Morgan Stanley Dual Index Defensive Kickout Plan December 2021

INVESTMENT DESCRIPTION

CURRENCY GBP

STRIKE DATE 21/12/2021

ISIN XS2386045160

COUNTERPARTY Morgan Stanley

TYPE Note

RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Defensive Autocall
Income Rate: GBP = 9.10% p.a.
Autocall Opportunities: Annually (First Observation at 12 months)
Autocall Trigger: 105% of initial level then reduced by 5% annually
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (European style)

MATURITY DATE
21/12/2022

FINAL MATURITY DATE
21/12/2027