Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering unsecured, auto-callable Jump Notes due October 28, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest, and is linked to the worst performer of the Russell 2000, Nasdaq‑100 Technology Sector Index, and S&P 500. The notes may be automatically redeemed on scheduled determination dates if each underlier is at or above its call threshold (100% of initial level), delivering a fixed cash amount that equates to approximately 5.60% per annum.

The first determination date is April 23, 2026. If not called, at maturity investors receive a fixed positive return only if each underlier is at or above its call threshold; otherwise, they receive the stated principal amount. The indicative early redemption payments range from $1,028 (April 2026) up to $1,266 (July 2030), with a stated $1,280 maturity payment in the favorable case. The estimated value on the pricing date is approximately $977.30 per note; all payments are subject to the issuer’s and guarantor’s credit risk. The notes will not be listed on any exchange.

Morgan Stanley Finance LLC is offering fixed income auto-callable securities due October 28, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes pay a fixed 18.00% annual coupon (paid monthly) and are linked to the worst performing of the common stocks of NVIDIA (NVDA), Tesla (TSLA) and Oracle (ORCL). They are unsecured, principal-at-risk obligations issued under the Series A Global Medium‑Term Notes program.

The securities auto-redeem if on any redemption determination date each underlier is at or above its 100% call threshold, paying the stated principal plus the coupon for that period; the first determination date is April 23, 2026. If not redeemed, at maturity investors receive principal only if each underlier is at or above its 65% downside threshold; otherwise, repayment is reduced 1% for each 1% decline of the worst performer. The issue price is $1,000 per note; the estimated value on the pricing date is approximately $959.80 per note. The notes are not listed on any exchange and all payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities due October 22, 2030, fully and unconditionally guaranteed by Morgan Stanley. The notes reference the worst performing of the S&P 500 Index, Russell 2000 Index and SPDR S&P Regional Banking ETF, pay a 12.50% per annum contingent coupon only when each underlier closes at or above its coupon barrier on the observation date, and may be automatically redeemed if each underlier is at or above its call threshold (100% of initial) on a redemption determination date.

If not called, at maturity investors receive the stated principal amount only if each underlier is at or above its downside threshold (70% of initial). Otherwise, the payoff is reduced 1% for each 1% decline of the worst performer, potentially to zero; no upside participation applies. Each security is priced at $1,000 with an estimated value on the pricing date of approximately $983.40 per security. The first redemption determination date is April 17, 2026, and the notes will not be listed. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering auto-callable Jump Notes due October 28, 2030 linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index. The notes are issued at $1,000 per note, pay no interest, and may be automatically redeemed if the underlier closes at or above the call threshold on scheduled determination dates.

The call threshold equals 100% of the initial level. Early redemption payments step up over time, starting at $1,075.00 on October 29, 2026 and rising to $1,356.25 by July 26, 2030, corresponding to a return of approximately 7.50% per annum. If not redeemed and the final level is at or above the threshold, investors receive a fixed positive return at maturity; otherwise, they receive only the stated principal amount.

Key dates include a strike/pricing date of October 23, 2025 and a first determination date of October 26, 2026. The estimated value on the pricing date is approximately $963.30 per note (or within $55 of that estimate). The notes are unsecured, not listed on any exchange, and all payments are subject to the issuer’s and guarantor’s credit risk. The underlier includes a 4% per annum decrement and volatility targeting features.

Morgan Stanley Finance LLC is offering principal-at-risk Contingent Income Memory Auto‑Callable Securities due November 2, 2028, linked to the worst performing of the S&P 500 Index and EURO STOXX 50 Index. The notes pay a contingent coupon at 8.55% per annum only if each index closes at or above its coupon barrier on the observation date; missed coupons may be paid later if conditions are met.

The notes auto‑redeem if, on a redemption determination date, each index is at or above its 100% call threshold, beginning April 30, 2026. If not called, at maturity investors receive principal only if each index is at or above its 80% downside threshold; otherwise, repayment is reduced one‑for‑one with the worst index’s decline and could be zero. Issue price is $1,000 per security, with a fixed sales commission of $20 per security; the preliminary estimated value is approximately $972.40 per security. All payments are subject to the credit of Morgan Stanley; the notes will not be listed.

Morgan Stanley Finance LLC launched preliminary terms for fixed-income auto-callable securities linked to Palantir Technologies Inc. (Class A), fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, an issue price of $1,000, and pays a fixed coupon at 13.75% per annum, with monthly payments. The notes may be automatically redeemed if the underlier is at or above the call threshold (100% of the initial level) on specified determination dates, paying principal plus the coupon for that period. The notes are principal at risk and are unsecured obligations subject to the issuer’s and guarantor’s credit risk.

If not called, the notes mature on April 26, 2027. At maturity, if the final level is at or above the downside threshold (50% of the initial level), investors receive the stated principal amount plus the final coupon; if below, repayment is reduced 1% for each 1% decline in the underlier, potentially to zero, though the final coupon is still paid. The estimated value on the pricing date is approximately $966.20 per security. Key dates: strike/pricing October 21, 2025, original issue October 24, 2025, first redemption determination date January 21, 2026. The notes will not be listed on any exchange.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, announced preliminary terms for Jump Securities with an auto-call feature due October 31, 2030, linked to the worst performer among the Dow Jones Industrial Average, S&P 500 Index and Russell 2000 Index. Each security has a $1,000 issue price and an estimated value on the pricing date of approximately $963.10 per security. The notes pay no interest and are principal-at-risk.

The securities auto-redeem if, on a determination date starting April 29, 2026, each index is at or above its call threshold (100% of its initial level), for fixed cash payments that step up from $1,050 to $1,475 per security. If held to maturity and each index is at or above its call threshold, the payment is $1,500 per security. If any index is below its call threshold but all are at or above the downside threshold (75% of initial), investors receive only the $1,000 stated principal amount. If any index is below its downside threshold, repayment is reduced one-for-one with the worst performer’s decline, potentially to zero. The notes will not be listed; all payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Buffered PLUS linked to the S&P 500 Index. These principal-at-risk notes pay no interest and mature on November 20, 2026. At maturity, you receive the $1,000 stated principal plus leveraged gains at a 150% rate if the index rises, capped at $1,117.50 per security. If the index is flat to down but no lower than the 10% buffer, you receive $1,000. Below the buffer, losses match the decline beyond 10%, subject to a minimum payment of 10% of principal.

The initial level is 6,644.31 (strike date October 14, 2025), with a buffer level of 5,979.879. The final level is the average of 10 dates in November 2026. The notes are unsecured obligations subject to MS/MSFL credit risk, will not be listed, and may have limited liquidity. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $989.60 per security. The issuer uses an internal funding rate and includes issuing, selling, structuring and hedging costs in the price, which can reduce secondary market values.

Morgan Stanley Finance LLC plans to offer Callable Contingent Income Securities due October 25, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a 12.00% annual contingent coupon only if, on each observation date, the closing level of all three underliers—the Real Estate Select Sector SPDR Fund (XLRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Russell 2000 Index (RTY)—is at or above a coupon barrier set at 70% of its initial level.

The notes may be redeemed early, in whole, starting April 23, 2026, if and only if a risk neutral valuation model indicates redemption is economically rational for the issuer compared to not redeeming. If held to maturity and each underlier’s final level is at or above its 70% downside threshold, investors receive the $1,000 stated principal (plus any final coupon if payable). If any underlier finishes below its threshold, repayment is reduced 1% for each 1% decline of the worst performer, potentially to zero.

Issue price is $1,000 per security, with an estimated value of approximately $981 on the pricing date. The securities will not be listed. All payments are subject to the issuer’s and guarantor’s credit risk.