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, fully guaranteed by Morgan Stanley, is offering $1,058,000 of Callable Contingent Income Securities due July 26, 2029 at $1,000 per security. These principal-at-risk notes are linked to the worst performer of the Dow Jones Industrial Average, Russell 2000 Index and State Street Technology Select Sector SPDR ETF.
Investors may receive a 12.85% per annum contingent coupon, paid only when each underlier closes at or above its coupon barrier (70% of its initial level). If any final underlier level is below its downside threshold (60% of initial), principal is reduced 1% for each 1% decline in the worst performer, potentially to zero.
The issuer may redeem the notes on scheduled redemption dates if a risk neutral valuation model indicates early redemption is economically rational for Morgan Stanley. The securities are unsecured obligations of MSFL, subject to Morgan Stanley’s guarantee and overall credit risk. The estimated value on the pricing date is $981.10 per security, below the issue price.
Morgan Stanley Finance LLC is issuing $1,500,000 of Contingent Income Memory Auto-Callable Securities, at $1,000 per note, fully and unconditionally guaranteed by Morgan Stanley and linked to the worst performer of the S&P 500 Equal Weight Index and the S&P 500 Index. The notes pay a 9.68% per annum contingent coupon, but only if on each observation date both indices are at or above their coupon barrier levels, set at 80% of their initial levels. Automatic early redemption can occur quarterly from November 2, 2026 if both indices are at or above their call thresholds (100% of initial levels), returning principal plus due and unpaid coupons. If not redeemed and at maturity either index finishes below its downside threshold (also 80% of initial), principal is reduced 1% for each 1% decline of the worst-performing index, potentially to zero. The estimated value on the pricing date is $985.70 per note, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering Buffered Performance Leveraged Upside Securities (Buffered PLUS) linked to the KraneShares CSI China Internet ETF, fully and unconditionally guaranteed by Morgan Stanley. These unsecured notes have a July 26, 2032 maturity and a $1,000 stated principal amount, with an aggregate principal of $2,710,000.
The notes provide 200% leveraged upside on ETF gains, subject to a maximum payment at maturity of $2,400 per note (240% of principal). A 10% downside buffer protects against moderate losses: if the ETF is down 10% or less at valuation, investors receive par. Below that level, investors lose 1% of principal for each 1% additional decline, but not less than the $100 minimum (10% of principal). The initial share price is $27.02, with the breakeven buffer level at $24.318.
The notes pay no interest, are not listed on any exchange, and their market value may be significantly below issue price. The estimated value on the pricing date is $963 per note versus the $1,000 issue price, reflecting $35 per note in selling and structuring costs. Holders are exposed to the credit risk of Morgan Stanley and to sector, emerging market, currency, liquidity and tax risks specific to this China internet ETF-linked structure.
Morgan Stanley Finance LLC is offering Contingent Income Memory Securities due August 3, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 security pays a contingent coupon at 10.65% per year, but only if on each observation date the common stocks of Johnson & Johnson, JPMorgan Chase & Co. and Target Corporation are all at or above their respective coupon barrier levels, set at 50% of each stock’s initial level. Missed coupons can be “memorized” and paid later if all underliers are again at or above their barriers.
At maturity, investors receive the $1,000 principal only if the final level of each underlier is at or above its 50% downside threshold. If any underlier finishes below its downside threshold, the payoff is reduced in proportion to the percentage decline of the worst-performing stock, and the return of principal could be zero. The notes do not participate in any stock appreciation and expose investors to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley, limited secondary market liquidity, complex U.S. tax treatment and potential withholding for non‑U.S. holders. The estimated value on the pricing date is approximately $982.70 per security, below the $1,000 issue price due to issuing, selling, structuring and hedging costs.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $440,000 of Buffered PLUS notes due July 24, 2031, linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and expose investors to both market risk and issuer credit risk.
Each $1,000 note offers 200% leveraged upside if the index finishes above the initial level of 600.53. Principal is fully protected only down to a 20% buffer (buffer level 480.424); below that, losses match index declines beyond the buffer, with a minimum payout of 20% of principal. The estimated value on the pricing date is $966 per note, reflecting structuring and hedging costs and a lower issuer funding rate. Liquidity may be limited and tax treatment is uncertain.
Morgan Stanley Finance LLC is offering Jump Securities with an auto-callable feature due July 25, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, issue price of $1,000, and total aggregate principal of $1,315,000.
The notes are linked to the worst performing of Broadcom Inc. (AVGO) and NVIDIA Corporation (NVDA) common stocks, with initial levels of $378.16 for AVGO and $203.28 for NVDA. An automatic early redemption on August 5, 2027 pays $1,521.50 per security if, on the August 2, 2027 determination date, each underlier’s closing level is at or above its call threshold (100% of its initial level).
If not redeemed early, at maturity investors receive (a) principal plus upside based on a 300% participation rate if both final levels exceed initial levels; (b) principal only if both final levels are at or above 60% downside thresholds; or (c) a loss of 1% of principal for each 1% decline of the worst performer below its initial level if either finishes below its downside threshold. The estimated value on the pricing date is $977.40 per security, reflecting issuance and structuring costs, and all payments are subject to the credit risk of MSFL and Morgan Stanley, with no principal protection or interest.
Morgan Stanley Finance LLC is issuing Contingent Income Memory Auto-Callable Securities due January 25, 2029, linked to the common stock of International Business Machines Corporation and fully guaranteed by Morgan Stanley. These are principal-at-risk, unsecured notes with a stated principal of $1,000 per security and an aggregate principal amount of $2,500,000.
The notes pay a contingent coupon at 16.50% per annum only when the IBM closing price on an observation date is at or above the coupon barrier level of $126.30 (60% of the initial level). Unpaid coupons may be "remembered" and paid later if a future observation meets the barrier. The notes are automatically redeemed if IBM’s closing level on a redemption determination date is at or above the call threshold of $210.50 (100% of the initial level), returning principal plus applicable coupons.
If not called, and the final IBM level on January 22, 2029 is at or above the downside threshold of $126.30, investors receive full principal plus any due coupons. If the final level is below the downside threshold, repayment is reduced in proportion to IBM’s decline, potentially to zero. The estimated value on the pricing date is $970.10 per $1,000, reflecting issuance, structuring and hedging costs and the issuer’s credit spreads.
Morgan Stanley Finance LLC is offering Jump Securities with an auto-callable feature linked to the common stock of Quanta Services, Inc., fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, with an aggregate principal amount of $268,000, issued at par through Morgan Stanley & Co. LLC.
The notes pay no interest and do not guarantee return of principal. They are automatically redeemed on scheduled determination dates if Quanta’s closing level is at or above the $639.20 call threshold level, for fixed early redemption payments that correspond to an annualized return of approximately 16.50%. If held to maturity on July 24, 2031 and not called, investors receive $1,825 per security if the final level is at or above the call threshold, par if the final level is between the call threshold and the $319.60 downside threshold, and par multiplied by the performance factor if below the downside threshold, exposing investors to full downside in the stock.
The securities are unsecured obligations of MSFL, subject to Morgan Stanley’s guarantee and credit risk. The estimated value on the pricing date is $927.20 per security, reflecting structuring and hedging costs and a rate advantageous to the issuer. Liquidity may be limited and secondary prices are expected to be below the issue price.
Morgan Stanley Finance LLC is offering Contingent Income Memory Auto-Callable Securities due July 24, 2031, linked to Carvana Co. Class A common stock, fully and unconditionally guaranteed by Morgan Stanley. The notes have a stated principal amount of $1,000 each and an aggregate principal amount of $296,000, with an issue price of $1,000 and an estimated value on the pricing date of $934 per security.
Investors may receive a 19.25% per annum contingent coupon only when the underlier’s closing level is at or above the coupon barrier level of $39.348. The notes are auto-callable if the underlier is at or above the call threshold of $65.58 (100% of the initial level) on specified redemption determination dates, returning principal plus due coupons. If not called and the final level is below the downside threshold of $32.79 (50% of initial), repayment is reduced in proportion to the underlier’s decline, and investors can lose up to their entire principal. All payments depend on Morgan Stanley’s credit, and the securities may be illiquid and carry complex tax treatment.
Morgan Stanley Finance LLC is issuing contingent income auto-callable securities due June 26, 2028, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, in $1,000 denominations and an aggregate principal amount of $522,000. The notes pay a 9.15% per annum contingent coupon only if on each observation date all three indices are at or above their respective coupon barrier levels, set at 70% of initial levels. The notes may be automatically redeemed quarterly from October 21, 2026 onward if all indices are at or above their call thresholds, set at 100% of initial levels, for principal plus the applicable coupon.
If not redeemed early, principal is repaid at maturity only if each index’s final level is at or above its downside threshold, set at 60% of its initial level; otherwise, investors lose 1% of principal for each 1% decline in the worst-performing index, potentially losing the entire investment. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value on the pricing date of $983.90 per $1,000 note, and all payments are subject to Morgan Stanley’s credit risk.