Morgan Stanley SEC Filings

Morgan Stanley Finance LLC amends a preliminary pricing supplement for Principal-at-Risk structured notes due March 11, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued at a $1,000 stated principal amount per security with an estimated value on the pricing date of approximately $935.80.

The notes reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, include a 4.0% per annum decrement, and are auto-callable beginning on the first determination date, March 9, 2027. If auto‑redeemed on a determination date, the early redemption payment corresponds to a return of approximately 16.00% per annum. If not redeemed, maturity payoffs are $1,800 per security if the final level is at or above the downside threshold (60% of the initial level); otherwise the payment equals the stated principal multiplied by the performance factor (final/initial), exposing investors to full downside risk.

Morgan Stanley Finance LLC offers Structured Investments—Buffered Jump Securities with an Auto-Callable feature, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and a participation rate of 100% in upside performance of the S&P 500® Futures Excess Return Index.

The securities have an initial issue price of $1,000, an estimated value on the pricing date of approximately $945.30, a strike/pricing date of March 26, 2026, an original issue date of March 31, 2026, a first determination date of April 5, 2027 (auto-call test), an early redemption payment of $1,137.50 if the call threshold (100% of the initial level) is met, and a maturity date of March 31, 2031. The securities include a 10% buffer (buffer level = 90% of initial) and a 10% minimum payment at maturity.

Morgan Stanley Finance LLC priced a preliminary offering of structured Principal-at-Risk notes due March 23, 2028 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000.

The notes are linked to the MSCI Emerging Markets Index, have a 15% buffer (buffer level = 85% of the initial level), a downside factor of 1.1765, a 100% participation rate for upside, an automatic early‑redemption feature with first determination on March 31, 2027 (call threshold = 100% of the initial level) and maturity on March 23, 2028. The estimated value on the pricing date was approximately $973.50 per security and agent fees are up to $15 per $1,000 security.

Morgan Stanley Finance LLC priced a preliminary offering of structured, principal-at-risk, auto-callable buffered jump securities due December 26, 2028, linked to the worst performing of the VanEck® Gold Miners ETF (GDX) and the State Street® SPDR® S&P® Metals & Mining ETF (XME). Each security has a $1,000 stated principal amount and an original issue price of $1,000. The document shows an estimated value on the pricing date of approximately $945.70. The notes feature a 15% buffer level (buffer amount 15%) and a minimum payment at maturity equal to 15% of principal. Automatic early redemption begins no earlier than the first determination date on September 18, 2026, with scheduled determination/early redemption dates through the final determination date on December 20, 2028 and early redemption payments that equate to approximately 9.70% per annum on the listed dates. If both final levels are at or above their buffer levels, the payment at maturity is $1,266.75; if the worst performing underlier is below its buffer, maturity payment falls by 1% for each 1% decline beyond the buffer. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable securities due March 13, 2031 that are fully guaranteed by Morgan Stanley. The securities pay a 9.50% contingent coupon on scheduled coupon dates only if the underlier meets the coupon barrier level on the related observation date.

The notes feature automatic early redemption beginning with the March 10, 2027 redemption determination date if the underlier is at or above the call threshold (100% of the initial level). At maturity investors receive principal if the final level is at or above the buffer level (70% of the initial level); otherwise principal is reduced 1% per 1% decline beyond the buffer, subject to a 30% minimum payment. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS notes linked to the Russell 2000® Index with a $1,000 stated principal per security. The notes feature a 200% leverage on upside subject to a $1,175 maximum payment at maturity and a 10% buffer (buffer level = 90% of the initial level). The observation date is September 7, 2027 (pricing and strike dates: March 6, 2026; original issue date: March 11, 2026; maturity: September 10, 2027). If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a minimum payment of 10% of principal. The estimated value on the pricing date is approximately $965.40. All payments are subject to issuer and guarantor credit risk; the securities pay no interest and have uncertain U.S. federal income tax treatment.

Morgan Stanley Finance LLC offers Buffered PLUS principal-at-risk securities tied to the iShares MSCI EAFE ETF (EFA) with a stated principal amount of $1,000 per security. The securities mature on September 10, 2027, have a 200% leverage factor, a 10% buffer (buffer level = 90% of initial level) and a maximum payment at maturity of $1,135 per security (113.50%). The estimated value on the pricing date is approximately $967 per security. Payments at maturity depend solely on the closing level of the underlier on the observation date, subject to postponement for non-trading days and certain market disruptions; if the final level falls below the buffer, investors incur pro rata losses beyond the buffer, subject to a minimum payment of 10% of stated principal. All payments are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley; holders bear Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced market-linked, auto-callable principal-at-risk securities due March 13, 2031, guaranteed by Morgan Stanley. Each security has a $1,000 face amount, an estimated value of approximately $953.20 on the pricing date and a contingent quarterly coupon rate to be set on the pricing date of at least 9.85% per annum. Quarterly calculation days begin in June 2026; automatic call features start after ~six months. At maturity, unpaid principal is linked 1:1 to the performance of the lowest performing underlying (S&P 500, Russell 2000, Nasdaq-100 Technology), with downside threshold at 75% of starting levels.

Morgan Stanley Finance LLC (through Morgan Stanley) is offering structured, principal‑at‑risk notes called Buffered Jump Securities due December 26, 2028, linked to the worst performing of the VanEck® Gold Miners ETF and the Global X Copper Miners ETF. Each security has a $1,000 stated principal amount and an estimated pricing‑date value of approximately $938.80. The notes feature an automatic early redemption schedule that yields an early redemption payment equivalent to approximately 12.25% per annum if both underliers meet call thresholds on a determination date. A 15% buffer applies: at maturity investors receive a fixed positive payment if both underliers finish at or above their buffer levels, but will lose 1% of principal for each 1% decline of the worst performing underlier beyond the buffer, subject to a minimum payment at maturity of 15% of principal. All payments are unsecured and subject to Morgan Stanley’s credit risk.