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 contingent income, principal-at-risk securities due March 20, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal and issue price, a hypothetical contingent coupon of 9.30% per annum, and an estimated pricing-date value of approximately $908 per security.
The notes pay contingent coupons only if the underlier meets observation-date thresholds, are auto-callable beginning with the redemption determination date on March 17, 2027, provide a 15% buffer at maturity and a minimum payment of 15% of principal, and expose holders to issuer credit risk and downside beyond the buffer.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes with a $1,000 stated principal amount per security and an original issue price of $1,000. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley. They pay no interest and expose investors to loss of principal if the worst performing underlier declines below its downside threshold.
The securities reference the EURO STOXX 50®, Russell 2000® and S&P 500® indices, have a strike date of March 9, 2026, a first determination date of March 22, 2027, a final determination date of March 9, 2029, and mature on March 14, 2029. Early redemption payments are fixed: $1,114.30 on the first early redemption date and $1,228.60 on the second; payment at maturity can be $1,342.90 if all final levels meet downside thresholds or equal the stated principal times the performance factor of the worst performing underlier (which could result in a total loss).
Morgan Stanley Finance LLC issues Dual Directional Buffered Jump Securities linked to the S&P 500® Index. Each security has a $1,000 stated principal amount and matures on April 12, 2030. The securities pay no interest; upside is fixed at $295 (29.50%) per security if the final level is greater than or equal to the initial level. If the final level declines but remains at or above an 80% buffer level, investors receive principal plus a positive return equal to the absolute underlier decline multiplied by a 300% absolute return participation rate, capped effectively at a 60% positive return. If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a 20% minimum payment at maturity. The estimated value on the pricing date is approximately $972.70 per security. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC priced a preliminary offering of structured, principal‑at‑risk notes due April 28, 2027, fully guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and pay no interest; maturity payout is tied to the worst performing of the Russell 2000, S&P 500 and Nasdaq‑100 Technology Sector indices.
If the worst performing underlier is at or above an 80% buffer level on the observation date (April 23, 2027), holders receive principal plus an upside payment of $102.50 per security (10.25%). If the worst underlier is below the buffer, holders suffer a loss equal to the full decline beyond the 20% buffer, subject to a minimum payment of 20% of principal. The estimated value on the pricing date was approximately $980.60 per security.
Morgan Stanley Finance LLC is offering principal‑at‑risk, auto‑callable notes linked to the VanEck® Gold Miners ETF, with a stated principal amount of $1,000 per security and a contingent annual coupon of 13.00%. The notes may automatically redeem on specified observation dates beginning September 24, 2026 if the underlier meets the call threshold; maturity is September 29, 2027
Coupons are paid only when the underlier’s closing level on each observation date is at or above the coupon barrier (65% of the initial level). If not auto‑redeemed and the final level is below the downside threshold (65% of the initial level), investors suffer pro rata principal loss (payment = principal × final/initial). All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC is offering Dual Directional Buffered Jump Securities due April 12, 2029, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an upside payment of $180 (18%), an absolute return participation rate of 375%, a buffer of 20%, and a minimum payment at maturity of 20%.
Payment at maturity depends on the S&P 500® closing level on the observation date April 9, 2029. The estimated value on the pricing date is approximately $976.60. All payments are subject to Morgan Stanley's credit risk. Securities will be sold to certain fee-based advisory accounts.
Morgan Stanley Finance LLC is offering principal-at-risk buffered participation securities due March 18, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a participation rate of 100%.
Payoff is linked to the worst performing of the Dow Jones Industrial Average and the S&P 500®. A 25% buffer applies: if the worst performing underlier closes at or above 75% of its initial level the investor receives principal; declines beyond the buffer reduce principal dollar-for-dollar, subject to a minimum payment at maturity of 25% of stated principal. The document shows an estimated value on the pricing date of approximately $933.60 per security. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC offers principal‑at‑risk, contingent income auto‑callable securities linked to United Parcel Service Class B stock. The notes have a $1,000 stated principal amount per security, issue date March 16, 2026, and maturity March 16, 2028. The securities pay a contingent coupon at an annual rate of 13.50% only if the underlier meets the coupon barrier on observation dates; the coupon barrier and downside threshold are each 65% of the initial level. Automatic early redemption can occur on specified redemption determination dates beginning September 11, 2026. If not redeemed and the final level is below the downside threshold, investors suffer losses proportionate to the underlier's decline, possibly losing the entire principal. Estimated value on the pricing date was approximately $969.20 per security. All payments are subject to Morgan Stanley's credit risk and the securities do not participate in upside of the underlier.
Morgan Stanley Finance LLC sets terms for contingent income auto-callable securities linked to Micron Technology common stock. Each note has a $1,000 face amount, 29.50% per annum contingent coupon, maturity September 13, 2027, and an estimated value on the pricing date of approximately $967.00.
Automatic early redemption can occur on specified dates if the underlier meets the call threshold of $311.456 (80% of the initial level). Coupons are paid only when the underlier is at or above the coupon barrier of $233.592 (60%). At maturity, if the final level is below the downside threshold of $194.66 (50%), principal is reduced pro rata and could be zero; investors do not participate in upside appreciation. All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, fixed-income buffered auto-callable securities due March 25, 2031 with an issue price of $1,000 per security. The securities pay a fixed coupon of 7.00% per annum and may be automatically redeemed beginning on the first redemption determination date of March 22, 2027 if the closing level of the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index is greater than or equal to the call threshold (100% of the initial level) on a redemption determination date.
If not called, the payment at maturity depends on the final level on the observation date of March 20, 2031: investors receive the stated principal if the final level is at or above the buffer level (85% of the initial level); if below the buffer, principal is reduced by 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment at maturity of 15% of stated principal. The preliminary estimated value on the pricing date is approximately $926.50 per security. All payments are subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk.
Morgan Stanley Finance LLC is offering Buffered PLUS notes linked to the iShares® Semiconductor ETF (SOXX), with a stated principal amount of $1,000 per security. The securities are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, and do not pay interest.
The securities provide 200% leveraged upside subject to a $1,275 maximum payment (127.50% of principal), a 10% buffer (buffer level = 90% of the initial level) and a 10% minimum payment at maturity. Key dates: strike date March 12, 2026, original issue date March 17, 2026, observation date May 12, 2027, maturity date May 17, 2027.
The estimated value on the pricing date was approximately $962.70 per security. All payments are subject to the issuer and guarantor credit risk; losses can exceed the buffer if the underlier falls below the buffer level.
Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk notes fully and unconditionally guaranteed by Morgan Stanley that reference the EURO STOXX 50® Index. Each security has a stated principal amount of $1,000, matures on March 17, 2031 and is payable based on the index performance.
If the final level exceeds the initial level, investors receive principal plus a leveraged upside equal to 117.25% of the index appreciation. If the final level is between the buffer level (65% of the initial level) and the initial level, investors receive the stated principal. If the final level is below the buffer level, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 35% of the stated principal. The estimated value on the pricing date was approximately $930.60 per security.
Morgan Stanley Finance LLC is offering principal-at-risk notes due April 30, 2027, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a fixed upside payment of $90 (9%) if the final levels of both underliers meet or exceed their downside thresholds. The securities are linked to the worst performing of the Russell 2000® Index and the S&P 500® Index, with a downside threshold equal to 63% of each initial level. If the worst performing underlier finishes below its threshold, the payment at maturity equals the stated principal multiplied by that underlier’s performance factor, and investors may lose some or all principal. The estimated value on the pricing date is approximately $989.50 per security. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering Trigger PLUS principal‑at‑risk securities linked to the VanEck® Semiconductor ETF due May 17, 2027. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $963.10.
The securities provide 200% leveraged upside (subject to a $1,380 maximum payment per security, or 138% of principal). If the underlier’s final level is at or above a 90% downside threshold, investors receive principal; below that threshold, investors lose 1 of principal for each 1 decline in the underlier. Payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments remain subject to credit risk.
Morgan Stanley Finance LLC is offering Buffered Participation Securities due March 14, 2028, linked to the S&P 500® Index and fully guaranteed by Morgan Stanley. The securities have a stated principal of $1,000 per security, a 20% buffer (80% buffer level), a 100% participation rate, a maximum payment of $1,218.50 (121.85% of principal) and a minimum payment of 20% of principal. The initial level was 6,795.99 and the observation date is March 9, 2028. Payments depend on the final level at observation: full principal for outcomes within the buffer, upside up to the maximum for positive performance, and losses beyond the buffer at a 1:1 rate subject to the minimum payment. All payments are subject to Morgan Stanley’s credit risk; estimated value on the pricing date was approximately $986.00 per security.
Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due March 29, 2029, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an estimated value at pricing of approximately $979.80.
The notes reference the worst performing of the Russell 2000®, the S&P® 500 Equal Weight and the S&P 500®. Key economic terms: participation rate 200%, buffer 20%, downside factor 1.25. Automatic early redemption occurs if all underliers meet a 100% call threshold on the first determination date (March 29, 2027) for an early redemption payment of $1,167.50. Estimated issue date is March 30, 2026.
Morgan Stanley Finance LLC is offering Callable Contingent Income Securities due September 17, 2029, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued in $1,000 denominations at an issue price of $1,000 per security and an estimated value on the pricing date of approximately $970.00.
The notes pay a contingent coupon at an annual rate of 12.00% for each interest period only if the closing level of each underlier is at or above its coupon barrier (set at 70% of the initial level) on the related observation date. The notes are linked to the worst performing of four underliers (TLT, RTY, SPX, XLU) and carry a downside threshold of 60% of each underlier's initial level. If any underlier is below its downside threshold at maturity, payment at maturity reflects the performance of the worst performing underlier and principal may be significantly reduced or lost.
The securities are callable beginning on June 17, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer; early redemption will end future payments. All payments are subject to the issuer's and guarantor's credit risk.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes due September 16, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each Trigger PLUS has a $1,000 stated principal, a 200% leverage factor on upside, a trigger level of 85% of the initial share price, and a maximum payment at maturity of $1,598. The notes reference shares of the VanEck® Gold Miners ETF (GDX). If final share price is between the trigger and initial price, investors receive a positive return equal to the absolute share decline (capped at 15%). If the final share price is below the trigger, investors suffer proportional principal loss and may lose their entire investment. Pricing date is March 11, 2026 and original issue date is March 16, 2026. All payments are subject to issuer credit risk; the document states an estimated pricing-date value of approximately $961.80 per Trigger PLUS.
Morgan Stanley Finance LLC is offering Auto-Callable Trigger PLUS securities due March 15, 2029, linked to the Tokyo Stock Price Index (TOPIX). Each security has a $1,000 stated principal amount and an original issue price of $1,000; the estimated value on the pricing date is approximately $955.50. The securities are unsecured obligations of MSFL fully and unconditionally guaranteed by Morgan Stanley and are principal at risk.
The securities will be automatically redeemed if the index closing value on the first determination date (3/18/2027) is greater than or equal to the initial index value, producing an early redemption payment of at least $1,197.50 per security (actual amount determined on the pricing date). At maturity (3/15/2029), unpaid securities pay: (i) $1,000 + 125% of upside if the final index value exceeds the initial index value; (ii) $1,000 if the final index value is between the downside threshold level (85% of initial) and the initial level; or (iii) $1,000 × index performance factor if the final index value is below the downside threshold, exposing investors to full downside (potentially a total loss). All payments are subject to Morgan Stanley’s credit risk and certain terms (including early redemption payment and initial index value) are determined on the pricing date.
Morgan Stanley Finance LLC priced a $6.2 million issuance of structured, principal-at-risk notes due March 11, 2031 that are fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 security links to the worst performing of the Russell 2000® and EURO STOXX 50® indices and may auto‑redeem on specified determination dates.
The notes do not pay interest and expose investors to full principal loss if the worst performing underlier falls below its downside threshold (75% of initial level). Early redemption can occur on periodic determination dates for fixed cash payments; the estimated value at pricing was $962.70 per security and proceeds to the issuer were $6,010,900 after a $30.50 agent commission per security.
Morgan Stanley Finance LLC amends a preliminary pricing supplement for contingent income memory auto‑callable securities linked to the common stock of Oracle Corporation, 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, with an estimated value on the pricing date of approximately $970.30 per security.
The terms include a contingent coupon at an annual rate of 22.20%, observation dates beginning June 8, 2026, automatic early redemption if the closing level meets or exceeds the call threshold of $152.96 (100% of the initial level), a coupon barrier and downside threshold equal to $91.776 (60% of the initial level), a final observation date of March 6, 2028 and maturity on March 9, 2028. If the final level is below the downside threshold, payment at maturity equals the stated principal multiplied by the performance factor, which could result in a substantial loss of principal.
Morgan Stanley Finance LLC offers auto-callable, principal‑at‑risk securities linked to the VanEck® Gold Miners ETF due April 5, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a face amount of $1,000 and an estimated pricing‑date value of $939.90 (within $39.90 of that estimate). The securities pay no interest and may be automatically called on semi‑annual calculation days beginning April 6, 2027; call payments correspond to fixed call premiums (at least 8.30% on the 1st calculation day up to at least 24.90% on the final calculation day). If not called, maturity payoff exposes holders to losses beyond a 20% buffer: an ending price below the threshold (80% of the starting price) can cause a loss of up to 80% of the face amount. All payments are subject to Morgan Stanley's credit risk; secondary market liquidity and tax treatment are uncertain.
Morgan Stanley Finance LLC is offering auto-callable, principal-at-risk market linked securities due March 25, 2030, fully guaranteed by Morgan Stanley. Each security has a face amount of $1,000 and an estimated value at pricing of $959.40 (within $45.00).
The securities pay a fixed call premium if both the S&P 500® Index and the Dow Jones Industrial Average close at or above their starting levels on quarterly calculation days beginning March 25, 2027. If not called, maturity payment depends on the lowest performing underlying; a decline below a 75% threshold exposes investors to losses of more than 25%, possibly total loss.
Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk notes due March 23, 2028, fully and unconditionally guaranteed by Morgan Stanley. The securities link to a 50/50 basket of the iShares MSCI Taiwan (EWT) and South Korea (EWY) funds, priced March 18, 2026 with original issue date March 23, 2026.
The notes return the stated principal plus a 145% leverage on any appreciation of the underlier, capped at a $1,500 maximum payment. They provide a 10% buffer against downside: losses beyond a 10% decline are borne 1% per 1% of further decline; minimum payment is 10% of principal. Estimated value on the pricing date is about $958 per $1,000 security.
All payments are subject to issuer and guarantor credit risk; the offering document highlights limited liquidity, model-based valuation, tax uncertainty, and affiliate conflicts of interest.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes with an auto‑callable feature due March 16, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities are linked to the worst performing of the EURO STOXX 50® and the S&P 500® indices, have a call threshold at 100% of initial levels and a downside threshold at 75%. If neither underlier meets call conditions on a determination date, holders may face full principal loss if the worst performing underlier falls below its downside threshold. Early redemption payments correspond to an approximate return of 12.35% per annum; estimated value on the pricing date was approximately $960.30 per security.
Morgan Stanley Finance LLC offers structured, principal‑at‑risk notes linked to the worst performing of the SPDR® Gold Trust (GLD) and the VanEck® Semiconductor ETF (SMH), with a $1,000 stated principal amount per security and an original issue price of $1,000.
The securities have a 150% participation rate, an early redemption payment of $1,450 if both underliers meet 100% call thresholds on the first determination date (March 23, 2027), and a final maturity of March 21, 2029. Investors face full principal risk if the worst performing underlier falls below a 60% downside threshold of its initial level; estimated value at pricing was approximately $936.40 per security. The notes are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk securities due March 15, 2029, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal and an issue price of $1,000; the estimated value on the pricing date was approximately $981.70.
The securities pay no interest, are linked to the worst performing of the Dow Jones Industrial, Nasdaq‑100 and Russell 2000, and feature automatic early redemption beginning on March 15, 2027 with scheduled early redemption payments equal to fixed cash amounts (for example, $1,170 on the first early redemption date and $1,425 on the fourth). At maturity investors may receive $1,510, the stated principal, or a reduced payment tied to the worst performing underlier (downside threshold = 70% of initial level).
Morgan Stanley Finance LLC priced principal-at-risk notes linked to Accenture plc class A shares with a stated principal amount of $1,000 per security and an original issue price of $1,000. The securities pay a contingent coupon at an annual rate of 17.00% on each coupon payment date only if the closing level of the underlier on the related observation date is greater than or equal to the coupon barrier (70% of the initial level). The notes are automatically redeemed if the closing level on any redemption determination date is greater than or equal to the call threshold (100% of the initial level), in which case holders receive principal plus the contingent coupon for that period. If not redeemed, at maturity holders receive principal only if the final level is greater than or equal to the downside threshold (70% of the initial level); otherwise payment at maturity equals principal multiplied by the performance factor (final level / initial level), exposing holders to loss of principal. The estimated value on the pricing date was approximately $957.90 per security. All payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC is offering principal at risk, callable contingent income securities with a $1,000 stated principal amount per security that mature on February 23, 2028. The securities pay a contingent coupon at an annual rate of 9.20% for each interest period only if the closing level of each underlier meets or exceeds its coupon barrier (each set at 65% of its initial level) on the related observation date. If not called earlier, maturity payment returns the stated principal only if the final level of each underlier is at or above its downside threshold (each 65% of initial); otherwise payment equals the stated principal times the performance factor of the worst performing underlier, producing a loss proportional to that underlier’s decline. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, are callable starting June 23, 2026 based on a risk neutral valuation model, and carry estimated value on the pricing date of approximately $961.70 per security.
Morgan Stanley Finance LLC priced a contingent income auto-callable note linked to the common stock of Microsoft Corporation with a $1,000 original issue price per security and an estimated value on the pricing date of approximately $964.30. The securities pay a contingent coupon at an annual rate of 14.50% on each interest period only if the closing level of the underlier on the related observation date is at or above the coupon barrier level. The notes are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. The securities have an initial strike date of March 31, 2026, a final observation date of March 27, 2029, and mature on April 2, 2029. Automatic early redemption can occur on set redemption determination dates beginning with June 26, 2026 if the closing level meets or exceeds the call threshold (100% of the initial level). The coupon barrier level and downside threshold level are set at 80% of the initial level; if the final level at maturity is below that downside threshold, principal is reduced pro rata by the underlier’s decline and could be zero. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC priced a preliminary offering of principal-at-risk, contingent income auto-callable securities linked to the common stock of ServiceNow, Inc. The securities have a stated principal of $1,000 per security, an annual contingent coupon of 14.85%, a maturity date of April 29, 2027, and observation and redemption mechanics tied to the underlier.
The pricing and strike dates are March 26, 2026, the final observation date is April 26, 2027, and the estimated value on the pricing date is approximately $965.90 per security. The coupon barrier level and downside threshold are set at 56% of the initial level; the call threshold is 100% of the initial level. Securities are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. Investors bear credit risk and may lose principal if the final level is below the downside threshold; coupons are paid only if observation-date conditions are met.
Morgan Stanley Finance LLC offers structured "Jump Notes" with an automatic early redemption feature, fully guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and does not pay interest; the notes may be automatically redeemed on a first determination date for an $1,150 early redemption payment.
The payoff is linked to the worst performing of three stocks—Microsoft, Palantir Class A and UnitedHealth—and the upside at maturity (if not auto‑redeemed) equals the stated principal amount plus the upside payment using a 125% participation rate on the worst performing underlier. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering auto‑call, principal‑at‑risk market‑linked securities tied to the lowest performing of the Dow Jones Industrial Average, the S&P 500® Equal Weight Index and the Russell 2000® Index, maturing September 16, 2032. Each security has a face amount of $1,000 and an estimated value on the pricing date of approximately $984.50 (± $40.00). The securities may be automatically called on specified calculation days beginning September 18, 2028, with call premiums and payment amounts set by the pricing date. If not called, maturity payment depends on the lowest performing underlying and your principal is at risk; a decline of more than 25% in the lowest performing underlying can cause a loss greater than 25, potentially to zero. Pricing date is March 13, 2026 and original issue date is March 18, 2026. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC priced a primary offering of $510,000 aggregate principal of Callable Contingent Income Securities due March 8, 2029. The securities pay a contingent coupon at an annual rate of 12.30% only if each underlier closes at or above its 80% coupon barrier on observation dates, and expose holders to full downside risk tied to the worst performing underlier with 70% downside threshold levels. The securities are callable beginning on March 10, 2027 based on a risk‑neutral valuation model, have an estimated value of $971.80 on the pricing date and an issue price of $1,000 per security.
Morgan Stanley Finance LLC priced a series of principal-at-risk, auto-callable structured notes fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount and an issue price of $1,000 per security; estimated value on the pricing date was approximately $954.80. The strike and pricing date are March 12, 2026, original issue date is March 17, 2026, and maturity is March 15, 2029.
The securities reference the Dow Jones Industrial Average, the S&P 500® and the Russell 2000® and are linked to the worst performing underlier. Call threshold levels equal 100% of initial levels; downside threshold levels equal 70% of initial levels. The first determination date is September 14, 2026. If on any determination date all three underliers are at or above their call thresholds, the notes auto-redeem for tiered cash amounts (first auto-redemption payment $1,054; final scheduled early redemption payment $1,315), otherwise payments at maturity depend on worst-underlier performance (up to $1,324 if all underliers meet call thresholds, or pro rata loss down to zero if the worst underlier breaches its downside threshold).
Morgan Stanley Finance LLC is offering Structured Investments—Buffered Jump Securities with an Auto-Callable feature, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and matures on March 9, 2028.
The securities can be automatically redeemed on the early redemption date (March 24, 2027) if the underlier meets the call threshold on the first determination date (March 19, 2027), producing an early redemption payment of at least $1,230. If not redeemed, maturity payoffs depend on the final level versus the initial level (initial level = 100): participation rate 150%, buffer amount 15% (buffer level = 85), downside factor 1.1765. Estimated value on the pricing date is approximately $970.70; agent commissions are $15 per security.
Morgan Stanley Finance LLC prices $1,000,000 of principal-at-risk, auto-callable notes due March 6, 2031. The securities are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley.
The issue price is $1,000 per security with an estimated value on the pricing date of $958.80. The notes pay no interest and carry an automatic early redemption feature on the first determination date, March 9, 2027, if the underlier is at or above the call threshold of 1,527.62, in which case holders receive an early redemption payment of $1,175. If not called, maturity payoff depends on MSCI Emerging Markets Index performance: a 150% participation on gains above the initial level, return of principal if final level stays at or above 70% of initial (downside threshold 1,069.334), or a proportional loss below that threshold. All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC registered $123,000 aggregate principal amount of Structured Investments—step-down, auto-callable, principal-at-risk notes due March 8, 2030, fully guaranteed by Morgan Stanley. The notes reference the worst performing of the Nasdaq-100, S&P 500 and Russell 2000 indices and may auto-redeem on scheduled determination dates.
The securities pay no interest, have a stated principal amount of $1,000 each, an estimated value at pricing of $973.00 per security, and offer fixed early redemption payments equating to approximately 11.90% per annum on successful determination dates. If not auto-redeemed, maturity payments depend on underlier performance versus predefined upside (≈85% of initial) and downside (70% of initial) thresholds; losses at maturity are tied to the worst performing underlier and can result in full principal loss.
Morgan Stanley Finance LLC priced Contingent Income Memory Auto-Callable Securities due March 8, 2029 linked to the worst performing of the Nasdaq-100® Technology Sector, Russell 2000® and S&P 500®. The stated principal amount is $1,000 per security with aggregate principal of $2,583,000 and an issue price of $1,000 per security.
These principal-at-risk notes pay a contingent coupon at an annual rate of 11.00% only if all three underliers meet coupon barrier levels on observation dates, feature automatic early redemption if all underliers meet call thresholds on redemption determination dates, and repay principal at maturity only if each underlier is at or above its downside threshold; otherwise repayment equals the worst-performing underlier’s performance factor. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC offers Contingent Income Memory Auto-Callable Securities due March 9, 2028 linked to the common stock of Oracle Corporation, fully and unconditionally guaranteed by Morgan Stanley. The securities are principal-at-risk notes with a contingent annual coupon of 22.20% and an original issue price of $1,000 per security.
Key economic terms: the initial level (closing on the strike date) was $152.96, the coupon barrier and downside threshold are each $91.776 (60% of the initial level), observation dates begin June 8, 2026, and the first redemption determination date is June 8, 2026. Estimated value on the pricing date was approximately $970.30 per security. If not auto‑redeemed, payment at maturity equals principal if the final level is at or above the downside threshold; otherwise investors suffer proportional losses and may lose their entire investment.
Morgan Stanley Finance LLC prices contingent-income, principal-at-risk notes linked to the S&P 500® Index. Each security has a $1,000 stated principal amount and offers a 10.00% annual contingent coupon, payable only if the S&P 500 closing level meets the coupon barrier on observation dates. The notes feature automatic early redemption on specified redemption determination dates, a downside threshold at $5,392.016 (80% of the initial level), and maturity on March 24, 2027. Estimated value at pricing was approximately $984.20 per security; the issue price is $1,000 with proceeds to issuer of $990 per security after placement fees. Terms are subject to the product supplement, index supplement and prospectus and to the issuer’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, contingent-income, memory auto-callable securities due March 16, 2029 linked to Microsoft Corporation common stock.
Each security has a stated principal of $1,000, an annual contingent coupon of 9.50% payable only if the underlier meets a coupon barrier (70% of the initial level) on observation dates, an automatic early‑redemption feature if the underlier equals or exceeds a call threshold (100% of the initial level) on redemption determination dates, and downside exposure where payments at maturity fall pro rata if the final level is below the downside threshold (70% of the initial level). The pricing/strike date is March 13, 2026
Morgan Stanley Finance LLC is offering principal-at-risk, contingent-income memory auto-callable securities linked to the common stock of General Electric Company. The securities are $1,000 each with an aggregate offering of $2,316,000, an estimated value of $968.70 on pricing, and a maturity of September 10, 2027.
The notes pay a contingent coupon at an annual rate of 11.60% only if the closing level of the underlier meets or exceeds the coupon barrier ($212.544, ~65% of the initial level) on observation dates. Automatic early redemption can occur on specified determination dates if the closing level meets the call threshold ($326.99). If not auto-redeemed, maturity payout depends on the final level relative to the downside threshold ($212.544): full principal if met, otherwise a loss equal to the underlier’s percentage decline.
All payments are unsecured and subject to Morgan Stanley’s credit risk; investors do not participate in upside of the underlier and may lose their entire investment.
Morgan Stanley Finance LLC offers Principal-at-Risk auto-callable securities guaranteed by Morgan Stanley. The securities are issued in denominations of $1,000 each, with an aggregate principal amount of $490,000, an issue price of $1,000 per security and an estimated value on the pricing date of $968.90 per security.
The notes link to the worst performing of the NDXT, RTY and SPX indices, pay a contingent coupon at an annual rate of 9.25% subject to observation-date barriers set at 70% of initial levels, feature automatic early redemption if all underliers meet call thresholds (100% of initial levels) on a redemption determination date, and mature on September 10, 2027. If at maturity the worst performing underlier is below its 70% downside threshold, the payment at maturity equals the stated principal multiplied by that performance factor and could be significantly less than principal.
Morgan Stanley Finance LLC is offering $910,000 aggregate principal of structured notes due February 8, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000.
The notes pay a contingent coupon at an annual rate of 8.00% only if the closing level of both underliers meets their coupon barrier on observation dates, feature automatic early redemption on specified dates if both underliers meet call thresholds, and expose investors to principal loss if the worst performing underlier falls below an 80% buffer (buffer amount 20%). The securities have a minimum payment at maturity of 20% of principal and are subject to the issuer's credit risk and other qualifiers such as being determined "subject to postponement for non-trading days and certain market disruption events."
Morgan Stanley Finance LLC offers Callable Buffered Jump Securities with Downside Factor linked to the S&P 500® Futures Excess Return Index, with a $1,000 stated principal amount per security and an original issue price of $1,000.
The securities mature on June 10, 2030 with an observation date of June 5, 2030; they provide a 25% buffer, a 1.3333 downside factor, and a 156% participation rate for upside. The issuer may call the securities on scheduled redemption dates beginning March 17, 2027, for fixed cash redemption payments that approximately equal an 18.00% per annum return on the stated principal. The estimated value on the pricing date was $943.30 per security; agent commissions were $32.50 per security and aggregate principal issued was $787,000.
Morgan Stanley Finance LLC offers contingent income auto-callable securities tied to Intuit Inc. common stock, with an aggregate principal amount of $7,135,000 and a stated principal amount of $1,000 per security.
The securities pay a contingent coupon at an annual rate of 13.45% on observation dates when the underlier meets the coupon barrier ($261.402, ~56% of the initial level). They feature automatic early redemption if the underlier equals or exceeds the call threshold ($466.79) on specified redemption determination dates and return principal at maturity only if the final level is at or above the downside threshold ($261.402); otherwise investors suffer proportional principal loss.
Morgan Stanley Finance LLC offers contingent income auto-callable notes due March 18, 2031 linked to the worst performing of Apple, Broadcom and Meta. Each note has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $971.20.
The notes pay a contingent coupon at an annual rate of 8.85% only if each underlier’s closing level is at or above its coupon barrier (set at 75% of initial level) on an observation date; they are automatically redeemed early if on a redemption determination date each underlier is at or above its call threshold (100% of initial level). The first redemption determination date is March 15, 2027. All payments are unsecured and subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC offers $2,200,000 of capped leveraged equity-linked notes linked to NVIDIA Corporation stock. Each $1,000 Face Amount note (Trade Date March 4, 2026, Original Issue Date March 9, 2026, Stated Maturity Date April 7, 2027) provides 200% upside participation up to a Cap Level of $235.2064 (128.50% of the Initial Underlier Level) and a Maximum Settlement Amount of $1,570.00 per $1,000. The Initial Underlier Level is $183.04; the estimated value on the Trade Date is $987.60 per note. Payments at maturity depend solely on the Closing Level on the Determination Date and are subject to issuer credit risk; there is no interest, no listing, and no guaranteed return of principal.
Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Trigger Jump Securities tied to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley, with an aggregate principal amount of $1,150,000 and a stated principal amount of $1,000 per security. The notes mature on April 8, 2027 and were issued at $1,000 each with an estimated value on the pricing date of $986.50. If the final level on the observation date is at or above an 80% downside threshold (initial level 6,816.63; downside threshold 5,453.304), investors receive principal plus a fixed upside payment of $94.30 (9.43%); if below that threshold, the payment equals stated principal × (final level / initial level), and could be significantly less or zero. All payments are subject to the issuer’s and guarantor’s credit risk.