Morgan Stanley SEC Filings

Morgan Stanley Finance has issued $7.8 million in Fixed Income Auto-Callable Securities due June 29, 2027, linked to the performance of Amazon, Microsoft, and Meta Platforms stocks. The securities offer a 9% annual fixed coupon rate payable on scheduled dates.

Key features include:

• Principal at risk structure with $1,000 per security issue price
• Automatic early redemption if all underliers close at/above call threshold (100% of initial levels)
• Downside threshold set at 53% of initial levels for all stocks
• Risk of significant principal loss if any underlier falls below downside threshold

The securities' estimated value is $966.70 per unit, below the issue price due to costs and fees. Morgan Stanley & Co. receives $29.12 commission per security. These notes are unsecured obligations of MSFL, guaranteed by Morgan Stanley, and not FDIC insured. First potential early redemption date is December 23, 2025.

Morgan Stanley Finance LLC has filed a prospectus supplement for Buffered PLUS (Performance Leveraged Upside Securities) due July 2, 2030, linked to the S&P 500 Index. These principal-at-risk securities, fully guaranteed by Morgan Stanley, offer the following key features:

The securities, priced at $1,000 per unit, provide:

• 150% leveraged upside participation in S&P 500 gains, capped at maximum payment of 145.50% ($1,455 per security)
• 20% downside buffer protection - no losses if index declines up to 20%
• 1:1 losses below the buffer level (80% of initial level)
• No periodic interest payments

The estimated value on pricing date is $944.50 per security, reflecting costs associated with issuing, selling, structuring and hedging. Notable risks include potential significant loss of principal, limited upside due to the cap, credit risk of Morgan Stanley, and value determined only at maturity based on final observation date.

Morgan Stanley Finance has announced Jump Securities with Auto-Callable Feature due June 27, 2030, based on the EURO STOXX 50 Index performance. The offering totals $1,000,000 with a per-security price of $1,000.

Key features include:

• Auto-callable feature triggering early redemption if the index closes at/above call threshold (5,297.07)
• Early redemption payments increase from $1,107.50 to $1,430.00 per security over four determination dates
• At maturity, if not called early: full principal plus upside payment of $300 or index appreciation if index is at/above initial level
• Risk of principal loss if index falls below 75% of initial level

The securities' estimated value is $956.80 per unit, below the issue price due to costs and fees. Morgan Stanley & Co. will receive $23.50 per security in commissions. These unsecured obligations carry Morgan Stanley's full guarantee but involve significant investment risks, including possible loss of principal.

Morgan Stanley Finance has announced Contingent Income Memory Buffered Auto-Callable Securities linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index (SPXF40D4), due August 1, 2030. Key features include:

• Contingent Coupon Rate: 9.25% to 10.25% per annum with memory feature
• Auto-Call Feature: Monthly redemption after 1 year if index closes at or above 100% of initial level
• Downside Protection: 15% buffer (maximum loss of 85%)
• Coupon Barrier: 60% of initial level

Notable risks include no participation in index appreciation, early redemption risk, and credit risk of Morgan Stanley. The security's estimated value is $898.90 per unit, which is below the issue price, reflecting issuing costs and Morgan Stanley's credit spreads. The underlier is newly established (August 30, 2024) with limited operating history and includes a 4% per annum decrement feature that will adversely affect performance.

Morgan Stanley Finance has announced SPUMP40 Buffered Jump Securities with auto-callable features, due August 1, 2030. These structured notes track the S&P U.S. Equity Momentum 40% VT 4% Decrement Index with the following key features:

• Buffer Protection: 15% downside buffer (85% maximum loss)
• Auto-Callable Feature: Monthly redemption opportunities starting July 2026
• Early Redemption Payments: Range from $1,102.50 to $1,553.125 per security
• Initial Pricing Date: July 28, 2025
• Estimated Value: $900.20 per security (±$50.20)

Key risks include: no interest payments, early redemption risk, limited appreciation potential, and credit risk of Morgan Stanley. The securities feature a complex structure with 48 potential early redemption dates and payments that increase over time. The underlying index is relatively new (established March 2022) and includes a 4% annual decrement feature that may impact performance.

Morgan Stanley Finance has announced Worst-of Dual Directional Buffered PLUS securities linked to INDU, NDX, and RTY indices, maturing August 1, 2030. Key features include:

• Leverage factor of 134% to 149% on positive index performance
• Buffer amount of 20% protecting against initial market decline
• 100% absolute return participation rate for negative performance up to buffer
• Maximum loss capped at 80% of initial investment
• Estimated value of $917.50 per security

Payment at maturity will be based on the worst-performing underlier. The securities offer leveraged upside potential and partial downside protection, but involve significant risks including credit risk, no interest payments, and limited secondary market liquidity. Notable is exposure to small-cap risk through RTY index inclusion. The structure provides asymmetric returns, with enhanced upside through leverage and partial downside protection through the buffer.

Morgan Stanley Finance LLC has announced Contingent Income Memory Buffered Auto-Callable Securities linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index (SPUMP40), due August 1, 2030. Key features include:

• Contingent Coupon Rate: 10.00% to 11.00% per annum with memory feature
• Auto-Call Feature: Monthly redemption after 1 year if index closes at or above 100% of initial level
• Downside Protection: 15% buffer (85% maximum loss)
• Coupon Barrier: 70% of initial level, paid monthly

The securities, priced at an estimated value of $894.70 per unit, offer conditional downside protection but limit upside participation. Notable risks include credit risk of Morgan Stanley, early redemption risk, and the underlier's limited operating history since March 2022. The 4% decrement feature of the index will impact performance regardless of market direction.

Morgan Stanley Finance has issued $1.434M in Callable Contingent Income Memory Securities due April 12, 2028, linked to the performance of three ETFs: VanEck Semiconductor, iShares U.S. Aerospace & Defense, and SPDR S&P Bank ETF.

Key features include:

• 17% annual contingent coupon rate, payable if all underliers are above 75% of initial levels
• Early call feature starting July 10, 2025, based on risk-neutral valuation model
• Principal at risk: 1-for-1 loss if any underlier falls below 70% of initial level at maturity
• Initial pricing at $1,000 per security with estimated value of $954.90

The securities are unsecured obligations of Morgan Stanley Finance, fully guaranteed by Morgan Stanley. They offer potential above-market returns but carry significant risks including possible loss of principal, no guaranteed coupons, and early redemption risk. The worst-performing underlier determines returns.

Morgan Stanley Finance has announced Contingent Income Memory Buffered Auto-Callable Securities linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index (SPUMP40), due August 5, 2030. Key features include:

• Contingent Coupon Rate: 11.25% to 12.25% per annum with memory feature
• Auto-Call Feature: Monthly redemption after 6 months if index closes at or above 100% of initial level
• Downside Protection: 15% buffer (85% maximum loss)
• Coupon Barrier: 65% of initial level

The securities, priced at an estimated value of $938.90, offer conditional monthly payments but no participation in index appreciation. Notable risks include credit risk of Morgan Stanley, early redemption risk, and the underlier's limited operating history since March 2022. The 4% annual decrement feature will impact index performance regardless of market direction. These securities are not listed on any exchange, limiting secondary market trading opportunities.