[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance has announced 1.5-Year META Trigger Jump Securities tied to Meta Platforms class A common stock, offering a unique investment structure with conditional returns. The securities, priced at $1,000 per unit, will mature on February 3, 2027.
Key features include:
- A fixed upside payment of 32.45% ($324.50) if META stock price is at or above initial price at maturity
- Principal protection if stock declines up to 20% from initial price
- 1:1 downside exposure if stock declines more than 20%, potentially resulting in significant losses
Important risks include no interest payments, limited appreciation potential, and credit risk exposure to Morgan Stanley. The estimated value is $964.90 per security, below the issue price, reflecting structuring costs. The offering begins July 22, 2025, with CUSIP: 61778NCN9.
Morgan Stanley Finance ha annunciato le 1.5-Year META Trigger Jump Securities legate alle azioni ordinarie di classe A di Meta Platforms, offrendo una struttura di investimento unica con rendimenti condizionati. I titoli, quotati a 1.000 dollari per unit脿, scadranno il 3 febbraio 2027.
Caratteristiche principali includono:
- Un pagamento fisso di 32,45% (324,50 dollari) se il prezzo delle azioni META sar脿 pari o superiore al prezzo iniziale alla scadenza
- Protezione del capitale se il titolo scende fino al 20% rispetto al prezzo iniziale
- Esposizione 1:1 al ribasso se il titolo scende oltre il 20%, con potenziali perdite significative
Rischi importanti comprendono assenza di pagamenti di interessi, potenziale di apprezzamento limitato e rischio di credito legato a Morgan Stanley. Il valore stimato 猫 di 964,90 dollari per titolo, inferiore al prezzo di emissione, a riflettere i costi di strutturazione. L'offerta inizia il 22 luglio 2025, con CUSIP: 61778NCN9.
Morgan Stanley Finance ha anunciado las 1.5-Year META Trigger Jump Securities vinculadas a las acciones ordinarias clase A de Meta Platforms, ofreciendo una estructura de inversi贸n 煤nica con rendimientos condicionados. Los valores, con un precio de $1,000 por unidad, vencer谩n el 3 de febrero de 2027.
Las caracter铆sticas clave incluyen:
- Un pago fijo al alza del 32.45% ($324.50) si el precio de las acciones META est谩 igual o por encima del precio inicial al vencimiento
- Protecci贸n del capital si la acci贸n cae hasta un 20% desde el precio inicial
- Exposici贸n a la baja 1:1 si la acci贸n cae m谩s de un 20%, lo que puede resultar en p茅rdidas significativas
Los riesgos importantes incluyen no pagos de intereses, potencial limitado de apreciaci贸n y riesgo crediticio vinculado a Morgan Stanley. El valor estimado es de $964.90 por valor, por debajo del precio de emisi贸n, reflejando los costos de estructuraci贸n. La oferta comienza el 22 de julio de 2025, con CUSIP: 61778NCN9.
Morgan Stanley Finance電� Meta Platforms 韥措灅鞀� A 氤错喌欤检棎 鞐瓣硠霅� 1.5雲� META 韸鸽Μ瓯� 鞝愴攧 歃濌秾鞚� 氚滍憸頄堨姷雼堧嫟. 鞚� 歃濌秾鞚� 臁瓣贝攵� 靾橃澋鞚� 鞝滉车頃橂姅 霃呿姽頃� 韴瀽 甑“毳� 臧栰稊瓿� 鞛堨姷雼堧嫟. 雼皜電� 1,000雼煬鞚措┌ 毵岅赴鞚检潃 2027雲� 2鞗� 3鞚检瀰雼堧嫟.
欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 毵岅赴 鞁� META 欤缄皜臧� 齑堦赴 臧�瓴� 鞚挫儊鞚� 瓴届毎 瓿犾爼霅� 32.45%(324.50雼煬) 靸侅姽 歆�旮�
- 欤缄皜臧� 齑堦赴 臧�瓴� 雽�牍� 斓滊寑 20% 頃橂澖 鞁� 鞗愱笀 氤错樃
- 欤缄皜臧� 20% 鞚挫儊 頃橂澖頃� 瓴届毎 1:1 頃橂澖 雲胳稖搿� 靸侂嫻頃� 靻愳嫟 臧�電レ劚
欷戩殧 鞙勴棙 鞖旍唽搿滊姅 鞚挫瀽 歆�旮� 鞐嗢潓, 鞝滍暅霅� 靸侅姽 鞛犾灛霠�, Morgan Stanley鞐� 雽�頃� 鞁犾毄 鞙勴棙鞚� 韽暔霅╇媹雼�. 鞓堨儊 臧�旃橂姅 歃濌秾雼� 964.90雼煬搿� 氚滍枆臧�氤措嫟 雮溂氅� 甑“頇� 牍勳毄鞚� 氚橃榿頃╇媹雼�. 瓿惦電� 2025雲� 7鞗� 22鞚茧秬韯� 鞁滌瀾頃橂┌ CUSIP 氩堩樃電� 61778NCN9鞛呺媹雼�.
Morgan Stanley Finance a annonc茅 les 1.5-Year META Trigger Jump Securities li茅es aux actions ordinaires de classe A de Meta Platforms, offrant une structure d'investissement unique avec des rendements conditionnels. Les titres, au prix de 1 000 $ par unit茅, arriveront 脿 茅ch茅ance le 3 f茅vrier 2027.
Les caract茅ristiques cl茅s incluent :
- Un paiement 脿 la hausse fixe de 32,45% (324,50 $) si le cours de l'action META est 茅gal ou sup茅rieur au prix initial 脿 l'茅ch茅ance
- Protection du capital si l'action baisse jusqu'脿 20% par rapport au prix initial
- Exposition 脿 la baisse 1:1 si l'action baisse de plus de 20%, pouvant entra卯ner des pertes importantes
Les risques importants comprennent l'absence de versements d'int茅r锚ts, un potentiel d'appr茅ciation limit茅 et le risque de cr茅dit li茅 脿 Morgan Stanley. La valeur estim茅e est de 964,90 $ par titre, inf茅rieure au prix d'茅mission, refl茅tant les co没ts de structuration. L'offre commence le 22 juillet 2025, avec CUSIP : 61778NCN9.
Morgan Stanley Finance hat die 1,5-Jahres META Trigger Jump Securities angek眉ndigt, die an die Meta Platforms Klasse A Stammaktien gekoppelt sind und eine einzigartige Anlageform mit bedingten Renditen bieten. Die Wertpapiere werden zu 1.000 US-Dollar pro Einheit bepreist und laufen am 3. Februar 2027 ab.
Wesentliche Merkmale sind:
- Eine feste Aufw盲rtszahlung von 32,45% (324,50 US-Dollar), falls der META-Aktienkurs zum Laufzeitende auf oder 眉ber dem Anfangskurs liegt
- Kapitalschutz bei Kursr眉ckg盲ngen bis zu 20% vom Anfangskurs
- 1:1 Abw盲rtsrisiko bei Kursr眉ckg盲ngen 眉ber 20%, was zu erheblichen Verlusten f眉hren kann
Wichtige Risiken umfassen keine Zinszahlungen, begrenztes Aufw盲rtspotenzial und Kreditrisiko gegen眉ber Morgan Stanley. Der gesch盲tzte Wert liegt bei 964,90 US-Dollar pro Wertpapier, unter dem Ausgabepreis, was die Strukturierungskosten widerspiegelt. Das Angebot beginnt am 22. Juli 2025, mit CUSIP: 61778NCN9.
- Fixed upside payment of 32.45% if META stock price remains flat or increases at maturity
- Downside protection buffer of 20% provides some cushion against moderate stock price declines
- Principal is fully protected as long as META stock doesn't decline more than 20% from initial price
- Upside potential is capped at 32.45% regardless of how much META stock appreciates
- Potential for significant losses (>20%) if META stock falls below the downside threshold level
- No periodic interest payments during the 1.5-year term
- Estimated value ($964.90) is less than the issue price ($1,000), indicating significant embedded costs
- Credit risk exposure to Morgan Stanley as guarantor could affect actual returns
Morgan Stanley Finance ha annunciato le 1.5-Year META Trigger Jump Securities legate alle azioni ordinarie di classe A di Meta Platforms, offrendo una struttura di investimento unica con rendimenti condizionati. I titoli, quotati a 1.000 dollari per unit脿, scadranno il 3 febbraio 2027.
Caratteristiche principali includono:
- Un pagamento fisso di 32,45% (324,50 dollari) se il prezzo delle azioni META sar脿 pari o superiore al prezzo iniziale alla scadenza
- Protezione del capitale se il titolo scende fino al 20% rispetto al prezzo iniziale
- Esposizione 1:1 al ribasso se il titolo scende oltre il 20%, con potenziali perdite significative
Rischi importanti comprendono assenza di pagamenti di interessi, potenziale di apprezzamento limitato e rischio di credito legato a Morgan Stanley. Il valore stimato 猫 di 964,90 dollari per titolo, inferiore al prezzo di emissione, a riflettere i costi di strutturazione. L'offerta inizia il 22 luglio 2025, con CUSIP: 61778NCN9.
Morgan Stanley Finance ha anunciado las 1.5-Year META Trigger Jump Securities vinculadas a las acciones ordinarias clase A de Meta Platforms, ofreciendo una estructura de inversi贸n 煤nica con rendimientos condicionados. Los valores, con un precio de $1,000 por unidad, vencer谩n el 3 de febrero de 2027.
Las caracter铆sticas clave incluyen:
- Un pago fijo al alza del 32.45% ($324.50) si el precio de las acciones META est谩 igual o por encima del precio inicial al vencimiento
- Protecci贸n del capital si la acci贸n cae hasta un 20% desde el precio inicial
- Exposici贸n a la baja 1:1 si la acci贸n cae m谩s de un 20%, lo que puede resultar en p茅rdidas significativas
Los riesgos importantes incluyen no pagos de intereses, potencial limitado de apreciaci贸n y riesgo crediticio vinculado a Morgan Stanley. El valor estimado es de $964.90 por valor, por debajo del precio de emisi贸n, reflejando los costos de estructuraci贸n. La oferta comienza el 22 de julio de 2025, con CUSIP: 61778NCN9.
Morgan Stanley Finance電� Meta Platforms 韥措灅鞀� A 氤错喌欤检棎 鞐瓣硠霅� 1.5雲� META 韸鸽Μ瓯� 鞝愴攧 歃濌秾鞚� 氚滍憸頄堨姷雼堧嫟. 鞚� 歃濌秾鞚� 臁瓣贝攵� 靾橃澋鞚� 鞝滉车頃橂姅 霃呿姽頃� 韴瀽 甑“毳� 臧栰稊瓿� 鞛堨姷雼堧嫟. 雼皜電� 1,000雼煬鞚措┌ 毵岅赴鞚检潃 2027雲� 2鞗� 3鞚检瀰雼堧嫟.
欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 毵岅赴 鞁� META 欤缄皜臧� 齑堦赴 臧�瓴� 鞚挫儊鞚� 瓴届毎 瓿犾爼霅� 32.45%(324.50雼煬) 靸侅姽 歆�旮�
- 欤缄皜臧� 齑堦赴 臧�瓴� 雽�牍� 斓滊寑 20% 頃橂澖 鞁� 鞗愱笀 氤错樃
- 欤缄皜臧� 20% 鞚挫儊 頃橂澖頃� 瓴届毎 1:1 頃橂澖 雲胳稖搿� 靸侂嫻頃� 靻愳嫟 臧�電レ劚
欷戩殧 鞙勴棙 鞖旍唽搿滊姅 鞚挫瀽 歆�旮� 鞐嗢潓, 鞝滍暅霅� 靸侅姽 鞛犾灛霠�, Morgan Stanley鞐� 雽�頃� 鞁犾毄 鞙勴棙鞚� 韽暔霅╇媹雼�. 鞓堨儊 臧�旃橂姅 歃濌秾雼� 964.90雼煬搿� 氚滍枆臧�氤措嫟 雮溂氅� 甑“頇� 牍勳毄鞚� 氚橃榿頃╇媹雼�. 瓿惦電� 2025雲� 7鞗� 22鞚茧秬韯� 鞁滌瀾頃橂┌ CUSIP 氩堩樃電� 61778NCN9鞛呺媹雼�.
Morgan Stanley Finance a annonc茅 les 1.5-Year META Trigger Jump Securities li茅es aux actions ordinaires de classe A de Meta Platforms, offrant une structure d'investissement unique avec des rendements conditionnels. Les titres, au prix de 1 000 $ par unit茅, arriveront 脿 茅ch茅ance le 3 f茅vrier 2027.
Les caract茅ristiques cl茅s incluent :
- Un paiement 脿 la hausse fixe de 32,45% (324,50 $) si le cours de l'action META est 茅gal ou sup茅rieur au prix initial 脿 l'茅ch茅ance
- Protection du capital si l'action baisse jusqu'脿 20% par rapport au prix initial
- Exposition 脿 la baisse 1:1 si l'action baisse de plus de 20%, pouvant entra卯ner des pertes importantes
Les risques importants comprennent l'absence de versements d'int茅r锚ts, un potentiel d'appr茅ciation limit茅 et le risque de cr茅dit li茅 脿 Morgan Stanley. La valeur estim茅e est de 964,90 $ par titre, inf茅rieure au prix d'茅mission, refl茅tant les co没ts de structuration. L'offre commence le 22 juillet 2025, avec CUSIP : 61778NCN9.
Morgan Stanley Finance hat die 1,5-Jahres META Trigger Jump Securities angek眉ndigt, die an die Meta Platforms Klasse A Stammaktien gekoppelt sind und eine einzigartige Anlageform mit bedingten Renditen bieten. Die Wertpapiere werden zu 1.000 US-Dollar pro Einheit bepreist und laufen am 3. Februar 2027 ab.
Wesentliche Merkmale sind:
- Eine feste Aufw盲rtszahlung von 32,45% (324,50 US-Dollar), falls der META-Aktienkurs zum Laufzeitende auf oder 眉ber dem Anfangskurs liegt
- Kapitalschutz bei Kursr眉ckg盲ngen bis zu 20% vom Anfangskurs
- 1:1 Abw盲rtsrisiko bei Kursr眉ckg盲ngen 眉ber 20%, was zu erheblichen Verlusten f眉hren kann
Wichtige Risiken umfassen keine Zinszahlungen, begrenztes Aufw盲rtspotenzial und Kreditrisiko gegen眉ber Morgan Stanley. Der gesch盲tzte Wert liegt bei 964,90 US-Dollar pro Wertpapier, unter dem Ausgabepreis, was die Strukturierungskosten widerspiegelt. Das Angebot beginnt am 22. Juli 2025, mit CUSIP: 61778NCN9.
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,092
Registration Statement Nos. 333-275587; 333-275587-01
Dated June 25, 2025; Filed pursuant to Rule 433
Morgan Stanley
1.5-Year META Trigger Jump Securities
This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.
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Summary Terms |
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Issuer: |
Morgan Stanley Finance LLC |
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Guarantor: |
Morgan Stanley |
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Maturity date: |
February 3, 2027 |
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Underlying stock: |
Meta Platforms, Inc. class A common stock (“META”) |
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Payment at maturity: |
●If the final share price is greater than or equal to the initial share price: $1,000 + the upside payment ●If the final share price is less than the initial share price but greater than or equal to the downside threshold level, meaning the value of the underlying stock has declined by no more than 20% from its initial share price: $1,000 ●If the final share price is less than the downside threshold level, meaning the value of the underlying stock has declined by more than 20% from its initial share price: $1,000 × share performance factor Under these circumstances, the payment at maturity will be significantly less than the stated principal amount of $1,000, and will represent a loss of more than 20%, and possibly all, of your investment. |
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Upside payment: |
$324.50 per security (32.45% of the stated principal amount) |
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Downside threshold level: |
80% of the initial share price |
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Share performance factor: |
final share price / initial share price |
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Initial share price: |
The closing price of the underlying stock on the pricing date |
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Final share price: |
The closing price of the underlying stock on the valuation date times the adjustment factor on such date |
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Valuation date: |
January 29, 2027, subject to postponement for non-trading days and certain market disruption events |
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Adjustment factor: |
1.0, subject to adjustment in the event of certain corporate events affecting the underlying stock |
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Stated principal amount: |
$1,000 per security |
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Issue price: |
$1,000 per security |
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Pricing date: |
July 17, 2025 |
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Original issue date: |
July 22, 2025 (3 business days after the pricing date) |
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CUSIP/ISIN: |
61778NCN9 / US61778NCN93 |
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Preliminary pricing supplement: |
https://www.sec.gov/Archives/edgar/data/895421/000183988225034519/ms9092_424b2-18829.htm |
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1All payments are subject to our credit risk |
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Hypothetical Payout at Maturity1
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Change in Underlying Stock |
Return on the Securities |
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+80.00% |
32.45% |
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+70.00% |
32.45% |
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+60.00% |
32.45% |
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+50.00% |
32.45% |
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+40.00% |
32.45% |
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+32.45% |
32.45% |
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+30.00% |
32.45% |
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+20.00% |
32.45% |
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+10.00% |
32.45% |
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0.00% |
32.45% |
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-5.00% |
0.00% |
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-10.00% |
0.00% |
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-20.00% |
0.00% |
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-21.00% |
-21.00% |
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-30.00% |
-30.00% |
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-40.00% |
-40.00% |
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-50.00% |
-50.00% |
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-60.00% |
-60.00% |
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-80.00% |
-80.00% |
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-100.00% |
-100.00% |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.
Underlying Stock
For more information about the underlying stock, 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 pay interest or guarantee any return of principal.
●The appreciation potential is fixed and limited.
●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 amount payable on the securities is not linked to the value of the underlying stock at any time other than the valuation date.
●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 $964.90 per security, or within $35.00 of that estimate, and 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.
●Investing in the securities is not equivalent to investing in the class A common stock of Meta Platforms, Inc.
●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.
●The U.S. federal income tax consequences of an investment in the securities are uncertain.
Risks Relating to the Underlying Stock
●No affiliation with Meta Platforms, Inc.
●We may engage in business with or involving Meta Platforms, Inc. without regard to your interests.
●Governmental regulatory actions, such as sanctions, could adversely affect your investment in the securities.
●The antidilution adjustments the calculation agent is required to make do not cover every corporate event that could affect the underlying stock.
Tax Considerations
You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption “Additional Information About the Securities–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 are the key terms of MS's META Trigger Jump Securities offering in June 2025?
What is the maximum potential return on MS's META Trigger Jump Securities?
What is the downside risk for MS's META Trigger Jump Securities?
What is the estimated value of MS's META Trigger Jump Securities versus the issue price?
How will MS calculate the payment at maturity for the META Trigger Jump Securities?
