[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance LLC announces Dual Directional Trigger PLUS securities linked to the S&P 500庐 Futures Excess Return Index (SPXFP), due August 1, 2030. Key features include:
- Leverage factor of 152% to 157% on positive index performance
- 50% participation rate on absolute negative returns above downside threshold
- Downside threshold level at 60% of initial level
- Estimated value of $925.10 per security
The securities offer potential returns in both up and down markets, with leveraged upside potential and partial downside protection. However, investors face significant risks including no principal guarantee, credit risk of Morgan Stanley, and limited secondary market trading. The payment at maturity varies based on the underlier's performance, with maximum loss of entire investment possible if index falls 100%. The offering is registered under #333-275587 and 333-275587-01.
Morgan Stanley Finance LLC annuncia i titoli Dual Directional Trigger PLUS collegati all'indice S&P 500庐 Futures Excess Return (SPXFP), con scadenza il 1掳 agosto 2030. Le caratteristiche principali includono:
- Fattore di leva dal 152% al 157% sulla performance positiva dell'indice
- Tasso di partecipazione del 50% sui rendimenti negativi assoluti oltre la soglia di ribasso
- Soglia di ribasso fissata al 60% del livello iniziale
- Valore stimato di $925,10 per titolo
I titoli offrono potenziali ritorni sia in mercati in crescita che in calo, con un potenziale rialzo con leva e una protezione parziale dal ribasso. Tuttavia, gli investitori affrontano rischi significativi, tra cui assenza di garanzia sul capitale, rischio di credito di Morgan Stanley e limitata negoziabilit脿 sul mercato secondario. Il pagamento a scadenza varia in base alla performance del sottostante, con la possibilit脿 di perdere l'intero investimento se l'indice scende del 100%. L'offerta 猫 registrata sotto i numeri #333-275587 e 333-275587-01.
Morgan Stanley Finance LLC anuncia valores Dual Directional Trigger PLUS vinculados al 铆ndice S&P 500庐 Futures Excess Return (SPXFP), con vencimiento el 1 de agosto de 2030. Las caracter铆sticas clave incluyen:
- Factor de apalancamiento del 152% al 157% sobre el rendimiento positivo del 铆ndice
- Tasa de participaci贸n del 50% en retornos negativos absolutos que superen el umbral a la baja
- Nivel del umbral a la baja en el 60% del nivel inicial
- Valor estimado de $925.10 por valor
Los valores ofrecen potenciales rendimientos tanto en mercados alcistas como bajistas, con potencial de alza apalancada y protecci贸n parcial contra p茅rdidas. Sin embargo, los inversores enfrentan riesgos significativos, incluyendo falta de garant铆a de capital, riesgo crediticio de Morgan Stanley y mercado secundario limitado. El pago al vencimiento var铆a seg煤n el desempe帽o del subyacente, con p茅rdida m谩xima del total invertido si el 铆ndice cae un 100%. La oferta est谩 registrada bajo los n煤meros #333-275587 y 333-275587-01.
Morgan Stanley Finance LLC電� 2030雲� 8鞗� 1鞚� 毵岅赴鞚� S&P 500庐 靹犽 齑堦臣 靾橃澋 歆�靾�(SPXFP)鞐� 鞐瓣硠霅� Dual Directional Trigger PLUS 歃濌秾鞚� 氚滍憸頄堨姷雼堧嫟. 欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 歆�靾� 靸侅姽 鞁� 152%鞐愳劀 157%旯岇鞚� 霠堧矂毽 須臣
- 頃橂澖 鞛勱硠臧掛潉 齑堦臣頃橂姅 鞝堧寑 鞚岇垬 靾橃澋毳犾棎 雽�頃� 50% 彀胳棳鞙�
- 齑堦赴 靾橃鞚� 60%鞐� 頃措嫻頃橂姅 頃橂澖 鞛勱硠臧�
- 歃濌秾雼� 鞓堨儊 臧�旃� $925.10
鞚� 歃濌秾鞚� 靸侅姽 氚� 頃橂澖 鞁滌灔 氇憪鞐愳劀 鞛犾灛鞝� 靾橃澋鞚� 鞝滉车頃橂┌, 霠堧矂毽 靸侅姽 鞛犾灛霠リ臣 攵�攵勳爜鞚� 頃橂澖 氤错樃毳� 臧栰稊瓿� 鞛堨姷雼堧嫟. 攴鸽煬雮� 韴瀽鞛愲姅 鞗愱笀 氤挫灔 鞐嗢潓, Morgan Stanley鞚� 鞁犾毄 鞙勴棙, 鞝滍暅霅� 2彀� 鞁滌灔 瓯半灅 霌� 欷戩殧頃� 鞙勴棙鞐� 歆侂┐頃� 鞛堨姷雼堧嫟. 毵岅赴 鞁� 歆�旮夓暋鞚� 旮办磮鞛愳偘鞚� 靹标臣鞐� 霐半澕 雼澕歆�氅�, 歆�靾橁皜 100% 頃橂澖頃� 瓴届毎 韴瀽 鞝勳暋 靻愳嫟 臧�電レ劚鞚� 鞛堨姷雼堧嫟. 鞚� 歃濌秾鞚� #333-275587 氚� 333-275587-01搿� 霌彪霅橃柎 鞛堨姷雼堧嫟.
Morgan Stanley Finance LLC annonce des titres Dual Directional Trigger PLUS li茅s 脿 l'indice S&P 500庐 Futures Excess Return (SPXFP), arrivant 脿 茅ch茅ance le 1er ao没t 2030. Les caract茅ristiques cl茅s comprennent :
- Facteur de levier de 152 % 脿 157 % sur la performance positive de l'indice
- Taux de participation de 50 % sur les rendements n茅gatifs absolus au-del脿 du seuil de baisse
- Niveau du seuil de baisse fix茅 脿 60 % du niveau initial
- Valeur estim茅e de 925,10 $ par titre
Ces titres offrent un potentiel de rendement dans les march茅s haussiers et baissiers, avec un effet de levier 脿 la hausse et une protection partielle contre la baisse. Cependant, les investisseurs sont expos茅s 脿 des risques importants, notamment aucune garantie du capital, un risque de cr茅dit li茅 脿 Morgan Stanley et une liquidit茅 limit茅e sur le march茅 secondaire. Le paiement 脿 l'茅ch茅ance d茅pend de la performance du sous-jacent, avec un risque de perte totale si l'indice chute de 100 %. L'offre est enregistr茅e sous les num茅ros #333-275587 et 333-275587-01.
Morgan Stanley Finance LLC gibt die Dual Directional Trigger PLUS-Wertpapiere bekannt, die an den S&P 500庐 Futures Excess Return Index (SPXFP) gebunden sind und am 1. August 2030 f盲llig werden. Die wichtigsten Merkmale sind:
- Hebelfaktor von 152% bis 157% bei positiver Indexentwicklung
- 50% Partizipationsrate bei absoluten negativen Renditen 眉ber der Abw盲rtsgrenze
- 础产飞盲谤迟蝉驳谤别苍锄别苍苍颈惫别补耻 bei 60% des Anfangsniveaus
- Gesch盲tzter Wert von $925,10 pro Wertpapier
Die Wertpapiere bieten potenzielle Renditen in steigenden und fallenden M盲rkten, mit gehebeltem Aufw盲rtspotenzial und teilweisem Schutz vor Abw盲rtsrisiken. Anleger tragen jedoch erhebliche Risiken, darunter keine Kapitalgarantie, Kreditrisiko von Morgan Stanley und eingeschr盲nkten Handel am Sekund盲rmarkt. Die Auszahlung bei F盲lligkeit variiert je nach Performance des Basiswerts, wobei ein Totalverlust m枚glich ist, falls der Index um 100% f盲llt. Das Angebot ist unter den Nummern #333-275587 und 333-275587-01 registriert.
- Leveraged upside potential with 152-157% participation in positive index returns
- Downside protection buffer up to 40% loss, with 50% participation in absolute returns within this range
- 5-year maturity provides significant time horizon for potential market appreciation
- No principal protection - complete loss of investment possible if index falls more than 60%
- No interest payments during the 5-year term
- Estimated value ($925.10) is significantly below the issue price, indicating high embedded costs
- Credit risk exposure to Morgan Stanley with no collateral protection
- Limited secondary market liquidity due to no exchange listing
Morgan Stanley Finance LLC annuncia i titoli Dual Directional Trigger PLUS collegati all'indice S&P 500庐 Futures Excess Return (SPXFP), con scadenza il 1掳 agosto 2030. Le caratteristiche principali includono:
- Fattore di leva dal 152% al 157% sulla performance positiva dell'indice
- Tasso di partecipazione del 50% sui rendimenti negativi assoluti oltre la soglia di ribasso
- Soglia di ribasso fissata al 60% del livello iniziale
- Valore stimato di $925,10 per titolo
I titoli offrono potenziali ritorni sia in mercati in crescita che in calo, con un potenziale rialzo con leva e una protezione parziale dal ribasso. Tuttavia, gli investitori affrontano rischi significativi, tra cui assenza di garanzia sul capitale, rischio di credito di Morgan Stanley e limitata negoziabilit脿 sul mercato secondario. Il pagamento a scadenza varia in base alla performance del sottostante, con la possibilit脿 di perdere l'intero investimento se l'indice scende del 100%. L'offerta 猫 registrata sotto i numeri #333-275587 e 333-275587-01.
Morgan Stanley Finance LLC anuncia valores Dual Directional Trigger PLUS vinculados al 铆ndice S&P 500庐 Futures Excess Return (SPXFP), con vencimiento el 1 de agosto de 2030. Las caracter铆sticas clave incluyen:
- Factor de apalancamiento del 152% al 157% sobre el rendimiento positivo del 铆ndice
- Tasa de participaci贸n del 50% en retornos negativos absolutos que superen el umbral a la baja
- Nivel del umbral a la baja en el 60% del nivel inicial
- Valor estimado de $925.10 por valor
Los valores ofrecen potenciales rendimientos tanto en mercados alcistas como bajistas, con potencial de alza apalancada y protecci贸n parcial contra p茅rdidas. Sin embargo, los inversores enfrentan riesgos significativos, incluyendo falta de garant铆a de capital, riesgo crediticio de Morgan Stanley y mercado secundario limitado. El pago al vencimiento var铆a seg煤n el desempe帽o del subyacente, con p茅rdida m谩xima del total invertido si el 铆ndice cae un 100%. La oferta est谩 registrada bajo los n煤meros #333-275587 y 333-275587-01.
Morgan Stanley Finance LLC電� 2030雲� 8鞗� 1鞚� 毵岅赴鞚� S&P 500庐 靹犽 齑堦臣 靾橃澋 歆�靾�(SPXFP)鞐� 鞐瓣硠霅� Dual Directional Trigger PLUS 歃濌秾鞚� 氚滍憸頄堨姷雼堧嫟. 欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 歆�靾� 靸侅姽 鞁� 152%鞐愳劀 157%旯岇鞚� 霠堧矂毽 須臣
- 頃橂澖 鞛勱硠臧掛潉 齑堦臣頃橂姅 鞝堧寑 鞚岇垬 靾橃澋毳犾棎 雽�頃� 50% 彀胳棳鞙�
- 齑堦赴 靾橃鞚� 60%鞐� 頃措嫻頃橂姅 頃橂澖 鞛勱硠臧�
- 歃濌秾雼� 鞓堨儊 臧�旃� $925.10
鞚� 歃濌秾鞚� 靸侅姽 氚� 頃橂澖 鞁滌灔 氇憪鞐愳劀 鞛犾灛鞝� 靾橃澋鞚� 鞝滉车頃橂┌, 霠堧矂毽 靸侅姽 鞛犾灛霠リ臣 攵�攵勳爜鞚� 頃橂澖 氤错樃毳� 臧栰稊瓿� 鞛堨姷雼堧嫟. 攴鸽煬雮� 韴瀽鞛愲姅 鞗愱笀 氤挫灔 鞐嗢潓, Morgan Stanley鞚� 鞁犾毄 鞙勴棙, 鞝滍暅霅� 2彀� 鞁滌灔 瓯半灅 霌� 欷戩殧頃� 鞙勴棙鞐� 歆侂┐頃� 鞛堨姷雼堧嫟. 毵岅赴 鞁� 歆�旮夓暋鞚� 旮办磮鞛愳偘鞚� 靹标臣鞐� 霐半澕 雼澕歆�氅�, 歆�靾橁皜 100% 頃橂澖頃� 瓴届毎 韴瀽 鞝勳暋 靻愳嫟 臧�電レ劚鞚� 鞛堨姷雼堧嫟. 鞚� 歃濌秾鞚� #333-275587 氚� 333-275587-01搿� 霌彪霅橃柎 鞛堨姷雼堧嫟.
Morgan Stanley Finance LLC annonce des titres Dual Directional Trigger PLUS li茅s 脿 l'indice S&P 500庐 Futures Excess Return (SPXFP), arrivant 脿 茅ch茅ance le 1er ao没t 2030. Les caract茅ristiques cl茅s comprennent :
- Facteur de levier de 152 % 脿 157 % sur la performance positive de l'indice
- Taux de participation de 50 % sur les rendements n茅gatifs absolus au-del脿 du seuil de baisse
- Niveau du seuil de baisse fix茅 脿 60 % du niveau initial
- Valeur estim茅e de 925,10 $ par titre
Ces titres offrent un potentiel de rendement dans les march茅s haussiers et baissiers, avec un effet de levier 脿 la hausse et une protection partielle contre la baisse. Cependant, les investisseurs sont expos茅s 脿 des risques importants, notamment aucune garantie du capital, un risque de cr茅dit li茅 脿 Morgan Stanley et une liquidit茅 limit茅e sur le march茅 secondaire. Le paiement 脿 l'茅ch茅ance d茅pend de la performance du sous-jacent, avec un risque de perte totale si l'indice chute de 100 %. L'offre est enregistr茅e sous les num茅ros #333-275587 et 333-275587-01.
Morgan Stanley Finance LLC gibt die Dual Directional Trigger PLUS-Wertpapiere bekannt, die an den S&P 500庐 Futures Excess Return Index (SPXFP) gebunden sind und am 1. August 2030 f盲llig werden. Die wichtigsten Merkmale sind:
- Hebelfaktor von 152% bis 157% bei positiver Indexentwicklung
- 50% Partizipationsrate bei absoluten negativen Renditen 眉ber der Abw盲rtsgrenze
- 础产飞盲谤迟蝉驳谤别苍锄别苍苍颈惫别补耻 bei 60% des Anfangsniveaus
- Gesch盲tzter Wert von $925,10 pro Wertpapier
Die Wertpapiere bieten potenzielle Renditen in steigenden und fallenden M盲rkten, mit gehebeltem Aufw盲rtspotenzial und teilweisem Schutz vor Abw盲rtsrisiken. Anleger tragen jedoch erhebliche Risiken, darunter keine Kapitalgarantie, Kreditrisiko von Morgan Stanley und eingeschr盲nkten Handel am Sekund盲rmarkt. Die Auszahlung bei F盲lligkeit variiert je nach Performance des Basiswerts, wobei ein Totalverlust m枚glich ist, falls der Index um 100% f盲llt. Das Angebot ist unter den Nummern #333-275587 und 333-275587-01 registriert.
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,039
Registration Statement Nos. 333-275587; 333-275587-01
Dated July 1, 2025; Filed pursuant to Rule 433
Morgan Stanley
SPXFP Dual Directional Trigger PLUS due August 1, 2030
This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, index supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.
|
Terms |
|
|
Issuer: |
Morgan Stanley Finance LLC |
|
Guarantor: |
Morgan Stanley |
|
Underlier: |
S&P 500® Futures Excess Return Index (SPXFP) |
|
Leverage factor: |
152% to 157% |
|
Absolute return participation rate: |
50% |
|
Downside threshold level: |
60% of the initial level |
|
Pricing date: |
July 28, 2025 |
|
Observation date: |
July 29, 2030 |
|
Maturity date: |
August 1, 2030 |
|
CUSIP: |
61778NAG6 |
|
Estimated value: |
$925.10 per security, or within $55.00 of that estimate |
|
Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/895421/000183988225034336/ms9039_424b2-18699.htm |
1All payments are subject to our credit risk
Hypothetical Payment at Maturity1
The payoff diagram and table below illustrate the payment at maturity for a range of hypothetical performances of the underlier over the term of the securities.
|
% Change in Closing Level of the Underlier |
Payment at Maturity per Security |
|
+60.00% |
$1,912.00* |
|
+40.00% |
$1,608.00* |
|
+20.00% |
$1,304.00* |
|
0.00% |
$1,000.00 |
|
-20.00% |
$1,100.00 |
|
-40.00% |
$1,200.00 |
|
-41.00% |
$590.00 |
|
-60.00% |
$400.00 |
|
-80.00% |
$200.00 |
|
-100.00% |
$0.00 |
|
*Assumes a leverage factor of 152% |
|
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.
Underlier(s)
For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.
Risk Considerations
The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.
Risks Relating to an Investment in the Securities
●The securities do not guarantee the return of any principal and do not pay interest.
●Any positive return on the securities that is based on the depreciation of the underlier is effectively capped.
●The amount payable on the securities is not linked to the value of the underlier at any time other than the observation date.
●The market price of the securities may be influenced by many unpredictable factors.
●The securities are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the securities.
●As a finance subsidiary, MSFL has no independent operations and will have no independent assets.
●The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the securities in the original issue price reduce the economic terms of the securities, cause the estimated value of the securities to be less than the original issue price and will adversely affect secondary market prices.
●The estimated value of the securities is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.
●The securities will not be listed on any securities exchange and secondary trading may be limited.
●As discussed in more detail in the accompanying product supplement, investing in the securities is not equivalent to investing in the underlier(s).
●The U.S. federal income tax consequences of an investment in the securities are uncertain.
Risks Relating to the Underlier(s)
●Because your return on the securities will depend upon the performance of the underlier(s), the securities are subject to the following risk(s), as discussed in more detail in the accompanying product supplement.
oHigher future prices of a futures contract to which the underlier is linked relative to its current prices may adversely affect the value of the underlier and the value of the securities.
oSuspensions or disruptions of market trading in futures markets could adversely affect the value of the securities.
oLegal and regulatory changes could adversely affect the return on and value of the securities.
●Adjustments to the S&P 500® Futures Excess Return Index could adversely affect the value of the securities.
Risks Relating to Conflicts of Interest
●The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the securities.
●Hedging and trading activity by our affiliates could potentially adversely affect the value of the securities.
Tax Considerations
You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption “Additional Information About the Securities– United States federal income tax considerations” concerning the U.S. federal income tax consequences of an investment in the securities, and you should consult your tax adviser.
Source:
FAQ
What is MS's new Dual Directional Trigger PLUS offering and when does it mature?
What is the estimated value of MS's new Trigger PLUS securities?
What are the maximum potential returns for MS's new Trigger PLUS securities?
What are the key risks of investing in MS's new Trigger PLUS securities?
When is the pricing date for MS's new Trigger PLUS securities?
