Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due March 22, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an estimated value near $960.50 on the pricing date. The notes reference the worst-performing of Amazon, Meta (Class A) and Microsoft and feature a 300% participation rate in upside of the worst underlier, an automatic early redemption on the first determination date with an early redemption payment of $1,505, and downside exposure below each underlier’s 60% downside threshold. Payments depend on final levels of the underliers; holders may lose up to their entire principal and are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC priced a $2,151,000 offering of market‑linked, auto‑callable, principal‑at‑risk securities due March 15, 2029, fully guaranteed by Morgan Stanley. The securities have a face amount of $1,000 per security, an estimated value of $964.00 on the pricing date and contingent quarterly coupons at a 12.90% per annum rate.

The securities pay contingent coupons only if the lowest performing underlying (S&P 500®, Russell 2000® or EURO STOXX 50®) stays at or above 75% of its starting level on every eligible trading day during an observation period; they are callable beginning approximately six months after issuance and expose holders to full downside of the lowest performing underlying at maturity.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes due March 22, 2029 that are fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and an original issue price of $1,000 per security; the estimated value on the pricing date was approximately $952.10.

The notes are linked to the worst performing of the iShares® Core S&P Small‑Cap ETF and the S&P 500® Index, feature automatic early redemption beginning on the first determination date of March 24, 2027, and offer fixed early redemption payments that correspond to about 10.50% per annum if call conditions are met. At maturity the payout is either a fixed positive amount, the stated principal amount, or a loss tied to the worst performing underlier (potentially resulting in complete loss of principal).

Morgan Stanley Finance LLC priced a preliminary pricing supplement for fixed income, principal-at-risk, buffered auto-callable securities linked to the Class A common stock of Bloom Energy Corporation. The securities have a stated principal amount of $1,000 per security and an estimated value on the pricing date of approximately $928.90.

The securities pay a fixed coupon at an annual rate of 14.50%, payable monthly. They are subject to automatic early redemption if the closing level of the underlier is greater than or equal to the call threshold (set at 100% of the initial level) on any redemption determination date beginning September 30, 2026. If not called, investors receive principal at maturity only if the final level is at or above the buffer level (80% of the initial level); otherwise payment at maturity is reduced by 1% for each 1% decline beyond the buffer, subject to a 20% minimum payment of stated principal.

Morgan Stanley Finance LLC priced a Preliminary Pricing Supplement for a Trigger PLUS linked to the worst performing of Ecolab Inc. and Waste Management, Inc. The securities have a stated principal amount of $1,000 per security, a leverage factor of 218% and mature on March 23, 2029.

At maturity the payout is tied to the worst performing underlier: if both final levels exceed their initial levels investors receive principal plus 218% of the worst underlier’s appreciation; if each final level is between the initial level and a 70% downside threshold investors receive principal; if either final level is below its 70% threshold investors suffer a loss equal to the percentage decline of the worst performing underlier. The estimated value on the pricing date is approximately $984.50 per security.

Morgan Stanley Finance LLC is offering Principal-at-Risk, contingent-income auto-callable securities linked to the Class A common stock of Bloom Energy Corporation. Each security has a stated principal amount of $1,000, an original issue price of $1,000, and an estimated value on the pricing date of approximately $918.20. The pricing and strike date are April 1, 2026, the original issue date is April 7, 2026, the final observation date is April 2, 2029, and the maturity date is April 5, 2029.

Payments are contingent: a high annual contingent coupon of 45.00% is payable only if the underlier meets the coupon barrier on observation dates. The notes auto-redeem if the underlier meets the call threshold on specified redemption determination dates. If the final level is below the downside threshold (set at 50% of the initial level), investors suffer proportional principal loss. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a preliminary offering of buffered, auto-callable Principal at Risk securities linked to the common stock of The Goldman Sachs Group, Inc. The securities have a $1,000 stated principal per security, a strike and pricing date of March 27, 2026, an original issue date and maturity date of April 1, 2026 and April 1, 2031, respectively.

The notes feature automatic early redemption if the closing level of the underlier is at or above the call threshold on scheduled determination dates (first determination date: April 5, 2027), fixed early redemption payments shown per determination date, an 85% buffer level (buffer amount: 15%), and a minimum payment at maturity of 15% of stated principal. Payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes due March 22, 2029, fully guaranteed by Morgan Stanley. The notes pay no interest and return either the stated principal plus a fixed $312.50 upside payment if each underlier’s final level is at or above a 70% downside threshold, or a loss equal to the full percentage decline of the worst performing underlier. The securities are linked to the S&P 500®, Nasdaq‑100® and Russell 2000® indices, use the worst performing underlier to determine payoff, and carry full credit exposure to Morgan Stanley. The issue price is $1,000 per security; estimated value on the pricing date was approximately $971.60.

Morgan Stanley Finance LLC offers principal-at-risk structured notes — Jump Securities with an auto-callable feature due April 1, 2031. Each security has a $1,000 stated principal amount and an issue price of $1,000; estimated value on the pricing date is approximately $945.10. The notes are linked to the S&P 500® Index and the Dow Jones Industrial Average and are fully guaranteed by Morgan Stanley.

The notes pay no interest and may be automatically redeemed early if both underliers meet call thresholds (set at 100% of initial levels) on a determination date; fixed early redemption payments correspond to an approximate return of 11.25% per annum on the stated principal for specified dates. At maturity the payout depends on the worst performing underlier: full principal plus upside if both finish above initial levels, principal only if both finish at or above the 70% downside thresholds, or a loss proportional to the decline of the worst performing underlier (possible total loss).