Morgan Stanley SEC Filings

Morgan Stanley Finance LLC has issued $750,000 in Contingent Income Auto-Callable Securities due June 28, 2028, linked to the performance of Amazon, NVIDIA, and Tesla stocks. The securities offer a potential 19.30% annual coupon rate ($96.50 semi-annually per $1,000 security), payable if all underlying stocks close above their 50% downside threshold levels.

Key features include:

• Early redemption occurs if all stocks close at or above 100% of initial prices on semi-annual determination dates
• Principal is at risk, with potential losses exceeding 50% if any stock closes below its downside threshold at maturity
• Issue price: $1,000 per security with estimated value of $960.30
• Payments based on worst-performing stock among AMZN, NVDA, and TSLA

The securities are unsecured obligations of MSFL, guaranteed by Morgan Stanley, offering high-yield potential but with significant risk of receiving no coupons and losing principal. They are designed for investors seeking enhanced yield while accepting substantial market risk.

Morgan Stanley Finance has announced Auto-Callable Market Linked Securities tied to the performance of the Dow Jones Industrial Average and S&P 500 Index, due July 2, 2030. The securities, with a face value of $1,000 per unit, offer leveraged upside participation and fixed percentage buffered downside.

Key features include:

• Automatic call feature triggering if the lowest performing underlying exceeds its starting level on July 2, 2026, paying at least 7% premium
• 115% participation rate in underlying index gains if held to maturity
• 30% downside buffer protection
• Maximum potential loss of 70% of face value

The estimated value per security is $951.60, reflecting costs associated with issuing, selling, structuring, and hedging. The offering involves complex features and significant risks, including credit risk of Morgan Stanley as guarantor, market risk of the underlying indices, and potential loss of principal.

ACCO Brands Corp – Form 4 insider filing (20 Jun 2025)

Senior Vice President, Corporate Controller & CAO James M. Dudek reported acquiring an aggregate 1,204.4 restricted stock units (RSUs) on 18 Jun 2025. The RSUs were credited at $0 cost under the company’s Incentive Plan, primarily as dividend-equivalent units added to previously earned grants. Vesting dates and underlying share delivery are:

• 413.7 RSUs deliverable 14 Mar 2026 (balance after event: 19,334.7).
• 385.5 RSUs deliverable 12 Mar 2027 (balance: 18,016.9).
• 405.2 RSUs deliverable 11 Mar 2028 (balance: 18,936.5).

No RSUs were disposed of and no open-market transactions occurred. Ownership remains direct. The filing signals continued equity accumulation by a senior financial executive but represents a de-minimis addition relative to ACCO’s total shares outstanding and therefore is unlikely to affect the stock’s near-term supply–demand dynamics.

Morgan Stanley Finance LLC announces Dual Directional Trigger PLUS securities linked to the S&P 500® Futures Excess Return Index (SPXFP), due August 1, 2030. Key features include:

• Leverage factor of 152% to 157% on positive index performance
• 50% participation rate on absolute negative returns above downside threshold
• Downside threshold level at 60% of initial level
• Estimated value of $925.10 per security

The securities offer potential returns in both up and down markets, with leveraged upside potential and partial downside protection. However, investors face significant risks including no principal guarantee, credit risk of Morgan Stanley, and limited secondary market trading. The payment at maturity varies based on the underlier's performance, with maximum loss of entire investment possible if index falls 100%. The offering is registered under #333-275587 and 333-275587-01.

Morgan Stanley Finance has announced Worst-of Dual Directional Trigger PLUS securities due August 1, 2030, linked to the performance of Dow Jones Industrial Average, S&P 500, and Russell 2000 indices. Key features include:

• A leverage factor of 133% to 148% for positive underlier performance
• 50% absolute return participation rate for negative performance above threshold
• Downside threshold level of 60% of initial level for each underlier
• Payment at maturity based on worst-performing underlier
• Estimated value of $920.80 per security

Notable risks include no principal guarantee, effectively capped returns, credit risk exposure to Morgan Stanley, and complex tax implications. The securities offer potential upside leverage in rising markets and partial downside protection, but investors could lose their entire investment if the worst-performing underlier falls significantly. The structure provides positive returns in both moderately up and down markets, subject to specified conditions and limitations.

Morgan Stanley Finance LLC announces new Market-Linked Notes tied to the EURO STOXX 50® Index (SX5E), due August 2, 2029. Key features include:

• Principal Protection: Minimum payment of $1,000 per note at maturity regardless of underlier performance
• Upside Potential: 100-105% participation rate in positive index performance
• Estimated Value: $943.30 per note (±$45.00)
• Key Dates: Pricing on July 28, 2025; Observation on July 30, 2029; Maturity on August 2, 2029

Notable risks include credit risk of Morgan Stanley, no interest payments, limited secondary market trading, and potential tax implications before maturity. The notes' value is determined solely by the underlier's performance on the observation date, with no interim adjustments. The estimated value reflects a lower rate than secondary market credit spreads, incorporating issuance and hedging costs.

Morgan Stanley Finance has announced Worst-of SPX and INDU Trigger PLUS securities due August 5, 2030, offering leveraged exposure to the worse performing of the S&P 500 Index and Dow Jones Industrial Average. Key features include:

• Leverage factor of 145% to 160% on positive performance
• Principal protection down to 75% of initial levels (downside threshold)
• Below threshold, investors face 1-for-1 losses based on worst performing index
• Estimated value of $955.00 per security

Notable risks include: no principal guarantee or interest payments, exposure to worst-performing index only, credit risk of Morgan Stanley, and limited secondary market trading. The securities will be priced on July 31, 2025, with final observation on July 31, 2030. Maximum return potential is uncapped but leveraged, while downside risk can result in complete loss of principal.

Morgan Stanley Finance has announced SPXFP Trigger PLUS Notes due August 5, 2030, offering leveraged exposure to the S&P 500® Futures Excess Return Index. Key features include:

• Leverage factor of 207% to 222% on positive index returns
• Principal protection against losses up to 30% (70% downside threshold)
• Estimated value of $956.10 per security
• 5-year maturity with pricing date on July 31, 2025

The notes offer enhanced returns in bullish scenarios but carry significant risks including no principal guarantee below the 70% threshold, no periodic interest payments, and credit risk exposure to Morgan Stanley. The payment at maturity demonstrates potential returns ranging from complete loss (-100%) to significant gains (+60% resulting in 224.2% return with leverage). The securities will not be exchange-listed, limiting secondary market liquidity.

Morgan Stanley Finance has announced Worst-of INDU and NDX Dual Directional Trigger PLUS notes due August 3, 2028. These structured notes offer unique investment characteristics:

• Linked to performance of Dow Jones Industrial Average and Nasdaq-100 Index
• Features a leverage factor of 126% to 141% for positive returns
• 50% participation rate in absolute negative returns above threshold
• Downside protection threshold at 70% of initial level
• Estimated value of $961.10 per security

Key risks include: no principal guarantee or interest payments, exposure to worst-performing underlier, limited secondary market trading, and Morgan Stanley credit risk. Payment at maturity examples show potential returns ranging from total loss to 75.6% gain based on worst-performing underlier. The notes offer sophisticated investors exposure to two major indices with built-in leverage and partial downside protection.