Morgan Stanley Hang Seng Index Call Warrant (MS-HSI @EC2606A) (24052)

Morgan Stanley Hang Seng Index Call Warrant (MS-HSI @EC2606A) is a European-style, cash-settled standard call warrant issued by Morgan Stanley Asia Products Ltd. It provides investors with leveraged exposure to the upside potential of the Hang Seng Index, a key benchmark tracking major companies listed in Hong Kong. The warrant automatically exercises at expiry if the closing level of the relevant Hang Seng Index Futures contract exceeds the predetermined strike level, delivering a cash settlement amount calculated as the difference between the closing level and strike level, multiplied by the board lot size and index currency amount divisor. Traded in board lots of 10,000 warrants, it enables participation in index movements without owning the underlying stocks, offering gearing for amplified returns relative to the index performance. Its value is influenced by factors such as the index level, implied volatility, time to expiry, interest rates, and supply-demand dynamics. As a non-collateralized structured product with a finite lifespan, it carries risks including potential total loss if the index closes at or below the strike at expiry. Liquidity is supported by a designated provider under specified conditions.