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 Finance LLC is offering Structured Investments Enhanced Buffered Jump Securities, unsecured notes fully and unconditionally guaranteed by Morgan Stanley, with an aggregate principal amount of $2,132,000 issued at $1,000 per security. The securities have an original issue date of March 30, 2026 and mature on April 29, 2027.
Payments are linked to the worst performing of the Russell 2000®, S&P 500® and Nasdaq-100® Technology Sector indices. If the worst performing underlier finishes at or above its buffer level (85% of initial), holders receive the stated principal plus an upside payment of $142.50 (14.25%). If the worst performing underlier finishes below its buffer, investors lose 1% of principal per 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal.
Morgan Stanley Finance LLC priced Principal-at-Risk structured notes (Buffered Jump Securities) fully guaranteed by Morgan Stanley. The offering is for $3,322,000 aggregate principal in $1,000-denominated securities, issue price $1,000 and estimated value on the pricing date of $974.10 per security.
The notes are tied to the worst-performing of the Russell 2000®, the S&P 500® Equal Weight and the S&P 500® and feature a 20% buffer, a 1.25 downside factor, a 200% participation rate, and an automatic early redemption test on March 29, 2027. Maturity is March 29, 2029. Payments depend on final index levels and are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC offers $1,940,000 of structured notes (stated principal $1,000 per security) — buffered step-down jump securities due March 29, 2029 with an automatic early redemption feature tied to the worst performing of the XLP Fund, RSP Fund and RTY Index.
The securities pay no regular interest, provide a 15% buffer before investors begin to incur losses, a minimum payment at maturity of 15% of principal and fixed early redemption payments corresponding to approximately 12.45% per annum if call thresholds are met on scheduled determination dates beginning March 29, 2027. All payments are subject to Morgan Stanley Finance LLC’s and Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC priced a structured note offering of $300,000 aggregate principal (stated principal $1,000 per security) comprised of Principal at Risk Callable Contingent Income Memory Securities due March 29, 2029, fully guaranteed by Morgan Stanley.
Each security pays a contingent coupon at an annual rate of 8.85% on observation dates only if all three underliers (Nasdaq-100, Russell 2000, S&P 500) close at or above their coupon barrier levels (70% of initial levels). The notes are linked to the worst performing underlier, carry a downside threshold at 60% of initial levels, permit issuer call based on a risk-neutral valuation model beginning June 30, 2026, and expose investors to full issuer credit risk and potential loss of principal.
Morgan Stanley Finance LLC priced principal-at-risk notes linked to the EURO STOXX 50® Index with a $1,000 stated principal per security and maturity on April 16, 2031. The notes pay no interest; at maturity investors receive $1,000 plus the greater of (i) the percent change in the index applied to principal or (ii) an upside payment of $390 (39%) if the final level is at or above the downside threshold (75% of the initial level). If the final level is below the 75% downside threshold, investors lose 1% of principal per 1% decline in the underlier and could lose the entire investment. Issue price is $1,000 with an estimated value of approximately $955.60 on the pricing date; agent commission is $30 per security. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC prices Principal-at-Risk auto-callable notes linked to Palantir Technologies Inc. class A common stock with a $1,000 stated principal per security and an aggregate principal amount of $738,000.
The securities pay a contingent coupon at an annual rate of 23.00% on observation dates if the underlier meets the coupon barrier of $92.976 (60% of the initial level). They may be automatically redeemed early if the underlier reaches the call threshold of $154.96 (100% of the initial level) on redemption determination dates. At maturity, if the final level is below the downside threshold of $77.48 (50% of the initial level), principal is reduced proportionally to the underlier’s decline.
Morgan Stanley Finance LLC offers contingent income auto-callable securities due April 14, 2031. Each security has a $1,000 stated principal amount and a contingent annual coupon of 11.90% payable only when the closing level of each underlier meets its coupon barrier on observation dates. The securities reference the Dow Jones Industrial Average, the Nasdaq-100 and the Russell 2000 and are fully and unconditionally guaranteed by Morgan Stanley.
The notes may be automatically redeemed starting on the first redemption determination date of April 8, 2027 if each underlier is at or above its call threshold (100% of initial level). Coupon barriers are set at 80% of initial levels and downside thresholds at 70%. If not auto-redeemed, maturity payment returns the stated principal only if each final level is at or above its downside threshold; otherwise investors suffer a loss equal to the decline in the worst performing underlier.
Morgan Stanley Finance LLC offers Buffered PLUS principal-at-risk securities due March 28, 2031 linked to the S&P 500® Futures Excess Return Index with an aggregate principal amount of $1,000,000.
Each security has a stated principal amount of $1,000, an original issue price of $1,000, an estimated value on the pricing date of $942, a 145% leverage factor on upside, a 30% buffer (buffer level = 373.079), and a minimum payment at maturity of 30% of principal. Payments are fully and unconditionally guaranteed by Morgan Stanley and are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC priced a series of principal-at-risk, contingent income auto-callable notes due April 14, 2027 linked to Alphabet Inc. Class A common stock and fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and a contingent annual coupon of 11.00% payable only if observation-date barriers are met.
The notes can auto-redeem on specified determination dates beginning July 2, 2026 if the closing level of the underlier is at or above the call threshold (100% of the initial level). If not auto-redeemed, principal at maturity depends on the final level relative to the downside threshold (70% of the initial level); declines below that level produce proportional principal loss.
Morgan Stanley Finance LLC priced $674,000 aggregate of Buffered Participation Securities, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an issue price of $1,000 per security; the estimated value on the pricing date was $967.80. The securities mature on March 30, 2028 and reference the MSCI EAFE® Index.
Key economic terms: 100% participation rate in positive index performance subject to a $1,421.50 maximum payment (142.15% of principal), a 10% buffer (buffer level = 90% of initial level), and a 10% minimum payment at maturity. Agent commissions were $22.50 per security and proceeds to the issuer were $977.50 per security.
Morgan Stanley Finance LLC issues callable contingent income securities. The securities are $1,000 each with an aggregate principal of $452,000, an estimated value on the pricing date of $933.40 and an original issue price of $1,000 per security. They pay a contingent coupon at an annual rate of 7.85% only when the closing level of each underlier (Dow Jones Industrial Average, Nasdaq-100, Russell 2000) is at or above its coupon barrier (70% of initial level) on observation dates. The downside threshold is 65% of each initial level; if the final level of any underlier is below that threshold, payment at maturity equals the stated principal multiplied by the performance factor of the worst performing underlier, potentially resulting in a significant loss of principal or a zero payout. The notes mature on March 28, 2031 and may be called in whole on specified redemption dates beginning March 30, 2027 if a risk neutral valuation model indicates redemption is economically rational. All payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced $250,000 of Fixed Rate Callable Notes due March 30, 2033. The notes pay 4.550% per annum, semi‑annual, with an initial interest payment on September 30, 2026. The issuer may redeem the notes in whole (not in part) on semi‑annual redemption dates beginning March 30, 2027, if a risk‑neutral valuation model run (using specified inputs) determines redemption is economically rational. Redemption price is 100% of principal plus accrued interest. Issue price is $1,000 per note; estimated value at pricing was $955.10. Agent commission is $7.50 per note; proceeds to issuer total $248,125.
Morgan Stanley Finance LLC priced a preliminary offering of structured, principal‑at‑risk notes: Enhanced Trigger Jump Securities due October 5, 2027 linked to the worst performing of the Dow Jones Industrial Average, Nasdaq‑100 and Russell 2000.
The securities have a $1,000 stated principal amount and an issue price of $1,000 per security, an estimated value on the pricing date of approximately $962.60, a fixed upside payment of $152.50 (15.25%) and a downside threshold equal to 70% of each index’s initial level. The observation date is September 30, 2027 (subject to postponement) and the maturity date is October 5, 2027. Payment at maturity is based solely on the worst performing underlier and investors may lose up to 100% of principal if that underlier falls below its downside threshold.
Morgan Stanley Finance LLC is offering market-linked notes due April 13, 2028, fully guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and pays no interest; at maturity investors receive principal and an upside payment equal to the underlier percent change × 100% participation, capped at a $1,110 maximum payment (111% of principal). The underlier is the S&P 500® Futures Excess Return Index with a strike/observation framework from April 10, 2026 to April 10, 2028. The estimated value on the pricing date was approximately $963.10 per note. All payments are subject to Morgan Stanley credit risk; the notes will not be listed and may have limited secondary liquidity.
Morgan Stanley Finance LLC priced a preliminary offering of principal-at-risk, contingent-income, memory auto-callable securities tied to the Class A common stock of Meta Platforms, Inc. The securities have a $1,000 stated principal per security, an issue price of $1,000, and a contingent coupon at an annual rate of 12.90%. Pricing and strike dates are April 2, 2026 with original issue date April 7, 2026 and maturity on October 7, 2027. Observation dates and possible automatic early redemption start with a first redemption determination date of July 2, 2026. Coupon and downside barrier levels are specified as 60% of the initial level; the call threshold is 100% of the initial level. Estimated value on the pricing date is approximately $975.30 per security; agent commission is $15 per security.
Morgan Stanley Finance LLC offers Structured Investments — Enhanced Trigger Jump Securities due April 22, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal and an upside payment of $645. The securities pay no interest and are linked to the worst performing of the EURO STOXX 50® Index, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF. At maturity the payout is determined by the worst performing underlier versus predefined upside and downside threshold levels (75% and 65% of initial levels, respectively). The estimated value on the pricing date was approximately $903.10 per security; the original issue price is $1,000, which includes issuance, sales, structuring and hedging costs borne by investors.
Morgan Stanley Finance LLC is offering Trigger Jump Securities linked to Applied Materials, Inc. common stock due November 3, 2027. Each security has a stated principal of $1,000 and a fixed upside payment of $544.30 (54.43%) if the final share price is at or above the initial share price. If the final share price is between the initial price and 70% of the initial price, investors receive $1,000. If the final share price is below 70% of the initial price, the maturity payment equals $1,000 times the share performance factor and may be significantly less, possibly zero. Estimated value on the pricing date was approximately $960.70. All payments are subject to issuer credit risk and there is no interest or guaranteed principal return.
Morgan Stanley Finance LLC priced Principal-at-Risk auto-call notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, with a stated issue price of $1,000 per security and a final maturity of April 7, 2031. The notes pay a contingent coupon of 15.30% per annum on observation dates only if the underlier meets the coupon barrier (70% of the initial level). The securities are automatically redeemed early if the underlier is at or above the call threshold (100% of the initial level) on any redemption determination date. At maturity, if the final level is below the downside threshold (60% of the initial level), investors suffer proportional principal loss (payment = $1,000 × final/initial). The estimated value on the pricing date was approximately $942.10 per security. All payments are subject to the issuer’s and guarantor’s credit risk; these securities do not guarantee principal and could pay no coupons.
Morgan Stanley Finance LLC is offering principal-at-risk, contingent-income auto-callable securities linked to Blackstone Inc. common stock with a stated principal amount of $1,000 per security. The securities mature on March 29, 2029, pay a contingent coupon at 14.35% per annum when observation thresholds are met, and are fully and unconditionally guaranteed by Morgan Stanley. The initial level and call threshold were $109.63 (strike date March 26, 2026); the coupon barrier and downside threshold are $54.815 (50% of initial). Estimated value on the pricing date was approximately $966.20 per security. The securities can auto-redeem beginning with the first redemption determination date September 28, 2026, and investors bear full principal risk and issuer credit risk.
Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities due March 29, 2029, fully guaranteed by Morgan Stanley. The offering totals $2,879,000 at a $1,000 face amount per security; the estimated value on the pricing date is $957.00 per security. The notes are auto-callable on the March 30, 2027 call date for a fixed $1,500 call payment (a 50% call premium). If not called, payout depends on the lowest-performing stock among Palantir, Alphabet (Class C) and Netflix with a 300% participation rate on positive returns, a 50% threshold (losses beyond which investors absorb full downside) and full issuer credit risk.
Morgan Stanley Finance LLC priced a structured market-linked offering of principal-at-risk securities due March 29, 2029, fully guaranteed by Morgan Stanley. The offering is sold at $1,000 per security with aggregate price to public of $525,000 and estimated value per security of $963.20. The securities pay at maturity based on the performance of the lowest performing of three ETFs (OIH, XOP, XLE), feature a 228.00% participation rate for positive returns and an 85% threshold 15% loss triggers downside exposure). The pricing date was March 25, 2026 and the calculation day is set for March 26, 2029, with the original issue date on March 30, 2026. All payments are subject to the issuer’s credit risk; secondary market liquidity and tax treatment are noted as uncertain.
Morgan Stanley Finance LLC offers Principal at Risk auto-callable notes due March 30, 2028, fully guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security and an issue price of $1,000.
The notes reference the S&P 500® Index with an initial level of 6,477.16 (strike date March 26, 2026). They feature an automatic early redemption on the first determination date (April 8, 2027) if the closing level is ≥ the call threshold (6,477.16), for an early redemption payment of $1,132.20. If not called, maturity payoff depends on the final level: upside participation is 150% of appreciation, principal is preserved only if final level ≥ the downside threshold (5,181.728, 80% of initial level), and investors bear full downside below that level (1% loss per 1% decline).
The estimated value on the pricing date was approximately $977.90 per security. Placement agent fees may be up to $15 per security, leaving estimated proceeds of $985 per security to the issuer before hedging and other adjustments. All payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC is offering 500,000 units of Autocallable Contingent Coupon (with Memory) Barrier Notes linked to the Global X Uranium ETF, due April 3, 2029. Each unit has a $10 principal amount and an original issue price of $10. The notes pay quarterly contingent coupons of $0.502 per unit (20.08% per annum per the single‑period rate), subject to observation‑date barriers and an automatic call feature beginning about one year after pricing.
The notes expose holders to 1‑for‑1 downside at maturity if the Ending Value is below the Threshold Value (80% of the Starting Value), and all payments are subject to the credit risk of MSFL and Morgan Stanley. The initial estimated value on the pricing date was $9.395 per unit. Secondary market liquidity may be limited.
Morgan Stanley Finance LLC priced $6,853,000 of Capped Leveraged Buffered Basket-Linked Notes due July 9, 2027, fully guaranteed by Morgan Stanley. Each note has a $1,000 Face Amount, an Upside Participation Rate of 230%, a Cap Level of 109.80% (Maximum Settlement Amount $1,225.40 per $1,000) and a Buffer of 12.50% (Buffer Level 87.50%). The notes reference a weighted basket of five international equity indices (EURO STOXX 50, TOPIX, FTSE 100, SMI, S&P/ASX 200). Trade Date is March 24, 2026, Original Issue Date March 27, 2026, and Determination Date July 7, 2027. The issuer estimates the Trade Date value at $994.40 per note. Principal is at risk: if the Final Basket Level falls below the Buffer Level, holders may lose some or all principal; upside is capped.
Morgan Stanley Finance LLC priced a structured note offering: Buffered Jump Securities with an automatic early‑call feature and downside participation, fully and unconditionally guaranteed by Morgan Stanley. The issue comprises an aggregate principal amount of $3,000,000 (stated principal amount $1,000 per security) and has an original issue date of March 27, 2026.
The securities reference a four‑stock basket (Apollo, Blackstone, Ares, KKR) with equal 25% weightings, an initial level of 100, a buffer level of 85 (15% buffer) and a downside factor of 1.1765. A first determination date of April 5, 2027 can trigger automatic early redemption at $1,242.50 per security; final determination is March 23, 2028 with maturity on March 28, 2028. The participation rate is 150% and the upside payment is $485 per security. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced $1,000 principal-at-risk buffered jump securities due March 30, 2028, fully guaranteed by Morgan Stanley. The notes link to the worst performing of the S&P 500® and Dow Jones Industrial Average, offer automatic early redemption on specified determination dates, a 15% buffer and a 15% minimum payment at maturity. Estimated value on the pricing date was $970.50 per security and the aggregate principal amount issued is $799,000. All payments are subject to the issuer’s credit risk.
Morgan Stanley Finance LLC priced principal-at-risk, auto-callable step-down notes linked to Microsoft common stock. Each note has a $1,000 stated principal amount and $1,000 issue price; aggregate issued was $397,000. The notes can auto‑redeem on the first determination date for $1,179, or pay $1,358 at maturity if thresholds are met; otherwise principal is exposed to declines below a 90% downside threshold.
Morgan Stanley Finance LLC priced an offering of Principal-at-Risk structured notes totaling $1,650,000, fully and unconditionally guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount per security, an issue price of $1,000 and an estimated value on the pricing date of $938.30.
The securities are linked to the worst performing of the XLK Fund, the EURO STOXX 50 and the Russell 2000, carry a 150% participation rate on the upside, feature an automatic early redemption test on March 25, 2027 with an early redemption payment of $1,366, and mature on June 28, 2029. If any underlier is below its downside threshold (~75% of initial level) at maturity, principal is reduced in proportion to the worst performing underlier.
Morgan Stanley Finance LLC priced contingent-income auto-callable securities totaling $610,000 aggregate principal. The notes are principal-at-risk, $1,000 per security, issued March 27, 2026 and maturing September 29, 2027. They pay an 8.00% contingent coupon only if both underliers meet coupon barriers on observation dates and are linked to the worst-performing of the XLE and XOP ETFs. If not auto-redeemed, principal is repaid at maturity only if both final levels meet the downside thresholds (60% of initial levels); otherwise investors suffer a loss equal to the percentage decline of the worst-performing underlier.
Morgan Stanley Finance LLC issues callable Principal‑at‑Risk securities due March 29, 2029. The notes pay a 10.00% contingent coupon per annum only if each underlier meets its coupon barrier on observation dates. The securities are linked to the worst performing of the Nasdaq‑100 Technology Sector, Russell 2000 and S&P 500. At maturity investors receive the stated principal of $1,000 per security only if each underlier is at or above its downside threshold (approximately 65% of initial levels); otherwise repayment equals principal × performance factor of the worst performing underlier, which could be zero. The notes are callable beginning on June 29, 2026 based on a risk neutral valuation model. Issue price is $1,000 (estimated value on pricing date $952.40); aggregate principal offered is $929,000. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC priced a $275,000 aggregate offering of Trigger PLUS principal-at-risk notes linked to the S&P 500® Futures Excess Return Index with a stated principal amount of $1,000 per security. The securities mature on March 27, 2031, use an observation date of March 24, 2031, and pay at maturity either (1) the stated principal plus a 203% leverage of any underlier appreciation, (2) the stated principal if the final level is at or above a 70% downside threshold, or (3) a loss proportional to any decline below that threshold (up to a total loss of principal). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; market and credit risks apply and there is no guaranteed minimum payment at maturity. The estimated value on the pricing date was $957.80 per security and the securities were offered at $1,000 (agent commission disclosed).
Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to The Goldman Sachs Group, Inc. common stock. Each note has a $1,000 stated principal amount and the aggregate offering is $3,280,000. The notes pay a contingent coupon of 14.05% per annum on observation dates when the underlier is at or above the coupon barrier of $585.004 (70% of the initial level) and are automatically redeemed early if the underlier is at or above the call threshold of $835.72 on any redemption determination date. At maturity, if the final level is below the downside threshold of $585.004, principal is reduced proportionally (payment = principal × final level/initial level). All payments are subject to issuer credit risk and the estimated value at pricing was $959.60 per security.
Morgan Stanley Finance LLC priced a structured, principal‑at‑risk auto‑callable security. The securities have a $1,000 stated principal per security, aggregate principal of $516,000, and an estimated value on the pricing date of $952.30. Automatic early redemption begins on the first determination date, March 25, 2027, and maturity is March 29, 2029. Payouts reference the worst performing of the Dow Jones Industrial, the Nasdaq‑100® Technology Sector, and the Russell 2000® Index, with a downside threshold equal to 70% of initial levels and a maximum payment at maturity of $1,445.50 if all underliers meet call thresholds.
Morgan Stanley Finance LLC issues callable, principal-at-risk notes tied to Micron Technology stock, offering an aggregate principal amount of $1,174,000. Each security has a stated principal amount of $1,000 and an original issue price of $1,000; the estimated value on the pricing date was $979.80 per security. The notes pay a contingent coupon at an annual rate of 25.35% on each coupon payment date only if the underlying closing level is at or above the coupon barrier of $197.765 (50% of the initial level). The notes are callable beginning September 29, 2026 based on the output of a risk neutral valuation model selected by the calculation agent; if not called, maturity is September 29, 2027. At maturity, if the final level is below the downside threshold of $197.765, investors incur a loss equal to the percentage decline in Micron's closing level (payment = stated principal × performance factor). All payments are subject to Morgan Stanley Finance LLC's and Morgan Stanley's credit risk.
The document is a pricing supplement for Principal at Risk notes issued by Morgan Stanley Finance LLC and fully guaranteed by Morgan Stanley. The notes (stated principal $1,000 each) are linked to the VanEck® Gold Miners ETF and pay a contingent coupon only when the ETF closes at or above a coupon barrier on scheduled observation dates.
The notes can be automatically called if the ETF closes at or above the call threshold on any redemption determination date; otherwise, at maturity investors either receive principal or suffer losses pro rata if the final level is below the downside threshold. All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC is offering buffered, auto-callable principal-at-risk notes linked to the Amplify Junior Silver Miners ETF. Each security has a stated principal amount of $1,000 and an original issue price of $1,000 with an estimated value on the pricing date of approximately $955.30. The securities may be automatically redeemed on the first determination date (April 9, 2027) for an early redemption payment (at least $1,440 per security). If not redeemed, maturity mechanics (final determination date March 27, 2028; maturity March 30, 2028) provide either: principal plus upside at a 200% participation rate for appreciation, return of principal if final level stays within a 10% buffer, or a leveraged loss of 1.1111% per 1% decline beyond the buffer, potentially resulting in total loss. All payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced an $18,272,000 offering of principal‑at‑risk, S&P 500®‑linked, auto‑callable notes due March 29, 2029. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $969.90. The notes pay no interest, may auto‑redeem on scheduled determination dates if the closing level of the S&P 500® is at or above the call threshold level (6,556.37), and otherwise return at maturity either a fixed positive payment ($1,326.40) or a principal amount reduced pro rata by the underlier’s decline (payment could be zero). All payments are unsecured and subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities tied to Blackstone Inc. common stock with a stated principal amount of $1,000 per security. The notes pay a contingent coupon at an annual rate of 15.25% on observation dates only if the underlier meets the coupon barrier (65% of the initial level). The securities may be automatically redeemed early if the underlier meets the call threshold (85% of the initial level) on specified redemption determination dates; otherwise, at maturity on April 5, 2028 investors receive principal only if the final level is at or above the downside threshold (65% of the initial level), but will suffer proportional principal loss if the final level is below that threshold. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; they carry credit risk and may pay no coupons or return significantly less than principal.
Morgan Stanley Finance LLC priced a series of Principal-at-Risk buffered jump securities due April 5, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and may auto‑redeem on scheduled determination dates for fixed early redemption payments. The securities feature a 10% buffer, a minimum payment at maturity of 10% of principal, and a capped maturity payment of $1,519.00 if all underliers meet the call thresholds. Payments are linked to the worst performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC priced structured, principal-at-risk Jump Securities with an automatic early redemption feature due April 15, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities have a stated principal amount of $1,000 per security and an issue price of $1,000 per security. The estimated value on the pricing date is approximately $945.60 per security. The notes pay no periodic interest, are linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, and feature scheduled determination dates beginning April 16, 2027 with pre-specified early redemption payments and a potential maturity payoff of $1,560 if all underliers meet their call thresholds.
Morgan Stanley Finance LLC priced a structured, principal-at-risk note series linked to the worst performing of the Dow Jones Industrial, Nasdaq-100 and Russell 2000. Each security has a $1,000 stated principal amount and may auto-redeem on April 8, 2027 for an early redemption payment of $1,252.50 if each underlier meets its call threshold. If not auto-redeemed, maturity is April 5, 2029 and returns depend on the worst performing index with a 200% participation rate for upside and a downside threshold at 70% of initial levels; losses can be up to the full principal and are subject to issuer credit risk.
Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an upside payment of $255 (25.50%).
Estimated value on the pricing date was approximately $963.90. The notes pay no interest and provide limited principal protection only if the final level is at or above a downside threshold of 60% of the initial level. The observation date is October 8, 2027 (subject to postponement) with maturity on October 14, 2027. If the final level is below the downside threshold, investors incur losses pro rata and could lose their entire investment. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC prices a structured note offering: Buffered Jump Securities with an auto-callable feature due March 30, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000 with an estimated value of approximately $966.20 on the pricing date. The notes can auto-redeem on the first determination date for an early redemption payment of $1,245. If not auto‑redeemed, maturity payoffs depend on basket performance: a 150% participation rate, a 15% buffer (buffer level 85), an upside payment of $490, and a downside factor of 1.1765.
Morgan Stanley Finance LLC offers callable Contingent Income Securities linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100® Technology Sector Index and the S&P 500® Index. Each note has a $1,000 stated principal, a 13.50% per annum contingent coupon, a maturity date of April 6, 2028 and a first redemption date of July 7, 2026.
Coupons are paid only if the closing level of each underlier meets its coupon barrier on each observation date. At maturity, if any underlier is below its 70% downside threshold, principal is reduced pro rata to the performance of the worst performing underlier and could be zero. Early redemption may occur on scheduled redemption dates only if a risk neutral valuation model determines it is economically rational for the issuer; redeemed securities cease further payments. All payments are subject to Morgan Stanley and MSFL credit risk. The estimated value on pricing was approximately $983.80 per security.
Morgan Stanley Finance LLC is offering Principal at Risk notes due April 14, 2027, linked to the S&P 500® Index. Each security has a stated principal of $1,000, an estimated value on pricing of approximately $984, and an upside payment of at least $97.70 (9.77%) if the final level is at or above the downside threshold. The downside threshold is 80% of the initial level; if the final level is below that threshold, holders lose 1% of principal for each 1% decline in the index and could lose their entire investment. Payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments remain subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC (MS) priced Principal-at-Risk securities with a $1,000 stated principal per note and a 12.00% per annum contingent coupon payable only if each underlier meets its coupon barrier on observation dates. The securities mature on April 2, 2029 and are linked to the worst performing of the NDXT, RTY and SPX indices. Early redemption may occur beginning July 2, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer. Principal is at risk: if the final level of the worst performing underlier is below a 70% downside threshold, investors lose proportionally and could lose their entire investment. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC is offering Trigger Autocallable GEARS linked to the Russell 2000® Index, guaranteed by Morgan Stanley. The securities have an $10.00 Issue Price and an estimated Trade Date value of approximately $9.491. Key economic terms include an Autocall Barrier of 100% of the Initial Level, a Downside Threshold of 75%, an annual Call Return Rate of 12.00% (Call Price = $11.20 on call), and Upside Gearing in the range 1.54 to 1.74. Trade Date is April 15, 2026; Observation Date is April 21, 2027; Final Valuation Date is April 15, 2031; Maturity is April 18, 2031. Investors face principal-at-risk: if not called and the Final Level is below the Downside Threshold, payment at maturity may be significantly less than principal. All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities due June 28, 2027, fully guaranteed by Morgan Stanley. The offering is $1,000 per security with an aggregate principal of $1,600,000 and an estimated value on the pricing date of $982.70 per security. The notes pay no interest; they provide a fixed $112.50 upside payment (an 11.25% return) if the worst performing underlier on the observation date is at or above a 80% buffer of its initial level. If the worst performing underlier falls below the buffer, investors lose 1 of principal for each 1 decline beyond the buffer, subject to a minimum payment at maturity of 20% of principal. The observation date is June 23, 2027 (final levels based on closing prices) and the maturity date is June 28, 2027. Underliers: Dow Jones Industrial Average, Russell 2000® Index, and S&P 500® Index. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced a Buffered PLUS linked to a basket of equity indices and an ETF, offering principal-at-risk notes due September 29, 2027. The offering totals $499,000 aggregate principal at a stated principal amount of $1,000 per security and an issue price of $1,000 per security. The securities provide 200% leveraged upside (subject to a maximum payment of $1,112.50) and a 20% buffer (buffer level 80), with a minimum payment at maturity of 20% of principal. Payments depend on the underlier closing on the observation date September 24, 2027, and all payments are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley. The estimated value on the pricing date was $959.60 per security and agent commissions total $22.50 per security.
Morgan Stanley Finance LLC issues structured, market‑linked notes due March 27, 2031, fully and unconditionally guaranteed by Morgan Stanley. The offering's aggregate principal amount is $606,000 and the notes are sold at an issue price of $1,000 per note.
The notes pay no interest, have a 100% participation rate in the upside of a five‑component international equity basket, and pay at maturity either the stated principal plus any upside payment if the final level exceeds the initial level, or only the stated principal if not. Payments are subject to Morgan Stanley's credit risk.