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 offers Structured Investments — Enhanced Buffered Jump Securities due March 8, 2027. The offering consists of $1,000 stated principal per security, with an aggregate principal amount of $18,100,000, priced at $1,000 per security and issued February 13, 2026.
The securities are principal‑at‑risk notes fully and unconditionally guaranteed by Morgan Stanley. Redemption depends on the worst performing of three underliers (Russell 2000®, S&P 500® Futures Excess Return Index, XLU ETF). If the worst performing underlier is at or above its 75% buffer level on the observation date, holders receive the stated principal plus an $86.50 upside payment (8.65%). If the worst performing underlier falls below its buffer, losses are applied at a downside factor of 1.3333% per 1% beyond the 25% buffer and there is no minimum payment at maturity.
All payments are subject to issuer and guarantor credit risk, the estimated value on the pricing date was $987.10 per security, and secondary market liquidity may be limited. The observation date is March 3, 2027 (subject to postponement).
Morgan Stanley Finance LLC priced a structured note offering. MSFL issued $6,554,000 aggregate principal of contingent income, memory buffered, auto-callable securities due February 13, 2031 with a stated principal of $1,000 per security.
The notes pay a 10.00% contingent coupon when the underlier meets the coupon barrier (70% of the initial level) on observation dates, feature automatic early redemption at the call threshold (100% of the initial level), and a buffer of 15% (buffer level ~85% of initial). The estimated value on the pricing date was $907.10 per security and MS & Co. received a fixed sales commission of $43.50 per security.
Morgan Stanley Finance LLC priced a callable, principal-at-risk note program registering an aggregate principal amount of $1,093,000 of Structured Investments—Callable Contingent Income Securities due August 15, 2028.
The securities pay a contingent coupon at an annual rate of 8.55% on each coupon date only if the closing level of each underlier meets or exceeds its coupon barrier (each set at 70% of its initial level). They are linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100® Technology Sector and the Russell 2000®. If any underlier is below its downside threshold (also 70% of its initial level) at maturity, principal is reduced by the percentage decline of the worst performing underlier, potentially to zero.
The notes are callable starting on the first redemption date and may be redeemed based on the output of a risk neutral valuation model. Estimated value on the pricing date was $952.50 per security; issue price was $1,000 with an agent commission of $22.50.
Morgan Stanley Finance LLC is offering market-linked, auto-callable principal-at-risk securities due March 1, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a face amount of $1,000, an estimated pricing-date value of $908.10, and a contingent coupon rate to be set on the pricing date of at least 20.15% per annum.
The securities pay monthly contingent coupons (with a memory feature) only if the lowest-performing underlying on each monthly calculation day is at or above its coupon threshold (40% of the starting price). Beginning after approximately six months, the securities may be automatically called if all underlyings meet call thresholds. At maturity holders may lose more than 60% of principal if the lowest-performing underlying falls below its downside threshold.
Morgan Stanley Finance LLC is offering Dual Directional Trigger Jump Securities due March 5, 2031, fully guaranteed by Morgan Stanley. These principal‑at‑risk notes pay no interest and have a $1,000 stated principal amount per security.
At maturity the securities pay: if the EURO STOXX 50® Index has appreciated, $1,000 plus the greater of the index gain or an $438.70 upside payment (43.87%); if the index falls but remains ≥75% of the initial value, you receive $1,000 plus a positive return equal to the absolute percentage decline (capped at 25%); if the index falls below 75% of the initial value, you incur a 1:1 loss in principal. All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC is offering Dual Directional Auto-Callable Trigger PLUS notes linked to shares of the iShares® Bitcoin Trust ETF (IBIT) due March 3, 2028. Each security has a stated principal amount of $1,000. The notes pay no interest and are automatically redeemed if the determination closing price on the first determination date (March 5, 2027) is greater than or equal to the initial share price for an early redemption payment of at least $1,319 per security. If not called, the maturity payment depends on the final share price on the final determination date (February 29, 2028): up to 150% of upside above the initial share price, a capped positive return if the final price is between the initial price and a downside threshold equal to 75% of the initial share price, or full downside exposure (loss of principal, possibly total) if below that threshold. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley has set 2025 total compensation for its Chairman and CEO, Edward Pick, at $45 million. The board’s Compensation Committee cited his outstanding performance in his second year as CEO and first year as Chairman, highlighting what it described as exceptional firm results and consistent execution of the strategy to raise, manage and allocate capital.
The decision reflects an assessment against long-term strategic priorities focused on strategy, culture, financial strength and growth. About 75% of Mr. Pick’s bonus is deferred over three years, and 100% of that deferred portion will be delivered as performance-vested equity awards, tying a significant share of his pay to future company performance and shareholder outcomes. Further detail on his compensation structure and that of other top executives is expected in the 2026 proxy statement.
Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to Apple Inc. common stock that mature on February 23, 2029. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The securities pay a 10.46% annual contingent coupon (about $26.15 per quarter) only for quarterly determination dates when the closing price of the underlying stock is at least 80% of the initial share price (the downside threshold). If the underlying stock closes on or above the initial share price on any of the first eleven determination dates, the securities will be automatically redeemed for principal plus the contingent coupon. If not redeemed, maturity payment depends on the final share price: full principal plus coupon if final share price is at or above the downside threshold, or a principal payment reduced 1-to-1 by the share performance factor if below (which could be less than 80% of principal and could be zero). The pricing date was February 20, 2026 and the original issue date is February 25, 2026. The estimated value on the pricing date was approximately $971.40 per security. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley, and are subject to issuer credit risk and the tax and liquidity risks described in the supplement.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due March 4, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $960.70.
The notes are linked to the worst performing of the Russell 2000® and the S&P 500®. They can auto-redeem on scheduled determination dates starting March 2, 2027, for fixed early redemption payments shown in the supplement. If not redeemed, payoff at maturity depends on final index levels relative to call and downside thresholds (both set at 100% and 70% of initial levels in examples). All payments are subject to issuer credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Buffered Jump Securities linked to the S&P 500® Index, with principal at risk and no periodic interest payments. The notes mature on May 25, 2027, based on the index level observed on May 20, 2027.
Each $1,000 security pays at maturity: the principal plus a fixed $93.50 upside payment (a 9.35% gain) if the final index level is at or above the initial level; only principal back if the index is down but not below a 10% buffer; or a loss of 1% of principal for every 1% index decline beyond that buffer, subject to a minimum payment of 10% of principal. The estimated value on the pricing date is approximately $971.30 per security, reflecting issuance, structuring and hedging costs and the issuer’s internal funding rate.