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 Trigger Participation Securities due July 20, 2028 based on the cash price of copper grade A, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and is principal at risk.
At maturity, if the final commodity price is above the initial commodity price of $13,555, investors receive $1,000 plus 100% of the commodity’s percentage gain. If the final price is at or below the initial price but at or above the trigger level of $8,959.855 (66.10%), investors receive $1,000. If the final price is below the trigger, the payoff is $1,000 multiplied by the commodity performance factor, producing a 1-for-1 loss with no minimum payment, so the entire investment can be lost.
The estimated value on the pricing date is about $975 per $1,000, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s funding rate. Investors bear the credit risk of MSFL and Morgan Stanley, potential illiquidity in any secondary market, and uncertain U.S. tax treatment described as prepaid financial contracts that are open transactions.
Morgan Stanley Finance LLC is offering principal-at-risk structured notes that pay a fixed 10.10% annual coupon, with monthly payments, and are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and matures on September 3, 2027.
The notes are linked to the worst performing of the S&P 500 Index and Russell 2000 Index. If neither index ever closes below 75% of its initial level on any trading day through the observation date, investors receive full principal at maturity plus the final coupon. If a trigger event occurs (either index closes below its downside threshold on any day) and the worst index finishes below its initial level, principal is reduced 1% for every 1% decline of that index, potentially to zero.
The estimated value on the pricing date is approximately $987.30 per $1,000 security, reflecting issuance, structuring and hedging costs and Morgan Stanley’s funding rate, which may depress secondary prices. Payments depend on Morgan Stanley’s credit, secondary liquidity may be limited, and U.S. tax treatment is uncertain, including possible 30% withholding for some non-U.S. holders.
Morgan Stanley Finance LLC is offering Callable Contingent Income Buffered Securities, fully and unconditionally guaranteed by Morgan Stanley, linked to the worst performer of the SPDR Gold Trust (GLD), VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ). Each security has a stated principal amount and issue price of $1,000.
The notes pay a contingent coupon at 16.00% per annum only when, on an observation date, each ETF closes at or above its coupon barrier level, set at 77.50% of its initial level. The same levels serve as buffer levels; if held to maturity and each final ETF level is at or above its buffer, investors receive principal plus any final coupon.
If any final ETF level is below its buffer, repayment is reduced by 1.2903% of principal for every 1% decline in the worst performer beyond the 22.50% buffer, potentially down to zero. The notes are callable in whole from October 20, 2026, based on a risk neutral valuation model that reflects Morgan Stanley’s economic interest, not automatic price triggers. The estimated value on the pricing date is approximately $980.10 per security, and all payments are subject to Morgan Stanley’s credit and limited secondary market liquidity.
Morgan Stanley Finance LLC is issuing Contingent Income Memory Auto-Callable Securities due July 22, 2027, linked to the capital stock of International Business Machines Corporation, in $1,000 denominations. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley.
Investors may receive a contingent coupon at an annual rate of 19.28%, but only if IBM’s closing level on each observation date is at or above the coupon barrier level of $147.84, which is 70% of the initial level of $211.20. Missed coupons can be paid later if the barrier is met, but coupons can be zero for the entire term.
The notes auto-call if IBM closes at or above the call threshold level of $211.20 (100% of initial) on specified redemption determination dates, returning principal plus due coupons, after which no further payments are made. If not called and the final level is at or above $147.84, investors receive principal plus any payable coupons; if below, the maturity payment equals $1,000 × (final level / $211.20), so principal loss is proportional to IBM’s decline and can reach 100%.
The estimated value on the pricing date is approximately $962.40 per security, below the $1,000 issue price due to issuing, selling, structuring and hedging costs. The notes are subject to Morgan Stanley’s credit risk, limited and potentially illiquid secondary trading, and uncertain U.S. federal tax treatment, including potential 30% withholding on coupons for certain non-U.S. holders.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Enhanced Trigger Jump Securities due November 4, 2027, linked to the worst-performing of the Russell 2000 Index and S&P 500 Index. The notes pay no interest and are issued at $1,000 per security, with an estimated value on the pricing date of about $987.80.
At maturity, if each index’s final level is at or above 75% of its initial level, investors receive $1,000 plus a fixed upside payment of $130.50 per security (a 13.05% gain), regardless of further index appreciation. If either index finishes below its downside threshold, repayment equals $1,000 multiplied by the performance of the worst-performing index, producing a 1% loss of principal for each 1% decline, down to a possible zero repayment.
The securities expose holders to the credit risk of Morgan Stanley and MSFL, potential high volatility in the underliers (including small-cap risk in the Russell 2000), limited liquidity in secondary trading, and uncertain U.S. tax treatment, including possible future changes affecting derivative contracts.
Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due July 19, 2029, fully and unconditionally guaranteed by Morgan Stanley, linked to the iShares® Expanded Tech-Software Sector ETF.
Investors receive a contingent coupon at 11.50% per annum only if, on each observation date, the ETF’s closing level is at or above a coupon barrier set at 70% of the initial level. The notes may be automatically redeemed quarterly from October 16, 2026 if the ETF is at or above 100% of its initial level, paying principal plus the applicable coupon.
If the notes are not called and the final ETF level is at least 70% of the initial level, investors receive principal back (plus any final coupon). If it is lower, repayment is principal multiplied by the performance factor, causing losses in full proportion to the ETF’s decline and potentially a zero repayment. The estimated value on the pricing date is approximately $966 per $1,000, reflecting issuing, selling, structuring and hedging costs, and all payments are subject to Morgan Stanley’s credit risk. Tax treatment is uncertain and non-U.S. holders may face 30% withholding on coupons.
Morgan Stanley Finance LLC is offering Jump Securities with an auto-call feature, each with a $1,000 stated principal amount, linked to the common stock of Astera Labs, Inc., and fully and unconditionally guaranteed by Morgan Stanley. These unsecured notes pay no interest and are principal-at-risk.
The notes can be automatically redeemed starting on July 28, 2027 if the underlier closes at or above 100% of its initial level, for escalating early redemption payments that correspond to an annualized return of approximately 52.75%. If held to July 24, 2031 and not auto-called, investors receive $3,637.50 per security if the final level is at or above the call threshold, $1,000 if it is between the call and the 50% downside threshold, and a loss of 1% of principal for each 1% decline below that threshold, potentially to zero.
The estimated value on the pricing date is approximately $915.10 per security, below the issue price due to issuing, selling, structuring and hedging costs. Payments depend on the credit of Morgan Stanley and MSFL. U.S. tax treatment is expected, but not certain, to follow prepaid financial contract rules, and Section 871(m) is expected not to apply to Non-U.S. holders.
Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, is offering principal-at-risk Enhanced Trigger Jump Securities linked to the S&P 500® Index, issued at $1,000 per security and maturing on August 19, 2027.
If on the August 16, 2027 observation date the index closing level is at or above the downside threshold of 6,057.92 (80% of the 7,572.40 initial level), each note pays back $1,000 plus a fixed upside payment of $90.50, regardless of how much the index has risen. If the index closes below the threshold, repayment is reduced 1% for each 1% index decline, with no minimum payment, so holders can lose their entire investment.
The notes pay no interest, have limited upside, carry the credit risk of Morgan Stanley Finance LLC and Morgan Stanley, may have limited liquidity, and have an estimated value on the pricing date of approximately $986.90 per $1,000 note because the issue price includes selling, structuring and hedging costs.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities, $1,000 principal amount notes due August 19, 2027, linked to the S&P 500 Index and fully guaranteed by Morgan Stanley. The notes pay no interest and are unsecured obligations subject to the issuer’s and guarantor’s credit risk.
At maturity, if the S&P 500 closing level on August 16, 2027 is at or above the downside threshold of 6,436.54 (85% of the 7,572.40 initial level), investors receive $1,000 plus a fixed upside payment of $100.40 per note, regardless of how much the index has risen. If the final level is below the threshold, repayment is $1,000 multiplied by the index performance factor (final level divided by initial level), producing a 1-for-1 loss with no minimum, so principal can be entirely lost. The estimated value on the pricing date is approximately $986.40 per note, below the $1,000 issue price, reflecting embedded costs and dealer compensation.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities, unsecured notes fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P 500 Index, due August 19, 2027. Each security has a $1,000 principal amount, pays no interest, and is issued at $1,000.
At maturity, if the index’s final level is at or above the downside threshold of 5,679.30 (75% of the 7,572.40 initial level), investors receive $1,000 plus a fixed upside payment of $80.40 (8.04%). If the final level falls below the threshold, repayment is reduced 1% for each 1% index decline, with no minimum payment and potential total loss of principal. The estimated value on the pricing date is approximately $986.40 per security, reflecting issuing, selling, structuring and hedging costs. All payments depend on the credit of MSFL and Morgan Stanley, and secondary market liquidity and tax treatment may be unfavorable.