Every 424B that Morgan Stanley (MS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow MS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MS filings page.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $2,005,000 of Dual Directional Buffered Jump Securities linked to the S&P 500® Index, maturing August 16, 2029. The $1,000-denomination notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley, with principal at risk.
At maturity, if the index is at or above the initial level of 7,748.50, investors receive principal plus a fixed $210 upside payment (21%), regardless of how high the index rises. If the index is below the initial level but at or above the buffer level of 6,198.80 (80% of initial), investors gain 400% of the absolute index decline, capped at an effective 80% positive return. If the index falls below the buffer, investors lose 1% of principal for each 1% decline beyond the 20% buffer, but not below a minimum payment of 20% of principal.
The issue price is $1,000 per security, while the estimated value on the pricing date is $988.50, reflecting structuring and hedging costs. The securities are unsecured obligations subject to Morgan Stanley’s credit risk, are not bank deposits or FDIC-insured, and may have limited or no secondary market liquidity.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering market-linked, principal-at-risk securities linked to the worst performer of Eli Lilly (LLY) and Johnson & Johnson (JNJ), maturing on August 16, 2029 and fully and unconditionally guaranteed by Morgan Stanley.
Each security has a $1,000 face amount, a price to the public of $1,000 and an estimated value at pricing of $958.10, reflecting embedded issuing, selling, structuring and hedging costs. The note is auto-callable on August 17, 2027 if both stocks are at or above their starting prices, paying a fixed call payment of $1,312 (a 31.20% return) and then terminating with no further payments.
If not called, at maturity investors receive: leveraged upside of 150% of the positive return of the lowest performing stock when that stock’s ending price is above its starting price; a contingent “absolute return” if the worst stock is below its starting price but at or above its threshold price (60% of start, e.g., $732.168 for LLY, $156.516 for JNJ), capped at an extra $400 per security; or a loss one-for-one with the negative return of the worst stock if it ends below its threshold, in which case more than 40% and up to all principal can be lost. The securities pay no interest, provide no dividends, involve issuer and guarantor credit risk, and may have limited or no secondary market liquidity.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Buffered Jump Securities with an auto-callable feature due August 15, 2031, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and issue price, with an aggregate principal amount of $1,747,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes may be automatically redeemed quarterly starting August 13, 2027 if the index closes at or above the call threshold level of 1,167.977 (85% of the 1,374.09 initial level), for fixed early redemption payments corresponding to about 11% per annum, rising from $1,110 to $1,540.833 per security over time. If not called and the final index level is at or above the buffer level (also 1,167.977), holders receive $1,550 per security at maturity. If the final level is below the buffer, repayment is reduced 1% for each 1% decline beyond the 15% buffer, but not below 15% of principal. The estimated value on the pricing date is $901.40 per security, reflecting embedded costs, and all payments are subject to Morgan Stanley’s and MSFL’s credit risk.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering S&P 500-linked Enhanced Buffered Jump Securities maturing August 17, 2032, in an aggregate principal amount of $494,000 at $1,000 per security. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
At maturity, if the S&P 500® final level is at or above the buffer level of 6,586.225 (85% of the 7,748.50 initial level), holders receive principal plus a fixed upside payment of $600 per security (60% return). If the final level is below the buffer level, principal is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal.
The securities are subject to Morgan Stanley’s credit risk, have limited upside, and can incur substantial loss of principal. The estimated value on the pricing date is $983 per security, below the issue price, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s funding rate.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $2,745,000 of Contingent Income Memory Buffered Auto-Callable Securities due August 15, 2031, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index and fully guaranteed by Morgan Stanley.
The notes pay a 10.10% annual contingent coupon only when the index closes at or above the coupon barrier of 1,030.568 (75% of the 1,374.09 initial level); missed coupons can be paid later if the barrier is met on a future observation date. The notes may be automatically redeemed on specified dates if the index is at or above the call threshold of 1,236.681 (90% of the initial level), returning principal plus coupons, after which no further payments are made.
If not redeemed early, principal is protected only down to the buffer level of 1,167.977 (85% of the initial level). Below that, investors lose 1% of principal for each 1% index decline beyond the 15% buffer, but not less than a 15% minimum payment at maturity. The issue price is $1,000 per note, while the estimated value on the pricing date is $901.90, and all payments are subject to Morgan Stanley’s credit risk.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering $2,097,000 of callable Contingent Income Securities due August 15, 2031, linked to the worst performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index. The notes pay a contingent coupon of 8.39% per annum only if on each observation date all three indices are at or above their coupon barrier levels, set at 70% of their initial levels. Principal is at risk: if at maturity any index is below its downside threshold level, set at 65% of its initial level, the repayment is reduced 1% for each 1% decline of the worst‑performing index and can fall to zero.
The issuer may redeem the notes early, in whole, on specified redemption dates if a risk neutral valuation model indicates that redemption is economically rational for the issuer; after redemption no further payments are made. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value of $950.80 per $1,000 note on the pricing date, reflecting issuance, selling, structuring and hedging costs and issuer credit spreads.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering $2,470,000 of fixed income buffered auto-callable securities linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount, pays a fixed coupon at 7.15% per annum with monthly payments, and matures on August 15, 2031, subject to an automatic early redemption feature.
The notes are automatically redeemed at par plus the coupon for the relevant period if, on any monthly redemption determination date starting August 11, 2027, the index closing level is at or above the call threshold, set at 100% of the initial level of 1,374.09. If held to maturity and not called, investors receive principal back only if the final index level is at or above the 85% buffer level of 1,167.977; below that, principal is reduced 1% for every 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal, plus the final coupon.
The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are subject to the issuer’s and guarantor’s credit risk. The estimated value on the pricing date is $917.90 per $1,000 security, reflecting embedded costs and dealer compensation of $47.50 per security and potential secondary market discounts, as well as complex tax and index-structure risks.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Buffered Jump Securities with an auto-callable feature linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each note has a $1,000 stated principal amount, with an aggregate principal of $2,130,000, issued at par.
The notes may be automatically redeemed quarterly from August 13, 2027 if the index closing level is at or above the 3,584.85 call threshold, paying an increasing early redemption amount that targets about 19.30% per annum, up to $1,948.917 per security on the last call date. If held to August 15, 2031 and not called, investors receive $1,965.00 if the final level is at or above the call threshold, par if above the 15% buffer but below the threshold, and a loss of 1% for each 1% decline beyond the 15% buffer, floored at 15% of principal.
The estimated value on the pricing date is $913.40 per security, below the issue price, reflecting structuring and hedging costs and issuer economics. Payments depend on Morgan Stanley’s credit; the complex underlier includes 4% per annum decrement, leverage, intraday rebalancing and has limited live history, and liquidity in the notes may be limited.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Jump Securities with an auto-callable feature linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, maturing on August 15, 2031. The notes have a $1,000 stated principal amount and an aggregate principal amount of $1,356,000, issued at $1,000 per security.
The notes pay no coupons. They auto-redeem on scheduled determination dates starting August 13, 2027 if the index closes at or above the call threshold of 2,867.88 (80% of the initial level 3,584.85), returning $1,120–$1,590 per security depending on the call date. If held to maturity and not called, investors receive $1,600 per security if the final level is at or above the call threshold, the principal if it is between the call threshold and the downside threshold of 1,971.668 (55% of initial), and principal reduced 1% for each 1% index decline below that threshold, potentially to zero.
The estimated value on the pricing date is $911.60 per security, below the issue price due to structuring, distribution and hedging costs. All payments are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and are subject to their credit risk.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is issuing principal-at-risk structured notes linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, maturing on August 15, 2031. Each security has a $1,000 stated principal amount, with an aggregate principal of $2,391,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay a contingent coupon at 10.75% per annum, but only if on each observation date the index level is at or above the coupon barrier of 961.863 (70% of the 1,374.09 initial level). Missed coupons can be paid later if the barrier is met, but may be lost entirely. The notes are auto-callable quarterly starting August 12, 2027 if the index is at or above the call threshold of 1,374.09 (100% of initial), returning principal plus due and unpaid coupons.
If held to maturity and not called, investors receive full principal only if the final index level is at or above the buffer level of 1,167.977 (85% of initial). Below this, repayment is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is $898.60 per security, below issue price, and all payments depend on Morgan Stanley’s credit.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $2,823,000 of Contingent Income Memory Buffered Auto-Callable Securities due August 15, 2031, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and issue price, with an estimated value on the pricing date of $899.20. The notes are unsecured, principal-at-risk obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley.
Investors may receive a 12.35% per annum contingent coupon only when the index closes at or above the 80% coupon barrier on an observation date, with unpaid coupons potentially paid later if conditions are met. The notes are automatically called if the index is at or above 100% of the initial level (1,374.09) on specified redemption determination dates, returning principal plus due coupons. If held to maturity and not called, principal is protected only down to the 85% buffer level; below that, investors lose 1% of principal for each 1% index decline beyond the 15% buffer, subject to a minimum maturity payment of 15% of principal. All payments depend on Morgan Stanley’s creditworthiness, and secondary market liquidity may be limited.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Dual Directional Buffered Participation Securities due August 31, 2027, linked to the worst performer of the Nasdaq-100 Index and the S&P 500 Index and fully guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest and exposes investors to principal at risk.
At maturity, if both indices finish above their initial levels, holders receive principal plus upside based on the worst performer, capped at a maximum payment of $1,103 (110.30% of principal). If the worst index is below its initial level but at or above its 80% buffer level, investors earn a positive “absolute return” up to 20%. If either index finishes below its buffer, principal is reduced by 1.25% for every 1% decline beyond the 20% buffer, with no minimum repayment, so the investment could lose all principal. The estimated value on the pricing date is about $986.10 per $1,000 note, reflecting issuance, structuring and hedging costs and Morgan Stanley’s funding rate.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk structured notes linked to the iShares Semiconductor ETF (SOXX), with a stated principal amount of $1,000 per security and full and unconditional guarantee by Morgan Stanley. These notes pay a contingent "memory" coupon at an annual rate of 23.60% on scheduled payment dates, but only if the ETF’s closing level on the relevant observation date is at or above the coupon barrier level.
The initial level is $550.74; both the coupon barrier and buffer level are set at 80% of that level ($440.592). The notes are automatically called at par plus applicable coupons if on any redemption determination date the ETF closes at or above the call threshold level (100% of the initial level). If held to maturity without early redemption and the final level is at or above the buffer, investors receive principal plus any payable coupons; if below the buffer, the payoff is reduced by 1.25% of principal for every 1% decline beyond the 20% buffer, with no minimum payment at maturity, so loss of the entire investment is possible.
The estimated value on the pricing date is approximately $984.10 per $1,000 note, reflecting issuance, selling, structuring and hedging costs and Morgan Stanley’s funding level. The securities expose investors to equity and sector risk specific to semiconductors, issuer and guarantor credit risk, potential illiquidity in the secondary market, and uncertain U.S. tax treatment, including possible withholding on coupons for non-U.S. holders.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $95,278,000 of Digital iShares MSCI South Korea ETF-Linked Notes due August 20, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and are principal-at-risk, with return tied to the iShares MSCI South Korea ETF.
For each $1,000 note, if the final ETF level on the determination date is at or above the Threshold Level of $130.496 (80% of the $163.12 initial level), holders receive a fixed Maximum Settlement Amount of $1,260 (126% of face). If the ETF falls more than 20%, maturity payment is reduced using a 1.25x Buffer Rate, and investors can lose up to their entire principal.
The price to the public is $1,000 per note, including selling and structuring costs; the underwriter’s commission is 0.76% of face, and estimated issuer value on the trade date is $1,022.40 per note. The notes are unsecured obligations of MSFL, not listed on any exchange, and all payments are subject to Morgan Stanley’s credit risk.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Performance Leveraged Upside Securities (PLUS) maturing October 5, 2027, whose return is linked to the SPDR® Gold Trust (GLD). Each security has a $1,000 stated principal amount, pays no interest and is fully and unconditionally guaranteed by Morgan Stanley. The notes are unsecured obligations and are part of MSFL’s Series A Global Medium-Term Notes program, with all payments subject to Morgan Stanley’s credit risk.
At maturity, if GLD has risen from the initial level, holders receive $1,000 plus 300% of the positive price change, capped at a maximum payment of $1,206.40 (120.64% of principal). If GLD is flat, repayment is $1,000. If GLD has fallen, investors lose 1% of principal for each 1% decline in GLD, with no minimum payment and the potential for a total loss of principal. The closing level of GLD cited is $400.96 on August 11, 2026. The estimated value on the pricing date is approximately $971.80 per security, below the $1,000 issue price due to issuing, selling, structuring and hedging costs. The issuer highlights significant market, credit, liquidity, commodity, and tax risks, including possible application of “constructive ownership” and Section 871(m) rules.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS) due August 22, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and pays no interest.
The payout is based on the worst performing of the Nasdaq-100 Index and the S&P 500 Index. If the worst performer finishes above its initial level, holders receive principal plus 116.25% of its gain. If it is at or below its initial level but at or above 75% of its initial level (a 25% buffer), holders receive only principal. Below the 75% buffer, principal is reduced 1% for each 1% further decline, down to a minimum repayment of 25% of principal. All payments are subject to Morgan Stanley’s credit risk, and the estimated value on the pricing date is about $978.70 per $1,000 security, reflecting structuring and hedging costs.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured Jump Notes with an auto-call feature due September 2, 2031, linked to the worst performer of Meta Platforms, Micron Technology and Space Exploration Technologies class A common stocks. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
The notes are automatically redeemed on September 5, 2028 for an early redemption payment of $1,460 per $1,000 note if on August 28, 2028 each stock’s closing level is at or above 90% of its initial level. If not called, at maturity investors receive $1,000 plus an upside payment equal to 125% of the price gain of the worst performing stock if all final levels exceed initial levels, or only principal back if any final level is at or below its initial level.
The estimated value on the pricing date is approximately $921.30 per note, reflecting issuance, selling, structuring and hedging costs borne by investors. The notes are subject to Morgan Stanley’s credit risk, will not be listed on any securities exchange and may have limited or no secondary market liquidity.
MORGAN STANLEY (through Morgan Stanley Finance LLC) is offering principal-at-risk Callable Contingent Income Securities due August 23, 2029 linked to the worst performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. Each security has a $1,000 stated principal amount and pays a 10.60% per annum contingent coupon only if, on each observation date, the closing level of every index is at or above its coupon barrier level, set at 70% of its initial level.
If the notes are not called and on the final observation date each index is at or above its downside threshold level (60% of its initial level), investors receive back the $1,000 principal plus any final coupon. If any index finishes below its downside threshold, the maturity payment is reduced by the full percentage decline of the worst performing index, and can fall to zero. The notes are callable in whole (but not in part) on scheduled redemption dates starting November 25, 2026 if a risk neutral valuation model indicates it is economically rational for the issuer to redeem; once redeemed, no further coupons are paid. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value on the pricing date of approximately $973.90 per $1,000, reflecting issuing, selling, structuring and hedging costs and a rate advantageous to the issuer. They are not bank deposits, not insured by the FDIC, may have limited or no secondary market liquidity, involve complex U.S. tax treatment (including potential 30% withholding on coupons for certain non-U.S. holders) and expose investors to Morgan Stanley’s credit risk.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS) due September 30, 2027, linked to the Russell 2000® Index. Each note has a stated principal amount and issue price of $1,000 and pays no periodic interest.
At maturity, if the index is above its initial level, holders receive $1,000 plus a leveraged upside of 110% of the index gain, capped at a maximum payment of $1,202.50 per security (120.25% of principal). If the index is between the initial level and a 10% buffer (90% of initial), investors receive only principal. Below the buffer, principal is reduced 1% for each 1% additional decline, but not below 10% of principal. The estimated value on the pricing date is approximately $988.40 per security, reflecting issuance, structuring and hedging costs. All payments are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are subject to the credit risk of Morgan Stanley.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $6,301,000 of Leveraged Buffered MSCI EAFE® Index-Linked Notes due January 28, 2028, fully and unconditionally guaranteed by Morgan Stanley. These unsecured notes pay no interest and expose investors to the price performance of the MSCI EAFE Index from the trade date on August 11, 2026 to the determination date on January 26, 2028.
For each $1,000 note, investors receive 160% of any positive index return, capped at a Maximum Settlement Amount of $1,208, corresponding to a 13% index gain over the initial level of 3,245.58. If the index falls but not below the Buffer Level of 87.50% of the initial level, principal is returned. Below the buffer, losses accelerate at a Buffer Rate of approximately 114.29%, with the potential to lose the entire investment.
The notes are issued at $1,000 per note, with an estimated value of $992.70 on the trade date, reflecting issuance, structuring and hedging costs and the issuer’s internal funding rate. The notes will not be listed on any exchange, secondary market liquidity may be limited, and all payments are subject to the credit risk of MSFL and Morgan Stanley.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk structured notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, maturing on August 14, 2031. Each security has a $1,000 stated principal amount and pays a contingent coupon at an annual rate of 11.50% only when the index on an observation date is at or above the coupon barrier level of 2,126.952 (60% of the initial level).
The notes may be automatically redeemed on scheduled dates if the index closes at or above the call threshold level of 3,544.92 (100% of the initial level), in which case investors receive $1,000 plus the applicable coupon and no further payments. If held to maturity and not called, investors receive principal back only if the final index level is at or above the downside threshold of 2,481.444 (70% of the initial level); otherwise, repayment is reduced one-for-one with the index decline and can fall to zero.
The aggregate principal amount is $254,000, and the estimated value on the pricing date is $915.80 per $1,000 security, reflecting embedded costs and Morgan Stanley’s pricing. Payments depend on Morgan Stanley’s and MSFL’s credit; the notes are unsecured, have limited liquidity, and do not provide any upside participation in index gains.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured, auto-callable "Jump Notes" due August 15, 2030, linked to the worst-performing of Berkshire Hathaway Class B, NVIDIA and Oracle common stocks. Each note has a $1,000 principal amount and is issued at $1,000, with an estimated value on the pricing date of $956 per note.
The notes pay no interest. On August 12, 2027, if each stock’s closing level is at least its initial level (the call threshold), the notes are automatically redeemed for $1,305 per note and terminate. If not called and, at maturity, each final stock level is above its initial level, holders receive principal plus an upside payment equal to 125% of the worst-performing stock’s percentage gain. If any final level is at or below its initial level, only principal is repaid. The notes are subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and secondary market liquidity may be limited.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering callable fixed-income structured securities due August 16, 2027 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, with a total aggregate principal amount of $2,085,000, and pays a fixed coupon at an annual rate of 9.70% with monthly payments.
The notes are linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices and do not guarantee return of principal. If the notes are not redeemed early and any index finishes below its downside threshold level, equal to 70% of its initial level, principal is reduced 1% for each 1% decline of the worst performer and can fall to zero, though the final coupon is still paid.
The issuer may redeem the notes in whole, but not in part, on specified redemption dates starting February 16, 2027, based solely on the output of a risk neutral valuation model that tests whether early redemption is economically rational for Morgan Stanley. The estimated value on the pricing date is $990.90 per $1,000 security, below issue price due to issuance, structuring and hedging costs. All payments are subject to Morgan Stanley’s and MSFL’s credit risk, and the securities are unsecured, uninsured obligations.
MORGAN STANLEY (symbol MS) is offering Morgan Stanley Finance LLC Enhanced Trigger Jump Securities, principal-at-risk structured notes linked to the S&P 500® Index. Each note has a $1,000 stated principal amount, with a fixed $100 (10%) upside payment at maturity if conditions are met.
If the S&P 500 final level on August 25, 2027 is at or above the downside threshold of 6,800.816 (88% of the 7,728.20 initial level), investors receive $1,100 per note, regardless of how much the index has risen. If the final level is below the threshold, repayment is $1,000 × (final level / initial level), giving a 1-for-1 loss with index declines and no minimum repayment; the investment can be entirely lost.
The notes pay no interest, are unsecured obligations of Morgan Stanley Finance LLC fully and unconditionally guaranteed by Morgan Stanley, and are subject to Morgan Stanley’s credit risk. The aggregate principal amount is $700,000, the issue price is $1,000 per note, and the issuer’s estimated value on the pricing date is $986.10 per note, reflecting embedded costs and dealer margins.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Buffered Participation Securities due November 16, 2027, linked to the worst performance of the Dow Jones Industrial Average and the S&P 500 Index. Each note has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $8,239,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay no interest. At maturity, if both indices finish above their initial levels, investors receive principal plus an upside payment based on a 100.50% participation rate in the appreciation of the worst-performing index. If either index is at or below its initial level but both remain at or above 85% of their initial levels, investors receive only principal back. If either index ends below 85% of its initial level, repayment is reduced 1% for each 1% decline of the worst-performing index beyond the 15% buffer, subject to a minimum payment of 15% of principal.
The notes are unsecured obligations of MSFL and subject to Morgan Stanley’s credit risk. The estimated value on the pricing date is $989.90 per note, below the issue price due to embedded costs. Liquidity may be limited, and tax treatment is uncertain, with the notes expected to be treated as prepaid financial contracts for U.S. federal income tax purposes.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley, through Morgan Stanley Finance LLC, is offering Enhanced Buffered Jump Securities due August 27, 2027, linked to an equally weighted basket of seven semiconductor-related stocks. The notes are unsecured, pay no interest, are fully and unconditionally guaranteed by Morgan Stanley, and place principal at risk.
Each $1,000 security offers a fixed upside payment of $174.50 (17.45%) if the final basket level on the August 24, 2027 observation date is at or above the 80% buffer level. If the final level falls below the buffer, holders lose 1.25% of principal for every 1% decline beyond the 20% buffer with no minimum repayment, so the investment could result in a total loss of principal.
The aggregate principal amount is $2.5 million, with an issue price of $1,000 and estimated value of $986.30 per security on the pricing date, reflecting issuance, selling, structuring and hedging costs. The notes are subject to Morgan Stanley’s credit risk, limited liquidity, complex U.S. tax treatment as prepaid financial contracts, and potential conflicts of interest in calculation, hedging and secondary market making.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering dual directional buffered participation securities linked to the S&P 500® Index, maturing September 16, 2027. Each note has a $1,000 stated principal amount, pays no interest, and is fully and unconditionally guaranteed by Morgan Stanley.
At maturity, if the index is above the initial level of 7,728.20, investors receive principal plus 100% of the index gain, capped at a maximum payment of $1,090 per note (109% of principal). If the index is at or below the initial level but at or above the buffer level of 6,182.56 (80% of initial), investors receive principal plus 50% of the absolute percentage decline, effectively capped at a 10% positive return. Below the buffer level, investors lose 1% of principal for each 1% decline beyond the 20% buffer, subject to a minimum payment of 20% of principal.
The total offering size is $3,045,000 at an issue price of $1,000 per note, with estimated value on the pricing date of $990.20. All payments are subject to Morgan Stanley’s credit risk, there may be limited or no secondary market, and U.S. tax treatment is uncertain, with a substantial risk the notes could be characterized as debt instruments for tax purposes.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Dual Directional Buffered Participation Securities linked to the worst performer of the Dow Jones Industrial Average and the S&P 500 Index, with a $1,000 stated principal amount per security and an aggregate principal amount of $4,603,000. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley, but are principal at risk.
At maturity on November 16, 2027, if both indices finish above their initial levels, investors receive principal plus upside based on the worst performer, capped at a maximum payment of $1,128.50 per security (112.85% of principal). If the worst performer is down but not below the 81% buffer level (a 19% buffer), investors earn a positive return equal to the absolute decline, up to a 19% gain. If either index ends below its buffer level, investors lose 1% of principal for each 1% decline in the worst performer beyond the 19% buffer, subject to a minimum payment of 19% of principal.
The issue price is $1,000 per security, with an estimated value of $990.20 on the pricing date, reflecting issuance, structuring and hedging costs. All payments depend on the credit of Morgan Stanley Finance LLC and Morgan Stanley, and the notes may be illiquid, with secondary prices affected by Morgan Stanley’s credit spreads and market factors.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $9,963,000 of Contingent Income Memory Auto-Callable Securities due August 16, 2032, linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index. The notes pay a contingent coupon at 17.80% per annum, but only for periods where the index’s closing level on the observation date is at or above the coupon barrier of 2,835.936 (80% of the 3,544.92 initial level); missed coupons can be paid later if the barrier is met.
The notes are automatically redeemed at par plus any due coupons if, on any redemption determination date starting August 11, 2027, the index is at or above the call threshold of 3,544.92 (100% of initial). If held to maturity without early redemption, investors receive par only if the final index level is at or above the downside threshold of 2,126.952 (60% of initial); below that, principal is reduced 1% for each 1% index decline, potentially to zero. The securities are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, with an estimated value on the pricing date of $938.50 per $1,000, and are subject to issuer credit risk, limited liquidity, a complex, newly established decrement index and uncertain tax treatment.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering contingent income auto-callable structured securities due February 16, 2028, linked to the worst performer of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index. The unsecured notes are fully and unconditionally guaranteed by Morgan Stanley and expose investors to principal loss.
Each $1,000 security pays a 6.25% per annum contingent coupon only if, on an observation date, all three indices are at or above their coupon barrier levels set at 75% of initial levels. The notes are automatically redeemed, starting November 11, 2026, if on a redemption determination date all indices are at or above their call thresholds at 90% of initial levels, returning principal plus the applicable coupon.
If not redeemed early, principal is repaid at maturity only if, on every trading day, each index stays at or above its downside threshold at 70% of initial and a trigger event never occurs. If any index ever falls below its downside threshold and at least one finishes below its initial level, maturity payment is reduced 1% for each 1% decline of the worst-performing index, down to zero. The aggregate principal amount is $1,967,000, issue price is $1,000 per security, and the issuer’s estimated value on the pricing date is $971.70 per security, reflecting embedded costs and issuer economics.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS) maturing November 16, 2027, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index. Each security has a $1,000 stated principal amount and issue price, within a total offering of $1,434,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay no interest. At maturity, if the final level of every index exceeds its initial level, holders receive $1,000 plus 157.50% of the appreciation of the worst-performing index. If any index is at or below its initial level but all remain at or above 85% of their initial levels (the buffer level), investors receive only the $1,000 principal. If any index falls below its buffer level, repayment is reduced dollar-for-dollar with losses of the worst-performing index beyond the 15% buffer, subject to a minimum payment of 15% of principal ($150 per $1,000).
The estimated value on the pricing date is $986.50 per security, reflecting issuance, structuring and hedging costs borne by investors, so secondary market values are expected to be below the $1,000 issue price. The securities are unsecured obligations subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley, offer no principal protection beyond the buffer and minimum payment, and may be illiquid, with secondary trading, if any, generally provided only by an affiliate dealer.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering $1,712,000 of Step-Down Jump Securities with an auto-call feature linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on August 15, 2030. Each security has a stated principal amount and issue price of $1,000 and is fully and unconditionally guaranteed by Morgan Stanley, with principal at risk and no periodic interest.
The notes may be automatically redeemed starting August 12, 2027 if all indices are at or above specified call threshold levels, paying early redemption amounts that correspond to a return of approximately 10.25% per annum. If held to maturity and each index is at or above its downside threshold level (70% of its initial level), investors receive $1,410 per security. If any index finishes below its downside threshold, repayment is reduced 1% for each 1% decline of the worst-performing index, potentially to zero. The estimated value on the pricing date is $982.50 per security, and all payments are subject to Morgan Stanley’s credit risk.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering $500,000 of Buffered Participation Securities linked to the Invesco DB Agriculture Fund, maturing on February 16, 2028. Each $1,000 security pays no interest and is fully and unconditionally guaranteed by Morgan Stanley, with principal at risk.
At maturity, investors receive upside exposure at a 100% participation rate if the fund’s final level exceeds the initial level, capped at a maximum payment of $1,189 per security. If the final level is between 90% and 100% of the initial level, principal is returned. Below 90% of the initial level, investors lose 1% of principal for each 1% decline beyond the 10% buffer, but not less than 10% of principal.
The initial level is $27.59 and the buffer level is $24.831. The estimated value on the pricing date is $972.50 per security, reflecting issuance, selling, structuring and hedging costs. The notes are unsecured obligations subject to Morgan Stanley’s credit risk and are designed for fee-based advisory accounts willing to accept limited upside and potential significant loss of principal.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured structured “Jump Notes with Auto-Callable Feature” maturing September 1, 2033, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
The notes automatically redeem on scheduled determination dates if the index level is at or above the 100% call threshold, returning the $1,000 principal plus a fixed early redemption payment that implies about 8.40% per annum, rising from $1,084 on the first call date to $1,567 on the last. Once redeemed, no further payments are made.
If never called and the final index level is above the initial level, investors receive $1,000 plus 100% participation in index appreciation; if the final level is at or below the initial level, only the $1,000 principal is repaid. The index includes a 4% per annum decrement and volatility targeting, and was established in 2022, so it has limited live history. The estimated value on the pricing date is about $930.90 per $1,000 note, reflecting embedded costs. The notes are subject to Morgan Stanley’s credit risk, will not be listed on an exchange, may have limited secondary liquidity, and are expected to be treated as contingent payment debt instruments for U.S. tax purposes.
Morgan Stanley, through Morgan Stanley Finance LLC, is offering Trigger PLUS notes due March 2, 2029, linked to the worst performer of the iShares Core S&P Mid-Cap ETF (IJH) and the Invesco S&P 500 Equal Weight ETF (RSP). The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley, with principal at risk.
At maturity, if the final level of each ETF is above its initial level, holders receive $1,000 plus a 121% leveraged upside based on the appreciation of the worst-performing ETF. If at least one ETF is at or below its initial level but both are at or above 70% of their initial levels, investors receive only the $1,000 principal. If either ETF closes below 70% of its initial level on the observation date, repayment is reduced 1% for each 1% decline of the worst performer, with no minimum payment; the entire investment can be lost.
The notes are unsecured obligations of MSFL, subject to the credit risk of both MSFL and Morgan Stanley. The estimated value on the pricing date is approximately $979.70 per $1,000 note, reflecting issuance, structuring and hedging costs and implying secondary market values below the issue price. Liquidity is expected to be limited and largely dependent on Morgan Stanley & Co. LLC making a market.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $3,350,000 of Step Down Trigger Autocallable Notes linked to the iShares® Semiconductor ETF, issued at $10 per Security and fully and unconditionally guaranteed by Morgan Stanley.
The notes have a term of about three years, maturing on August 15, 2029, with quarterly Observation Dates beginning August 19, 2027. They are automatically called if the ETF’s closing price is at or above the Initial Price of $546.61 on any of the first eight Observation Dates, or at or above the Downside Threshold of $355.30 (65% of the Initial Price) on the Final Observation Date. If called, investors receive $10 plus a fixed Call Return based on a 23.18% per‑annum Call Return Rate, rising to 69.54% (a Call Price of $16.954) if called at maturity.
The notes pay no interest, do not share in any ETF upside beyond the fixed Call Returns, and do not guarantee principal. If the notes are not called and the Final Price is below the Downside Threshold, repayment is $10 × (1 + Underlying Return), exposing investors to the full downside of the ETF and potentially a total loss of principal. The estimated value on the trade date is $9.92 per Security, below the $10 issue price due to issuing, structuring and hedging costs. All payments are subject to Morgan Stanley’s credit risk, and secondary market liquidity is expected to be limited.
MORGAN STANLEY (symbol MS), through Morgan Stanley Finance LLC, is offering principal-at-risk structured notes called Contingent Income Memory Auto-Callable Securities due February 17, 2028 linked to the iShares Semiconductor ETF. Each security has a $1,000 stated principal and issue price, pays a contingent coupon at 13.45% per annum only when the ETF’s closing level is at or above a coupon barrier set at 50% of the initial level, and may automatically redeem on specified dates if the ETF is at or above a call threshold set at 100% of the initial level. If not called, and the final level is at or above a downside threshold of 50% of the initial level, investors receive principal back plus any due contingent coupons; if below, repayment is reduced in proportion to the ETF’s decline, potentially to zero. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value on the pricing date of approximately $975.80 per security versus the $1,000 issue price, and include $15 in selling commission per security.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured, auto-callable structured “Jump Notes” due August 24, 2033, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. The notes pay no interest and return principal at maturity if not called and if the final index level is equal to or below the initial level.
If the notes are not automatically redeemed and the final index level exceeds the initial level, holders receive the $1,000 principal plus 100% of the index’s positive return. Starting August 26, 2027, the notes are subject to automatic early redemption on scheduled determination dates if the index closes at or above 100% of its initial level, for fixed cash payments corresponding to approximately 8.25% per annum (e.g., $1,082.50 on the first call date, rising over time).
The estimated value on the pricing date is approximately $928.10 per $1,000 note, reflecting embedded issuing, selling, structuring and hedging costs and Morgan Stanley’s funding rate. The notes are guaranteed by Morgan Stanley, subject to its credit risk, will not be listed on an exchange, may have limited secondary liquidity, and are expected to be treated as contingent payment debt instruments for U.S. tax purposes.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering Trigger PLUS structured notes due August 21, 2031, linked to the worst performer among the iShares S&P 500 Growth ETF, the S&P 500 Equal Weight Index and the S&P 500 Index. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
Each $1,000 note offers 183% leveraged upside if the worst performing underlier finishes above its initial level on the August 18, 2031 observation date. If all underliers are at or above 70% of their initial levels but any is at or below its initial level, investors receive only principal back. If any underlier finishes below 70% of its initial level, repayment is reduced 1% for each 1% decline in the worst performer, with no minimum, so principal can be fully lost.
The estimated value on the pricing date is approximately $993.10 per $1,000 note, reflecting issuance, structuring and hedging costs and Morgan Stanley’s funding rate. All payments depend on Morgan Stanley’s and MSFL’s credit; the notes are unsecured, unsubordinated obligations and are not bank deposits or FDIC insured.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (PLUS) due August 21, 2031, linked to the worst performer among the iShares S&P 500 Growth ETF, the S&P 500 Equal Weight Index and the S&P 500 Index. Each note has a $1,000 stated principal amount and pays no interest.
At maturity, if every underlier finishes above its initial level, holders receive $1,000 plus a leveraged return equal to 168% of the gain of the worst-performing underlier. If at least one underlier is at or below its initial level but all remain at or above the 75% buffer level (a 25% buffer), investors receive only $1,000. If any underlier ends below its buffer level, investors lose 1.3333% of principal for each 1% decline of the worst performer beyond the 25% buffer, with no minimum repayment; principal loss can be total.
The notes are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and all payments are subject to their credit risk. The estimated value on the pricing date is approximately $993.30 per $1,000 note, reflecting issuer costs, which may reduce secondary market prices and liquidity.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $3,240,000 of Step Down Trigger Autocallable Notes linked to the iShares Semiconductor ETF. The notes pay no interest and are fully principal-at-risk unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley.
Beginning August 19, 2027, on quarterly Observation Dates, the notes are automatically called if the ETF’s closing price is at or above the $546.61 Initial Price on any of the first eight dates, or at or above the $355.30 Downside Threshold on the final date. If called, investors receive $10 principal plus a fixed Call Return based on a 21.64% per annum Call Return Rate (up to a 64.92% Call Return, or $16.492, at final call).
If the notes are not called and the Final Price is below the Downside Threshold, repayment at maturity is $10 × (1 + Underlying Return), resulting in a loss proportionate to the full decline in the ETF, down to a total loss of principal. Investors do not participate in any ETF upside beyond the fixed Call Returns, face limited or no secondary market liquidity, and bear Morgan Stanley credit risk. The issue price is $10 per note, with an estimated value on the trade date of $9.77.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk structured notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, with a stated principal amount and issue price of $1,000 per security and an estimated value on the pricing date of approximately $954.20 per security.
The notes pay a contingent coupon at 16.40% per annum, but only if the index closing level on an observation date is at or above the 70% coupon barrier; missed coupons may be paid later if the barrier is met. The notes are automatically called if on any redemption determination date the index is at or above 100% of the initial level, returning principal plus the relevant coupon and any unpaid coupons, with no further payments.
If not called, at maturity in August 2031 investors receive principal back only if the final index level is at or above the 60% downside threshold; otherwise, repayment is reduced 1% for each 1% index decline, potentially to zero. Investors do not participate in index upside, face Morgan Stanley credit risk, limited or no secondary liquidity, and complex, uncertain tax treatment.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities linked to the S&P 500® Index, maturing September 30, 2027. Each security has a $1,000 stated principal amount, pays no interest and is an unsecured obligation of MSFL, fully and unconditionally guaranteed by Morgan Stanley.
At maturity, investors receive leveraged upside of 110% of any S&P 500® gain, capped at a maximum payment of $1,147.50 (114.75% of principal). Losses begin if the index falls more than the 10% buffer; the minimum payment is 10% of principal. All payments depend on Morgan Stanley’s credit.
The estimated value on the pricing date is approximately $989.10 per security, below the $1,000 issue price due to issuance, structuring and hedging costs. Liquidity may be limited, with secondary prices influenced by Morgan Stanley’s credit spreads, market volatility and dealer pricing models, and U.S. tax treatment is described as uncertain.