Morgan Stanley filings document the company’s financial services business, capital structure, governance and material events. The record includes 8-K reports for current events, proxy materials for annual meeting and shareholder voting matters, and securities listings covering common stock, depositary preferred shares and medium-term notes associated with Morgan Stanley Finance LLC.
Filings also disclose governance procedures, registered security classes, NYSE listing information, preferred stock series, debt-security registration matters and formal status changes such as a Form 25 notice for removal of a listed note class from exchange registration.
Morgan Stanley Finance LLC priced auto-callable principal-at-risk securities linked to the S&P 500® Futures Excess Return Index. The issue totals $2,302,000 in $1,000 denominations, with an issue date of February 20, 2026 and maturity on February 21, 2031. The notes pay no interest, carry a 200% participation rate in upside at maturity, feature automatic early redemption (first determination date February 24, 2027) for an early redemption payment of $1,135, and a downside threshold at 70% of the initial level (initial level 554.73; downside threshold 388.311). The estimated value on the pricing date is $946.80 per security and the agent received commissions of $36.25 per security.
Morgan Stanley Finance LLC offers contingent-income, principal-at-risk notes due August 30, 2027. The securities have a $1,000 stated principal amount per security and an original issue price of $1,000; the estimated value on the pricing date is approximately $962.10.
The notes pay a contingent coupon at an annual rate of 9.55% for each interest period only if the closing level of each underlier meets or exceeds its coupon barrier on the related observation date. The notes are auto-callable on specified redemption determination dates beginning May 26, 2026. At maturity, if no early redemption occurs and each underlier’s final level is at or above its buffer level, investors receive the stated principal; if the worst performing underlier is below its buffer level, holders lose 1% principal for each 1% decline beyond the 20% buffer, subject to a minimum payment at maturity of 20% of stated principal. The value and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC offers a preliminary pricing supplement for callable Contingent Income Securities due February 23, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal and issue price, an estimated value of approximately $979.20 on the pricing date, and a contingent coupon of 10.60% per annum payable only if each underlier closes at or above its coupon barrier on observation dates. The securities are linked to the worst performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index. The notes may be called beginning on May 26, 2026 based on a risk neutral valuation model; if not redeemed, holders receive principal at maturity only if each underlier is at or above its downside threshold (60% of initial level), otherwise investors bear losses equal to the percentage decline of the worst performing underlier.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes fully guaranteed by Morgan Stanley linked to the iShares® Russell 2000® ETF. The stated principal amount and issue price are $1,000 per security; the estimated value on the pricing date is approximately $960.10. The initial level of the underlier (closing level on the strike date) was $263.99, which also sets the call threshold at 100% and the downside threshold at 90% ($237.591).
If the closing level on the first determination date (February 25, 2027) is greater than or equal to the call threshold, the securities will be automatically redeemed on the early redemption date for an early redemption payment of $1,130 per security. If not redeemed early, maturity is February 23, 2029, with payoff mechanics: upside payment = $1,000 × participation rate (150%) × underlier percent change; if final level < downside threshold, payment = stated principal × (final level / initial level).
Morgan Stanley Finance LLC is offering contingent income auto-callable securities linked to NVIDIA Corporation common stock, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued in $1,000 denominations with an original issue price of $1,000 and an estimated value of approximately $958.40 on the pricing date.
The notes pay a contingent coupon at an annual rate of 12.65% on each coupon payment date only if the closing level of the underlier is at or above the coupon barrier (set at 60% of the initial level). The securities feature automatic early redemption beginning with the first redemption determination date on September 4, 2026, for the stated principal plus any contingent coupon if the closing level is at or above the call threshold (100% of the initial level). If not redeemed, at maturity on March 8, 2029 the securities pay principal if the final level is at or above the downside threshold (set at 50% of the initial level), but otherwise pay the stated principal multiplied by the performance factor (final level/initial level), exposing investors to potential loss of principal.
Morgan Stanley Finance LLC offers structured notes linked to the iShares Russell 2000 ETF with a $1,000 stated principal amount per security and a maturity date of February 25, 2028. The securities pay no interest and are fully guaranteed by Morgan Stanley.
Payment at maturity depends on the average closing level of the underlier on specified final averaging dates in February 2028. Upside participation is 100% subject to a maximum upside payment of at least $1,335 (133.50%). An absolute-return feature provides positive payment for limited declines down to a downside threshold set at 80% of the initial level; declines below that threshold produce proportional losses to principal, possibly to zero.
Morgan Stanley Finance LLC priced a preliminary pricing supplement for structured notes: Contingent Income Memory Buffered Auto-Callable Securities due February 28, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued at an issue price of $1,000 per security with an estimated value of approximately $906.50 on the pricing date.
The notes pay a contingent coupon at an annual rate of 8.65% only if the underlier meets the coupon barrier on observation dates. Key thresholds: call threshold = 90% of the initial level, coupon barrier = 70%, buffer level = 85% (buffer amount 15%), and a minimum payment at maturity of 15% of principal. Strike and pricing date: February 25, 2026.
Morgan Stanley Finance LLC is offering Trigger Autocallable Notes due February 20, 2032, fully guaranteed by Morgan Stanley, with principal at risk and a $10 issue price per Security. The notes are linked to the least performing of the S&P 500 Equal Weight, Dow Jones Industrial Average and Russell 2000 indices and pay a fixed 11.40% per‑annum Call Return Rate (semi‑annual observation dates beginning February 25, 2027).
If called on an Observation Date, holders receive principal plus the fixed Call Return for that date. If not called, repayment at maturity depends on the Final Underlying Values: full principal only if each Underlying is at or above its respective Downside Threshold (approx. 75% of initial); otherwise repayment falls proportionately with the Least Performing Underlying, and investors may lose a significant portion or all principal. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC prices Principal at Risk securities offering an aggregate principal amount of $5,877,000 in notes fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $988.50. The securities pay no interest and return is tied to the worst performing of the S&P 500® and Russell 2000® over the term. Investors receive a fixed $90.50 upside payment at maturity if both underliers finish at or above 70% of their initial levels; otherwise principal is reduced in proportion to the decline of the worst performing underlier, with no minimum payment.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Buffer Autocallable GEARS linked to the Russell 2000® Index, a small-cap U.S. equity benchmark. Each Security has a $10 issue price and a term of about three years, with principal at risk.
The notes may be automatically called on the March 3, 2027 Observation Date if the index is at or above 100% of its initial level. In that case, investors receive $11 per $10 (a 10.00% Call Return) and no further upside, even if the index continues to rise.
If not called, and the index is above its initial level at maturity, investors get $10 plus the positive index return multiplied by an Upside Gearing of 1.50 to 1.76. If the index is flat or down but not below 90% of the initial level, $10 is repaid. Below this Downside Threshold, losses match the decline beyond a 10% buffer, up to a 90% loss of principal.
The Securities pay no interest or dividends and will not be listed on any exchange. All payments depend on Morgan Stanley’s credit. The estimated value on the trade date is approximately $9.622 per Security, below the $10 issue price, reflecting internal funding rates and issuance, selling, structuring and hedging costs.