Morgan Stanley SEC Filings

Morgan Stanley Finance LLC priced structured, principal-at-risk notes backed by Morgan Stanley guarantee. The offering totals $688,000 aggregate principal in $1,000 denominations at an issue price of $1,000 per security and an estimated value of $903.60 on the pricing date. The notes reference the SPDR® Gold Trust and VanEck® Semiconductor ETF, mature on March 7, 2031, and include an automatic early redemption feature with a first determination date of March 11, 2027 and an early redemption payment of $1,431.50. The payoff is based on the worst performing underlier, a 150% participation rate in upside, a 50% downside threshold, and full credit exposure to Morgan Stanley.

Morgan Stanley Finance LLC issued contingent income, principal-at-risk notes due March 19, 2027 that are fully guaranteed by Morgan Stanley. The securities pay a contingent coupon at an annual rate of 10.64% on each coupon date only if the S&P 500 closing level on the related observation date is at or above the coupon barrier (approximately 85% of the initial level). The notes are auto-callable on specified redemption determination dates if the index is at or above the call threshold (the initial level). At maturity, if the final level is below the downside threshold (approximately 85% of the initial level), principal is reduced pro rata (performance factor = final level / initial level). Issue price is $1,000 with estimated value on the pricing date of $984.90; commissions equal $10 per $1,000. All payments are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a contingent‑income, principal‑at‑risk auto‑callable note program fully guaranteed by Morgan Stanley. The securities are issued at a $1,000 stated principal amount per security with an aggregate principal amount of $1,505,000, an estimated value on the pricing date of $942.10, and an issue price of $1,000 per security. The notes pay a contingent coupon at an annual rate of 14.85% only if the underlier meets the coupon barrier on observation dates, are callable on specified dates beginning September 10, 2026, and mature on March 7, 2031. The underlier initial level is 2,708.76; the coupon barrier is 70% of that level (1,896.132) and the downside threshold is 60% (1,625.256). If not redeemed and the final level is below the downside threshold, investors lose principal pro rata; if final level is at or above the downside threshold, principal is returned.

Morgan Stanley Finance LLC amends the pricing supplement for a $13,113,000 issuance of Structured Investments Variable Income Auto-Callable Notes due January 31, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes pay a variable monthly coupon of 9.00% (higher) or 0.25% (lower) depending on observation-date performance of four underlying stocks and are linked to the worst performing underlier (Broadcom, Meta Platforms class A, Tesla, Micron). The notes may be automatically redeemed on specified redemption determination dates if each underlier meets its 90% call threshold; otherwise investors receive principal at maturity. The document discloses estimated value ($940.40 per note), issue price ($1,000), agent commissions ($42.50 per note) and that all payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced a preliminary offering of market-linked, auto-callable, principal-at-risk securities due March 15, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a face amount of $1,000, a public price of $1,000, and estimated value of approximately $970.10 on the pricing date. The offering includes an agent commission of $18.25 per security (proceeds to issuer $981.75 per security). The securities carry contingent quarterly coupons (annualized contingent coupon rate set at not less than 10.25%) payable only if the lowest performing underlying meets daily coupon thresholds, and feature a 70% downside threshold (exposure to losses greater than 30% if breached). Terms and payment mechanics are subject to the pricing date determinations and the product and index supplements referenced herein.

Morgan Stanley Finance LLC amended a preliminary pricing supplement for contingent income memory auto-callable securities due July 9, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000, with an estimated value on the pricing date of approximately $987.20.

The securities reference the EURO STOXX 50®, Russell 2000® and S&P 500® indices. A 15.00% per annum contingent coupon may pay on observation dates only if every underlier is at or above its coupon barrier (70% of initial level). The notes are automatically redeemed on November 12, 2026 if each underlier is at or above its call threshold (100% of initial level) as of the redemption determination date November 9, 2026. If not called, maturity payoff on July 9, 2027 returns principal only if each final level is at or above the downside threshold (70%); otherwise holders suffer losses proportional to the worst performing underlier.

Morgan Stanley Finance LLC offers Trigger PLUS securities due March 16, 2029, fully guaranteed by Morgan Stanley. Each $1,000 security provides leveraged upside (245%) if the worst performing of the EURO STOXX 50®, Russell 2000® and S&P 500® finishes above its strike level, principal repaid at maturity if the worst underlier is at or above 70% of its initial level, and pro rata loss equal to the full decline of the worst underlier below that 70% threshold. The securities pay no interest, carry issuer credit risk, have an estimated pricing‑date value of approximately $966.80, and are intended for fee‑based advisory accounts.

Morgan Stanley Finance LLC offers callable Contingent Income Securities due September 14, 2028. The securities are principal‑at‑risk notes, fully and unconditionally guaranteed by Morgan Stanley, linked to the VanEck® Junior Gold Miners ETF. They pay a contingent coupon at an annual rate of 21.40% only if the underlier’s closing level on each observation date is at or above the coupon barrier level (the coupon barrier is 70% of the initial level).

The notes may be redeemed early beginning on the first redemption date (September 16, 2026) if, on a model determination date, a risk neutral valuation model indicates early redemption is economically rational for the issuer. If not called and the final level is below the downside threshold (also 70% of initial level), the payment at maturity equals the stated principal amount multiplied by the performance factor (final/initial), exposing investors to full downside, potentially to zero.

Morgan Stanley Finance LLC issues $2,000,000 of auto-callable, principal-at-risk notes due March 18, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount and an estimated value on the pricing date of $985.40 per security.

The notes reference the Dow Jones Industrial Average with an initial and call threshold level of 48,904.78 (initial level), a downside threshold of 39,123.824 (80% of initial), and automatic early redemption opportunities on specified determination dates beginning June 15, 2026. Early redemption payments and the payment at maturity are fixed per the terms; if the final level is below the downside threshold, payment at maturity equals the stated principal amount multiplied by the performance factor and could be significantly less or zero. All payments are subject to the issuer’s credit risk.