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Offering circular or prospectus
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Information on this website is not a product of Morgan Stanley’s Research Department and you should not regard it as a research report.
Conflicts of interest
Morgan Stanley may from time to time take hedging positions, deal and/or make a market in instruments identical or economically related to transactions entered into with investors. Morgan Stanley may also have an investment banking or other commercial relationship with the issuer(s) of securities or other interests related to transactions entered into with investors. Further, Morgan Stanley may undertake activities, including hedging transactions, which may affect the market price, rate, index or other market factors and, consequently, the value of the transaction entered into with investors. Morgan Stanley may act in their own commercial interest in these various capacities without regard to whether its interests conflict with those of the investors or any other party.
Investment in the products described in this website involves substantial risks. This section highlights a limited number of those risks but is not, and does not purport to be, a complete list of the risks inherent in an investment in any of the products described on this website. Investors should read the description of risk factors and investment considerations contained in the applicable Offering Documents carefully prior to making a decision to invest in a particular product.
Structured products are predominantly high risk investments subject to general market risks, such as interest rate risk, foreign exchange risk, political risk, corporate risk and credit risk.
Fluctuations in the price of the relevant underlyings and exchange rates of any relevant currencies will affect the value of the products.
Structured products have a limited life and may expire worthless. As such, investors should be prepared to sustain a loss.
The market for structured products may be limited due to lack of liquidity or low trading volume. As such, investors may have difficulty in selling such products prior to maturity and may not be able to hedge the risks involved in them.
Investors are exposed to the credit risk of the issuer(s) of the structured products.
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