Morgan Stanley SEC Filings

Morgan Stanley Finance has announced Worst-of SPX and INDU Trigger PLUS securities due July 22, 2031, offering leveraged exposure to the worse performing of the S&P 500® Index and Dow Jones Industrial Average℠. Key features include:

• Leverage factor of at least 158% on positive underlier performance
• Principal protection against declines up to 20% from initial levels
• Downside threshold level at 80% of initial level for each underlier
• Estimated value of $961.80 per security

Notable risks include potential loss of principal, no interest payments, and exposure to worst-performing underlier only. The securities are subject to Morgan Stanley's credit risk and will not be listed on any exchange. The payment at maturity ranges from $0 (complete loss) if worst underlier declines 100% to $1,948 if worst underlier gains 60% (assuming 158% leverage). The offering demonstrates Morgan Stanley's continued innovation in structured products while highlighting the balance between enhanced returns and investment risks.

Morgan Stanley Finance LLC has announced SPX Market-Linked Notes due January 16, 2031, offering investors exposure to S&P 500® Index performance with principal protection. Key features include:

• 100% participation rate in index gains up to a maximum payment of $1,420 per note (142% of principal)
• Principal protection against market downside - minimum payment of $1,000 per note regardless of index performance
• Estimated value of $939.90 per note
• 5.5-year term from July 2025 to January 2031

Notable risks include: no interest payments, limited upside potential due to payment cap, credit risk of Morgan Stanley as guarantor, and value determined only at maturity. The notes offer conservative investors participation in S&P 500 gains while protecting against losses, though opportunity cost exists in strong bull markets due to the 142% payment cap.

Morgan Stanley Finance has announced 1.5-Year META Trigger Jump Securities tied to Meta Platforms class A common stock, offering a unique investment structure with conditional returns. The securities, priced at $1,000 per unit, will mature on February 3, 2027.

Key features include:

• A fixed upside payment of 32.45% ($324.50) if META stock price is at or above initial price at maturity
• Principal protection if stock declines up to 20% from initial price
• 1:1 downside exposure if stock declines more than 20%, potentially resulting in significant losses

Important risks include no interest payments, limited appreciation potential, and credit risk exposure to Morgan Stanley. The estimated value is $964.90 per security, below the issue price, reflecting structuring costs. The offering begins July 22, 2025, with CUSIP: 61778NCN9.

Morgan Stanley Finance has announced SPX Buffered PLUS Notes due January 16, 2031, offering investors exposure to the S&P 500 Index with enhanced features. The securities, guaranteed by Morgan Stanley, provide 156.75% maximum return (capped at $1,567.50 per security) with a 150% leverage factor.

Key features include:

• 10% downside buffer protection (90% maximum loss)
• Estimated value of $932.00 per security
• No periodic interest payments
• 5.5-year term (July 2025 to January 2031)

The notes offer downside protection for the first 10% of index decline, after which investors face 1-for-1 losses. The payment at maturity is determined solely by the underlier's performance on the January 13, 2031 observation date. Notable risks include credit risk of the issuer, limited secondary market liquidity, and capped upside potential. The securities will not be listed on any exchange.

Morgan Stanley Finance LLC has announced VRT Enhanced Trigger Jump Securities due December 31, 2026, linked to Vertiv Holdings Co class A common stock (VRT). The securities offer a fixed upside payment of $295.50 per security (29.55% return) if the underlier's closing price remains above the 60% downside threshold level.

Key features include:

• Principal amount: $1,000 per security
• Estimated value: $958.90 per security
• No interest payments
• Full downside exposure if underlier falls below 60% threshold
• Fixed upside potential regardless of underlier's positive performance

Notable risks include credit risk of Morgan Stanley (guarantor), limited appreciation potential, no principal protection, and potential illiquidity in secondary markets. The securities will not be listed on any exchange. Tax consequences are described as uncertain, and investors are advised to consult tax advisers.

Morgan Stanley has announced Fixed Rate Notes due 2037, offering a 5.000% per annum interest rate with semi-annual payments. The notes have a principal amount of $1,000 per note with an estimated value of $975.00 on the pricing date.

Key terms include:

• Original issue date: July 21, 2025
• Maturity date: July 21, 2037
• Interest payment dates: January 21 and July 21
• Initial interest payment date: January 21, 2026

Important risk factors: The notes are subject to Morgan Stanley's credit risk and are not FDIC insured. Secondary market trading may be limited as the notes won't be listed on any securities exchange. The estimated value is less than the issue price due to costs associated with issuing, selling, structuring, and hedging. The notes will be issued in book-entry form with a day-count convention of 30/360.

Morgan Stanley has filed a 424B2 prospectus supplement for Fixed Rate Notes due 2035, offering $1,000 denominated notes with a 4.850% annual interest rate. The notes will be issued on July 21, 2025 and mature on July 20, 2035, with semi-annual interest payments on January and July 20th.

Key features include:

• Estimated value of $978.80 per note on pricing date
• Interest payments begin January 20, 2026
• Notes are subject to Morgan Stanley's credit risk
• Not listed on any securities exchange
• Not FDIC insured

Risk factors include credit risk, limited secondary market trading, and potential price fluctuations based on interest rates and credit spreads. The notes will be sold through Morgan Stanley & Co. LLC and its affiliates, with proceeds used for general corporate purposes. The estimated value reflects costs associated with issuing, selling, structuring, and hedging the notes.

Morgan Stanley has filed a 424B2 prospectus supplement for Fixed Rate Notes due 2028. Key terms include:

• Issue price: $1,000 per note
• Maturity date: July 21, 2028
• Interest rate: 4.100% per annum
• Interest payment: Semi-annual on January and July 21st
• Initial interest payment date: January 21, 2026

The estimated value per note on pricing date is approximately $992.10, reflecting costs associated with issuing, selling, structuring, and hedging. Notable risks include Morgan Stanley's credit risk, limited secondary market trading as notes won't be listed on exchanges, and potential price fluctuations based on interest rates and credit spreads. MS & Co., a subsidiary of Morgan Stanley, will serve as agent and calculation agent.

Morgan Stanley has announced Fixed Rate Notes due 2030 with the following key terms:

The notes carry a 4.250% annual interest rate, payable semi-annually, with an issue price of $1,000 per note. The notes will mature on July 19, 2030, with the initial issuance date set for July 21, 2025. Interest payments will be made on January 19 and July 19, with the first payment on January 19, 2026.

• Estimated value on pricing date: $988.70 per note
• Notes are subject to Morgan Stanley's credit risk
• Not listed on any securities exchange
• Not FDIC insured

Key risks include credit risk, limited secondary market trading, and potential price fluctuations based on interest rates and Morgan Stanley's credit spreads. The notes will be issued under Registration Statement No. 333-275587 and include costs for issuing, selling, structuring, and hedging, which reduces their economic value compared to the issue price.