Morgan Stanley SEC Filings

Morgan Stanley Finance LLC and Morgan Stanley are offering Trigger PLUS principal-at-risk notes with a $1,000 stated principal per security and an issue price of $1,000. The securities pay no interest and are linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and S&P 500, with a 125% leverage factor, an observation date of March 31, 2028 and maturity on April 5, 2028. If the worst performing underlier is above its initial level at observation, holders receive principal plus 125% of that appreciation. If the worst performing underlier is between its initial level and a 70% downside threshold, holders receive principal. If the worst performing underlier is below the 70% threshold, holders lose 1% of principal for each 1% decline in that underlier; there is no minimum payment and investors could lose their entire investment. Payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley and therefore subject to the guarantors credit risk. The estimated value on the pricing date was approximately $955.50 per security.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due March 24, 2031 that are fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount per security and an original issue price of $1,000 per security.

The notes are linked to the worst performing of the EURO STOXX 50®, the S&P 500® and the Nasdaq-100®, feature automatic early redemption beginning on March 22, 2027, fixed early redemption payments that increase by determination date, and downside protection only to a 70% threshold; if the worst performing underlier finishes below that downside threshold at maturity, investors lose proportionally and could lose their entire principal.

Morgan Stanley Finance LLC is offering buffered, principal-at-risk notes linked to the MSCI EAFE® Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a Face Amount $1,000 and a capped cash payoff: if the Final Underlier Level is ≥ 90% of the Initial Underlier Level, investors receive a Maximum Settlement Amount expected to be between $1,139.20 and $1,163.70 per note. If the Final Underlier Level is below 90%, holders receive a formulaic cash amount that can result in a loss of some or all principal. The term is expected to be about 20 to 23 months from the Trade Date; the issuer will set exact dates and the Initial Underlier Level on the Trade Date. The estimated value on the Trade Date is approximately $991.50 per note.

Morgan Stanley is offering Global Medium-Term Notes, Series I: Fixed/Floating Rate Senior Notes due 2032 (principal $3,500,000,000) and due 2047 (principal $2,500,000,000), issued on March 13, 2026.

The 2032 notes bear a fixed rate of 4.708% per annum through March 12, 2031, then convert to a SOFR-based floating rate with a +1.195% spread; the 2047 notes bear a fixed rate of 5.900% per annum through March 13, 2046, then convert to a SOFR-based floating rate with a +1.782% spread. Both tranches were issued at par and are callable under make-whole and optional redemption provisions as described in the prospectus.

Morgan Stanley Finance LLC is offering Structured Investments—Buffered Jump Securities with an Auto-Callable feature, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities may be automatically redeemed on the first determination date if the underlier closing level is at or above the call threshold of 100. The first determination date is March 24, 2027; the early redemption date is March 30, 2027. If not called, maturity is March 16, 2028. Key economics: participation rate 150%, buffer amount 15% (buffer level 85), downside factor 1.1765, and a stated upside payment of at least $498. The securities are principal‑at‑risk notes that pay no interest; investors can lose some or all principal. The pricing date was March 12, 2026, estimated value was about $971 per security, and placement fees up to $15 per security reduce proceeds to $985 per security.

Morgan Stanley Finance LLC is offering Principal at Risk Structured Investments linked to the worst performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an upside payment of $165 (16.50%) and a maturity date of March 16, 2028. The securities pay no interest and provide a 20% buffer: if the final level of each underlier is >= its buffer level, holders receive principal plus the upside payment; if the final level of either underlier is below its buffer level, holders lose 1% for each 1% decline of the worst performing underlier beyond the 20% buffer, subject to a minimum payment of 20% of principal. The pricing and strike dates are March 13, 2026 with original issue date March 18, 2026. The document discloses an estimated value of approximately $979.10 per security on the pricing date and shows agent compensation of $15 per security.

Morgan Stanley Finance LLC priced callable principal‑at‑risk notes due March 28, 2031 linked to the worst performing of the Dow Jones Industrial, Nasdaq‑100 and Russell 2000 (contingent income structure).

The securities have a stated principal amount of $1,000 per security and an original issue price of $1,000. They pay a contingent coupon at an annual rate of 7.85% only when the closing level of each underlier is at or above its coupon barrier (70% of initial level) on an observation date. The notes are callable beginning on March 30, 2027 if a risk‑neutral valuation model indicates redemption is economically rational. At maturity, if the final level of any underlier is below its downside threshold (65% of initial level), payment is the stated principal times the performance factor of the worst performing underlier; principal can be significantly reduced and could be zero. All payments are subject to Morgan Stanley’s credit risk. The issuer’s estimated value on the pricing date is approximately $941.80 per security.

Morgan Stanley Finance LLC offers principal‑at‑risk, auto‑callable securities linked to the common stock of Blackstone Inc. The securities have a $1,000 face amount, a contingent coupon rate to be set at no less than 16.35% per annum, an estimated value of approximately $956.50 per security on the pricing date and a maturity date of March 23, 2029. Payments of contingent coupons occur quarterly only if the stock closing price on each calculation day meets or exceeds a coupon threshold equal to 60% of the starting price. After a six‑month non‑call period, the securities may be automatically called on quarterly calculation days if the stock closing price is at or above a call threshold equal to 90% of the starting price, producing a cash payment of face amount plus a final contingent coupon. If not called, at maturity investors receive either full face amount if the ending price is at or above the downside threshold (also 60% of the starting price) or a reduced principal equal to the performance factor multiplied by $1,000, exposing holders to more than 40% principal loss if the ending price falls below that threshold. All payments are subject to issuer credit risk, distribution commissions of up to $23.25 per security, and other offering costs.

Morgan Stanley Finance LLC prices Principal at Risk Buffered Jump Securities with an auto-callable feature due March 13, 2031. The offering is for securities with a stated principal amount of $1,000 per security and an aggregate principal amount of $1,735,000. The issue price is $1,000 per security and the estimated value on the pricing date was $904.00 per security.

The notes reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, include a 15% buffer and a minimum payment at maturity of 15% of principal, provide potential automatic early redemption with fixed per‑security early redemption payments, do not pay periodic interest, and are fully guaranteed by Morgan Stanley. All payments are subject to issuer credit risk.