Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering $5,235,000 of Trigger PLUS notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Morgan Stanley.

Each security has a $1,000 principal amount, pays no interest and matures on November 12, 2030. If the index finishes above its initial level of 548.23, investors receive $1,000 plus 194% of the index gain. If the final level is between 60% and 100% of the initial level, investors receive only the $1,000 principal.

If the final level falls below 60% of the initial level (a downside threshold of 328.938), investors lose 1% of principal for each 1% index decline and could lose their entire investment. The estimated value on the pricing date is $983.70 per note. The notes are unsecured, subject to Morgan Stanley’s credit risk and will not be listed on any exchange.

Morgan Stanley Finance LLC is offering $5,624,000 of S&P 500®-linked Buffered Jump Securities with an auto-call feature due November 30, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 note may be automatically redeemed on December 10, 2026 for $1,084.50 if the S&P 500® closing level on December 7, 2026 is at or above the call threshold of 6,705.12.

If the notes are not called and the final index level is at or above 6,705.12, investors receive $1,000 plus the greater of a fixed $169 upside payment or 100% of index gains. If the final level is below the initial level but at or above the 15% buffer (5,699.352), investors receive only the $1,000 principal. Below the buffer, repayment is reduced by 1.1765% for each 1% further decline, with no minimum payment, so the entire investment can be lost.

The securities pay no interest, are unsecured obligations subject to Morgan Stanley’s credit risk, and will not be listed on any exchange. The estimated value on the pricing date is $977.40 per $1,000 note, reflecting issuance, structuring and hedging costs and the issuer’s internal funding rate.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $2,500,000 of Enhanced Buffered Jump Securities linked to the common stock of NVIDIA Corporation. These unsecured notes pay no interest, are not principal protected, and mature on December 16, 2026.

At maturity, if NVIDIA’s final stock level is at or above the buffer level of $143.104 (80% of the $178.88 initial level), investors receive $1,000 plus a fixed upside payment of $197 per security, a 19.70% gain, regardless of how much the stock has risen or modestly fallen. If the final level is below the buffer, repayment is reduced by 1.25% of principal for each 1% decline beyond the 20% buffer, with no minimum payment, so the entire investment can be lost.

The securities’ estimated value on the pricing date is $979.50 per $1,000, reflecting issuing, selling, structuring and hedging costs and an internal funding rate that benefits the issuer. The notes will not be listed on any exchange, secondary liquidity may be limited, and returns depend both on NVIDIA’s stock performance and Morgan Stanley’s creditworthiness.

Morgan Stanley Finance LLC is offering $264,000 of S&P 500®-linked Buffered PLUS notes, issued at $1,000 per security and fully guaranteed by Morgan Stanley. These unsecured notes pay no interest and return depends entirely on the index level at maturity on November 29, 2029.

If the S&P 500® final level exceeds the initial level of 6,705.12, holders receive principal plus 200% of the index gain, capped at a maximum payment of $1,330 per security. A 10% buffer protects against moderate losses, but below 90% of the initial level, investors lose 1% of principal for each 1% additional decline, with a minimum payout of 10% of principal. The estimated value on the pricing date is $942.20 per security, and the notes carry full issuer and guarantor credit risk.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing $500,000 of Enhanced Buffered Jump Securities linked to the Class A common stock of Palantir Technologies Inc. Each note has a stated principal amount and issue price of $1,000.

The notes pay no interest and do not guarantee return of principal. At maturity on December 9, 2026, if Palantir’s final stock price is at or above the buffer level of $108.395 (70% of the $154.85 initial level), investors receive $1,000 plus a fixed upside payment of $245.50 per security, a 24.55% gain, regardless of how much the stock has risen.

If the final level is below the buffer, investors lose 1.4286% of principal for each 1% Palantir falls beyond the 30% buffer, with no minimum payment at maturity, so the entire investment can be lost. The estimated value on the pricing date is $980.40 per security, reflecting issuance, structuring and hedging costs and Morgan Stanley’s internal funding rate. The securities are unsecured, subject to Morgan Stanley’s credit risk, not listed on any exchange, and secondary market liquidity may be limited.

Morgan Stanley Finance LLC is offering Buffered Jump Securities with an auto-call feature linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, fully guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest and exposes investors to issuer credit risk.

The notes can be automatically redeemed quarterly from December 2026 if the index closes at or above 90% of its initial level, paying fixed call amounts that start at $1,120 and step up to $1,590. If the notes are not called and, on the final determination date, the index is at or above the call threshold, investors receive $1,600 at maturity in December 2030.

If at maturity the index is below the call threshold but at or above the 85% buffer level, investors receive only principal back. If it finishes below the buffer, repayment is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is approximately $905.50 per note, and the notes will not be listed on any exchange.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing Dual Directional Trigger PLUS notes due November 29, 2030, linked to the worst performer among the Dow Jones Industrial Average, S&P 500 Index and Russell 2000 Index. Each note has a $1,000 stated principal amount, pays no interest and exposes investors to full principal risk.

If the worst-performing index finishes above its initial level, holders receive principal plus 120% of that index’s gain. If the worst-performing index is at or below its initial level but at or above 60% of its initial level, investors receive principal plus a positive return equal to 50% of the index’s percentage decline, effectively capped at a 20% gain. If the worst-performing index falls below 60% of its initial level, maturity payment is reduced 1% for each 1% decline, and can fall to zero.

The aggregate principal amount is $251,000, offered at $1,000 per note with an estimated value of $934 on the pricing date, reflecting embedded fees and a funding rate favorable to the issuer. The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on an exchange and may have limited secondary liquidity.

Morgan Stanley Finance LLC is issuing callable contingent income securities linked to the worst performer of the S&P 500, EURO STOXX 50 and Russell 2000 indices, maturing on November 29, 2028. Each security has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $115,000, and an estimated value on the pricing date of $939.60 per security.

The notes pay an 8.00% per annum contingent coupon only if, on each observation date, every index closes at or above its coupon barrier level (80% of its initial level). Principal is protected only if, at maturity and no prior redemption, each index finishes at or above its downside threshold (70% of its initial level); otherwise investors lose 1% of principal for each 1% decline in the worst-performing index, potentially all of their investment.

The securities are subject to early redemption from May 29, 2026 onward if a risk neutral valuation model indicates calling is economically rational for the issuer. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, will not be listed on any exchange, and carry significant market, credit, liquidity and U.S. tax risks.

Morgan Stanley Finance LLC is offering $1,887,000 of Dual Directional Buffered Participation Securities linked to the S&P 500^® Index, due November 29, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and is principal at risk.

At maturity, investors participate 100% in S&P 500 gains, capped at a maximum payment of $1,480 per $1,000 security. If the index is flat or down but not below 85% of its initial level, investors earn up to a 15% positive "absolute" return. Below the 15% buffer, investors lose 1% of principal for each 1% additional index decline, with a minimum payment of 15% of principal.

The estimated value on the pricing date is $933.20 per security, below the $1,000 issue price because of issuing, selling, structuring and hedging costs and the issuer’s internal funding rate. The notes will not be listed on any exchange, secondary market liquidity may be limited, and all payments depend on Morgan Stanley’s credit.