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 Callable Contingent Income Securities due September 21, 2027, fully and unconditionally guaranteed by Morgan Stanley. These unsecured, principal-at-risk notes pay a contingent coupon at 10.30% per annum only if, on each observation date, the closing level of all three underliers—the SPDR S&P Regional Banking ETF (KRE), the S&P 500 Index (SPX) and the Nasdaq-100 Technology Sector Index (NDXT)—is at or above its coupon barrier level (70% of its initial level).
The notes are callable in whole (not in part) on scheduled redemption dates starting January 22, 2026, if a risk neutral valuation model indicates calling is economically rational for the issuer; early redemption is not automatic based on underlier performance. If not called, at maturity investors receive the stated principal amount only if each underlier’s final level is at or above its downside threshold (60% of initial). If any underlier is below its threshold, repayment is reduced 1% for each 1% decline of the worst performer, potentially to zero. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $966.10 per security. The notes will not be listed and all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley (MS), is offering Buffered Performance Leveraged Upside Securities linked to the S&P 500 Index, maturing on May 3, 2028. These notes pay no coupon and are principal-at-risk.
At maturity, investors receive $1,000 plus 200% of any index gain, capped at a maximum payment of at least $1,207.20 per note. If the index is down by up to the 10% buffer, repayment is $1,000. Losses resume 1-for-1 beyond the buffer, with a minimum payment of $100 per note.
The issue price is $1,000 per note; the preliminary estimated value on the pricing date is about $963.20. Sales commissions are $25 per note, plus a $5 structuring fee. The valuation date is April 28, 2028. The notes will not be listed, and all payments are subject to the issuer’s and guarantor’s credit risk. Proceeds are for general corporate purposes; the issuer expects to receive $1,000 per note issued.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Contingent Income Auto-Callable Securities due October 20, 2028, linked to The Home Depot, Inc. (HD) common stock and fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk securities pay a contingent quarterly coupon at an annual rate of 10.60% (about $26.50 per $1,000 per quarter) only when the determination closing price is at or above 80% of the initial share price.
The notes are auto-callable on any of the first eleven determination dates if HD’s price is at or above the initial share price, redeeming at $1,000 plus the contingent coupon. If held to maturity and HD is at or above the 80% downside threshold, the payout is $1,000 plus the final coupon; otherwise, investors are exposed 1-to-1 to the decline and could receive significantly less than 80% of principal, down to zero. Investors do not participate in any stock appreciation.
Per-security economics: Issue price $1,000; estimated value approximately $970 (within $30); agent sales commission $17.50; structuring fee $5; and proceeds to the issuer $977.50. The securities are unsecured obligations of MSFL, guaranteed by Morgan Stanley, and will not be listed on any exchange.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Contingent Income Auto-Callable Securities linked to EQT Corporation common stock, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes offer a contingent coupon at 9.60% per annum when EQT’s closing level is at or above the coupon barrier on observation dates and may be automatically called if EQT is at or above the call threshold on specified redemption determination dates.
Each security has a $1,000 issue price, with an estimated value on the pricing date of approximately $964.10 per security (within $35 of that estimate). The coupon barrier and downside threshold are each 60% of the initial level, and the call threshold is 100% of the initial level. If not called and EQT finishes below the downside threshold at maturity, investors lose 1% of principal for every 1% decline; gains above the initial level are not participated in. Key dates include a strike/pricing date of October 24, 2025 and a maturity date of October 28, 2027. The notes will not be listed and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Jump Securities with an auto-call feature maturing on October 26, 2028, linked to the worst performer of the S&P 500, Nasdaq-100 Technology Sector, and Russell 2000 indices.
Each security is issued at $1,000 and may be automatically redeemed on November 3, 2026 if all underliers close at or above their 100% call thresholds on October 29, 2026, paying an early redemption amount of $1,182.50 per security. If held to maturity and all underliers finish above initial levels, the payoff equals principal plus 175% of the worst underlier’s gain. If any underlier finishes at or below initial but all are at or above the 70% downside thresholds, investors receive only principal. If any underlier finishes below its downside threshold, repayment is reduced one-for-one with the decline of the worst performer, and could be zero.
The securities pay no interest, are unsecured, will not be listed, and are subject to the issuers’ credit risk. The estimated value on the pricing date is approximately $950.10 per security.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Contingent Income Auto‑Callable Securities linked to Oracle Corporation common stock, due November 3, 2027, fully and unconditionally guaranteed by Morgan Stanley.
The notes are issued at $1,000 per security with an estimated value on the pricing date of approximately $954.60 per security. A 14.00%–15.00% annual contingent coupon is payable only when the underlier closes at or above the coupon barrier (set at 60% of the initial level) on the relevant observation date. The notes auto‑call for principal plus the coupon if the underlier is at or above the 100% call threshold on any redemption determination date, beginning April 29, 2026.
If not called, at maturity investors receive principal only if the final level is at or above the 60% downside threshold; otherwise, the payoff declines 1% for every 1% drop in the underlier and can be zero. The securities are unsecured, principal at risk, not listed on any exchange, and all payments are subject to the issuers’ credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Dual Directional Buffered Participation Securities linked to the S&P 500 Index, due April 28, 2027. The notes pay no interest and return depends on the index level on the observation date.
At maturity, investors receive $1,000 plus the index upside at a 100% participation rate, capped at a maximum payment of $1,147.50 per security. If the index is flat to down but not below the 10% buffer, investors earn the absolute decline at 100% participation, effectively up to a +10% positive return. If the index falls beyond the buffer, principal is reduced 1% for each 1% decline beyond 10%, with a minimum payment of 10% of principal.
The issue price is $1,000 per security, including a $15 sales commission (proceeds to issuer $985 per security). The estimated value on the pricing date is approximately $980.10 per security (or within $35 of that estimate). The securities are unsecured obligations subject to the issuer’s and guarantor’s credit risk and will not be listed on any exchange.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Contingent Income Auto‑Callable Securities due November 2, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal‑at‑risk notes are linked to the worst performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index.
The notes pay a contingent coupon at 8.00% per annum only if, on each observation date, the closing level of each index is at or above its 75% coupon barrier. They are auto‑callable on scheduled determination dates if all indices are at or above 100% of initial, returning principal plus the coupon for that period. If not called, at maturity investors receive principal only if all indices are at or above the 70% downside threshold; otherwise, repayment is reduced one‑for‑one with the decline of the worst index and could be zero.
The securities are unsecured obligations of MSFL, subject to Morgan Stanley’s guarantee and credit risk. The estimated value on the pricing date is approximately $962.70 per $1,000, reflecting issuance, selling, structuring and hedging costs and an internal funding rate. Key dates include strike and pricing on October 30, 2025 and maturity on November 2, 2028.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Callable Contingent Income Securities due October 21, 2027, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a contingent coupon at 16.55% per annum only if, on each observation date, the closing level of the SPDR S&P Regional Banking ETF (KRE), the Energy Select Sector SPDR Fund (XLE) and the Nasdaq-100 Technology Sector Index (NDXT) is at or above each underlier’s coupon barrier (70% of its initial level).
The notes may be redeemed early, in whole, on specified redemption dates beginning January 23, 2026, if and only if a risk neutral valuation model indicates redemption is economically rational for the issuer. If held to maturity and each final underlier level is at or above its downside threshold (70%), investors receive the stated principal amount plus any final coupon; otherwise, repayment is reduced 1% for each 1% decline of the worst performer and could be zero. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $979.70 per security.
The securities will not be listed, all payments are subject to the issuer’s credit risk, and secondary market liquidity may be limited.
Morgan Stanley Finance LLC is offering Callable Contingent Income Securities due April 26, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a 10.25% per annum contingent coupon only when the closing level of each underlier—the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000—is at or above its coupon barrier of 70% of the initial level on the observation date.
The notes may be redeemed in whole, on specified monthly dates starting October 26, 2026, if a risk-neutral valuation model indicates early redemption is economically rational for the issuer; once redeemed, no further payments occur. If held to maturity and each index is at or above its 70% downside threshold, investors receive principal (plus any final coupon if payable); otherwise, repayment decreases 1% for every 1% decline in the worst-performing index, potentially to zero.
The notes are issued at $1,000 per security with an estimated value on the pricing date of approximately $981.30. They will not be listed, are sold to fee-based advisory accounts, and all payments are subject to Morgan Stanley’s credit risk.