Morgan Stanley filings document the company’s financial services business, capital structure, governance and material events. The record includes 8-K reports for current events, proxy materials for annual meeting and shareholder voting matters, and securities listings covering common stock, depositary preferred shares and medium-term notes associated with Morgan Stanley Finance LLC.
Filings also disclose governance procedures, registered security classes, NYSE listing information, preferred stock series, debt-security registration matters and formal status changes such as a Form 25 notice for removal of a listed note class from exchange registration.
Morgan Stanley Finance LLC is offering Buffered PLUS notes due August 2, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 security pays no interest and is linked to the worst performing of Alphabet, Amazon, Microsoft and NVIDIA common stocks.
At maturity, if the final level of each stock exceeds its initial level, holders receive $1,000 plus a 400% leveraged upside on the worst performer. If any stock ends below its initial level but all remain at or above 70% of initial (a 30% buffer), investors receive only principal. If any stock finishes below its buffer level, principal is reduced 1% for each 1% decline of the worst performer beyond the 30% buffer, subject to a minimum payment of 30% of principal.
The securities are unsecured, subject to Morgan Stanley’s credit risk, have an estimated value of about $974.60 per $1,000 on the pricing date, may have limited or no secondary market, and carry complex tax and underlier-specific risks.
Morgan Stanley Finance LLC is offering Trigger PLUS notes, fully and unconditionally guaranteed by Morgan Stanley, linked to the worst performer of the S&P 500 Index and the VanEck Semiconductor ETF. The notes pay no interest and do not guarantee return of principal.
At maturity on August 2, 2028, if the final level of each underlier on the July 28, 2028 observation date is above its initial level, investors receive $1,000 plus a leveraged upside payment equal to 239% of the worst underlier’s gain. If the worst underlier is at or below its initial level but at or above 75% of its initial level, investors receive only the $1,000 principal. If the worst underlier falls below 75% of its initial level, repayment is reduced 1% for each 1% decline, with no minimum payment, so the entire investment can be lost.
Illustratively, a 5% gain in the worst underlier pays $1,119.50, while an 85% loss pays $150. The original issue price is $1,000 per note, but the estimated value on the pricing date is approximately $953.20, reflecting issuance, structuring and hedging costs. All payments are subject to the credit risk of MSFL and Morgan Stanley.
Morgan Stanley Finance LLC is offering Enhanced Buffered Jump Securities, $1,000 principal-at-risk notes due August 19, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to an equally weighted basket of seven large semiconductor-related stocks and pay no interest.
At maturity, if the basket’s final level is at or above the 80% buffer level, investors receive $1,000 plus a fixed upside payment of at least $194.50 per note (at least 19.45% return), regardless of how high the basket rises. If the final level is below the buffer, principal is reduced by 1.25% for each 1% decline beyond the 20% buffer, with no minimum repayment, so the investment can lose all principal. The initial economic value is lower than issue price, with an estimated value of about $961.20 per $1,000 note, reflecting structuring, hedging and distribution costs, including up to $10 per $1,000 in placement fees. U.S. tax treatment is uncertain; the issuer reasonably expects to treat the notes as prepaid financial contracts, and notes are expected to be outside Section 871(m) withholding, subject to confirmation on the pricing date.
Morgan Stanley Finance LLC is offering principal-at-risk structured notes, fully guaranteed by Morgan Stanley, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index and maturing on August 5, 2031. Each security has a $1,000 stated principal amount and issue price.
Investors may receive a 10.15% per annum contingent coupon, paid on scheduled dates only if the index’s closing level is at least 75% of the initial level; missed coupons can be paid later if the barrier is subsequently met. The notes are auto-callable from July 30, 2027 onward if the index is at least 90% of the initial level, in which case holders receive $1,000 plus due coupons and no further payments.
If not called, at maturity investors receive $1,000 only if the final index level is at least the 85% buffer level. Below this, principal is reduced 1% for each 1% decline beyond the 15% buffer, with a minimum payment of 15% of principal. The estimated value on the pricing date is about $900.70 per security, below the issue price, reflecting fees and structuring/hedging costs. Payments depend on Morgan Stanley’s credit, and secondary market liquidity may be limited.
Morgan Stanley Finance LLC is offering Callable Contingent Income Securities due July 29, 2030, fully and unconditionally guaranteed by Morgan Stanley, with principal at risk. The notes are linked to the worst performer of three ETFs: Global X Uranium ETF (URA), State Street® Energy Select Sector SPDR® ETF (XLE) and State Street® Financial Select Sector SPDR® ETF (XLF).
Each $1,000 security has an issue price of $1,000 and aggregate principal of $1,252,000, with an estimated value on the pricing date of $956.40. A contingent coupon at 20.00% per annum is payable only if on each observation date all three underliers are at or above their coupon barrier levels (70% of initial levels: URA $27.923, XLE $41.734, XLF $39.417). The notes are callable in whole, but not in part, on specified redemption dates starting July 30, 2027, if a risk neutral valuation model indicates calling is economically rational for the issuer.
If not redeemed early and on the final observation date each underlier is at or above its downside threshold level (60% of initial: URA $23.934, XLE $35.772, XLF $33.786), investors receive the stated principal plus any final contingent coupon. If any underlier finishes below its downside threshold, repayment is reduced 1% for each 1% decline of the worst-performing underlier, down to zero. Payments are unsecured obligations of MSFL, guaranteed by Morgan Stanley, and are subject to their credit risk; the product also carries sector concentration, market, liquidity and complex U.S. tax risks.
Morgan Stanley Finance LLC is issuing Dual Directional Buffered PLUS, unsecured structured notes fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount, with an aggregate principal of $1,189,000, priced on July 24, 2026 and maturing on July 27, 2029. The notes pay no interest and expose investors to issuer credit risk.
At maturity, if the index is above the initial level of 592.71, investors receive principal plus 137.40% of the index gain. If the final level is at or below the initial level but at or above the buffer level of 474.168 (80% of initial), investors receive principal plus up to a 20% positive return based on the absolute decline. Below the buffer, investors lose 1% of principal for each 1% additional index decline, subject to a minimum payment of 20% of principal.
The estimated value on the pricing date is $978 per security, below the $1,000 issue price, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s funding spread. The securities are intended for fee-based advisory accounts, involve limited liquidity, complex tax treatment and significant market and credit risks, and are not equivalent to direct investment in the underlying index.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering $2,000,000 of Jump Securities with an auto-callable feature due July 27, 2028, linked to the worst performing of Broadcom Inc. (AVGO) and NVIDIA Corporation (NVDA), at $1,000 per security. These unsecured notes are fully and unconditionally guaranteed by Morgan Stanley, do not pay interest and expose investors to full principal loss based on equity performance and Morgan Stanley’s credit.
The notes auto-redeem on August 9, 2027 for $1,500 per security if on August 5, 2027 each stock is at or above its call threshold, set at 100% of its initial level (AVGO $396.81, NVDA $212.06). If not called, payment at maturity depends on the worst performer: if both final levels exceed initial levels, holders receive principal plus a 300% participation in the worst underlier’s gain; if either is at or below its initial level but both stay at or above the downside thresholds (60% of initial: AVGO $238.086, NVDA $127.236), only principal is repaid; if either falls below its downside threshold, repayment equals principal times that worst underlier’s performance factor, potentially zero.
The issue price includes selling, structuring and hedging costs, so the estimated value on the pricing date is $973.80 per $1,000 security. Agent commissions are up to $15 per security, and secondary market liquidity and tax treatment (including Section 871(m) considerations for Non-U.S. Holders) are subject to the detailed risks described.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Contingent Income Auto-Callable Securities due July 26, 2029, linked to the worst performing of the iShares Russell 2000 ETF (IWM) and the State Street Technology Select Sector SPDR ETF (XLK). The notes are unsecured, principal-at-risk obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with a denomination of $1,000 and an aggregate principal amount of $6.5 million.
The notes pay a contingent coupon at 12.50% per annum only if on each observation date both underliers are at or above their coupon barrier levels, set at 70% of initial levels (IWM: $205.653; XLK: $126.189). If on any redemption determination date both underliers are at or above their call thresholds (100% of initial levels), the notes are automatically redeemed early for principal plus the applicable coupon, and no further payments are made.
If not called, at maturity investors receive principal back only if both final underlier levels are at or above their downside thresholds (same 70% barriers). Otherwise, repayment is reduced proportionately to the decline of the worst performer and can fall to zero. The estimated value on the pricing date is $973.50 per security (below the $1,000 issue price), reflecting issuer costs and margins. All payments depend on Morgan Stanley’s creditworthiness, secondary market liquidity may be limited, and U.S. tax treatment is complex, with potential 30% withholding for many non-U.S. holders.
Morgan Stanley (MS), through Morgan Stanley Finance LLC, is offering Jump Securities with an auto-callable feature maturing July 26, 2029, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with principal at risk and no interest payments.
Each security has a $1,000 stated principal amount and issue price, for an aggregate principal amount of $662,000. The notes may be automatically redeemed on set determination dates starting July 30, 2027 if each index is at or above its call threshold (100% of its initial level), paying early redemption amounts of $1,170 or $1,340 per security, corresponding to approximately 17% per annum. If held to maturity and not earlier redeemed, payoff depends on the worst-performing index: full principal plus upside if all final levels exceed initial levels, principal only if all remain at or above their downside thresholds (70% of initial), and a proportional loss (down to zero) if any index finishes below its downside threshold.
The initial index levels are 51,711.65 (INDU), 28,454.81 (NDX) and 2,940.163 (RTY). The participation rate on upside is 150% of the worst performer’s percentage gain. The issuer’s estimated value on the pricing date is $957.50 per security, below the $1,000 issue price due to embedded costs and structuring and hedging. All payments are subject to Morgan Stanley’s and MSFL’s credit risk, and the offering includes complex market, liquidity, conflict-of-interest and U.S. federal tax considerations.
MORGAN STANLEY (MS), via Morgan Stanley Finance LLC, is offering $3,225,000 of Callable Contingent Income Buffered Securities linked to the iShares Bitcoin Trust ETF. Each security has a $1,000 principal amount and pays a 16.30% per annum contingent coupon only when the ETF’s closing level is at or above the $29.872 coupon barrier on scheduled observation dates.
The notes may be redeemed early at par plus any due coupon if a risk neutral valuation model indicates it is economically rational for Morgan Stanley to call, starting August 27, 2026. If held to January 27, 2027 and the final ETF level is at or above the 80% buffer level, investors receive principal back (plus any final coupon). Below the buffer, principal loss is magnified at 1.25% for each 1% decline beyond the 20% buffer, with no minimum repayment. The initial ETF level is $37.34, and the estimated value on the pricing date is $981.30 per $1,000 note, reflecting issuance, structuring and hedging costs. All payments are subject to Morgan Stanley’s credit risk and the significant volatility and regulatory risks of bitcoin-related assets.