| Issuer / Guarantor | Morgan Stanley Finance LLC |
|---|---|
| Size | USD 300mn |
| Type | Exchangeable into Taiwan Semi |
| Leads | Morgan Stanley |
| Maturity | 02 Feb 2029 (3 years) |
| Coupon | 0% (0%) |
| Premium | 37.5% (37.5%) |
| Calls | None |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (above or below threshold) |
| T/o protection | None |
| CoCo | None |
| Announced | 16 Jan 2026 |