[FWP] Morgan Stanley Free Writing Prospectus
Morgan Stanley Finance has announced Auto-Callable Market Linked Securities tied to the performance of the Dow Jones Industrial Average and S&P 500 Index, due July 2, 2030. The securities, with a face value of $1,000 per unit, offer leveraged upside participation and fixed percentage buffered downside.
Key features include:
- Automatic call feature triggering if the lowest performing underlying exceeds its starting level on July 2, 2026, paying at least 7% premium
- 115% participation rate in underlying index gains if held to maturity
- 30% downside buffer protection
- Maximum potential loss of 70% of face value
The estimated value per security is $951.60, reflecting costs associated with issuing, selling, structuring, and hedging. The offering involves complex features and significant risks, including credit risk of Morgan Stanley as guarantor, market risk of the underlying indices, and potential loss of principal.
Morgan Stanley Finance ha annunciato titoli collegati al mercato con opzione di richiamo automatico, legati alla performance del Dow Jones Industrial Average e dell'S&P 500 Index, con scadenza il 2 luglio 2030. I titoli, con un valore nominale di 1.000$ per unit脿, offrono una partecipazione al rialzo con leva finanziaria e una protezione fissa parziale dalle perdite.
Caratteristiche principali includono:
- Opzione di richiamo automatico che si attiva se l'azione sottostante con la performance pi霉 bassa supera il livello iniziale il 2 luglio 2026, garantendo almeno un premio del 7%
- Partecipazione al 115% ai guadagni dell'indice sottostante se detenuti fino alla scadenza
- Protezione da ribassi fino al 30%
- Perdita massima potenziale pari al 70% del valore nominale
Il valore stimato per ciascun titolo 猫 di 951,60$, che riflette i costi legati all'emissione, vendita, strutturazione e copertura. L'offerta presenta caratteristiche complesse e rischi significativi, inclusi il rischio di credito di Morgan Stanley come garante, il rischio di mercato degli indici sottostanti e la possibilit脿 di perdita del capitale investito.
Morgan Stanley Finance ha anunciado valores vinculados al mercado con opci贸n de llamada autom谩tica, ligados al desempe帽o del Dow Jones Industrial Average y el 铆ndice S&P 500, con vencimiento el 2 de julio de 2030. Los valores, con un valor nominal de 1.000$ por unidad, ofrecen participaci贸n apalancada al alza y protecci贸n fija parcial contra p茅rdidas.
Caracter铆sticas clave incluyen:
- Funci贸n de llamada autom谩tica que se activa si el activo subyacente con peor desempe帽o supera su nivel inicial el 2 de julio de 2026, pagando al menos un 7% de prima
- Tasa de participaci贸n del 115% en las ganancias del 铆ndice subyacente si se mantiene hasta el vencimiento
- Protecci贸n contra ca铆das del 30%
- P茅rdida m谩xima potencial del 70% del valor nominal
El valor estimado por valor es de 951,60$, reflejando los costos asociados con la emisi贸n, venta, estructuraci贸n y cobertura. La oferta implica caracter铆sticas complejas y riesgos significativos, incluyendo el riesgo crediticio de Morgan Stanley como garante, el riesgo de mercado de los 铆ndices subyacentes y la posible p茅rdida de capital.
氇贝 鞀ろ儬毽� 韺岇澊雮胳姢电� 雼れ毎 臁挫姢 靷办梾韽夑窢歆�靾� 氚� S&P 500 歆�靾�鞚� 靹标臣鞐� 鞐半彊霅� 鞛愲彊 旖� 臧�電� 鞁滌灔 鞐瓣硠 歃濌秾鞚� 氚滍憸頄堨溂氅�, 毵岅赴电� 2030雲� 7鞗� 2鞚检瀰雼堧嫟. 臧� 歃濌秾鞚� 鞎‰┐臧�电� 1,000雼煬搿�, 霠堧矂毽 靸侅姽 彀胳棳鞕� 瓿犾爼 牍勳湪 頃橂澖 氩勴嵓 氤错樃毳� 鞝滉车頃╇媹雼�.
欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 2026雲� 7鞗� 2鞚检棎 斓滌爛 靹标臣 旮办磮鞛愳偘鞚� 鞁滌瀾 靾橃鞚� 齑堦臣頃橂┐ 鞛愲彊 旖� 旮半姤鞚� 氚滊彊霅橃柎 斓滌唽 7%鞚� 頂勲Μ氙胳梽 歆�旮�
- 毵岅赴旯岇 氤挫湢 鞁� 旮办磮 歆�靾� 靸侅姽鞐� 雽�頃� 115% 彀胳棳鞙� 鞝滉车
- 30% 頃橂澖 氩勴嵓 氤错樃
- 斓滊寑 鞛犾灛 靻愳嫟鞚� 鞎‰┐臧�鞚� 70%
歃濌秾雼� 於旍爼 臧�旃樀鐢 951.60雼煬搿�, 氚滍枆, 韺愲Г, 甑“頇� 氚� 項れ瓿� 甏�霠悳 牍勳毄鞚� 氚橃榿霅橃柎 鞛堨姷雼堧嫟. 鞚� 靸來拡鞚� 氤奠灐頃� 韸轨瓿� 靸侂嫻頃� 鞙勴棙鞚� 韽暔頃橂┌, 氇贝 鞀ろ儬毽潣 鞁犾毄 鞙勴棙, 旮办磮 歆�靾橃潣 鞁滌灔 鞙勴棙, 鞗愱笀 靻愳嫟 臧�電レ劚鞚� 韽暔頃╇媹雼�.
Morgan Stanley Finance a annonc茅 des titres li茅s au march茅 avec option de rappel automatique, li茅s 脿 la performance du Dow Jones Industrial Average et de l'indice S&P 500, arrivant 脿 茅ch茅ance le 2 juillet 2030. Ces titres, d'une valeur nominale de 1 000 $ par unit茅, offrent une participation 脿 la hausse avec effet de levier et une protection 脿 pourcentage fixe contre les baisses.
Les caract茅ristiques cl茅s comprennent :
- Option de rappel automatique d茅clench茅e si la composante la moins performante d茅passe son niveau initial le 2 juillet 2026, avec un paiement d'au moins 7% de prime
- Taux de participation de 115% aux gains des indices sous-jacents si d茅tenu jusqu'脿 l'茅ch茅ance
- Protection contre une baisse de 30%
- Perte maximale potentielle de 70% de la valeur nominale
La valeur estim茅e par titre est de 951,60 $, refl茅tant les co没ts li茅s 脿 l'茅mission, la vente, la structuration et la couverture. Cette offre comporte des caract茅ristiques complexes et des risques importants, notamment le risque de cr茅dit de Morgan Stanley en tant que garant, le risque de march茅 des indices sous-jacents et la possibilit茅 de perte en capital.
Morgan Stanley Finance hat Auto-Callable Market Linked Securities angek眉ndigt, die an die Entwicklung des Dow Jones Industrial Average und des S&P 500 Index gekoppelt sind und am 2. Juli 2030 f盲llig werden. Die Wertpapiere mit einem Nennwert von 1.000$ pro Einheit bieten eine gehebelte Aufw盲rtsbeteiligung und einen festen prozentualen Puffer gegen Verluste.
Wesentliche Merkmale umfassen:
- Automatische R眉ckrufoption, die aktiviert wird, wenn der am schlechtesten performende Basiswert am 2. Juli 2026 sein Anfangsniveau 眉bersteigt, mit einer Mindestr眉ckzahlung von 7% Pr盲mie
- 115% Partizipationsrate an den Gewinnen des Basisindex bei Halten bis zur F盲lligkeit
- 30% Abw盲rtspuffer
- Maximaler potenzieller Verlust von 70% des Nennwerts
Der gesch盲tzte Wert pro Wertpapier betr盲gt 951,60$ und spiegelt die mit Ausgabe, Verkauf, Strukturierung und Absicherung verbundenen Kosten wider. Das Angebot beinhaltet komplexe Merkmale und erhebliche Risiken, einschlie脽lich des Kreditrisikos von Morgan Stanley als Garantiegeber, Marktrisiken der Basisindizes und des m枚glichen Kapitalverlusts.
- Offers 115% participation rate in upside performance of underlying indices, providing enhanced returns in bullish scenarios
- Includes 30% downside buffer protection, limiting potential losses for investors in moderately bearish scenarios
- Features automatic call provision with minimum 7% return if either index is above starting level after one year
- Initial estimated value of $951.60 represents an immediate 4.84% discount to the $1,000 face value
- Investors can lose up to 70% of principal if either index falls below 70% threshold level
- Complex structure includes significant fees and costs: up to $28.25 commission per security plus additional selling concessions
- No periodic interest payments, limiting income potential for investors
Morgan Stanley Finance ha annunciato titoli collegati al mercato con opzione di richiamo automatico, legati alla performance del Dow Jones Industrial Average e dell'S&P 500 Index, con scadenza il 2 luglio 2030. I titoli, con un valore nominale di 1.000$ per unit脿, offrono una partecipazione al rialzo con leva finanziaria e una protezione fissa parziale dalle perdite.
Caratteristiche principali includono:
- Opzione di richiamo automatico che si attiva se l'azione sottostante con la performance pi霉 bassa supera il livello iniziale il 2 luglio 2026, garantendo almeno un premio del 7%
- Partecipazione al 115% ai guadagni dell'indice sottostante se detenuti fino alla scadenza
- Protezione da ribassi fino al 30%
- Perdita massima potenziale pari al 70% del valore nominale
Il valore stimato per ciascun titolo 猫 di 951,60$, che riflette i costi legati all'emissione, vendita, strutturazione e copertura. L'offerta presenta caratteristiche complesse e rischi significativi, inclusi il rischio di credito di Morgan Stanley come garante, il rischio di mercato degli indici sottostanti e la possibilit脿 di perdita del capitale investito.
Morgan Stanley Finance ha anunciado valores vinculados al mercado con opci贸n de llamada autom谩tica, ligados al desempe帽o del Dow Jones Industrial Average y el 铆ndice S&P 500, con vencimiento el 2 de julio de 2030. Los valores, con un valor nominal de 1.000$ por unidad, ofrecen participaci贸n apalancada al alza y protecci贸n fija parcial contra p茅rdidas.
Caracter铆sticas clave incluyen:
- Funci贸n de llamada autom谩tica que se activa si el activo subyacente con peor desempe帽o supera su nivel inicial el 2 de julio de 2026, pagando al menos un 7% de prima
- Tasa de participaci贸n del 115% en las ganancias del 铆ndice subyacente si se mantiene hasta el vencimiento
- Protecci贸n contra ca铆das del 30%
- P茅rdida m谩xima potencial del 70% del valor nominal
El valor estimado por valor es de 951,60$, reflejando los costos asociados con la emisi贸n, venta, estructuraci贸n y cobertura. La oferta implica caracter铆sticas complejas y riesgos significativos, incluyendo el riesgo crediticio de Morgan Stanley como garante, el riesgo de mercado de los 铆ndices subyacentes y la posible p茅rdida de capital.
氇贝 鞀ろ儬毽� 韺岇澊雮胳姢电� 雼れ毎 臁挫姢 靷办梾韽夑窢歆�靾� 氚� S&P 500 歆�靾�鞚� 靹标臣鞐� 鞐半彊霅� 鞛愲彊 旖� 臧�電� 鞁滌灔 鞐瓣硠 歃濌秾鞚� 氚滍憸頄堨溂氅�, 毵岅赴电� 2030雲� 7鞗� 2鞚检瀰雼堧嫟. 臧� 歃濌秾鞚� 鞎‰┐臧�电� 1,000雼煬搿�, 霠堧矂毽 靸侅姽 彀胳棳鞕� 瓿犾爼 牍勳湪 頃橂澖 氩勴嵓 氤错樃毳� 鞝滉车頃╇媹雼�.
欤检殧 韸轨鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 2026雲� 7鞗� 2鞚检棎 斓滌爛 靹标臣 旮办磮鞛愳偘鞚� 鞁滌瀾 靾橃鞚� 齑堦臣頃橂┐ 鞛愲彊 旖� 旮半姤鞚� 氚滊彊霅橃柎 斓滌唽 7%鞚� 頂勲Μ氙胳梽 歆�旮�
- 毵岅赴旯岇 氤挫湢 鞁� 旮办磮 歆�靾� 靸侅姽鞐� 雽�頃� 115% 彀胳棳鞙� 鞝滉车
- 30% 頃橂澖 氩勴嵓 氤错樃
- 斓滊寑 鞛犾灛 靻愳嫟鞚� 鞎‰┐臧�鞚� 70%
歃濌秾雼� 於旍爼 臧�旃樀鐢 951.60雼煬搿�, 氚滍枆, 韺愲Г, 甑“頇� 氚� 項れ瓿� 甏�霠悳 牍勳毄鞚� 氚橃榿霅橃柎 鞛堨姷雼堧嫟. 鞚� 靸來拡鞚� 氤奠灐頃� 韸轨瓿� 靸侂嫻頃� 鞙勴棙鞚� 韽暔頃橂┌, 氇贝 鞀ろ儬毽潣 鞁犾毄 鞙勴棙, 旮办磮 歆�靾橃潣 鞁滌灔 鞙勴棙, 鞗愱笀 靻愳嫟 臧�電レ劚鞚� 韽暔頃╇媹雼�.
Morgan Stanley Finance a annonc茅 des titres li茅s au march茅 avec option de rappel automatique, li茅s 脿 la performance du Dow Jones Industrial Average et de l'indice S&P 500, arrivant 脿 茅ch茅ance le 2 juillet 2030. Ces titres, d'une valeur nominale de 1 000 $ par unit茅, offrent une participation 脿 la hausse avec effet de levier et une protection 脿 pourcentage fixe contre les baisses.
Les caract茅ristiques cl茅s comprennent :
- Option de rappel automatique d茅clench茅e si la composante la moins performante d茅passe son niveau initial le 2 juillet 2026, avec un paiement d'au moins 7% de prime
- Taux de participation de 115% aux gains des indices sous-jacents si d茅tenu jusqu'脿 l'茅ch茅ance
- Protection contre une baisse de 30%
- Perte maximale potentielle de 70% de la valeur nominale
La valeur estim茅e par titre est de 951,60 $, refl茅tant les co没ts li茅s 脿 l'茅mission, la vente, la structuration et la couverture. Cette offre comporte des caract茅ristiques complexes et des risques importants, notamment le risque de cr茅dit de Morgan Stanley en tant que garant, le risque de march茅 des indices sous-jacents et la possibilit茅 de perte en capital.
Morgan Stanley Finance hat Auto-Callable Market Linked Securities angek眉ndigt, die an die Entwicklung des Dow Jones Industrial Average und des S&P 500 Index gekoppelt sind und am 2. Juli 2030 f盲llig werden. Die Wertpapiere mit einem Nennwert von 1.000$ pro Einheit bieten eine gehebelte Aufw盲rtsbeteiligung und einen festen prozentualen Puffer gegen Verluste.
Wesentliche Merkmale umfassen:
- Automatische R眉ckrufoption, die aktiviert wird, wenn der am schlechtesten performende Basiswert am 2. Juli 2026 sein Anfangsniveau 眉bersteigt, mit einer Mindestr眉ckzahlung von 7% Pr盲mie
- 115% Partizipationsrate an den Gewinnen des Basisindex bei Halten bis zur F盲lligkeit
- 30% Abw盲rtspuffer
- Maximaler potenzieller Verlust von 70% des Nennwerts
Der gesch盲tzte Wert pro Wertpapier betr盲gt 951,60$ und spiegelt die mit Ausgabe, Verkauf, Strukturierung und Absicherung verbundenen Kosten wider. Das Angebot beinhaltet komplexe Merkmale und erhebliche Risiken, einschlie脽lich des Kreditrisikos von Morgan Stanley als Garantiegeber, Marktrisiken der Basisindizes und des m枚glichen Kapitalverlusts.
|
Morgan Stanley Finance LLC Structured Investments |
Free Writing Prospectus to Preliminary Pricing Supplement No. 9,062 Filed pursuant to Rule 433 Registration Statement Nos. 333-275587; 333-275587-01 June 24, 2025 |
Market Linked Securities—Auto-Callable with Leveraged Upside Participation and Fixed Percentage Buffered Downside
Principal at Risk Securities Linked to the Lowest Performing of the Dow Jones Industrial AverageSM and the S&P 500® Index due July 2, 2030
Fully and Unconditionally Guaranteed by Morgan Stanley
Summary of terms
|
Issuer and guarantor |
Morgan Stanley Finance LLC (issuer) and Morgan Stanley (guarantor) |
|
Underlyings |
Dow Jones Industrial AverageSM (the “INDU Index”) and S&P 500® Index (the “SPX Index”) |
|
Pricing date* |
June 27, 2025 |
|
Original issue date* |
July 2, 2025 |
|
Face amount |
$1,000 per security |
|
Automatic call |
If, on the call date, the closing level of the lowest performing underlying is greater than or equal to its starting level, the securities will be automatically called for the call payment on the call settlement date. |
|
Call date* |
July 2, 2026 |
|
Call settlement date |
Three business days after the call date |
|
Call payment |
At least $1,070 per security, which corresponds to a call premium of at least 7.00% of the face amount (to be determined on the pricing date). |
|
Maturity payment amount (per security) |
If the securities are not automatically called prior to maturity, you will be entitled to receive on the maturity date a cash payment per security as follows: ●if the ending level of the lowest performing underlying is greater than its starting level: $1,000 + ($1,000 × index return of the lowest performing underlying × participation rate) ●if the ending level of the lowest performing underlying is equal to or less than its starting level but greater than or equal to its threshold level: $1,000 ●if the ending level of the lowest performing underlying is less than its threshold level: $1,000 + [$1,000 × (index return of the lowest performing underlying + buffer amount)] |
|
Index return |
For each underlying, (ending level - starting level) / (starting level) |
|
Lowest performing underlying |
The underlying with the lower index return |
|
Maturity date* |
July 2, 2030 |
|
Starting level |
For each underlying, the closing level on the pricing date |
|
Ending level |
For each underlying, the closing level on the calculation day |
|
Threshold level |
For each underlying, 70% of the starting level |
|
Buffer amount |
30% |
|
Participation rate |
115% |
|
Calculation day* |
June 27, 2030, subject to postponement for non-trading days and certain market disruption events. |
|
Calculation agent |
Morgan Stanley & Co. LLC, an affiliate of the issuer and the guarantor |
|
Denominations |
$1,000 and any integral multiple of $1,000 |
|
Agent discount** |
Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC will act as the agents for this offering. Wells Fargo Securities, LLC will receive a commission of up to $28.25 for each security it sells. Dealers, including Wells Fargo Advisors (“WFA”), may receive a selling concession of up to $20.00 per security, and WFA may receive a distribution expense fee of $0.75 for each security sold by WFA. |
|
CUSIP |
61778NBG5 |
|
Tax considerations |
See preliminary pricing supplement |
Hypothetical payout profile**
**assumes a call premium equal to the lowest possible call premium that may be determined on the pricing date
If the securities are not automatically called prior to maturity and the ending level of EITHER underlying is less than its threshold level, you will be exposed to any decline in the closing level of the lowest performing underlying beyond 30%. You may lose up to 70% of the face amount of your securities at maturity.
The face amount of each security is $1,000. This price includes costs associated with issuing, selling, structuring and hedging the securities, which are borne by you, and, consequently, the estimated value of the securities on the pricing date will be less than $1,000 per security. We estimate that the value of each security on the pricing date will be approximately $951.60, or within $40.00 of that estimate. Our estimate of the value of the securities as determined on the pricing date will be set forth in the final pricing supplement. See “Estimated Value of the Securities” in the accompanying preliminary pricing supplement for further information.
This document provides a summary of the terms of the securities. Investors should carefully review the accompanying preliminary pricing supplement referenced below, product supplement for principal at risk securities, index supplement and prospectus, and the “Selected risk considerations” on the following page, before making a decision to invest in the securities.
Preliminary pricing supplement:
https://www.sec.gov/Archives/edgar/data/895421/000183988225034399/ms9062_424b2-18721.htm
*Subject to change
** In addition, selected dealers may receive a fee of up to 0.3% for marketing and other services
The securities have complex features and investing in the securities involves risks not associated with an investment in ordinary debt securities. See “Selected risk considerations” in this term sheet and “Risk Factors” in the accompanying preliminary pricing supplement and product supplement. All payments on the securities are subject to our credit risk.
This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision.
The securities are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality, nor are they obligations of, or guaranteed by, a bank.
Selected risk considerations
The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement, product supplement for principal at risk securities, index supplement and prospectus. Please review those risk factors carefully.
Risks Relating to an Investment in the Securities
●The securities do not pay interest or guarantee the return of the face amount of your securities at maturity.
●If the securities are automatically called prior to maturity, the appreciation potential of the securities is limited by the fixed call payment specified for the call date.
●The market price will 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.
●Investing in the securities is not equivalent to investing in the underlyings.
●Reinvestment risk.
●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 face amount reduce the economic terms of the securities, cause the estimated value of the securities to be less than the face amount 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.
●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 maturity date may be postponed if the calculation day is postponed.
●Potentially inconsistent research, opinions or recommendations by Morgan Stanley, MSFL, WFS or our or their respective affiliates.
●The U.S. federal income tax consequences of an investment in the securities are uncertain.
Risks Relating to the Underlyings
●You are exposed to the price risk of each underlying.
●Because the securities are linked to the performance of the lowest performing underlying, you are exposed to greater risk of sustaining a loss on your investment than if the securities were linked to just one underlying.
●Adjustments to the underlyings could adversely affect the value of the securities.
●Historical levels of the underlyings should not be taken as an indication of the future performance of the underlyings during the term of the securities.
For more information about the underlyings, including historical performance information, see the accompanying preliminary pricing supplement.
Morgan Stanley and MSFL have filed a registration statement (including a prospectus, as supplemented by the applicable product supplement and the index supplement) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. You should read the prospectus in that registration statement, the applicable product supplement, the index supplement and any other documents relating to this offering that Morgan Stanley and MSFL have filed with the SEC for more complete information about Morgan Stanley, MSFL and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, Morgan Stanley, MSFL, any underwriter or any dealer participating in the offering will arrange to send you the applicable product supplement, index supplement and prospectus if you so request by calling toll-free 1-(800)-584-6837.
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo Finance LLC and Wells Fargo & Company.
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