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 Participation Securities due August 1, 2031, linked to the S&P 500® Index, in $1,000 denominations and fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and are principal at risk obligations subject to the issuer’s and guarantor’s credit.
At maturity, investors receive $1,000 plus 100% of any index gain, capped at a maximum payment of $1,750 per security (175% of principal). If the index is between its initial level and an 85% buffer level, only principal is returned. Below the buffer, investors lose 1% of principal for each 1% decline beyond the 15% buffer, but not less than 15% of principal. The estimated value on the pricing date is approximately $950.70 per $1,000 security due to offering and hedging costs and issuer credit spreads. U.S. tax treatment is expected to follow prepaid financial contract rules, but remains uncertain.
Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, is offering principal-at-risk Callable Contingent Income Securities due July 20, 2028, linked to International Business Machines Corporation common stock, at $1,000 stated principal per security.
The notes pay a 15.00% per annum contingent coupon, credited on scheduled coupon payment dates only if IBM’s closing level on the related observation date is at least 50% of its initial level; otherwise no coupon is paid for that period. Investors do not participate in any upside of the stock.
Beginning January 22, 2027, the notes are callable in whole on specified redemption dates if a risk neutral valuation model indicates early redemption is economically rational for the issuer; in that case holders receive principal plus any due coupon and no further payments. If not called and the final IBM level is at least 50% of the initial level, investors receive principal at maturity (plus the final coupon if the barrier is met). If the final level is below 50%, the maturity payment equals principal multiplied by the ratio of final to initial level, so losses match the stock’s decline and can reach 100% of principal.
The price to the public is $1,000 per security, with estimated value on the pricing date of approximately $975.90 per security, reflecting issuing, selling, structuring and hedging costs. Per security, dealers receive a $10 sales commission and a $1 structuring fee, leaving proceeds to the issuer of $989. All payments are subject to the credit risk of MSFL and Morgan Stanley. For U.S. tax purposes, counsel views the notes as prepaid financial contracts with associated coupons, but the tax treatment is uncertain, and non-U.S. holders may face 30% withholding on coupons.
Morgan Stanley Finance LLC is offering Callable Contingent Income Securities with a stated principal amount of $1,000 per security, fully and unconditionally guaranteed by Morgan Stanley and linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. These notes pay a contingent coupon at 9.90% per annum only on coupon payment dates where the closing level of each index on the related observation date is at least its coupon barrier, set at 70% of its initial level; otherwise, no coupon is paid for that period.
Beginning on July 22, 2027, the issuer may redeem all notes on specified redemption dates for principal plus any due coupon, but only if a risk neutral valuation model indicates calling is economically rational for Morgan Stanley. If the notes are not redeemed and, on the final observation date, the level of each index is at least its downside threshold, set at 60% of its initial level, investors receive principal back (plus any final coupon). If any index finishes below its downside threshold, the maturity payment is $1,000 multiplied by the performance factor of the worst performing index, so losses are 1% of principal for each 1% decline of that index and can reach 100%.
All payments are subject to the credit risk of MSFL and Morgan Stanley. The estimated value on the pricing date is approximately $984.70 per security, below the $1,000 issue price due to issuing, selling, structuring and hedging costs. U.S. tax treatment is uncertain and Non-U.S. Holders may face 30% withholding on coupons.
Morgan Stanley Finance LLC is issuing Buffered PLUS notes due August 3, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and is an unsecured, principal-at-risk obligation.
The payoff depends on the worst performing of the iShares U.S. Medical Devices ETF (IHI) and the State Street Health Care Select Sector SPDR ETF (XLV. If both final levels exceed their initial levels, investors receive principal plus 150.25% of the worst underlier’s gain. If the worst underlier finishes between its initial level and a 90% buffer level, only principal is returned. Below the buffer, investors lose 1% of principal for each 1% additional decline, with a minimum payment of 10% of principal.
The estimated value on the pricing date is approximately $982 per $1,000 security, reflecting issuance, selling, structuring and hedging costs. Returns are subject to Morgan Stanley’s credit risk, potential illiquidity, sector and ETF-specific volatility, and uncertain U.S. tax treatment as prepaid financial contracts, with possible “constructive ownership” and Section 871(m) implications.
Morgan Stanley Finance LLC is offering Buffered PLUS structured notes due August 3, 2028, with a stated principal amount of $1,000 per security, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and are principal-at-risk obligations under Morgan Stanley’s medium-term note program.
Returns depend on the worst performing of the iShares U.S. Medical Devices ETF (IHI) and the State Street Health Care Select Sector SPDR ETF (XLV). If the worst underlier finishes above its initial level, holders receive principal plus 200% leveraged upside, capped at a maximum payment of $1,479 (147.90% of principal). If the worst underlier finishes between 90% and 100% of its initial level, investors receive only principal. Below the 90% buffer, investors lose 1% of principal for each 1% additional decline, but not below a minimum payment of 10% of principal.
The issuer’s estimated value on the pricing date is approximately $974.70 per $1,000, reflecting embedded structuring and hedging costs and lower economic terms than par. The notes carry Morgan Stanley credit risk, may have limited or no secondary market liquidity, and involve complex U.S. federal income tax treatment, including potential application of “constructive ownership” and Section 871(m) rules.
Morgan Stanley Finance LLC is offering Contingent Income Memory Auto-Callable Securities due July 24, 2031, linked to Carvana Co. Class A common stock. Each note has a $1,000 stated principal amount and issue price, with an estimated value of about $933.90 per security on the pricing date.
Investors may receive a contingent coupon at an annual rate of 19.25% on scheduled coupon payment dates, but only when Carvana’s closing share price is at or above a coupon barrier set at 60% of the initial level; missed coupons can be paid later if this barrier is met. The notes are automatically redeemed at par plus due coupons if the stock closes at or above 100% of the initial level on any redemption determination date starting January 21, 2027.
If the notes are not redeemed early and Carvana’s final level on July 21, 2031 is at or above a downside threshold set at 50% of the initial level, investors receive full principal plus any payable coupons. If the final level is below that threshold, repayment is reduced in proportion to the stock’s decline, up to a complete loss of principal. All payments are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with limited secondary liquidity and complex, uncertain U.S. tax treatment.
Morgan Stanley Finance LLC is issuing Contingent Income Auto-Callable Notes due July 21, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount and issue price of $1,000, with an estimated value of approximately $973.70 per note on the pricing date.
The notes are linked to the worst performing of Broadcom Inc., JPMorgan Chase & Co. and Microsoft Corporation common stock. They pay a 10.75% per annum contingent coupon, payable monthly only if on each observation date the closing level of every stock is at or above its coupon barrier level, set at 75% of its initial level. If any stock is below its barrier, no coupon is paid for that period.
Beginning July 16, 2027, the notes are automatically redeemed if on a redemption determination date each underlier is at or above 100% of its initial level, returning the stated principal plus the applicable coupon. If never redeemed early, at maturity investors receive the stated principal amount plus a final contingent coupon if the barrier condition is met. Key risks include reliance on the worst-performing stock, the credit risk of Morgan Stanley and MSFL, potential illiquidity, an estimated value below the issue price, and complex U.S. tax treatment.
Morgan Stanley Finance LLC offers Dual Directional Buffered Participation Securities with a stated principal amount of $1,000 per security, fully and unconditionally guaranteed by Morgan Stanley and linked to the worst performer of the Nasdaq-100 Index and the S&P 500 Index. The notes pay no interest and mature on October 25, 2027. If both indices finish above their initial levels, holders receive principal plus 100.25% of the worst index’s gain. If the worst index declines by up to the 10% buffer, investors receive a positive return equal to 150% of that decline in absolute terms, effectively capped at a 15% gain. If the worst index falls beyond the buffer, principal is reduced 1% for each additional 1% decline, subject to a minimum payment of 10% of principal.
All payments depend on Morgan Stanley’s credit; the securities are unsecured, not bank deposits and not FDIC insured. The estimated value on the pricing date is approximately $983.10 per $1,000 note, reflecting issuance, structuring and hedging costs and creating expected secondary-market pricing below par. Liquidity may be limited and secondary prices will be sensitive to issuer credit spreads, volatility and market conditions. U.S. tax treatment is expected to follow prepaid financial contract treatment as an open transaction, but this is uncertain and could change. As context, on July 15, 2026 the Nasdaq-100 Index closed at 29,502.60 and the S&P 500 Index at 7,572.40.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Jump Securities with an auto-callable feature linked to Quanta Services, Inc. common stock. Each security has a $1,000 stated principal amount and issue price, with an estimated value of approximately $930.10 per security on the pricing date.
The notes pay no interest and do not participate in stock gains. Beginning July 28, 2027, they are automatically redeemed on scheduled determination dates if the stock closes at or above 100% of its initial level, for fixed cash payments that step up from $1,165.00 to $1,811.25 per $1,000 security, corresponding to a return of approximately 16.50% per annum. If held to July 24, 2031 without early redemption and the final level is at least the call threshold, investors receive $1,825.00; if the final level is between 50% and 100% of the initial level, they receive only principal. Below 50%, repayment falls in proportion to the decline in the underlier, potentially to zero.
The securities are unsecured obligations of MSFL, guaranteed by Morgan Stanley, and all payments are subject to Morgan Stanley’s credit. Market value can be depressed by issuance costs and credit spreads, liquidity in secondary trading may be limited, and U.S. federal tax treatment is uncertain, with the issuer expecting treatment as prepaid financial contracts.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Enhanced Trigger Jump Securities linked to the S&P 500 Futures Excess Return Index. Each note has a $1,000 stated principal amount, a July 22, 2026 strike date and matures on July 25, 2031.
If the final index level on July 22, 2031 is at or above 70% of the initial level, holders receive $1,000 plus the greater of the index gain or a fixed $520 upside payment per security, ensuring at least a 52% return in that scenario. If the final level falls below 70% of the initial level, repayment is $1,000 multiplied by final level divided by initial level, producing a 1:1 loss of principal with the index decline and potentially zero recovery.
The securities pay no interest, offer no principal protection and are unsecured obligations subject to the credit of MSFL and Morgan Stanley. The estimated value on the pricing date is about $984.70 per $1,000 security. Secondary-market liquidity may be limited, tax treatment is uncertain, and returns can differ materially from a direct investment in the underlier.