying stocks perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
3 January 2025 10:51 AM
Preliminary Pricing Supplement
- The potential for loss of principal is significant, as investors could lose more than 25% and up to 100% of their investment if any of the underlying indices fall below their downside threshold levels.
- The contingent coupon payments are not guaranteed and depend on the performance of the lowest performing index, which could result in no coupon payments over the term of the securities.
Worse than expected
3 January 2025 10:38 AM
Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying asset performs poorly.
Worse than expected
3 January 2025 9:31 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full purchase price at issuance.
Worse than expected
3 January 2025 9:24 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire initial investment.
- The contingent monthly coupon is not guaranteed and may not be paid for extended periods.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
2 January 2025 5:17 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their investment if the underlyings perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings, which could result in no income for extended periods.
- The securities are subject to early redemption risk, which could limit the potential for earning contingent monthly coupons.
Worse than expected
2 January 2025 4:51 PM
Structured Product Offering
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant if any of the underlying indices perform poorly.
Worse than expected
2 January 2025 3:42 PM
Pricing Supplement
- The document clearly states that investors could lose a significant portion or all of their investment if the underlying indices perform poorly, indicating a potential for worse than expected results.
Worse than expected
2 January 2025 3:40 PM
Preliminary Pricing Supplement
- The securities have a high risk of loss of principal, with a potential for a zero return if the underlying ETF performs poorly.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the potential upside.
- The securities do not pay regular interest, making them less attractive than traditional debt instruments.
Worse than expected
2 January 2025 3:37 PM
Pricing Supplement
- The securities do not guarantee the return of the face amount of the investment at maturity and investors are exposed to the downside risk of the lowest performing underlying, potentially losing a significant portion or all of their investment.
Worse than expected
2 January 2025 3:32 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value at maturity.
- The contingent semi-annual coupon is not guaranteed and will not be paid if any of the underlying indices fall below 70% of their initial value on the observation dates.
Worse than expected
2 January 2025 3:27 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent semi-annual coupon is not guaranteed and will not be paid if any of the underlying indices fall below the coupon barrier level on the observation date.
- The payment at maturity is dependent on the worst-performing index, exposing investors to significant downside risk.
Worse than expected
2 January 2025 2:54 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
2 January 2025 2:38 PM
Preliminary Pricing Supplement
- The potential for significant loss of principal if either index declines below the downside threshold makes the results potentially worse than a direct investment in the indices.
Worse than expected
2 January 2025 2:21 PM
Pricing Supplement
- The securities do not guarantee return of principal and investors could lose their entire investment if any of the underlying indices fall below their downside threshold value.
Capital raise
2 January 2025 2:18 PM
Pricing Supplement
- The maximum aggregate offering price of the securities is $11,591,000.00.
- The proceeds from the sale of the securities will go to Morgan Stanley Finance LLC.
Worse than expected
2 January 2025 2:18 PM
Pricing Supplement
- The securities have a potential for significant loss of principal if the lowest performing index falls below 70% of its starting level at maturity, which is worse than a standard debt instrument.
Worse than expected
2 January 2025 2:17 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly.
Worse than expected
2 January 2025 2:15 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stocks perform poorly.
- The contingent coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
2 January 2025 2:12 PM
Pricing Supplement
- The document clearly states that investors could lose their entire principal if the final index value of any underlying index is less than its respective downside threshold level.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three indices, meaning investors may not receive any coupon payments.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
2 January 2025 2:11 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying assets perform poorly.
- The contingent monthly coupon is not guaranteed and will only be paid if both underlying ETFs are at or above their respective coupon barrier levels on the observation date.
- The payment at maturity could be significantly less than the principal amount if either of the underlying ETFs closes below its downside threshold level.
Worse than expected
2 January 2025 2:09 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment at maturity if any underlying closes below its downside threshold level.
Worse than expected
2 January 2025 2:08 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupons are not guaranteed and depend on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
2 January 2025 12:33 PM
Preliminary Pricing Supplement
- The notes have a capped return and a significant risk of loss if the S&P 500 Index declines by more than 20%, making the potential outcome worse than a direct investment in the index if the index performs poorly.
Worse than expected
2 January 2025 11:54 AM
Preliminary Pricing Supplement
- The notes have a significant risk of loss of principal if the Nasdaq-100 Index declines by more than 20%.
Worse than expected
2 January 2025 11:53 AM
Pricing Supplement
- The notes have a capped upside and a potential for loss of principal, making them a worse investment than a direct investment in the S&P 500 if the index rises significantly.
- The estimated value of the notes is less than the face value, indicating that the investor is paying a premium for the structure of the notes.
Worse than expected
2 January 2025 11:17 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential returns.
- The securities have a 4% per annum daily decrement, which will negatively impact the performance of the underlying index.
- The securities do not guarantee the return of principal, and investors could lose their entire investment.
Worse than expected
2 January 2025 11:16 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Worse than expected
2 January 2025 11:16 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors can lose up to 85% of their initial investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full purchase price at issuance.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
2 January 2025 11:12 AM
Pricing Supplement
- The document highlights that investors may lose up to 85% of their principal, indicating a potential for worse than expected results.
Worse than expected
2 January 2025 11:08 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
2 January 2025 11:08 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
Worse than expected
2 January 2025 11:07 AM
Pricing Supplement
- The securities do not guarantee full repayment of principal and have a minimum payment at maturity of only 20%, which is worse than a standard debt instrument.
- The contingent coupon payments are not guaranteed and depend on the performance of the underlyings, which is worse than a standard fixed income payment.
- The potential for early redemption by the issuer is worse for investors who may want to hold the securities for the full term.
Worse than expected
2 January 2025 11:05 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant if any of the underlying indices fall below their downside threshold levels.
- The investor does not participate in any upside beyond the fixed early redemption or maturity payments.
Worse than expected
2 January 2025 11:04 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying indices perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
2 January 2025 11:01 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent coupons are not guaranteed and will not be paid if the underlying stock price is below the coupon threshold level on the observation date.
Worse than expected
31 December 2024 3:15 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The contingent quarterly coupons are not guaranteed and will not be paid if the underlying stock price is below the downside threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting issuance and hedging costs.
Worse than expected
31 December 2024 3:10 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment.
- The contingent quarterly coupon is not guaranteed and will not be paid if the underlying stock price falls below 50% of its initial price on any observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring and hedging the securities.
Worse than expected
31 December 2024 3:02 PM
Structured Product Offering
- The potential for significant loss of principal if any of the underlying indices fall below their trigger levels makes the results worse than a standard investment.
Capital raise
31 December 2024 2:09 PM
Pricing Supplement
- Morgan Stanley Finance LLC is raising $500,000 through the issuance of these notes.
- The aggregate face amount of the notes may be increased if the issuer decides to sell additional notes at a later date.
Worse than expected
31 December 2024 2:09 PM
Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the Biogen stock price falls below 65% of the initial level at maturity.
Worse than expected
31 December 2024 1:38 PM
Pricing Supplement
- The estimated value of the notes on the trade date is less than the original issue price, indicating that the investor is paying a premium for the product.
- The notes carry a risk of losing the entire principal investment, which is worse than a standard debt instrument.
Worse than expected
31 December 2024 1:36 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value at maturity.
Worse than expected
31 December 2024 1:33 PM
Preliminary Pricing Supplement
- The document states that the estimated value of the Trigger PLUS on the pricing date will be less than the original issue price due to costs associated with issuing, selling, structuring and hedging the Trigger PLUS.
- The document also states that investors could lose a significant portion or all of their investment if any of the underlying indices decline below their respective trigger levels.
Worse than expected
31 December 2024 1:31 PM
Preliminary Pricing Supplement
- The potential for loss of up to 80% of the principal makes the results worse than a standard debt instrument.
- The capped upside limits potential gains, making the results worse than direct investment in the underlying indices if they perform well.
Worse than expected
31 December 2024 1:16 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The securities do not provide for regular interest payments, instead offering a contingent coupon that may not be paid if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
31 December 2024 1:11 PM
Structured Product Offering
- The securities have a risk of loss of principal if any of the underlying indices fall below their downside threshold values.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
Worse than expected
31 December 2024 1:07 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will not be paid if either underlying stock falls below 60% of its initial price on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
31 December 2024 1:03 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The payment at maturity could be significantly less than the principal amount, potentially zero, if any of the underlying indices perform poorly.
Worse than expected
31 December 2024 1:02 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlyings are below their respective coupon barrier levels on the observation date.
- The early redemption feature is at the discretion of the issuer and may occur when it is advantageous for the issuer, potentially limiting the investor's opportunity to earn coupons.
Worse than expected
31 December 2024 1:02 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
31 December 2024 12:50 PM
Structured Product Offering
- The potential for significant loss of principal, including the possibility of losing the entire investment, makes the results worse than a standard investment.
Worse than expected
31 December 2024 12:42 PM
Pricing Supplement
- The Trigger PLUS have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
Worse than expected
31 December 2024 12:40 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if either underlying index falls below the downside threshold level at maturity.
- The contingent monthly coupon is not guaranteed and depends on the performance of both underlying indices, meaning investors may not receive any coupon payments.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential upside while bearing the full downside risk.
Worse than expected
31 December 2024 12:38 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The payment at maturity could be significantly less than the principal amount if any of the underlying indices perform poorly.
Worse than expected
31 December 2024 12:08 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
- Investors are exposed to the risk of losing a significant portion or all of their principal if the final share price is below the downside threshold price.
- There is no guarantee of receiving any contingent quarterly coupons if the underlying stock price remains below the downside threshold price.
Worse than expected
31 December 2024 12:07 PM
Pricing Supplement
- The potential for significant loss of principal, up to 80%, if any of the underlyings perform poorly makes the results worse than a standard debt instrument.
Worse than expected
31 December 2024 11:56 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
31 December 2024 11:56 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
Worse than expected
31 December 2024 11:54 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below its downside threshold level at maturity.
Worse than expected
31 December 2024 11:54 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The payment at maturity can be less than 70% of the principal amount and could be zero if any of the indices close below their downside threshold level.
Worse than expected
31 December 2024 11:54 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the linked indices perform poorly.
Worse than expected
31 December 2024 11:53 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if Tesla's stock price falls below the downside threshold level at maturity.
- There is no guarantee of receiving any contingent quarterly coupons if Tesla's stock price remains below the downside threshold level on observation dates.
Worse than expected
31 December 2024 11:52 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
Worse than expected
31 December 2024 11:49 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings fall below the downside threshold level.
Worse than expected
31 December 2024 11:46 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly.
Worse than expected
31 December 2024 11:43 AM
Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment if any of the underlying ETFs perform poorly.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlying ETFs.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
Worse than expected
31 December 2024 11:43 AM
Preliminary Pricing Supplement
- The potential for loss of principal is significant, with investors risking up to 80% of their investment if either of the underlying ETFs declines by more than 20% at maturity.
- The contingent coupon is not guaranteed and depends on the performance of both underlying ETFs, meaning investors may not receive any income.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the product is not priced in favor of the investor.
Worse than expected
31 December 2024 11:40 AM
Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The securities are linked to the worst-performing underlying, increasing the risk of loss.
Worse than expected
31 December 2024 11:36 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will only be paid if both indices are at or above their respective coupon barrier levels on the observation date.
Worse than expected
31 December 2024 11:33 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation date.
- The payment at maturity is dependent on the worst-performing index, which could result in a significant loss of principal.
Worse than expected
31 December 2024 10:57 AM
Pricing Supplement
- The securities are principal-at-risk, meaning investors could lose a significant portion of their investment if the underlying stocks perform poorly.
- The initial estimated value of the securities is less than the face amount due to issuance and hedging costs, indicating an immediate loss for investors.
Worse than expected
31 December 2024 9:54 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
31 December 2024 9:54 AM
Structured Product Offering
- The potential for significant loss of principal if either index falls below its trigger level makes the results worse than a standard investment in the underlying indices.
Worse than expected
31 December 2024 9:53 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments, only contingent quarterly coupons.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
30 December 2024 4:30 PM
Preliminary Pricing Supplement
- The securities have a high risk of loss of principal, and the potential for contingent income is not guaranteed.
- The underlying index is subject to a 4% daily decrement, which will negatively impact its performance.
- The estimated value of the securities on the pricing date is significantly lower than the issue price.
Worse than expected
30 December 2024 3:31 PM
Structured Product Offering
- The estimated value of the Buffered PLUS on the pricing date is less than the issue price, indicating that the initial investment is immediately worth less than the purchase price.
- The potential for loss of up to 75% of the principal is a significant downside risk.
Worse than expected
30 December 2024 3:30 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure.
- The underlying index is subject to a 4% per annum daily decrement, which will reduce its value over time.
Worse than expected
30 December 2024 3:29 PM
Structured Product Offering
- The securities have a principal at risk structure, with a minimum payment at maturity of only 20% of the stated principal amount, which is worse than a standard debt instrument.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the initial investment is immediately worth less than the purchase price.
Worse than expected
30 December 2024 3:27 PM
Preliminary Pricing Supplement
- The estimated value of the securities is significantly lower than the issue price, indicating that the investor is paying a premium for the potential returns.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance compared to a similar index without the decrement.
- The investor risks losing a significant portion or all of their principal if the final index value is below the downside threshold level.
Worse than expected
30 December 2024 2:42 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities may not pay any interest over the entire term.
- The payment at maturity could be significantly less than the stated principal amount if either underlying stock performs poorly.
Worse than expected
30 December 2024 2:07 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant, with a minimum payment at maturity of only 15% of the principal.
- The appreciation potential is limited to the fixed early redemption payments or the fixed payment at maturity, and investors will not participate in any appreciation of the underlying index beyond these fixed returns.
Worse than expected
30 December 2024 2:03 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any underlying falls below its downside threshold level at maturity.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings, with no coupon paid if any underlying is below its coupon threshold level on the observation date.
Capital raise
30 December 2024 2:03 PM
Pricing Supplement
- The aggregate principal amount of the offering is $1,000,000.
- The proceeds from the sale of the securities will be used by Morgan Stanley for general corporate purposes.
Worse than expected
30 December 2024 2:02 PM
Pricing Supplement
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the potential return.
- The structure of the security exposes investors to the risk of losing a significant portion or all of their principal if any of the underlying indices perform poorly.
Worse than expected
30 December 2024 2:01 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below its downside threshold level.
Worse than expected
30 December 2024 2:01 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments and investors may not receive any contingent quarterly coupons.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
30 December 2024 1:59 PM
Pricing Supplement
- The estimated value of the Trigger PLUS is less than the issue price, indicating that the investor is paying a premium for the structure.
- The potential for loss of principal is significant if the index falls below the trigger level.
- The upside is capped, limiting potential gains compared to a direct investment in the index.
Worse than expected
30 December 2024 1:58 PM
Pricing Supplement
- The document clearly states that investors could lose their entire investment if either of the underlying indices falls below the trigger level, indicating a potential for worse than expected results.
Worse than expected
30 December 2024 1:46 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if the underlying indices perform poorly.
- The contingent monthly coupons are not guaranteed and will not be paid if any of the underlying indices are below 70% of their initial value on the observation date.
- The payment at maturity could be significantly less than the stated principal amount if any of the indices fall below 70% of their initial value.
Worse than expected
30 December 2024 1:46 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and are only paid if all three indices are at or above their respective coupon barrier levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
30 December 2024 1:38 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective downside threshold levels.
Worse than expected
30 December 2024 1:27 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below their downside threshold values.
Worse than expected
30 December 2024 1:23 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their investment if the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
Worse than expected
30 December 2024 1:21 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $920.20, which is less than the issue price of $1,000, indicating that the initial value is worse than the price paid.
- The potential for loss of up to 80% of the principal is a significant downside risk.
Worse than expected
30 December 2024 1:19 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the securities.
Worse than expected
30 December 2024 1:18 PM
Pricing Supplement
- The securities do not guarantee return of principal and investors could lose their entire investment if any of the underlying indices decline below the downside threshold.
Worse than expected
30 December 2024 1:16 PM
Pricing Supplement
- The securities have a minimum payment at maturity of only 20% of the stated principal amount, meaning investors could lose up to 80% of their investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any underlying closes below its coupon barrier level on the observation date.
- The securities are subject to early redemption risk, which could limit the term of the investment and the potential for coupon payments.
Worse than expected
30 December 2024 1:06 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices decline below their respective downside threshold values.
Worse than expected
30 December 2024 1:05 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
- The securities do not guarantee the return of principal, and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
- The securities do not pay regular interest payments.
Worse than expected
30 December 2024 1:03 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on all three indices being at or above their respective coupon barrier levels on each observation date.
- The payment at maturity is tied to the worst-performing index, exposing investors to significant downside risk.
Worse than expected
30 December 2024 1:03 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The securities only pay a contingent coupon, which is worse than a standard debt instrument that pays regular interest.
Worse than expected
30 December 2024 1:02 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal, up to 85%, if the underlying index declines substantially.
- The contingent monthly coupons are not guaranteed and may not be paid if the underlying index performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential returns.
Worse than expected
30 December 2024 1:02 PM
Preliminary Pricing Supplement
- The securities have an estimated value of $921 on the pricing date, which is less than the $1000 issue price, indicating that the initial terms are not favorable to the investor.
- The securities expose investors to the full downside risk of the worst performing index if it falls below 70% of its initial value, which is worse than products that offer downside protection.
Worse than expected
30 December 2024 1:01 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the initial investment is immediately worth less than the purchase price.
- The securities have a 4% per annum daily decrement, which will reduce the index level regardless of market performance, making it harder to achieve positive returns.
- The potential for loss of up to 85% of the principal is a significant downside risk.
Worse than expected
30 December 2024 11:54 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final index value of any underlying index is less than its downside threshold level.
Worse than expected
30 December 2024 11:49 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices decline significantly.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
30 December 2024 11:42 AM
Preliminary Pricing Supplement
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant, with a maximum loss of 80% of the investment.
- The return is based on the worst-performing index, which could result in a lower return than if the return was based on an average of the indices.
Worse than expected
30 December 2024 11:37 AM
Structured Product Offering
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the potential upside.
- The securities do not guarantee the return of principal and expose investors to the risk of losing their entire investment if the underlying indices perform poorly.
Worse than expected
27 December 2024 3:58 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their investment.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of structuring and hedging.
- The securities do not pay regular interest, so investors forgo current income.
Worse than expected
27 December 2024 3:39 PM
Structured Product Offering
- The document states that investors may lose their entire initial investment, indicating a potential for worse than expected results.
- The estimated value of the Trigger PLUS on the pricing date is less than the issue price, indicating that investors will immediately be at a loss.
Worse than expected
27 December 2024 3:39 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective downside threshold levels at maturity.
Worse than expected
27 December 2024 3:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the indices are below the 70% threshold on the observation date.
- The payment at maturity can be significantly less than the principal amount if any of the indices are below the 70% threshold.
Worse than expected
27 December 2024 2:44 PM
Preliminary Pricing Supplement
- The estimated value of the securities is significantly lower than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities are not principal protected, and investors could lose their entire investment if the index performs poorly.
- The 4% decrement feature will reduce the value of the underlying index over time.
Worse than expected
27 December 2024 2:41 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The 4% per annum decrement on the underlying index will reduce its value over time, negatively impacting the potential return.
- The investor is exposed to a potential loss of up to 85% of their principal if the underlying index declines significantly.
Worse than expected
27 December 2024 2:14 PM
Preliminary Pricing Supplement
- The potential for loss of principal is significant, with a maximum loss of 80% if any of the underlying stocks decline by more than 20% from their initial price.
- The contingent coupon is not guaranteed and depends on the performance of all four underlying stocks, meaning investors may not receive any income.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
27 December 2024 1:08 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The contingent coupon is not guaranteed and depends on the performance of all three underlyings, which increases the risk of not receiving any coupon payments.
- The securities are subject to early redemption risk, which could limit the opportunity to earn contingent coupons.
Worse than expected
27 December 2024 11:50 AM
Structured Product Offering
- The notes have a high risk of principal loss if either index falls below its trigger level, which is worse than a standard debt instrument.
- The initial estimated value is less than the issue price, indicating that investors are paying a premium for the potential upside, which is worse than buying at fair value.
Worse than expected
27 December 2024 11:37 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
27 December 2024 11:36 AM
Preliminary Pricing Supplement
- The securities have a significant risk of loss of principal if either of the underlying indices falls below 70% of its initial value, making the potential outcome worse than a simple investment in the indices.
Worse than expected
27 December 2024 11:28 AM
Pricing Supplement
- The document states that investors could lose up to 80% of their initial investment, indicating a potential for worse than expected results.
- The estimated value of the securities on the pricing date is less than the issue price, suggesting that investors are paying a premium for the product.
Worse than expected
27 December 2024 11:24 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices are below 70% of their initial value on the observation date.
- If the securities are not redeemed early and any of the final index values are below 70% of their initial value, investors will receive less than 70% of their principal, potentially down to zero.
Worse than expected
27 December 2024 11:19 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if the underlying indices perform poorly.
Capital raise
27 December 2024 11:17 AM
Structured Product Offering
- The document details the issuance of securities with a stated principal amount of $1,000 per security.
- The aggregate principal amount of the offering is not specified in this document.
- The proceeds from the sale of the securities will be used by Morgan Stanley for general corporate purposes.
Worse than expected
27 December 2024 11:12 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent quarterly coupon is not guaranteed and will not be paid if Tesla's stock price falls below the downside threshold level on any observation date.
Worse than expected
27 December 2024 10:47 AM
Preliminary Pricing Supplement
- The Trigger PLUS have a risk of loss of principal, and the estimated value is less than the issue price, indicating worse than expected results for investors who do not understand the risks.
Worse than expected
27 December 2024 10:45 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index declines by more than 30%.
Worse than expected
27 December 2024 10:38 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
- The coupon payments are contingent on the underlying stock price and may not be paid if the price is below the downside threshold.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting issuance and hedging costs.
Worse than expected
26 December 2024 2:30 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their investment, which is worse than a guaranteed return product.
Worse than expected
26 December 2024 2:28 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the index performs poorly.
Worse than expected
26 December 2024 2:09 PM
Pricing Supplement
- The document clearly states that investors may lose their entire investment, indicating a potential for worse than expected results.
- The structure of the product exposes investors to the full downside of the worst performing asset if it falls below the trigger level, which is a significant risk.
Worse than expected
26 December 2024 2:04 PM
Pricing Supplement
- The securities have a potential for loss of principal if any of the underlyings decline below their respective downside threshold values, which is a worse outcome than a guaranteed return of principal.
Worse than expected
26 December 2024 1:58 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any underlying performs poorly.
Worse than expected
26 December 2024 1:49 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the initial terms are less favorable to the investor.
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below their downside threshold levels.
Worse than expected
26 December 2024 1:34 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying performs poorly.
- The contingent monthly coupon is not guaranteed and is only paid if all three underlyings are at or above their respective coupon barrier levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
Worse than expected
26 December 2024 1:23 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their initial investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the structure.
- The contingent monthly coupons are not guaranteed and depend on the performance of the underlying index.
Worse than expected
26 December 2024 1:20 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
26 December 2024 1:16 PM
Pricing Supplement
- The securities have a potential for loss of principal if any of the underlyings perform poorly, and the upside is capped, making the risk-reward profile worse than a direct investment in the underlyings.
Worse than expected
26 December 2024 1:12 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
- The securities do not participate in any appreciation of the underlying index.
Worse than expected
26 December 2024 1:04 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The underlying index is subject to a 4% per annum daily decrement, which will reduce its value over time, making it more difficult to achieve positive returns.
- The investor is exposed to the downside risk of the underlying index beyond the 15% buffer, potentially losing up to 85% of their initial investment.
Worse than expected
26 December 2024 12:47 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices are below their respective coupon threshold levels on the observation date.
Worse than expected
26 December 2024 12:44 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if a trigger event occurs.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
26 December 2024 12:40 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their investment.
- The securities do not pay regular interest, limiting the potential return compared to traditional debt instruments.
- The 4% per annum decrement will adversely affect the performance of the underlying index.
Worse than expected
26 December 2024 12:35 PM
Pricing Supplement
- The document clearly states that investors could lose their entire principal if the underlying indices perform poorly, indicating a potential for worse than expected results.
Worse than expected
26 December 2024 12:31 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the linked indices close below their respective coupon barrier levels on the observation date.
- The payment at maturity could be significantly less than the principal amount if any of the linked indices close below their respective downside threshold levels.
Worse than expected
26 December 2024 12:27 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any index is below its downside threshold level at maturity.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
26 December 2024 12:26 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside, and the investor is exposed to the risk of losing a significant portion or all of their investment.
Worse than expected
26 December 2024 12:17 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stocks perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
Worse than expected
26 December 2024 12:13 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any underlying closes below its downside threshold level at maturity.
Worse than expected
26 December 2024 11:37 AM
Pricing Supplement
- The notes have a capped upside and significant downside risk, meaning that the potential for loss is greater than the potential for gain.
- The estimated value of the notes on the trade date is less than the original issue price, indicating that the investor is paying a premium for the product.
Capital raise
26 December 2024 10:52 AM
Preliminary Pricing Supplement
- The document details the offering of autocallable notes by Morgan Stanley Finance LLC.
- The aggregate face amount of the notes may be increased if the issuer decides to sell additional notes on a subsequent date.
Worse than expected
26 December 2024 9:17 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying index performs poorly.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
Worse than expected
26 December 2024 9:14 AM
Preliminary Pricing Supplement
- The potential for significant loss of principal due to the downside risk associated with the worst-performing index makes the results worse than a simple investment in the underlying indices.
Worse than expected
26 December 2024 9:07 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective downside threshold levels at maturity.
Worse than expected
26 December 2024 9:05 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuance and hedging.
Worse than expected
26 December 2024 9:04 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices close below the downside threshold level at maturity.
Worse than expected
26 December 2024 9:04 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any underlying falls below its downside threshold level at maturity.
Worse than expected
26 December 2024 9:03 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential returns.
- The securities have a high risk of loss, with a potential loss of up to 85% of the initial investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of the underlying index.
Worse than expected
26 December 2024 8:54 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if any of the underlying indices fall below their downside threshold values.
Worse than expected
26 December 2024 8:54 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final value of any underlying index is below its downside threshold level.
Worse than expected
26 December 2024 8:52 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The payment at maturity can be significantly less than the principal amount if any of the underlying indices perform poorly.
Worse than expected
26 December 2024 8:50 AM
Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value at maturity.
Worse than expected
26 December 2024 8:50 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the index declines significantly.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs, indicating an immediate loss for investors.
Worse than expected
26 December 2024 8:49 AM
Pricing Supplement
- The securities have a contingent downside principal at risk, meaning investors could lose a significant portion of their investment if the worst-performing index falls below its threshold level.
- The estimated value of the securities is less than the face amount, indicating that investors are paying a premium for the potential upside.
Worse than expected
26 December 2024 8:47 AM
Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying indices fall below their downside threshold, making the potential outcome worse than a standard investment in the underlying indices.
Worse than expected
26 December 2024 8:40 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlying indices.
- The estimated value of the securities is less than the issue price due to costs associated with the offering.
Worse than expected
26 December 2024 8:38 AM
Structured Product Offering
- The potential for loss of up to 80% of the principal investment makes the results worse than a standard debt instrument.
Worse than expected
26 December 2024 8:38 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlyings are below their respective coupon threshold levels.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
26 December 2024 8:36 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the product.
- The potential for loss of principal is significant, with a minimum payment at maturity of only 20% of the stated principal amount.
- The underlying index has a 4% per annum daily decrement, which will reduce its value over time.
Worse than expected
26 December 2024 8:35 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices are below 70% of their initial value on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuance, selling, structuring, and hedging.
Worse than expected
26 December 2024 8:33 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying index declines by more than 30% from its initial value.
- The securities do not provide for regular interest payments and investors may not receive any monthly coupons if any of the underlying indices close below their respective coupon barrier levels on the observation dates.
Worse than expected
26 December 2024 8:28 AM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment.
- Contingent monthly coupons are not guaranteed and depend on the performance of all three underlying indices.
- The securities are linked to the worst-performing index, increasing the risk of loss.
Worse than expected
26 December 2024 8:27 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Capital raise
26 December 2024 8:26 AM
Pricing Supplement
- The aggregate principal amount of the offering is $515,000.
- The proceeds from the sale of the securities will be used by Morgan Stanley for general corporate purposes.
Worse than expected
26 December 2024 8:26 AM
Pricing Supplement
- The securities do not guarantee return of principal and investors could lose their entire investment if the final commodity price falls below the downside threshold value.
Worse than expected
26 December 2024 8:25 AM
Pricing Supplement
- The document indicates that investors could lose a significant portion or all of their investment if any of the underlyings perform poorly, which is worse than a guaranteed return of principal.
Worse than expected
26 December 2024 8:24 AM
Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying stocks perform poorly.
Worse than expected
26 December 2024 8:24 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent quarterly coupons are not guaranteed and will only be paid if both underlying ETFs are at or above their respective coupon barrier levels on the observation dates, which is worse than a standard fixed income investment.
Worse than expected
26 December 2024 8:17 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent semi-annual coupon is not guaranteed and may not be paid if any of the indices fall below the coupon barrier level, which is worse than a standard fixed income investment.
Worse than expected
26 December 2024 8:15 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
- The contingent quarterly coupons are not guaranteed and depend on the performance of all three indices.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
26 December 2024 8:15 AM
Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying stocks fall below their downside threshold, making the results potentially worse than a direct investment in the underlying stocks.
Worse than expected
26 December 2024 8:00 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant if the S&P 500 falls below the trigger level.
- The upside is capped at 160% of the principal, limiting potential gains.
Worse than expected
26 December 2024 7:56 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and may not be paid if the underlying indices do not perform well.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
26 December 2024 7:53 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent quarterly coupon is not guaranteed and will not be paid if the underlying stock price is below the downside threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
23 December 2024 3:06 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the price of Tesla stock falls below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will not be paid if the underlying stock price falls below the coupon threshold level.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
23 December 2024 2:58 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any of the underlying ETFs fall below 60% of their initial price at maturity.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
23 December 2024 2:38 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
23 December 2024 2:22 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
23 December 2024 2:21 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of NVIDIA's stock.
- The securities may be redeemed early, limiting the potential for coupon payments.
Worse than expected
23 December 2024 2:20 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if the underlying ETFs perform poorly.
- The return is capped at 15%, limiting upside potential even if the underlying ETFs perform exceptionally well.
- The estimated value of the securities is less than the face value, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
23 December 2024 2:19 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices, which is worse than a standard fixed income instrument.
- The early redemption feature is at Morgan Stanley's discretion and may occur when it is advantageous for them, not necessarily for the investor, which is worse than a standard callable bond.
Worse than expected
23 December 2024 2:18 PM
Preliminary Pricing Supplement
- The securities do not guarantee full repayment of principal and have a minimum payment at maturity of only 20% of the stated principal amount.
- The securities do not provide for regular interest payments, and the contingent monthly coupon is only paid if all three indices are at or above their respective coupon barrier levels.
- Investors could lose up to 80% of their principal if any underlying index declines by more than 20%.
Worse than expected
23 December 2024 2:17 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal if either of the underlying assets declines by more than 40% from its initial price.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
23 December 2024 2:10 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment at maturity if any underlying closes below its downside threshold level.
Worse than expected
23 December 2024 2:10 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stocks perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
23 December 2024 2:10 PM
Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying indices fall below their downside threshold values, making the potential outcome worse than a standard debt instrument.
Worse than expected
23 December 2024 2:09 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either of the underlying assets declines by more than 20%.
Worse than expected
23 December 2024 2:08 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below their respective downside threshold levels at maturity.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
Worse than expected
23 December 2024 2:02 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the product.
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
23 December 2024 2:01 PM
Pricing Supplement
- The notes have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if either index falls below its trigger level.
Worse than expected
23 December 2024 1:59 PM
Pricing Supplement
- The document clearly states that investors may lose a significant portion or all of their investment if either underlying index falls below its trigger level, indicating a potential for worse than expected outcomes.
Worse than expected
23 December 2024 1:58 PM
Pricing Supplement
- The potential for significant loss of principal if any of the underlying indices fall below their trigger levels makes the results worse than a standard investment.
Worse than expected
23 December 2024 1:58 PM
Pricing Supplement
- The document clearly states that investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective trigger levels, indicating a potential for worse than expected results.
Worse than expected
23 December 2024 1:52 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential returns.
- The securities have a minimum payment at maturity of only 15% of the principal, meaning investors could lose up to 85% of their investment.
Worse than expected
23 December 2024 1:52 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $948.90, which is less than the issue price of $1,000, indicating that the investor is bearing the costs of issuing, selling, structuring and hedging the securities.
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The potential upside is capped at $1,270 per security if redeemed early, limiting the potential gains compared to direct investment in the underlying indices.
Worse than expected
23 December 2024 1:50 PM
Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity can be less than 70% of the principal and could be zero.
- The securities do not provide regular interest payments and the contingent monthly coupon is only paid if all three indices are at or above their respective coupon barrier levels on the observation dates.
Worse than expected
23 December 2024 1:44 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and is only paid if all three indices are at or above their respective coupon barrier levels on the observation date.
- The payment at maturity could be significantly less than the principal amount if any of the indices fall below their downside threshold levels.
Worse than expected
23 December 2024 1:29 PM
Preliminary Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the indices perform poorly.
- The estimated value of the securities on the trade date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential return is capped at the call return rate, and investors will not participate in any appreciation of the indices beyond that.
Worse than expected
23 December 2024 12:30 PM
Structured Product Pricing Supplement
- The notes have a capped return and a potential for significant loss of principal, making them a worse investment than a direct investment in the index if the index performs well.
Worse than expected
23 December 2024 9:52 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and have a potential for loss of the entire investment, which is worse than a standard debt instrument.
Worse than expected
23 December 2024 9:49 AM
Pricing Supplement
- The securities have a capped upside and a potential for significant loss of principal if any of the underlying indices fall below their trigger levels, making the potential for worse results more likely than better results.
Worse than expected
23 December 2024 9:46 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $908.60, which is less than the issue price of $1,000, indicating that the securities are not worth their face value at issuance.
- The securities carry a risk of losing the entire principal if the final index value is below the downside threshold level.
Worse than expected
23 December 2024 9:41 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below their downside threshold value.
Worse than expected
20 December 2024 4:12 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity could be significantly less than the principal amount, potentially zero, if any underlying performs poorly.
Worse than expected
20 December 2024 4:04 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices close below 70% of their initial value at maturity.
Worse than expected
20 December 2024 4:02 PM
Structured Product Offering
- The document indicates that investors could lose a significant portion or all of their investment if any of the underlying indices fall below their respective trigger levels, which is a worse outcome than a guaranteed return of principal.
Worse than expected
20 December 2024 3:56 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below the downside threshold level.
Worse than expected
20 December 2024 3:53 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings decline significantly.
- The contingent monthly coupon is not guaranteed and will not be paid if any underlying closes below its coupon barrier level on the observation date.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
20 December 2024 3:52 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
20 December 2024 3:48 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment at maturity if either index performs poorly.
Worse than expected
20 December 2024 3:44 PM
Preliminary Pricing Supplement
- The securities do not guarantee a return of principal and investors could lose up to 80% of their investment if any underlying declines by more than 20%.
Worse than expected
20 December 2024 3:42 PM
Structured Product Offering
- The document clearly states that investors could lose their entire initial investment if either underlying stock falls below its downside threshold level at maturity, indicating a potential for worse than expected results.
Worse than expected
20 December 2024 3:40 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity could be less than 60% of the stated principal amount and could be zero.
- The contingent monthly coupon is only paid if all three underlying indices are at or above their respective coupon barrier levels on the observation date.
Worse than expected
20 December 2024 3:38 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The securities are subject to early redemption risk, which could limit the opportunity to earn contingent monthly coupons.
Worse than expected
20 December 2024 3:37 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments; coupons are contingent on the performance of all three underlying indices.
- The securities are subject to early redemption by Morgan Stanley, which may limit the potential for coupon payments.
Worse than expected
20 December 2024 3:30 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and may not be paid if any of the underlying stocks perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
20 December 2024 3:26 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if the underlyings perform poorly.
- The contingent coupon payments are not guaranteed and depend on the performance of both underlyings, which may result in no income for extended periods.
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
20 December 2024 3:23 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final index value of any underlying index is less than its respective downside threshold level.
- The contingent quarterly coupons are not guaranteed and will not be paid if any of the underlying indices are below their respective coupon threshold levels on the observation date.
Worse than expected
20 December 2024 3:19 PM
Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity can be less than 60% of the principal amount and could be zero.
- The contingent quarterly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
20 December 2024 3:15 PM
Preliminary Pricing Supplement
- The securities have a potential for loss of principal if any of the underlyings decline below the downside threshold, and the estimated value is less than the issue price.
Worse than expected
20 December 2024 3:12 PM
Pricing Supplement
- The securities have a potential for a significant loss of principal if the underlying stocks perform poorly, making the results potentially worse than a standard investment.
Worse than expected
20 December 2024 3:10 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The payment at maturity could be significantly less than the principal amount if any underlying performs poorly.
Worse than expected
20 December 2024 3:02 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
Worse than expected
20 December 2024 2:59 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying index declines by more than 30% from its initial value.
Worse than expected
20 December 2024 2:52 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments, and coupons are contingent on the performance of the underlying indices.
- The payment at maturity could be significantly less than the principal amount if any of the underlying indices perform poorly.
Worse than expected
20 December 2024 2:49 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below the downside threshold level.
Worse than expected
20 December 2024 2:45 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The payment at maturity is linked to the worst-performing underlying, which could result in a significant loss.
Worse than expected
20 December 2024 2:41 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either of the underlying assets declines significantly.
- The securities do not provide for regular interest payments and may pay no interest over the entire term.
- The securities are subject to early redemption risk, which may limit the opportunity to earn contingent coupons.
Worse than expected
20 December 2024 2:04 PM
Preliminary Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlyings.
- Investors do not participate in any appreciation of the underlyings.
Worse than expected
20 December 2024 1:59 PM
Pricing Supplement
- The securities are principal at risk, meaning investors could lose up to 75% of their investment.
- The estimated value of the securities is less than the face amount, indicating that investors are paying a premium for the potential upside.
- The return is dependent on the lowest performing stock, increasing the risk of loss compared to a single stock or basket of stocks.
Worse than expected
20 December 2024 1:33 PM
Pricing Supplement
- The potential for loss of principal up to 85% and the lack of regular interest payments make the results worse than traditional debt securities.
Worse than expected
20 December 2024 1:32 PM
Pricing Supplement
- The securities have a significant risk of principal loss if the final index value is below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the index closing value being at or above the coupon barrier level.
- The estimated value of the securities on the pricing date is significantly lower than the issue price due to costs.
Worse than expected
20 December 2024 1:22 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
20 December 2024 1:16 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the product.
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if any of the underlying indices perform poorly.
- The potential upside is capped, limiting potential gains compared to direct investment in the underlying indices.
Worse than expected
20 December 2024 1:14 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the potential return.
- The securities have a minimum payment at maturity of only 20% of the principal, meaning investors could lose up to 80% of their investment.
Worse than expected
20 December 2024 1:14 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a traditional debt instrument.
Worse than expected
20 December 2024 1:06 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments and investors may not receive any quarterly coupons.
- The payment at maturity could be significantly less than the principal amount, potentially zero.
Worse than expected
20 December 2024 1:04 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
- The estimated value of the securities on the pricing date is less than the issue price, indicating upfront costs.
Worse than expected
20 December 2024 12:57 PM
Pricing Supplement
- The securities do not guarantee the full repayment of principal and provide a minimum payment at maturity of only 20% of the stated principal amount.
- The securities do not provide for regular interest payments and will only pay a contingent monthly coupon if the closing level of each underlying is at or above 70% of its respective initial level.
- The securities have early redemption risk, which could limit the opportunity to earn contingent monthly coupons.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
20 December 2024 12:56 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings, meaning investors may not receive any income.
- The early redemption feature is at the discretion of Morgan Stanley, not based on the performance of the underlyings, which could limit the potential for higher returns.
Worse than expected
20 December 2024 12:55 PM
Pricing Supplement
- The notes have a significant risk of loss if either of the underlying indices falls below the trigger level, which is a worse outcome than a standard debt instrument.
Worse than expected
20 December 2024 12:55 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $890.50, which is significantly lower than the issue price of $1,000, indicating that the investor is paying a premium for the structure of the security.
- The securities have a minimum payment at maturity of only 15% of the principal, meaning that investors could lose up to 85% of their investment.
Worse than expected
20 December 2024 12:53 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the securities are not worth the initial investment at the time of issue.
- The securities carry a risk of losing the entire principal, which is a worse outcome than a standard debt instrument.
Worse than expected
20 December 2024 12:49 PM
Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity could be significantly less than the principal amount, potentially zero.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three indices.
- The estimated value of the securities on the pricing date is less than the issue price, at $930.80 per $1,000 security.
Worse than expected
20 December 2024 12:47 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is high, with a minimum payment at maturity of only 15% of the stated principal amount.
- The contingent coupon is not guaranteed and depends on the performance of the underlying index, which may not be achieved.
Worse than expected
20 December 2024 12:41 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent coupon is not guaranteed and may not be paid if the underlying stocks perform poorly.
- The payment at maturity can be significantly less than the stated principal amount if any of the underlying stocks fall below the downside threshold.
Worse than expected
20 December 2024 12:39 PM
Pricing Supplement
- The securities have an estimated value of $920.40, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the structure and the potential returns.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance and reduce the likelihood of positive returns.
- The securities do not participate in any appreciation of the underlying index above the initial index value, limiting the upside potential.
Worse than expected
20 December 2024 12:34 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $918.10, which is less than the issue price of $1,000, indicating that the securities are not worth their face value at issuance.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance and reduce potential returns.
- Investors are exposed to the full downside risk of the underlying index if it falls below the downside threshold level at maturity, potentially losing their entire investment.
Worse than expected
20 December 2024 6:24 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $889.30, which is significantly lower than the issue price of $1,000, indicating that the initial terms are unfavorable to the investor.
- The securities have a 4% per annum daily decrement applied to the underlying index, which will reduce its value over time and negatively impact returns.
- The potential for loss of principal is high, with investors risking up to 85% of their investment if the index declines significantly.
Worse than expected
20 December 2024 6:21 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor bears the costs of issuing, selling, structuring and hedging the securities.
Worse than expected
20 December 2024 6:12 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $905.60, which is significantly lower than the issue price of $1,000, indicating that the securities are not worth their face value at issuance.
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if any of the underlying indices fall below their downside threshold levels.
Worse than expected
20 December 2024 6:12 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion of their investment if the underlying index performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
- The securities do not participate in any appreciation of the underlying index, limiting potential gains.
Worse than expected
19 December 2024 2:37 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The contingent quarterly coupon is not guaranteed and depends on the performance of the underlying stock.
- The estimated value of the securities on the pricing date is less than the issue price due to issuance and hedging costs.
Worse than expected
19 December 2024 2:08 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are bearing the costs of issuance, structuring and hedging.
Worse than expected
19 December 2024 2:04 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is $955.40, which is less than the issue price of $1,000, indicating that investors are paying a premium and the economic terms of the notes are less favorable to the investor.
Worse than expected
19 December 2024 2:03 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that the economic terms are less favorable to investors.
Capital raise
19 December 2024 2:03 PM
Pricing Supplement
- Morgan Stanley Finance LLC is raising $1,093,000 through the issuance of these fixed-rate callable notes.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
19 December 2024 2:03 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are paying a premium and the economic terms are less favorable to them.
Worse than expected
19 December 2024 2:02 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is $906.10, which is significantly lower than the issue price of $1,000, indicating that investors are paying a premium and receiving less value than the purchase price.
Capital raise
19 December 2024 2:02 PM
Pricing Supplement
- Morgan Stanley Finance LLC is raising $250,000 through the issuance of these fixed-rate callable notes.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
19 December 2024 1:58 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is $920, which is significantly lower than the issue price of $1,000, indicating that investors are paying a premium for the notes.
Worse than expected
19 December 2024 1:56 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below its downside threshold level at maturity.
Worse than expected
19 December 2024 1:56 PM
Structured Product Offering
- The securities have a potential for loss of principal if any of the underlyings decline below their downside threshold, and the upside is capped at a fixed payment.
Worse than expected
19 December 2024 1:55 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent semi-annual coupons are not guaranteed and will not be paid if the index closes below the coupon threshold level on the observation date.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
19 December 2024 1:48 PM
Preliminary Pricing Supplement
- The securities do not guarantee full repayment of principal and investors could lose up to 75% of their investment, which is worse than a standard debt instrument.
Capital raise
19 December 2024 1:45 PM
Market-Linked Securities Offering
- The offering is for market-linked securities, with the proceeds going to Morgan Stanley Finance LLC.
- The total amount of the capital raise will depend on the number of securities sold.
Worse than expected
19 December 2024 1:45 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent quarterly coupon is not guaranteed and will not be paid if Tesla's stock price is below 50% of the initial price on the observation date.
Worse than expected
19 December 2024 1:44 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The payment at maturity is tied to the worst-performing underlying, increasing the risk of loss.
Capital raise
19 December 2024 1:44 PM
Market Linked Securities Offering
- The document details the offering of market-linked securities by Morgan Stanley Finance LLC.
- The offering involves the sale of securities to the public, with a price of $1,000 per security.
- The agents, including Wells Fargo Securities, LLC, will receive commissions for selling the securities.
- The proceeds from the sale of the securities will go to Morgan Stanley Finance LLC.
Worse than expected
19 December 2024 1:33 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, and coupons are contingent on the performance of the underlying indices.
- The payment at maturity is dependent on the worst-performing index, exposing investors to significant downside risk.
Worse than expected
19 December 2024 1:31 PM
Pricing Supplement
- The notes do not guarantee the return of the full principal amount at maturity, and investors could lose a significant portion or all of their investment if the worst-performing index falls below its downside threshold.
Worse than expected
19 December 2024 1:27 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments, only contingent quarterly coupons.
- The payment at maturity could be significantly less than the stated principal amount, potentially zero.
Worse than expected
19 December 2024 12:23 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $944.40, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the structure of the product.
- The investor is exposed to the risk of losing a significant portion or all of their principal if the final index value is below the downside threshold level at maturity.
Worse than expected
19 December 2024 12:22 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The securities do not guarantee the return of principal, and investors could lose their entire investment.
- The return on the securities is limited to the fixed early redemption payment or the fixed payment at maturity, and investors will not participate in any appreciation of the underlying assets.
Worse than expected
19 December 2024 12:21 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below its downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the costs of issuing, selling, structuring and hedging the securities are borne by the investor.
Worse than expected
19 December 2024 12:20 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the structure and are likely to experience a loss if they sell the securities shortly after issuance.
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying index performs poorly.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
19 December 2024 12:18 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The payment at maturity is dependent on the worst-performing underlying, exposing investors to significant downside risk.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with issuing, selling, structuring, and hedging the securities.
Worse than expected
19 December 2024 11:42 AM
Preliminary Pricing Supplement
- The securities do not guarantee the full repayment of principal and have a minimum payment at maturity of only 20% of the stated principal amount.
- The securities do not provide for regular interest payments, and contingent monthly coupons are only paid if all underlyings are at or above their respective coupon barrier levels.
- Investors are exposed to the risk of losing up to 80% of their principal if any underlying declines by more than 20% from its initial level.
Worse than expected
19 December 2024 11:04 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly.
Worse than expected
19 December 2024 10:59 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the underlyings perform poorly.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlyings fall below their respective coupon threshold levels.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Worse than expected
19 December 2024 10:40 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying indices perform poorly.
Worse than expected
19 December 2024 10:31 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices are below their respective coupon barrier levels on the observation date.
- The payment at maturity can be significantly less than the principal amount if any of the underlying indices are below their respective downside threshold levels.
Worse than expected
19 December 2024 10:30 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The potential return is capped, and investors do not participate in the appreciation of the underlying assets, which is worse than direct investment in the underlying assets.
Worse than expected
19 December 2024 10:22 AM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their investment if either underlying index declines by more than 15%.
Worse than expected
19 December 2024 10:20 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
19 December 2024 10:14 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any underlying is below its coupon barrier level on the observation date.
- The payment at maturity is dependent on the worst-performing underlying, exposing investors to significant downside risk.
Worse than expected
19 December 2024 10:13 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The contingent monthly coupon is not guaranteed and will only be paid if the underlying stock price is at or above the downside threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting issuance costs and internal funding rates.
Worse than expected
19 December 2024 6:30 AM
Debt Offering
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors will pay more than the notes are initially worth.
- The economic terms of the notes are less favorable to investors due to the inclusion of issuing, selling, structuring, and hedging costs in the original issue price.
Capital raise
19 December 2024 6:30 AM
Debt Offering
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
19 December 2024 6:27 AM
Preliminary Pricing Supplement
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are bearing the costs of issuing, selling, structuring, and hedging the notes.
- The notes are subject to Morgan Stanley's credit risk, meaning investors could lose some or all of their investment if Morgan Stanley defaults.
Worse than expected
19 December 2024 6:27 AM
Debt Issuance
- The estimated value of the notes on the pricing date is less than the issue price, indicating that investors are bearing the costs of issuance, structuring, and hedging.
- The secondary market price of the notes may be lower than the estimated value on the pricing date due to various factors, including Morgan Stanley's credit spread and bid-offer spreads.
Capital raise
19 December 2024 6:27 AM
Debt Issuance
- Morgan Stanley is issuing fixed-rate notes to raise capital.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
19 December 2024 6:24 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors will immediately be at a loss if they were to sell the notes.
Capital raise
19 December 2024 6:24 AM
Debt Issuance
- Morgan Stanley is raising capital through the issuance of these fixed-rate notes.
- The aggregate principal amount of the notes is not specified but may be increased prior to the original issue date.
- The proceeds from the sale of the notes will be used for general corporate purposes.
Worse than expected
19 December 2024 6:18 AM
Debt Issuance
- The estimated value of the notes on the pricing date is approximately $957.20, which is less than the issue price of $1,000, indicating that investors are paying a premium for the notes.
- The document explicitly states that the economic terms of the notes are less favorable to investors due to the inclusion of costs and a lower internal funding rate.
Capital raise
19 December 2024 6:18 AM
Debt Issuance
- Morgan Stanley is issuing fixed-rate notes to raise capital for general corporate purposes.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
19 December 2024 6:12 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will only be paid if the underlying stock price is at or above the downside threshold level on the observation date.
Capital raise
19 December 2024 6:09 AM
Debt Issuance
- Morgan Stanley is issuing fixed-rate notes to raise capital.
- The aggregate principal amount of the notes may be increased prior to the original issue date.
Worse than expected
19 December 2024 6:09 AM
Debt Issuance
- The estimated value of the notes on the pricing date is significantly lower than the issue price, indicating that investors are paying a premium for the notes due to costs and internal funding rates.
Capital raise
18 December 2024 4:06 PM
Pricing Supplement
- The document details the issuance of fixed-rate callable notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes may be increased prior to the original issue date, indicating a potential for further capital raising through this instrument.
Worse than expected
18 December 2024 4:06 PM
Pricing Supplement
- The estimated value of the notes on the pricing date is approximately $977.40 per note, which is less than the issue price of $1,000, indicating that investors are paying a premium and receiving less value than the purchase price.
Worse than expected
18 December 2024 3:00 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 80% of their investment if the underlyings perform poorly.
- The contingent coupon is not guaranteed and depends on the performance of all three underlyings, making it less reliable than a fixed-income investment.
- The early redemption feature is at the discretion of the issuer and may occur when it is advantageous for them, potentially limiting the investor's opportunity to earn coupons.
Worse than expected
18 December 2024 3:00 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying stocks fall below 60% of their initial price on the observation date.
- The payment at maturity could be significantly less than the stated principal amount if any of the underlying stocks fall below 60% of their initial price.
Worse than expected
18 December 2024 2:57 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying index performs poorly.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the potential returns.
- The underlying index is subject to a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
18 December 2024 2:28 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices fall below 70% of their initial value on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
18 December 2024 2:17 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlyings.
- The early redemption feature is at the issuer's discretion and may occur when it is advantageous for the investor to continue holding the securities.
Worse than expected
18 December 2024 1:46 PM
Preliminary Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying indices fall below their downside threshold, making the potential outcome worse than a simple investment in the underlying indices.
Worse than expected
18 December 2024 1:30 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either index falls below its downside threshold level.
Worse than expected
18 December 2024 1:10 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if either of the underlying ETFs is below its coupon barrier level on the observation date.
- The payment at maturity can be significantly reduced if either of the underlying ETFs falls below its downside threshold level.
Worse than expected
18 December 2024 12:57 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent nature of the coupon payments means that investors may not receive any income, which is worse than a standard fixed income instrument.
- The potential for early redemption means that investors may not receive the full benefit of the potential coupon payments, which is worse than a standard fixed income instrument.
Worse than expected
18 December 2024 12:45 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal, up to 80%, if the underlying index declines substantially.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
18 December 2024 12:31 PM
Pricing Supplement
- The notes have a potential for loss of principal if the EURO STOXX 50 Index declines by more than 17.50% from its initial level, making the results worse than a guaranteed return investment.
Worse than expected
18 December 2024 12:30 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation date.
- The payment at maturity is dependent on the worst-performing index, which could result in a significant loss even if the other indices perform well.
Worse than expected
18 December 2024 12:26 PM
Preliminary Pricing Supplement
- The securities have a principal at risk feature, meaning investors could lose up to 85% of their initial investment.
- The securities do not provide regular interest payments, and contingent coupons are not guaranteed.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
18 December 2024 12:24 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments and contingent coupons are not guaranteed.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
18 December 2024 12:24 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
Worse than expected
18 December 2024 12:23 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent quarterly coupons are not guaranteed and will not be paid if either of the underlying ETFs closes below the coupon barrier level on the observation date, which is worse than a standard fixed income investment.
Worse than expected
18 December 2024 12:18 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the three indices fall below 70% of their initial value on the observation date.
- The payment at maturity is dependent on the worst-performing index, exposing investors to the risk of significant losses.
Worse than expected
18 December 2024 12:04 PM
Preliminary Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the indices perform poorly.
- The estimated value of the securities on the trade date is less than the issue price, indicating an immediate loss for investors.
Worse than expected
18 December 2024 11:38 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value at maturity.
Worse than expected
18 December 2024 11:18 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of up to 85% of the principal is a significant downside risk.
Worse than expected
18 December 2024 10:58 AM
Preliminary Pricing Supplement
- The securities have a minimum payment at maturity of only 15% of the principal, meaning investors could lose up to 85% of their investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The securities do not participate in any appreciation of the underlying index, limiting potential gains.
Capital raise
18 December 2024 10:46 AM
Debt Issuance Pricing Supplement
- The document details the issuance of $10 million in fixed-rate callable notes, which represents a capital raise for Morgan Stanley Finance LLC.
Worse than expected
18 December 2024 10:43 AM
Pricing Supplement
- The securities do not guarantee a return of principal and investors could lose up to 80% of their investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring, and hedging the securities.
Worse than expected
18 December 2024 10:37 AM
Structured Product Offering
- The document states that investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly, indicating a potential for worse than expected results.
Worse than expected
18 December 2024 10:36 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, and coupons are contingent on the performance of the underlying indices.
- The payment at maturity could be significantly less than the principal amount if any of the underlying indices perform poorly.
Worse than expected
18 December 2024 10:29 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $900.10 per security, while the issue price is $1,000 per security, indicating that the securities are not worth the full purchase price at issuance.
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their initial investment.
Worse than expected
18 December 2024 10:27 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any underlying performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside.
Capital raise
18 December 2024 10:27 AM
Pricing Supplement
- The aggregate principal amount of the offering is $5,009,000.
- The proceeds from the sale of the securities will be used by Morgan Stanley for general corporate purposes.
Worse than expected
18 December 2024 10:16 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs borne by the investor.
Worse than expected
18 December 2024 10:15 AM
Pricing Supplement
- The document highlights that investors may lose their entire initial investment if either underlying stock falls below its trigger level, indicating a potential for worse than expected results.
Worse than expected
18 December 2024 9:42 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying funds decline by more than 20%.
Worse than expected
17 December 2024 2:16 PM
Preliminary Pricing Supplement
- The potential for loss of principal is significant, with investors at risk of losing up to 80% of their investment if the worst-performing underlying declines significantly.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the structure of the product.
- The upside is capped, limiting potential gains even if the underlyings perform exceptionally well.
Worse than expected
17 December 2024 2:03 PM
Pricing Supplement
- The document highlights that investors could lose their entire principal investment if the underlyings perform poorly, and the estimated value of the securities is less than the issue price, indicating upfront costs and potential for loss.
Worse than expected
17 December 2024 2:02 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the indices are below their respective coupon barrier levels.
- The potential upside is capped at $1,155 per security, limiting potential gains.
Worse than expected
17 December 2024 2:01 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is significantly lower than the issue price, indicating that the investor is paying a premium for the product.
- The 4% per annum decrement on the underlying index will negatively impact its performance, making it harder to achieve the required index levels for early redemption or positive return at maturity.
Worse than expected
17 December 2024 2:01 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
Worse than expected
17 December 2024 1:56 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is $921.60, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the structure of the security.
- The securities have a principal at risk structure, meaning that investors could lose up to 80% of their investment if the underlying index performs poorly.
Worse than expected
17 December 2024 1:35 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the stock price declines by more than 35%.
Worse than expected
17 December 2024 1:34 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either index performs poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of both underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
Worse than expected
17 December 2024 1:28 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments and contingent coupons are only paid if all indices are above their respective coupon barrier levels.
- The payment at maturity could be significantly less than the principal amount, potentially zero, if any of the underlying indices close below the downside threshold level.
Worse than expected
17 December 2024 1:28 PM
Structured Product Offering
- The document clearly states that investors could lose their entire investment, indicating a potential for worse than expected results.
- The estimated value of the Trigger PLUS is less than the issue price, which is a negative for investors.
Worse than expected
17 December 2024 1:27 PM
Structured Product Offering
- The estimated value of the Trigger PLUS is significantly lower than the issue price, indicating that investors are paying a premium for the potential upside, and the risk of losing a significant portion or all of their investment is high if the basket performs poorly.
Worse than expected
17 December 2024 1:27 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final index value of any underlying index is less than its respective downside threshold level.
Worse than expected
17 December 2024 1:26 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value.
Worse than expected
17 December 2024 1:25 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying stocks.
- If any of the underlying stocks perform poorly, investors may receive no coupon payments and could suffer a significant loss at maturity.
Worse than expected
17 December 2024 1:24 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices closes below 70% of its initial value at maturity.
Worse than expected
17 December 2024 1:23 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlyings.
- The payment at maturity could be significantly less than the principal amount if any underlying performs poorly.
Worse than expected
17 December 2024 1:21 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices close below 70% of their initial value at maturity.
Worse than expected
17 December 2024 1:20 PM
Preliminary Pricing Supplement
- The securities have a minimum payment at maturity of only 15% of the principal, meaning investors could lose up to 85% of their investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the economic terms are less favorable to investors.
- The securities do not participate in any appreciation of the underlying index beyond the fixed early redemption or maturity payments, limiting the upside potential.
Worse than expected
17 December 2024 1:16 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if the final share price is below the downside threshold level.
- The contingent quarterly coupon is not guaranteed and depends on the performance of PayPal stock, meaning investors may not receive any coupon payments.
- The estimated value of the securities on the pricing date is less than the issue price, indicating an immediate loss of value.
Worse than expected
17 December 2024 1:13 PM
Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and will not be paid if any of the underlying assets fall below 75% of their initial price on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the purchase price on day one.
Worse than expected
17 December 2024 1:13 PM
Pricing Supplement
- The estimated value of the securities is significantly lower than the issue price, indicating that the investor is paying a premium for the structure and risks involved.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance compared to a standard index.
- The securities do not guarantee the return of principal, and investors could lose their entire investment.
Worse than expected
17 December 2024 1:11 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs borne by the investor.
Worse than expected
17 December 2024 1:10 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will not be paid if Tesla's stock price is below the downside threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring, and hedging the securities.
Worse than expected
17 December 2024 1:09 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
Worse than expected
17 December 2024 1:08 PM
Pricing Supplement
- The document clearly states that investors could lose their entire investment, which is worse than a standard debt security.
Worse than expected
17 December 2024 1:07 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying stocks.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
17 December 2024 1:05 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying falls below its downside threshold level.
- The contingent quarterly coupon is not guaranteed and will not be paid if any of the underlyings are below their respective coupon barrier levels on the observation dates.
Worse than expected
17 December 2024 12:50 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Worse than expected
17 December 2024 12:50 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any of the underlying indices fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices, meaning investors may not receive any income.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs are borne by the investor.
Worse than expected
17 December 2024 12:49 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The securities do not provide for the regular payment of interest and investors may not receive any contingent quarterly coupons if the underlying stock price falls below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
17 December 2024 12:46 PM
Pricing Supplement
- The document clearly states that investors are at risk of losing their entire principal, and the contingent coupon is not guaranteed, indicating a potential for worse than expected outcomes.
Worse than expected
17 December 2024 12:45 PM
Pricing Supplement
- The securities do not guarantee the return of principal, and investors could lose their entire investment if any underlying falls below its downside threshold level.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs borne by the investor.
Worse than expected
17 December 2024 12:41 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full purchase price at issuance.
Worse than expected
17 December 2024 12:40 PM
Pricing Supplement
- The document states that investors could lose their entire investment if the final share price is below the downside threshold level, indicating a potential for worse than expected results.
Worse than expected
17 December 2024 12:39 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, and contingent monthly coupons are not guaranteed.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
17 December 2024 12:38 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
Worse than expected
17 December 2024 12:37 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlyings perform poorly.
Worse than expected
17 December 2024 12:36 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices close below 70% of their initial value at maturity.
Worse than expected
17 December 2024 12:35 PM
Pricing Supplement
- The estimated value of the Trigger PLUS is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for significant loss of principal if the index falls below the trigger level makes this a riskier investment than a direct investment in the index.
Worse than expected
17 December 2024 12:33 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 75% of their initial investment, which is worse than a standard debt instrument.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
17 December 2024 12:14 PM
Market Linked Securities Offering
- The securities have a downside risk where investors can lose a significant portion or all of their principal if any of the underlyings close below 65% of their starting price on the final calculation day.
Worse than expected
17 December 2024 10:15 AM
Pricing Supplement
- The securities have a potential for significant loss of principal if the S&P 500 Index falls below the downside threshold, making the results potentially worse than a standard debt instrument.
Worse than expected
17 December 2024 10:14 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices fall below their respective coupon barrier levels.
- The payment at maturity is linked to the worst-performing index, exposing investors to the risk of significant losses.
Capital raise
16 December 2024 5:18 PM
Debt Issuance
- The document details the issuance of fixed-rate callable notes, which is a form of capital raising for Morgan Stanley Finance LLC.
- The aggregate principal amount of the notes is not specified but may be increased prior to the original issue date.
Worse than expected
16 December 2024 2:18 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and will not be paid if any of the underlying indices are below their respective coupon threshold levels on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
16 December 2024 1:01 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
16 December 2024 12:53 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and no coupons will be paid if any of the indices fall below their respective coupon threshold levels on the observation dates.
- The securities are linked to the worst-performing index, meaning that a decline in any one index can negatively impact returns, even if the other indices perform well.
Worse than expected
16 December 2024 12:47 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly.
Worse than expected
16 December 2024 12:36 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below 70% of their initial value at maturity.
Worse than expected
16 December 2024 12:17 PM
Pricing Supplement
- The estimated value of the securities on the pricing date is approximately $920.50 per $1,000 security, which is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
- Investors may lose up to 80% of their principal if the underlying index declines significantly.
Worse than expected
16 December 2024 12:13 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings fall below the downside threshold level.
- The securities do not provide regular interest payments and the contingent coupons are only paid if all three underlyings are at or above 70% of their initial levels on the observation date.
Worse than expected
16 December 2024 12:00 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The securities are subject to early redemption risk, which could limit the potential for coupon payments.
Worse than expected
16 December 2024 11:53 AM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal if the lowest performing underlying ETF falls below its threshold price.
- The return is capped at the contingent fixed return, limiting potential gains.
Worse than expected
16 December 2024 11:48 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying ETFs perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
Worse than expected
16 December 2024 11:13 AM
Pricing Supplement
- The securities do not guarantee regular interest payments and investors could lose up to 75% of their principal if any underlying declines by more than 25% from its initial level.
Worse than expected
16 December 2024 11:10 AM
Pricing Supplement
- The securities have a potential for significant loss of principal if the underlying stocks perform poorly, making them a worse investment than traditional debt securities.
Worse than expected
16 December 2024 10:55 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments, only contingent quarterly coupons.
- The securities are linked to the worst-performing of three underlying ETFs, increasing the risk of no coupons and significant loss.
Worse than expected
16 December 2024 10:49 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is approximately $933.20, which is less than the issue price of $1,000, indicating that the investor is paying a premium for the potential upside.
- The securities do not guarantee the return of principal and expose investors to a potential loss of their entire investment if either underlying falls below its downside threshold level.
Worse than expected
16 December 2024 10:31 AM
Structured Product Offering
- The securities do not guarantee the return of principal and expose investors to the risk of losing a significant portion or all of their investment if any of the underlying indices fall below their downside threshold levels.
Worse than expected
16 December 2024 10:19 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $893.80, which is significantly lower than the issue price of $1,000, indicating that the investor is paying a premium for the structure of the security.
- The securities have a principal at risk structure, meaning that investors could lose up to 85% of their initial investment if the underlying index performs poorly.
- The underlying index includes a 4% per annum daily decrement, which will reduce its level regardless of market conditions.
Worse than expected
16 December 2024 10:13 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments; coupons are contingent on the performance of the underlyings.
- The securities are subject to early redemption risk, which could limit the opportunity to earn contingent monthly coupons.
Worse than expected
16 December 2024 10:09 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices perform poorly.
- The payment at maturity is linked to the worst-performing index, increasing the risk of loss.
Worse than expected
16 December 2024 10:05 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide regular interest payments; coupons are contingent on index performance.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs are borne by the investor.
Worse than expected
16 December 2024 9:21 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices are below their respective coupon barrier levels on the observation date.
- The payment at maturity is linked to the worst-performing index, which could result in a significant loss even if other indices perform well.
Worse than expected
12 December 2024 3:56 PM
Preliminary Pricing Supplement
- The securities have a high risk of principal loss if the underlying index performs poorly, and the estimated value is significantly lower than the issue price, indicating upfront costs.
Worse than expected
12 December 2024 3:34 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Worse than expected
12 December 2024 3:18 PM
Preliminary Pricing Supplement
- The document indicates that investors may lose a significant portion or all of their principal if the final underlying price of any of the stocks is below its downside threshold, which is worse than a guaranteed return of principal.
Worse than expected
12 December 2024 12:57 PM
Structured Product Offering
- The securities do not guarantee full repayment of principal and have a minimum payment at maturity of only 20% of the stated principal amount, which is worse than a standard debt instrument.
Worse than expected
12 December 2024 12:54 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will only be paid if the underlying stock price is at or above the coupon threshold level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring and hedging the securities.
Worse than expected
12 December 2024 12:53 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting issuance and hedging costs.
Worse than expected
12 December 2024 12:22 PM
Pricing Supplement
- The estimated value of the notes on the trade date is less than the face value, indicating that the investor is paying a premium for the structure of the notes.
- The notes have a risk of loss of principal if the basket declines by more than 10%.
Worse than expected
12 December 2024 12:19 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and the payment at maturity could be significantly less than the principal amount, potentially down to zero.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
12 December 2024 11:49 AM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if the underlying indices perform poorly.
- The initial estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the potential upside.
Worse than expected
12 December 2024 11:23 AM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is less than the downside threshold level.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
12 December 2024 11:08 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
Worse than expected
12 December 2024 11:02 AM
Pricing Supplement
- The securities have a potential for significant loss of principal if any of the underlyings fall below their downside threshold, making the results potentially worse than a direct investment in the underlyings.
Worse than expected
12 December 2024 11:01 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities do not guarantee the return of principal, and investors could lose their entire investment if either underlying falls below its downside threshold level at maturity.
Worse than expected
12 December 2024 11:01 AM
Pricing Supplement
- The securities do not guarantee principal repayment and investors could lose their entire investment if any of the underlying assets fall below 60% of their initial price at maturity.
- The contingent monthly coupon is not guaranteed and is only paid if all three underlying assets are at or above their respective coupon barrier levels on the observation date.
Worse than expected
12 December 2024 11:00 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either index falls below the downside threshold level.
- The contingent monthly coupons are not guaranteed and will not be paid if either index falls below its coupon barrier level on the observation date.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring, and hedging the securities.
Worse than expected
12 December 2024 10:33 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlyings perform poorly.
- The contingent quarterly coupon is not guaranteed and depends on the performance of all three underlyings.
- The early redemption feature is at Morgan Stanley's discretion and may occur when it is advantageous for them, potentially limiting the investor's opportunity to earn coupons.
Worse than expected
12 December 2024 9:42 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs borne by the investor.
Worse than expected
12 December 2024 9:41 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying ETFs.
- The estimated value of the securities on the pricing date is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
12 December 2024 9:39 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential return.
Worse than expected
11 December 2024 4:28 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices fall below their respective coupon barrier levels.
- The potential upside is capped at $1,155 per security, limiting the potential return.
Worse than expected
11 December 2024 3:24 PM
Structured Product Offering
- The document clearly states that investors could lose their entire investment if the final share price is below the downside threshold level, indicating a potential for worse than expected results.
Worse than expected
11 December 2024 2:17 PM
Preliminary Pricing Supplement
- The potential for loss of up to 85% of the principal if either underlying index declines significantly makes the results worse than a standard fixed income investment.
Worse than expected
11 December 2024 1:18 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price falls below the downside threshold level.
Worse than expected
11 December 2024 1:09 PM
Structured Product Offering
- The potential for loss of up to 80% of the principal and the risk of not receiving any coupons make the results potentially worse than a traditional investment.
Worse than expected
11 December 2024 1:04 PM
Structured Product Offering
- The PLUS have a potential for loss of principal, and the estimated value is less than the issue price, indicating worse than expected results for investors who do not understand the risks.
Worse than expected
11 December 2024 12:59 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final commodity price is less than the downside threshold value.
Worse than expected
11 December 2024 12:35 PM
Pricing Supplement
- The securities have a potential for significant loss of principal if the lowest performing stock falls below its threshold price, making them worse than a principal protected investment.
Worse than expected
11 December 2024 12:34 PM
Preliminary Pricing Supplement
- The securities have a potential for significant loss of principal, up to 85%, if the underlying assets perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The contingent coupon is not guaranteed and depends on the performance of the underlying assets.
Worse than expected
11 December 2024 12:21 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, instead offering contingent monthly coupons that may not be paid if the underlying indices perform poorly.
- The payment at maturity can be significantly less than the principal amount, potentially zero, if any index falls below its downside threshold.
Worse than expected
11 December 2024 12:13 PM
Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose their entire investment if the S&P 500 Index falls below the downside threshold at maturity.
Worse than expected
11 December 2024 12:09 PM
Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying indices fall below 70% of their initial value, making the potential outcome worse than a simple investment in the underlying indices.
Worse than expected
11 December 2024 12:08 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the worst-performing index declines significantly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three indices.
- The early redemption feature is at the discretion of Morgan Stanley and may occur when it is advantageous for them, not necessarily for the investor.
Worse than expected
11 December 2024 12:08 PM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for loss of principal is significant, as the investor is exposed to the downside performance of the worst-performing index if either index falls below its downside threshold level.
- The securities do not pay regular interest, which is a negative compared to traditional debt securities.
Worse than expected
11 December 2024 12:07 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either underlying falls below its downside threshold level at maturity.
- The contingent monthly coupons are not guaranteed and depend on the performance of both underlyings.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the offering.
Worse than expected
11 December 2024 11:47 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is $936.00, which is less than the issue price of $1,000, indicating that the securities are not worth the full purchase price at issuance.
- The securities expose investors to the risk of losing a significant portion or all of their principal if the final index value is below the downside threshold level.
- The securities have a 4% per annum daily decrement which will reduce the index level regardless of market conditions.
Worse than expected
11 December 2024 11:44 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment.
Worse than expected
11 December 2024 11:38 AM
Preliminary Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the potential upside, and the investor is exposed to the risk of losing a significant portion or all of their investment if the underlyings perform poorly.
Worse than expected
11 December 2024 11:32 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if either of the underlying ETFs performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price.
Worse than expected
11 December 2024 11:32 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
- The contingent quarterly coupon is not guaranteed and will only be paid if the underlying stock price is at or above the coupon threshold level on the observation date.
Worse than expected
11 December 2024 11:31 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs associated with the issuance.
- The underlying index includes a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
11 December 2024 11:29 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any underlying index falls below 70% of its initial level at maturity.
- The contingent monthly coupon is not guaranteed and is only paid if all three underlying indices are at or above their respective coupon barrier levels on the observation date.
Worse than expected
11 December 2024 11:29 AM
Pricing Supplement
- The securities have a significant risk of loss of principal if any of the underlying indices fall below their downside threshold, making the potential outcome worse than a simple investment in the underlying indices.
Worse than expected
11 December 2024 11:27 AM
Pricing Supplement
- The Trigger PLUS do not guarantee return of principal and investors could lose their entire investment if the index falls below the trigger level, making the results potentially worse than a standard debt security.
Worse than expected
11 December 2024 11:22 AM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below the downside threshold level at maturity.
Worse than expected
11 December 2024 11:20 AM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their investment if the underlying index performs poorly.
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
10 December 2024 3:35 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying indices perform poorly.
- The estimated value of the securities is less than the issue price, indicating that investors are paying a premium for the structure of the product.
- The securities do not pay regular interest, limiting the potential for income generation.
Worse than expected
10 December 2024 2:09 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying stocks fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying stocks fall below their respective coupon threshold levels.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring, and hedging the securities.
Worse than expected
10 December 2024 1:54 PM
Structured Product Offering
- The securities have a potential for loss of principal, and the estimated value is less than the issue price, indicating that the expected return is worse than a simple debt instrument.
Worse than expected
10 December 2024 1:54 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent quarterly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price due to costs associated with issuing, selling, structuring and hedging the securities.
Worse than expected
10 December 2024 1:53 PM
Structured Product Offering
- The potential for a loss of up to 85% of the principal is a significant downside risk, making the results potentially worse than a standard investment.
Worse than expected
10 December 2024 1:52 PM
Structured Product Offering
- The securities expose investors to a significant risk of loss if either of the underlying indices falls below 70% of its initial value, potentially resulting in a loss of the entire investment.
Worse than expected
10 December 2024 1:49 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying indices perform poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential upside.
Worse than expected
10 December 2024 1:45 PM
Preliminary Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment at maturity if any index closes below its downside threshold level.
Worse than expected
10 December 2024 1:30 PM
Preliminary Pricing Supplement
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The potential for a complete loss of principal if any of the underlying assets fall below their downside threshold level at maturity is a significant risk.
Worse than expected
10 December 2024 1:16 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose up to 85% of their initial investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure.
- The securities do not provide for regular interest payments, only contingent monthly coupons, which may not be paid if the index performs poorly.
Worse than expected
10 December 2024 1:08 PM
Preliminary Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose their entire investment if the underlying index performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
- The underlying index has a 4% per annum daily decrement, which will negatively impact its performance.
Worse than expected
10 December 2024 12:47 PM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any underlying falls below its downside threshold level.
Worse than expected
10 December 2024 12:42 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices, which is worse than a standard fixed income payment.
- The securities are subject to early redemption risk, which could limit the potential for earning contingent monthly coupons, which is worse than a standard fixed income instrument.
Worse than expected
10 December 2024 12:39 PM
Structured Product Offering
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold level.
Worse than expected
10 December 2024 12:36 PM
Pricing Supplement
- The securities have a principal at risk structure, meaning investors could lose a significant portion or all of their initial investment if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns, which may not be realized.
Worse than expected
10 December 2024 12:33 PM
Pricing Supplement
- The potential for loss of up to 90% of the principal and the capped upside make the results worse than a direct investment in the underlying asset.
Worse than expected
10 December 2024 11:26 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price of Tesla is below the downside threshold level at maturity.
- The estimated value of the securities on the pricing date is less than the issue price, indicating upfront costs and a potential loss if sold immediately.
Worse than expected
10 December 2024 11:24 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth their face value at issuance.
- The securities have a risk of losing up to 85% of the initial investment.
Worse than expected
10 December 2024 11:22 AM
Pricing Supplement
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the investor is paying a premium for the structure of the product.
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if either index falls below its downside threshold level at maturity.
Worse than expected
10 December 2024 11:19 AM
Pricing Supplement
- The estimated value of the securities is less than the issue price, indicating that the investor is paying a premium for the potential return.
- The securities do not guarantee the return of principal and have a high risk of loss if any of the underlyings perform poorly.
- The contingent coupon is not guaranteed and depends on the performance of all three underlyings.
Worse than expected
10 December 2024 11:18 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupon is not guaranteed and will not be paid if any of the underlying indices close below their respective coupon barrier levels on the observation dates.
- The payment at maturity can be less than 70% of the stated principal amount and could be zero if any of the underlying indices close below their downside threshold level.
Worse than expected
10 December 2024 11:17 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is less than the downside threshold level.
- The contingent coupons are not guaranteed and will not be paid if the share price is below the downside threshold level on the determination dates.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting costs associated with the offering.
Worse than expected
10 December 2024 11:15 AM
Pricing Supplement
- The securities do not guarantee full repayment of principal and investors could lose up to 80% of their investment, indicating worse than expected results for investors who experience a significant decline in the underlying stocks.
Worse than expected
10 December 2024 11:13 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and depend on the performance of all three underlyings.
- The estimated value of the securities is less than the issue price, reflecting costs and fees.
Worse than expected
10 December 2024 11:11 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the final share price is below the downside threshold price.
Worse than expected
10 December 2024 11:10 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any index falls below its downside threshold level at maturity.
Worse than expected
10 December 2024 11:09 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment, which is worse than a standard debt instrument.
- The contingent coupon is not guaranteed and depends on the performance of the underlying ETFs, which is worse than a fixed interest payment.
Worse than expected
10 December 2024 11:08 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if any of the underlying indices fall below the downside threshold level.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating costs are borne by the investor.
Worse than expected
10 December 2024 11:08 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The securities do not provide for regular interest payments, and investors may receive no coupons over the entire term.
- The estimated value of the securities on the pricing date is less than the issue price, reflecting the costs of issuing, selling, structuring, and hedging the securities.
Worse than expected
10 December 2024 11:05 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The contingent monthly coupons are not guaranteed and will not be paid if any of the underlying stocks close below their respective coupon threshold levels on the observation date.
- The payment at maturity is dependent on the worst-performing stock, and a decline in any stock below the downside threshold level will result in a significant loss.
Worse than expected
10 December 2024 10:20 AM
Preliminary Pricing Supplement
- The notes do not guarantee the return of principal and investors could lose their entire investment if the S&P 500 Index declines below the downside threshold, making the results potentially worse than a standard debt instrument.
Worse than expected
10 December 2024 9:39 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment if the underlying stock performs poorly.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full issue price at the time of issue.
Worse than expected
10 December 2024 9:37 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose their entire investment.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that the securities are not worth the full purchase price at issuance.
Worse than expected
10 December 2024 9:36 AM
Pricing Supplement
- The securities do not guarantee the return of principal and investors could lose a significant portion or all of their investment if any of the underlying indices perform poorly.
- The contingent monthly coupon is not guaranteed and depends on the performance of all three underlying indices.
- The estimated value of the securities on the pricing date is less than the issue price, indicating that investors are paying a premium for the potential returns.
Better than expected
4 November 2024 4:10 PM
Quarterly Report
- The firm's net revenues increased by 16% year-over-year, indicating better than expected performance.
- Net income applicable to Morgan Stanley increased by 32% year-over-year, indicating better than expected profitability.
- Diluted earnings per common share rose by 36% year-over-year, indicating better than expected earnings per share.
Better than expected
16 October 2024 7:28 AM
Quarterly Report
- The company's net revenues, earnings per share, and ROTCE all exceeded the previous year's results, indicating better than expected performance.
- The significant growth in Investment Banking revenues and Wealth Management net new assets also contributed to the better than expected results.
Better than expected
5 August 2024 4:05 PM
Quarterly Report
- The firm's net revenues increased by 12% and net income increased by 41% compared to the same quarter last year, indicating better than expected results.
- The firm's diluted earnings per share increased by 47% compared to the same quarter last year, indicating better than expected results.
Capital raise
30 July 2024 4:50 PM
Capital Raise Announcement
- The company is issuing 40,000,000 depositary shares, each representing 1/1,000th of a share of the Series Q Preferred Stock.
- The capital raise is being conducted under the company's existing Registration Statement on Form S-3 (File No. 333-275587).
Better than expected
16 July 2024 7:36 AM
Quarterly Report
- The company's net revenue, EPS, and ROTCE all significantly exceeded the prior year's results, indicating better than expected performance.
- The strong performance in both Institutional Securities and Wealth Management segments contributed to the better than expected results.
Better than expected
3 May 2024 4:04 PM
Quarterly Report
- The firm's net income increased by 14% year-over-year, exceeding expectations.
- The firm's ROTCE of 19.7% is approaching its stated goal of 20%, indicating better than expected profitability.
- Wealth Management's net new assets of $95 billion exceeded expectations.
Better than expected
16 April 2024 7:35 AM
Quarterly Report
- The company's net revenues of $15.1 billion exceeded the previous year's results of $14.5 billion.
- Earnings per diluted share of $2.02 were higher than the $1.70 reported in the same quarter last year.
- The return on tangible common equity (ROTCE) of 19.7% was significantly better than the 16.9% reported in the first quarter of 2023.
Better than expected
19 January 2024 4:04 PM
Executive Compensation and Leadership Transition Announcement
- The firm's total shareholder return of 14% exceeded expectations.
- The firm's net income of $9.1 billion and ROTCE of 12.8% were strong results.
- The growth in Wealth and Investment Management exceeded previous performance.
Worse than expected
16 January 2024 8:15 AM
Quarterly Report
- The firm's net income and earnings per share were significantly lower than the previous year due to substantial legal and FDIC charges.
- The expense efficiency ratio increased in the fourth quarter, indicating higher expenses relative to revenue.
- Institutional Securities and Investment Management both experienced declines in revenue and profitability.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.