Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering Contingent Income Buffered Auto-Callable Securities due November 29, 2030, linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index and fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, with an aggregate principal amount of $100,000, and an estimated value on the pricing date of $900.80.

The notes pay a 12.00% per annum contingent coupon only when the index closes at or above the coupon barrier of 2,040.108 on the relevant observation date and are automatically called if the index is at or above the 2,768.718 call threshold on specified dates starting in 2026. If not called, principal is repaid at maturity only if the final index level is at or above the 2,477.274 buffer level; otherwise investors lose 1% of principal per 1% index decline beyond the 15% buffer, subject to a 15% minimum payment. The securities are unsecured, not listed, and expose investors to Morgan Stanley’s credit risk and to the leveraged, decrement-based index.

Morgan Stanley Finance LLC is issuing $624,000 of Buffered Jump Securities with Auto-Callable Feature linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each note has a $1,000 stated principal amount and issue price, is unsecured, and is fully and unconditionally guaranteed by Morgan Stanley, with no periodic interest payments.

The notes can be automatically redeemed starting on November 25, 2026 if the index is at or above the 1,127.75 call threshold level, paying an early redemption amount that targets about 15.25% per annum, up to preset cash payments that increase on each of 48 determination dates. If held to November 29, 2030 and not auto-called, investors receive $1,762.50 per note if the final index level is at or above the call threshold, only principal back if the index finishes between the 80% buffer level of 902.20 and the threshold, and a proportional loss beyond the 20% buffer, subject to a 20% minimum payment of principal.

The estimated value on the pricing date is $906.30 per $1,000 note, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s internal funding rate, so secondary market prices are expected to start below par. The notes are not listed, market making by Morgan Stanley & Co. LLC is discretionary, and investors face both index performance risk and Morgan Stanley’s credit risk, including the possibility of losing a significant portion of principal.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Contingent Income Memory Buffered Auto-Callable Securities linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, maturing on November 29, 2030. Each security has a $1,000 stated principal amount and an aggregate principal of $3,588,000, with an estimated value on the pricing date of $901.10 per security.

The notes pay an annual 11.00% contingent coupon, but only when the index closes at or above the coupon barrier level of 902.20 (80% of the initial level) on the relevant observation date; missed coupons can be paid later if the barrier is met. The notes are auto-callable quarterly starting November 24, 2026 if the index is at or above the call threshold level of 1,127.75, returning principal plus due coupons.

If not called, and at maturity the index is at or above the buffer level of 958.588 (85% of the initial level), investors receive full principal back plus any payable coupons. If the final level is below the buffer, principal is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal, meaning a significant loss of capital is possible. The securities are unsecured and subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and may have limited liquidity.

Morgan Stanley Finance LLC is issuing Enhanced Buffered Jump Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount and issue price of $1,000, with a total aggregate principal amount of $7,062,000, and an estimated value on the pricing date of $982.40 per security due to issuing, selling, structuring and hedging costs.

The notes mature on December 10, 2026 and pay no interest and do not guarantee return of principal. If the S&P 500® final level on the observation date is at or above the buffer level of 5,699.352 (85% of the initial level of 6,705.12), investors receive principal plus a fixed upside payment of $70 per security (7.00%). If the final level is below the buffer level, investors lose about 1.1765% of principal for every 1% decline beyond the 15% buffer, with no minimum payment at maturity, so the entire investment can be lost. The securities are unsecured, subject to Morgan Stanley’s credit risk and will not be listed, and secondary market liquidity may be limited.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $529,000 of Buffered Jump Securities with an auto-call feature linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and matures on November 29, 2030, with no periodic interest payments.

The notes can be automatically redeemed on quarterly determination dates starting November 25, 2026 if the index closes at or above the call threshold level of 958.588 (85% of the initial level of 1,127.75), for increasing early redemption payments corresponding to a return of about 9.50% per annum (from $1,095 to $1,467.083 per security over the schedule).

If the notes are not called and the final index level is at or above the 15% buffer level of 958.588, investors receive a fixed $1,475 per security at maturity. If the final level is below the buffer, the payout is $1,000 × (performance factor + 15%), with a minimum of 15% of principal, exposing investors to losses beyond the buffer. The securities are unsecured, not listed on an exchange, carry issuer and guarantor credit risk, and had an estimated value on the pricing date of $903.90 per security, reflecting embedded costs and an internal funding rate. Upfront selling commissions are $43.50 per security.

Morgan Stanley Finance LLC is offering principal-at-risk “Jump Securities” with an auto-call feature, fully and unconditionally guaranteed by Morgan Stanley, in an aggregate principal amount of $693,000 at $1,000 per security. The notes are linked to the worst performer of the Utilities Select Sector SPDR Fund, the EURO STOXX 50 Index and the Russell 2000 Index, and pay no interest. They may be automatically redeemed on scheduled determination dates if each underlier is at or above its call threshold, for increasing early redemption payments corresponding to approximately 16.30% per annum. If held to maturity and not called, holders receive $1,815 per security if all underliers are at or above their call thresholds, only principal back if all are above downside thresholds, and a loss of 1% of principal for each 1% decline in the worst underlier below its downside threshold, potentially down to zero. The estimated value on the pricing date is $977.80 per security, reflecting structuring and hedging costs and an internal funding rate advantageous to the issuer.

Morgan Stanley Finance LLC is offering $2,690,000 of Contingent Income Memory Buffered Auto-Callable Securities due November 29, 2030, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index and fully guaranteed by Morgan Stanley. These principal-at-risk notes pay a contingent coupon at 10.75% per year only if, on each observation date, the index closes at or above 80% of its initial level (the 902.20 coupon barrier), with any missed coupons potentially paid later if the barrier is met.

The notes may be automatically called on quarterly dates starting November 24, 2026 if the index is at or above 100% of its initial level (1,127.75), returning principal plus applicable coupons, after which no further payments are made. At maturity, if not called and the index is at or above the 85% buffer level (958.588), investors receive full principal; below that, they lose 1% of principal for each 1% drop beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is $897.90 per $1,000 note, reflecting issuance, structuring and hedging costs, and all payments depend on Morgan Stanley’s credit.

Morgan Stanley Finance LLC is issuing Trigger PLUS structured notes linked to the worst performer of the S&P 500 Index, Nasdaq-100 Technology Sector Index and Russell 2000 Index. The notes have a stated principal amount of $1,000 per security, an aggregate principal amount of $672,000, and mature on November 29, 2029. They pay no interest and do not guarantee repayment of principal.

At maturity, if all three indexes finish above their initial levels, investors receive $1,000 plus 153% of the worst performer’s gain. If any index finishes below its downside threshold of 70% of its initial level, investors lose 1% of principal for each 1% decline in the worst performer, with no minimum payment. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value of $936.50 per $1,000 on the pricing date and no stock exchange listing.

Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing Contingent Income Memory Auto-Callable Securities linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a stated principal amount and issue price of $1,000, for an aggregate principal amount of $166,000.

The notes offer a contingent coupon at an annual rate of 10.50%, payable only when the index closes at or above the coupon barrier level of 789.425 on scheduled observation dates. The notes may be automatically redeemed on specified redemption determination dates if the index closes at or above the call threshold level of 1,127.75, returning principal plus due contingent coupons.

If not called, and at maturity on November 29, 2030 the index is at or above the downside threshold level of 676.65, investors receive principal plus any payable coupons. If the final index level is below this threshold, repayment is reduced 1% for each 1% index decline, and the maturity payment could be zero. The estimated value on the pricing date is $903.40 per security, and all payments are subject to Morgan Stanley’s credit risk.