Issued by Morgan Stanley
Dual-Directional Catapult Growth Note - Earn 61% if called in Year-1 or 2x uncapped upside participation at Maturity
This offering is available to accredited investors.
Apple Inc
AAPL
Designs and sells consumer electronics, software, and digital services centered around an integrated ecosystem of devices and applications.
Market Cap
$4,520bn
3-Yr CAGR
17%
3-Yr Max DD
-19%
Advanced Micro Devices Inc
AMD
Designs high-performance CPUs, GPUs, and adaptive computing chips for PCs, data centers, gaming, and embedded systems.
Market Cap
$845bn
3-Yr CAGR
67%
3-Yr Max DD
-49%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
Note is called at Year-1
61%
Stock is up 20% at Maturity
40%
Stock is down 20% at Maturity
20%
Stock is down 60% at Maturity
-60%
If the note is called after Year 1, it ends early and investors receive a 61.0% return.
If not called, the note provides 2X uncapped upside participation based on the least-performing underlier at maturity.
Dual-Directional: If the lesser-performing underlier is down 1%-50%, the investor receives the absolute return of that decline.
Example: if underlier is down -30%, you receive +30%.
If the lesser-performing underlier is down more than 50% at maturity, losses are one-for-one from the underlier’s initial level.
Minimum Investment
$25,000
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Sign In| Product | Growth |
| Issuer | Morgan Stanley |
| Term | 3Y |
| Non-Call Period | 1Y |
| Protection Type | barrier |
| Principal Protection | 50% at Maturity |
| Initial Call Premium | 61% if called at Year-1 |
| Upside Participation | 2x uncapped |
| Downside Participation |
| 1x downside participation up to 50% |
| Trade Date | Aug 21, 2026 |
| Maturity Date | — |