Morgan Stanley (MS) prospectus addendum for depositary shares, Series E (April 8, 2026)

Rhea-AI Filing Summary

Morgan Stanley files a prospectus addendum dated April 8, 2026 for depositary shares, each representing 1/1,000th of a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E. The addendum directs readers to the accompanying prospectus dated April 8, 2026, which supersedes the prior prospectus dated November 21, 2011.

The addendum states that Morgan Stanley & Co. LLC and affiliates may use the addendum for offers and sales in market-making transactions. The depositary shares are not bank deposits and are not FDIC insured.

Key Figures

Depositary share ratio: 1/1,000th of a share Prospectus addendum date: April 8, 2026

2 metrics

Depositary share ratio 1/1,000th of a share per depositary share for Preferred Stock, Series E

Prospectus addendum date April 8, 2026 date of the prospectus addendum and accompanying prospectus

Key Terms

Depositary Shares, Fixed-to-Floating Rate, Non-Cumulative Preferred Stock, Prospectus Addendum

4 terms

Depositary Shares financial

"DEPOSITARY SHARES EACH REPRESENTING 1/1,000TH OF A SHARE"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

Fixed-to-Floating Rate financial

"FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK"

A fixed-to-floating rate is a type of loan or investment that starts with a fixed interest rate for a certain period, meaning the payments stay the same, then switches to a variable rate that can change over time based on market conditions. This matters because it offers the stability of fixed payments initially, but also the flexibility to benefit if interest rates drop later.

Non-Cumulative Preferred Stock financial

"NON-CUMULATIVE PREFERRED STOCK, SERIES E"

Preferred stock that pays a fixed dividend but does not require the company to make up missed payments later; if a dividend is skipped, shareholders lose that income permanently rather than accumulating a balance the company must repay. Investors care because this structure offers higher priority than common shares for payouts but less protection for dividend income, so it’s a trade-off between steady yield and the risk of permanent missed payments.

Prospectus Addendum regulatory

"Prospectus Addendum to the Prospectus dated April 8, 2026"

Offering Details

other

Offering

Offering Type other

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Accepted by SEC EDGAR 04/08/2026 - 11:32 AM Learn about SEC filing dates

FAQ

What does Morgan Stanley (MS) prospectus addendum announce?

It adds terms for depositary shares representing a preferred series and refers to the April 8, 2026 prospectus. The addendum updates references from a prior prospectus and explains market-making use by Morgan Stanley affiliates.

What exactly are the depositary shares in the MS addendum?

Each depositary share represents 1/1,000th of a preferred share. They relate to Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, with final terms set in the prospectus supplement.

Will Morgan Stanley receive proceeds from these depositary share sales (MS)?

The addendum does not state proceeds treatment for the issuer. It notes Morgan Stanley & Co. LLC and affiliates may sell in market-making transactions; the prospectus supplement gives specific offering mechanics.

Are the depositary shares insured or bank obligations (MS)?

No — the addendum states the depositary shares are not deposits and are not FDIC insured. They are not obligations or guarantees of any bank or government agency.

Where can I find the specific terms for the offered depositary shares (MS)?

The specific terms appear in the prospectus supplement referenced by the addendum. The addendum instructs readers to read the prospectus supplement together with the April 8, 2026 prospectus.

Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-293641

Prospectus Addendum to 

the Prospectus dated April 8, 2026

DEPOSITARY SHARES
EACH REPRESENTING 1/1,000^TH OF A SHARE OF

FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK,

SERIES E

You should read the accompanying prospectus supplement, which gives the specific terms of the offered depositary shares, together with the accompanying prospectus dated April 8, 2026 of Morgan Stanley. When you read the prospectus supplement with the specific terms of the offered depositary shares, please note that all references in the prospectus supplement to the prospectus dated November 21, 2011, or to any sections of that document, should refer instead to the accompanying prospectus dated April 8, 2026, or to the corresponding section of the accompanying prospectus.

The accompanying prospectus dated April 8, 2026 supersedes the prospectus dated November 21, 2011.

Morgan Stanley & Co. LLC will, and other affiliates of Morgan Stanley may, use this prospectus addendum in connection with offers and sales of the depositary shares in market-making transactions.

The depositary shares are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality, nor are they obligations of, or guaranteed by, a bank.

MORGAN STANLEY

April 8, 2026