Morgan StanleyGrowth NoteCatapult5 Years
Traded Oct 2026
Timeline
Last updated on Oct 23, 2026
Catapult Growth Note - Earn 75% in Year-1 or 4x in Year-5
Apple Inc
AAPL
Designs and sells consumer electronics, software, and digital services centered around an integrated ecosystem of devices and applications.
Market Cap
$5,010bn
3-Yr CAGR
21%
3-Yr Max DD
-19%
Ford Motor Company
F
Designs, manufactures, and sells cars, trucks, SUVs, commercial vehicles, and electric vehicles, alongside automotive financing services.
Market Cap
$48bn
3-Yr CAGR
6%
3-Yr Max DD
-30%
Nvidia Corp
NVDA
Designs AI GPUs and accelerated computing platforms powering data centers, gaming, robotics, and autonomous systems.
Market Cap
$5,340bn
3-Yr CAGR
64%
3-Yr Max DD
-21%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
Note is called in Year-1
75%
Underlier is up 20% at maturity
80%
Underlier is down 20% at maturity
0%
Underlier is down 60% at maturity
-60%
If the worst-performing underlier among AAPL, F, or NVDA, is flat or positive at the 1-Year observation, the note is called and the client receives a 75% return.
4x Uncapped Upside: If the note is not called and the worst-performing underlier has a positive return at year 5 maturity, investors receive 4x its positive performance. For example, a +10% return results in a +40% note return.
50% Maturity Barrier: If the worst-performing underlier flat or down by up to 50% at maturity, investors receive their full principal back.
If the worst-performing underlier is down more than 50% at maturity, investors bear losses in line with its performance. For example, a -60% return results in a -60% note return.