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 (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 Trigger PLUS structured notes linked to the S&P 500® Index, issued under its Series A Global Medium-Term Notes program. Each security has a $1,000 stated principal amount, no interest payments, and matures on September 3, 2031.
At maturity, if the S&P 500 final level exceeds the initial level, investors receive $1,000 plus 110% of the index’s percentage gain. If the final level is between 75% and 100% of the initial level, investors receive only $1,000. Below the 75% downside threshold, repayment is reduced 1% for each 1% index decline, with no minimum—principal can be fully lost. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and all payments are subject to Morgan Stanley’s credit risk. The estimated value on the pricing date is approximately $982.40 per $1,000 security, reflecting issuance, structuring and hedging costs and potentially lower secondary market values.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering Buffered Jump Securities with Auto-Callable Feature due August 29, 2031, each with a $1,000 stated principal amount and principal at risk. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are linked to the worst performing of the EURO STOXX 50® Index and the S&P 500® Futures Excess Return Index.
The notes pay no interest and may be automatically redeemed on any of 16 determination dates starting August 30, 2027 if both underliers are at or above their call thresholds (100% of initial levels), for fixed call payments rising from $1,098 to $1,465.50 per $1,000. If held to maturity and both underliers are at or above their call thresholds, investors receive $1,490 per $1,000; if at least one is below its call threshold but both are at or above the 15% buffer level (85% of initial), investors receive principal only. If either underlier finishes below its buffer, repayment is reduced 1% for each 1% decline of the worst underlier beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is approximately $942.50 per $1,000 note, reflecting structuring and hedging costs and Morgan Stanley’s funding spread, and secondary market liquidity may be limited.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Callable Contingent Income Securities due September 5, 2031, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, at $1,000 stated principal amount per security.
Investors may receive an 8.50% per annum contingent coupon, paid only when on each observation date all three indices close at or above their coupon barrier levels, set at 70% of each index’s initial level. If any index is below its barrier on an observation date, no coupon is paid for that period.
Beginning September 8, 2027, the issuer may redeem the notes on specified monthly redemption dates at par plus any due coupon, but only if a risk neutral valuation model indicates early redemption is economically rational for the issuer. At maturity, if not earlier redeemed and each index’s final level is at least 65% of its initial level, investors receive principal plus any final coupon; otherwise, repayment is reduced 1% for every 1% decline of the worst-performing index, potentially to zero.
The estimated value on the pricing date is approximately $942.50 per security, below the $1,000 issue price due to embedded costs. Payments depend on the credit of Morgan Stanley Finance LLC and the Morgan Stanley guarantee, and the securities are not bank deposits or FDIC insured. The tax treatment is uncertain and may be adverse, particularly for non-U.S. holders.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering principal-at-risk Jump Securities with an auto-call feature maturing on August 21, 2031, linked to the worst performer of the EURO STOXX 50® Index and the Russell 2000® Index. The notes are issued at $1,000 per security, with an aggregate principal of $2,201,000, and are fully and unconditionally guaranteed by Morgan Stanley.
The notes may be automatically redeemed on scheduled determination dates starting May 18, 2027 if both indices are at or above their call thresholds (100% of initial levels: 6,468.17 for SX5E and 3,017.887 for RTY), for increasing early redemption payments corresponding to a return of approximately 11.80% per annum. If held to maturity and both indices are at or above their call thresholds, investors receive $1,590 per security; if at or above their downside thresholds (70% of initial levels) but below call thresholds, only principal is returned.
If at maturity either index is below its downside threshold, investors lose 1% of principal for each 1% decline of the worst-performing index, with potential loss of the entire investment. The estimated value on the pricing date is $962.60 per security, below the $1,000 issue price, reflecting embedded costs and margins. All payments are subject to Morgan Stanley’s credit risk, and there is no listing or guaranteed secondary market.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Trigger PLUS structured notes linked to the S&P 500® Futures Excess Return Index, maturing on August 23, 2030. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and pay no interest.
Each security has a $1,000 stated principal amount and issue price, with an estimated value on the pricing date of approximately $970.10, reflecting issuance, selling, structuring and hedging costs borne by investors. At maturity, if the index is above its initial level, holders receive principal plus a leveraged upside payment equal to 209% of the index’s percentage gain. If the final level is at or below the initial level but at or above the downside threshold of 80% of the initial level, investors receive only the $1,000 principal.
If the final index level falls below the downside threshold, repayment is reduced 1% for every 1% index decline, with no minimum payment, so principal can be fully lost. A hypothetical 85% decline would return $150 per security. The notes are subject to Morgan Stanley’s credit risk, are not bank deposits, and are not FDIC insured. Tax counsel currently expects treatment as prepaid financial contracts, but the tax consequences are uncertain. Minimum ticket size is $1,000 (1 security), and secondary market liquidity is expected to be limited.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering five-year Structured Investments called Buffered Participation Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount and issue price of $1,000 and pays no interest.
At maturity on August 25, 2031, holders receive: the stated principal plus 100% of the index gain, capped at a maximum payment of $1,867.50 per security (186.75%), if the index is above its initial level; return of principal if the index is between the initial level and the 75% buffer level; or a loss of 1% of principal for each 1% index decline beyond the 25% buffer, subject to a minimum payment of 25% of principal.
The securities are unsecured, subject to Morgan Stanley’s and MSFL’s credit risk, and may be illiquid. The estimated value on the pricing date is approximately $977.30 per $1,000 security, reflecting structuring and hedging costs. U.S. tax treatment is uncertain; counsel currently views them as prepaid financial contracts that are “open transactions.”
Morgan Stanley, through Morgan Stanley Finance LLC, is offering Contingent Income Memory Auto-Callable Securities due August 21, 2031 linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, in an aggregate stated principal amount of $720,000 at $1,000 per security. The notes pay an annual 8.00% contingent coupon, but only for periods where the index’s closing level on the relevant observation date is at or above the coupon barrier of 1,912.279 (55% of the initial level), with unpaid coupons potentially paid later if the barrier is met.
The notes are automatically redeemed if, on specified dates starting May 18, 2027, the index is at or above the call threshold of 2,885.802 (83% of the initial level), returning principal plus the applicable coupon and any unpaid coupons. If held to maturity without early redemption, investors receive principal only if the final index level is at or above the downside threshold of 1,912.279; otherwise the payoff equals the initial $1,000 times final level divided by the actual initial level of 3,476.87, exposing investors to full downside and potential total loss. The estimated value on the pricing date is $902.70 per security, reflecting issuance, structuring and hedging costs, and the notes are unsecured obligations of MSFL fully and unconditionally guaranteed by Morgan Stanley, subject to their credit risk.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Dual Directional Buffered Participation Securities due August 31, 2027, linked to the worst performing of the Nasdaq-100 Index® 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 $1,000,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay no interest and do not guarantee any return of principal. At maturity, investors may receive up to $1,103 per note (110.30% of principal) based on index appreciation, or up to a 20% positive return if the worst index has declined but remains above its 80% buffer level. If the worst index closes below its buffer level on the August 26, 2027 observation date, repayment of principal is reduced by 1.25% for each 1% decline beyond the 20% buffer and can fall to zero. The estimated value on the pricing date is $986.10 per note, reflecting issuance, selling, structuring and hedging costs, and all payments are subject to Morgan Stanley’s and MSFL’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 principal-at-risk Enhanced Trigger Jump Securities due September 23, 2027, linked to the worst performer of the Nasdaq-100 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF. Each note has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $1,452,000, and pays no interest.
At maturity, if the final level of each underlier is at or above its downside threshold level (70% of its initial level), investors receive $1,000 plus a fixed digital payment of $103.50 (10.35%). If any underlier finishes below its downside threshold, repayment is reduced 1% for each 1% decline of the worst underlier, with no minimum; the payoff can be zero. In that downside case, the digital payment is made only if every underlier is at or above its digital threshold level (50% of its initial level).
The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and all payments are subject to Morgan Stanley’s credit risk. The estimated value on the pricing date is $982.20 per security, below the $1,000 issue price due to embedded issuance, structuring and hedging costs. Liquidity may be limited, secondary prices are expected to be below issue price, and the U.S. federal income tax treatment is described as uncertain.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is issuing principal-at-risk Callable Contingent Income Securities due August 31, 2028, fully and unconditionally guaranteed by Morgan Stanley and linked to the worst performer of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index.
The notes have a stated principal amount of $1,000 per security and pay a contingent coupon at 8.75% per annum only if, on each observation date, the closing level of every index is at or above its coupon barrier level, set at 70% of the initial level for each index. If any index is below its barrier on an observation date, no coupon is paid for that period.
Beginning March 3, 2027, the issuer may redeem the notes on scheduled redemption dates for principal plus any due coupon, but only if a risk neutral valuation model indicates early redemption is economically rational for Morgan Stanley. If not redeemed and, at maturity, each index is at or above its downside threshold (60% of initial level), investors receive principal plus any final coupon. If any index is below its downside threshold, the payoff is reduced in proportion to the worst-performing index’s decline, potentially to zero. The estimated value on the pricing date is approximately $985.30 per $1,000 security. These unsecured notes are not deposits and are not FDIC insured, and all payments are subject to Morgan Stanley’s and MSFL’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 unsecured Market‑Linked Notes due August 28, 2031, tied to the iShares® MSCI EAFE ETF. The notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
At maturity, investors receive the $1,000 stated principal per note plus an upside payment equal to 100% of any positive underlier return, capped at a maximum payment of $1,788 per note (178.80% of principal). If the final ETF level on the August 25, 2031 observation date is at or below the initial level set on August 24, 2026, only principal is repaid, so inflation and opportunity costs are borne by investors.
The notes’ estimated value on the pricing date is approximately $967.40 per note, below the $1,000 issue price due to issuing, selling, structuring and hedging costs. The notes are subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and may have limited secondary liquidity. For U.S. tax purposes the securities are expected to be treated as contingent payment debt instruments, requiring accrual of taxable interest income over their life.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Enhanced Trigger Jump Securities, principal-at-risk structured notes linked to the worst performer of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, with an aggregate principal amount of $5,653,000 and an issue price of $1,000 per security.
The notes pay no interest and do not guarantee return of principal. At maturity on September 23, 2027, if each index is at or above 65% of its initial level, investors receive $1,000 plus a fixed upside payment of $102.50 (10.25%). If any index is below its downside threshold, repayment equals $1,000 multiplied by the performance of the worst-performing index, leading to losses in full proportion to that decline and potentially a zero payment. The estimated value on the pricing date is $991.10 per security, and all payments are subject to Morgan Stanley’s and MSFL’s credit risk, with limited expected secondary market liquidity.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering principal-at-risk Jump Securities with an auto-callable feature due September 2, 2031, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a stated principal amount and issue price of $1,000 and an estimated value on the pricing date of about $933, reflecting issuance, structuring and hedging costs.
The notes may be automatically redeemed starting August 30, 2027 if the index is at or above 85% of the initial level, paying early redemption amounts that correspond to about 19.30% per annum through up to 16 call dates. If held to maturity and not called, investors receive $1,965 per security if the final index level is at or above the call threshold, only principal back if the index is between 60% and 85% of the initial level, and a loss 1-for-1 with index declines if it falls below 60% of the initial level, potentially down to zero. All payments depend on Morgan Stanley’s credit; the securities pay no interest and do not participate in index appreciation beyond the fixed payouts.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Callable Contingent Income Securities due August 31, 2029, each with a $1,000 stated principal amount and fully guaranteed by Morgan Stanley. The notes are linked to the worst performer among the Nasdaq-100® Technology Sector Index℠, the Russell 2000® Index and the S&P 500® Index.
Investors may receive a 12.00% annual contingent coupon, paid only for periods where on the observation date the closing level of each index is at or above 70% of its initial level. Beginning December 3, 2026, the notes are callable in whole on scheduled redemption dates if a risk neutral valuation model indicates early redemption is economically rational for Morgan Stanley; after redemption, no further payments are made.
If the notes are not redeemed and on the final observation date every index is at or above 60% of its initial level, investors receive principal plus any final coupon. If any index is below 60%, repayment is reduced in proportion to the worst index’s decline, up to a 100% loss of principal. The estimated value on the pricing date is about $982.70 per note, below the $1,000 issue price, reflecting structuring and hedging costs. The notes carry Morgan Stanley credit risk, limited liquidity, complex tax treatment and potential 30% U.S. withholding on coupons for many non‑U.S. holders.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Contingent Income Auto-Callable Securities maturing September 2, 2031, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index and fully guaranteed by Morgan Stanley.
Investors receive a 16.65% per annum contingent coupon only if the index is at or above a coupon barrier set at 65% of the initial level on each observation date; otherwise no coupon is paid. The notes are automatically called, starting February 26, 2027, if on a redemption determination date the index is at or above the initial level (100%), returning principal plus the applicable coupon.
If not called and the final index level is at or above a downside threshold of 60% of the initial level, investors receive principal back (plus any final coupon). If it is below 60%, repayment is reduced 1% for each 1% index decline, potentially to zero. The issue price is $1,000 per security, while the estimated value on the pricing date is about $935.70, reflecting issuance, structuring and hedging costs. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured market-linked notes due August 28, 2031 linked to the Russell 2000® Index. The notes are fully and unconditionally guaranteed by Morgan Stanley and are issued in $1,000 denominations with an issue price of $1,000 per note.
The notes pay no periodic interest. At maturity, investors receive at least the stated principal amount, subject to Morgan Stanley’s credit risk. If the index’s final level is above its initial level, the maturity payment equals principal plus 100% of the index’s gain, capped at a maximum payment of $1,676 per note (167.60% of principal). If the final level is at or below the initial level, only principal is repaid.
The estimated value on the pricing date is approximately $975.50 per note, reflecting issuance, selling, structuring and hedging costs. The notes will not be listed on any securities exchange, and secondary trading, if any, may be limited and at prices below par. Tax treatment is expected to follow contingent payment debt instrument rules, requiring accrual of interest income over the term. The underlier is the small‑cap Russell 2000® Index, which can be more volatile than large-cap indices, adding index and liquidity risk to the issuer’s credit risk.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Trigger PLUS structured notes due February 25, 2028, whose return depends on the worst performing of the SPDR Gold Trust (GLD) and the VanEck Gold Miners ETF (GDX). Each security has a stated principal amount of $1,000 and pays no interest.
At maturity, investors receive $1,000 plus a leveraged upside payment if the final level of each underlier is above its initial level; the upside is 150% of the appreciation of the worst performer. If at least one underlier is at or below its initial level but both stay at or above 75% of their initial levels, investors receive only principal. If either underlier closes below its downside threshold (75% of its initial level: $310.38 for GLD and $72.998 for GDX), repayment is reduced 1% for every 1% decline of the worst performer, with no minimum payment, so the investment can be fully lost.
The initial levels are $413.84 for GLD and $97.33 for GDX as of August 19, 2026. The estimated value on the pricing date is about $959.70 per $1,000 security, reflecting issuance, selling, structuring and hedging costs borne by investors. All payments are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and are subject to the issuer’s and guarantor’s credit risk, as well as market, liquidity, commodity, ETF-tracking and tax risks described in detail.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), as guarantor for Morgan Stanley Finance LLC, is offering principal-at-risk Contingent Income Auto-Callable Securities due July 31, 2028, linked to the worst-performing of the Nasdaq-100® Technology Sector Index and the Russell 2000® Index. Each security has a $1,000 stated principal amount and issue price, with an estimated value on the pricing date of about $970.10.
Investors may receive a 9.00% per annum contingent coupon, paid only if on each observation date both indices close at or above their coupon barrier levels, initially set at 70% of each index’s initial level. The notes are auto-callable on specified redemption determination dates if both indices are at or above their call threshold levels, set at 100% of their initial levels, in which case investors receive principal plus the applicable coupon and no further payments.
If the notes are not redeemed early, at maturity investors receive principal back only if each index’s final level is at or above its downside threshold level, also 70% of initial. If either index finishes below its downside threshold, the payout is reduced 1% for each 1% decline of the worst-performing index, potentially down to zero, and no upside participation is provided. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering Contingent Income Memory Auto-Callable Securities due August 21, 2031 linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. The notes have a stated principal amount of $1,000 per security and an aggregate principal amount of $1,000,000.
Investors may receive a contingent coupon at 15.75% per annum, payable only when the index closing level on an observation date is at or above the coupon barrier of 2,433.809 (70% of the 3,476.87 initial level). Missed coupons can be paid later if the barrier is met, but may be lost entirely if it is not.
The notes are auto-callable: if on any redemption determination date the index is at or above the call threshold of 3,476.87 (100% of initial), investors receive early redemption of principal plus the contingent coupon and any unpaid coupons. If held to maturity and the final level is at or above the downside threshold of 2,086.122 (60% of initial), principal is repaid. If the final level is below this threshold, repayment is reduced in proportion to the index decline and can be zero. The estimated value on the pricing date is $945.10 per security, below the $1,000 issue price, reflecting issuance, structuring and hedging costs. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS) due August 28, 2031, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if the index is above its initial level, holders receive $1,000 plus a leveraged upside payment equal to 212% of the index gain. If the index is between the initial level and the buffer level, set at 85% of the initial level, investors receive only $1,000. Below the buffer, principal is reduced 1% for each 1% decline 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 approximately $970.40 per security, reflecting issuance, structuring and hedging costs and Morgan Stanley’s credit spreads, and the notes are subject to Morgan Stanley’s and MSFL’s credit risk with limited secondary market liquidity.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley (symbol MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Trigger Step Securities linked to the least performing of the S&P 500® Index and the EURO STOXX 50® Index, maturing on August 22, 2031. Each Security has an issue price and principal amount of $10 and is fully and unconditionally guaranteed by Morgan Stanley.
If on the Final Valuation Date each index closes at or above its Step Barrier (100% of its Initial Level), holders receive $10 plus the greater of (i) a fixed Step Return of 76.00%–78.00% (set on the Trade Date) and (ii) the index return of the least performing index. If at least one index closes below its Step Barrier but both remain at or above their Downside Thresholds (75% of Initial Level), investors receive only the $10 principal. If either index closes below its Downside Threshold, the payoff is $10 plus $10 times the return of the least performing index, exposing investors to a loss proportionate to the full negative performance, up to a total loss of principal.
The Securities pay no interest or dividends and must generally be held to maturity to benefit from the contingent principal protection and Step Return. The indicative estimated value on the Trade Date is approximately $9.843 per $10 Security, reflecting structuring and hedging costs. Any payment depends on Morgan Stanley’s and MSFL’s creditworthiness, and there may be little or no secondary market.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS with Downside Factor) linked to the worst performer of the iShares S&P 500 Growth ETF, the S&P 500 Equal Weight Index and the S&P 500 Index, maturing on August 21, 2031.
Each security has a $1,000 stated principal amount and issue price, with an aggregate principal amount of $2,837,000. At maturity, if all underliers finish above their initial levels, holders receive principal plus a leveraged upside payment using a 168% leverage factor on the worst performer. If any underlier is at or below its initial level but all remain at or above 75% of initial (the buffer level), holders receive only principal.
If any underlier ends below its 75% buffer level, investors lose 1.3333% of principal for every 1% decline of the worst performer beyond the 25% buffer, with no minimum repayment; the amount can be zero. The estimated value on the pricing date is $997.00 per security, below the issue price, reflecting issuance, structuring and hedging costs borne by investors. Payments depend on the credit of Morgan Stanley Finance LLC and the Morgan Stanley guarantee.
Morgan Stanley, as guarantor for Morgan Stanley Finance LLC, is offering market-linked, auto-callable structured notes maturing August 22, 2029, linked to the worst-performing of Microsoft and NVIDIA common stock. Each security has a $1,000 face amount and an estimated value on the pricing date of $959.60, reflecting issuance, selling, structuring and hedging costs borne by investors.
The notes may be automatically called on August 20, 2027 for a fixed $1,362.50 per security (a 36.25% call premium) if both stocks are at or above their starting prices. If not called, at maturity investors receive 200% of the positive return of the lowest-performing stock, par if that stock finishes between its starting and 50% threshold price, and a one-for-one loss below the 50% threshold, potentially losing more than 50% or all principal. The securities pay no interest or dividends, are subject to Morgan Stanley’s credit risk, may have limited secondary liquidity, and are intended only for investors willing to accept full downside exposure to both underlying stocks.
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 issuing Enhanced Trigger Jump Securities due September 22, 2027, linked to the worst performer of the Russell 2000 Index and the S&P 500 Index. Each unsecured note has a $1,000 stated principal amount and will pay no interest.
At maturity, if the final level of each index is at or above 63% of its initial level, investors receive $1,000 plus a fixed upside payment of $92.50 per security (a 9.25% return), regardless of how much the indices gained. If either index finishes below its downside threshold, repayment equals $1,000 multiplied by the performance of the worst index, producing a 1% loss of principal for each 1% decline and potentially zero return of principal.
The aggregate principal amount is $10,511,000, with an issue price of $1,000 and an estimated value on the pricing date of $996.50 per security, reflecting structuring and hedging costs. The notes are fully and unconditionally guaranteed by Morgan Stanley, subject to its credit risk, are not bank deposits or FDIC insured, may have limited secondary market liquidity, and carry complex and uncertain U.S. tax treatment.
MORGAN STANLEY (MS), through Morgan Stanley Finance LLC, is offering Jump Notes with an auto-callable feature due August 22, 2033, linked to the Morgan Stanley Amplitude Index. Each note has a $1,000 stated principal amount and issue price, with an aggregate principal amount of $342,000.
The notes pay no interest. They are automatically redeemed if, on any determination date from August 24, 2027 onward, the index closing level is at or above the call threshold of 209.656 (101% of the initial level 207.58), for early redemption payments corresponding to about 11.15% per annum, ranging from $1,111.50 on the first call date up to $1,724.75 on the twelfth. If not called and the final index level is at or above the call threshold, investors receive $1,780.50 per note; otherwise they receive only the $1,000 principal at maturity.
The notes are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and will not be listed on any exchange. The underlier is a new, rules-based, multi-asset index with a 5% volatility target and risk-mitigation features, and the notes’ estimated value on the pricing date is $911.10 per note, below the issue price, reflecting structuring and distribution costs.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Buffered Participation Securities linked to the Russell 2000 Index, maturing on August 21, 2031. Each security has a $1,000 stated principal amount, with a total aggregate principal of $1,515,000, and pays no periodic interest.
At maturity, if the index finishes above its initial level of 3,057.540, investors receive principal plus an upside payment equal to 102% of the index’s gain. If the final level is between 80% and 100% of the initial level, investors receive only principal. Below the 80% buffer level of 2,446.032, investors lose 1% of principal for each 1% further decline, but not less than a minimum payment of 20% of principal.
The securities are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and all payments depend on Morgan Stanley’s credit. The estimated value on the pricing date is $981.10 per $1,000 security, reflecting issuance, structuring and hedging costs, and secondary market liquidity may be limited.
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 structured Contingent Income Memory Buffered Auto-Callable Securities due September 1, 2027, linked to the iShares Semiconductor ETF (SOXX). Each security has a $1,000 stated principal amount and issue price, with an aggregate principal amount of $500,000, and is fully and unconditionally guaranteed by Morgan Stanley. The estimated value on the pricing date is $985.30 per security, reflecting issuance, selling, structuring and hedging costs borne by investors.
The notes pay a contingent coupon at 22.50% per annum, but only if SOXX’s closing level on an observation date is at or above the coupon barrier of $440.336 (80% of the $550.42 initial level). Missed coupons may be paid later if the barrier is subsequently met. The notes are automatically redeemed if, on specified redemption determination dates, the underlier is at or above the call threshold of $550.42 (100% of the initial level), returning principal plus due and unpaid coupons. If held to maturity and not called, investors receive principal only if the final level is at or above the buffer level of $440.336; below that, losses accelerate at 1.25% of principal for each 1% decline beyond the 20% buffer, with no minimum payment, so the investment can go to zero. The securities are unsecured, subject to Morgan Stanley’s credit risk, may have limited or no secondary market liquidity, and carry complex tax, volatility, sector and conflict-of-interest risks detailed in the risk disclosures.
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 issuing Trigger PLUS structured notes linked to the worst performer of the iShares S&P 500 Growth ETF, the S&P 500 Equal Weight Index and the S&P 500 Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, an aggregate principal amount of $3,376,000, prices at 100% of principal, and matures on August 21, 2031.
The notes pay no interest and do not guarantee any return of principal. If, on the August 18, 2031 observation date, the final level of each underlier exceeds its initial level, investors receive principal plus a leveraged upside payment equal to 183% of the worst underlier’s percentage gain. If any underlier is at or below its initial level but all remain at or above 70% of their initial levels, only principal is returned. If any underlier closes below its 70% downside threshold, repayment is reduced 1% for each 1% decline of the worst performer, with no minimum; the payment could be zero.
The initial levels are $141.49 for IVW, 8,933.99 for the SPW Index and 7,745.06 for the SPX Index. The estimated value at pricing is $997 per note, below the $1,000 issue price due to issuance, selling, structuring and hedging costs borne by investors. The product carries full issuer and guarantor credit risk and may have limited or no secondary market liquidity.
MORGAN STANLEY (MS), via Morgan Stanley Finance LLC, is issuing market-linked structured notes with a $1,000 face amount per security (aggregate $2,779,000), fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to the worst performer among Amazon.com, Alphabet Class A, and Meta Class A, and may be auto-called on August 20, 2027 for a fixed cash payment of $1,390 per security (a 39% return), after which no further payments are made.
If not called, at maturity on August 22, 2029 investors receive: 300% leveraged upside on the lowest-performing stock if it finishes above its starting price; a “contingent absolute return” up to 40% if that stock is down but not below 60% of its starting price; or full downside exposure if it falls below the 60% threshold, with potential loss of most or all principal. The estimated value on the pricing date is $960.30 per security, reflecting embedded costs and issuer credit spreads. The notes pay no interest or dividends, have limited liquidity, 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 Finance LLC, fully guaranteed by Morgan Stanley (MS), is offering $3,608,000 of market-linked notes with a $1,000 face amount per security, linked to the lowest performing of NVIDIA and AMD common stock and maturing on August 27, 2027.
At maturity, each note pays either $1,345 (face amount plus a 34.50% contingent fixed return) if the lowest performing stock’s ending price is at or above its threshold (60% of its starting price), or $1,000 plus 1‑to‑1 exposure to the negative return of that lowest stock if it is below the threshold, meaning losses of more than 40% and up to the entire principal.
The starting prices are $225.01 for NVIDIA and $506.00 for AMD, with threshold prices at 60% of those levels. The price to the public is $1,000 per note, while the issuer’s estimated value on the pricing date is $989.50, reflecting embedded issuing, selling, structuring and hedging costs. The notes pay no interest or dividends, are subject to Morgan Stanley’s credit risk, and may have little or no secondary market liquidity.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering unsecured Structured Investments "Jump Notes" with an auto-call feature, due September 6, 2033, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Each note has a $1,000 stated principal amount and pays no interest. The notes may be automatically redeemed quarterly from August 31, 2027 onward if the index closing level is at or above the 100% call threshold, paying an early redemption amount that targets about 8.85% per annum and then terminating. If the notes are outstanding to maturity and the final index level exceeds the initial level, investors receive $1,000 plus 100% of the index’s positive return; otherwise they receive only $1,000. The estimated value on the pricing date is approximately $934.20 per note, reflecting issuing, selling, structuring and hedging costs. All payments depend on Morgan Stanley’s and MSFL’s credit and the notes will not be listed on any exchange.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
MORGAN STANLEY (MS), via Morgan Stanley Finance LLC, is offering structured Callable Contingent Income Securities due August 29, 2029, fully and unconditionally guaranteed by Morgan Stanley. These are principal at risk securities linked to the worst performer among the Nasdaq-100® Technology Sector Index, State Street® Health Care Select Sector SPDR® ETF and State Street® Technology Select Sector SPDR® ETF.
Each $1,000 security may pay a contingent coupon at 11.50% per annum, but only if on each observation date all three underliers are at or above their respective coupon barrier levels set at 65% of initial levels. If any underlier is below its barrier on an observation date, no coupon is paid for that period. Starting March 1, 2027, the notes are callable on specified dates, but only if a risk neutral valuation model indicates that redemption is economically rational for the issuer; performance of the underliers alone does not trigger redemption.
At maturity, if not previously redeemed and if the final level of each underlier is at or above its downside threshold level of 60% of its initial level, holders receive the $1,000 principal plus any final coupon. If any underlier finishes below its downside threshold, repayment is reduced proportionally to the worst performer, potentially to zero. The estimated value on the pricing date is approximately $976.40 per $1,000, reflecting issuance, structuring and hedging costs. All payments depend on the credit of Morgan Stanley Finance LLC and Morgan Stanley.
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 principal-at-risk Contingent Income Auto-Callable Securities due October 6, 2027, linked to the American Depositary Shares of Novo Nordisk A/S. Each security has a stated principal amount and issue price of $1,000 and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay a contingent coupon at 10.75% per annum only if, on each observation date, the underlier’s closing level is at or above a coupon barrier set at 65% of the initial level; otherwise no coupon is paid. Beginning with the first redemption determination date on March 1, 2027, the notes are automatically redeemed if the underlier is at or above 100% of the initial level, returning principal plus the applicable coupon. If not called and, at maturity, the final level is at or above the 65% downside threshold, investors receive principal (plus any final coupon); if it is below, repayment is reduced in proportion to the underlier’s decline and can fall to zero.
The estimated value on the pricing date is approximately $968.60 per security, below the $1,000 issue price due to issuing, selling, structuring and hedging costs. Payments depend on Morgan Stanley’s and MSFL’s creditworthiness, secondary market liquidity may be limited, and U.S. tax treatment is described as uncertain with potential withholding for non-U.S. holders.
MORGAN STANLEY (symbol: MS) is the issuer of record for a Form 424B2 filing submitted to the SEC.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley (MS), is offering principal-at-risk Step-Down Jump Securities with auto-call features linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index, maturing on August 29, 2031. Each security has a stated principal and issue price of $1,000, but the estimated value on the pricing date is about $943.10 per security, reflecting structuring and hedging costs.
The notes pay no interest and do not guarantee return of principal. They may auto-redeem quarterly starting August 2027 if the index closes at or above declining call thresholds, for fixed payments rising from $1,146.50 up to $1,720.292 per $1,000, corresponding to roughly 14.65% per annum. If held to maturity and the final index level is at or above 60% of the initial level, investors receive $1,732.50 per security. If the final level is below this downside threshold, repayment is $1,000 times the index performance factor, exposing investors to losses up to their entire investment. Returns are capped and do not participate in index appreciation, and all payments depend on Morgan Stanley’s credit.
Morgan Stanley (MS), via Morgan Stanley Finance LLC, is offering Contingent Income Buffered Auto-Callable Securities linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $913.90.
Investors may receive a 15.00% per annum contingent coupon, paid only if the index level on each observation date is at or above a coupon barrier set at 75% of the initial level. The notes are auto-callable quarterly if the index is at or above 100% of the initial level, returning principal plus the applicable coupon.
If not redeemed early, at maturity in September 2031 investors receive full principal if the final index level is at or above a buffer level of 85% of the initial level; below that, principal is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal. All payments depend on Morgan Stanley’s creditworthiness, and investors do not participate in any index appreciation.
MORGAN STANLEY (MS), via Morgan Stanley Finance LLC, is offering principal-at-risk Trigger PLUS notes due August 24, 2028 linked to the worst performing of Alphabet (GOOG), Amazon (AMZN), Meta (META) and NVIDIA (NVDA). Each security has a stated principal amount of $1,000 and pays no interest.
At maturity, if every stock’s final level is above its initial level, investors receive $1,000 plus a leveraged upside payment equal to 455% of the appreciation of the worst performer. If any stock is at or below its initial level but all are at or above 50% of their initial levels (the downside thresholds), investors receive only $1,000. If any stock finishes below its downside threshold, repayment is reduced one-for-one with the percentage decline of the worst performer, with no minimum; a large drop can result in a total loss.
The estimated value on the pricing date is approximately $956.60 per $1,000 security, reflecting issuance, structuring and hedging costs borne by investors. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and all payments depend on Morgan Stanley’s credit.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering principal-at-risk Callable Contingent Income Securities due August 31, 2029 linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each security has a $1,000 stated principal amount and pays a 10.70% per annum contingent coupon only if on each observation date all three indices are at or above their coupon barrier levels, set at 70% of initial levels.
Starting December 3, 2026, the notes are callable in whole on scheduled redemption dates if a risk neutral valuation model indicates early redemption is economically rational for Morgan Stanley; if called, investors receive principal plus any due coupon and no further payments. If held to maturity and each index is at or above its 60% downside threshold, investors receive principal plus any final coupon; otherwise, they lose 1% of principal for each 1% decline in the worst-performing index, potentially losing their entire investment.
The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value of approximately $985.70 per $1,000 on the pricing date. They are subject to Morgan Stanley’s credit risk, limited liquidity, complex tax treatment, and do not provide any participation in index appreciation.