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 contingent income, principal-at-risk notes due March 6, 2031 linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $933.50.
The securities pay a contingent coupon at an annual rate of 16.60% only if the underlier’s closing level on each observation date is at or above a coupon barrier equal to 80% of the initial level; automatic early redemption occurs if the underlier is at or above the call threshold of 100% on any redemption determination date. At maturity, if the final level is below the downside threshold of 60% of the initial level, principal is reduced proportionally (performance factor = final level / initial level). The underlier applies a 4.0% per annum daily decrement and uses intraday rebalancing and up to 400% leverage.
Morgan Stanley Finance LLC provides an index supplement describing the S&P 500 Futures 40% Intraday 4% Decrement VT Index, a rules-based, long-only strategy on E-mini S&P 500 futures. The index targets 40% annualized volatility, can use up to 400% futures exposure, and rebalances intraday using volume‑weighted average prices.
The index deducts a fixed 4.0% per annum decrement from its level on a daily basis after leverage, which causes it to underperform an otherwise identical index without this feature. The index was established on August 30, 2024, and all performance before that date is hypothetical back‑tested data with significant limitations and risks highlighted.
Morgan Stanley Finance LLC is issuing Contingent Income Auto-Callable Securities due February 9, 2029, linked to Eli Lilly and Company common stock and fully guaranteed by Morgan Stanley. The aggregate principal amount is $2,888,000, with a $1,000 issue price and stated principal per security.
Investors may receive a contingent quarterly coupon at a 10.00% annual rate (about $25 per quarter per security) only when Eli Lilly’s determination closing price is at least 65% of the initial share price of $1,058.18, a downside threshold of $687.817. If on any of the first eleven determination dates the stock is at or above the initial share price, the notes are automatically redeemed for principal plus that period’s coupon.
If not called, and the final share price is at or above the downside threshold, investors receive principal plus the final coupon. If the final share price is below the downside threshold, repayment is reduced 1‑for‑1 with the stock decline, potentially to zero, so all principal is at risk. The estimated value on the pricing date is $957.40 per security, below the $1,000 issue price, reflecting issuer costs and funding spread. The securities are unsecured obligations, not listed on any exchange, and depend entirely on Morgan Stanley’s credit.
Morgan Stanley Finance LLC offers Buffered PLUS principal-at-risk notes linked to the worst-performing of the iShares IEMG and EEM ETFs, maturing February 21, 2031. Each security has a stated principal amount of $1,000, a 124.50% leverage factor for upside, a 15% buffer and a minimum payment at maturity of 15% of principal. The strike and pricing date are February 18, 2026 and the estimated value on the pricing date is approximately $928 per security. Payments at maturity depend solely on the closing levels of the underliers on the observation date and are based on the worst-performing underlier; if that underlier falls below the buffer level, investors lose 1% of principal for each 1% decline beyond the buffer. All payments are subject to the issuer and guarantor credit risk of Morgan Stanley.
Morgan Stanley Finance LLC prices Callable Contingent Income Securities linked to the S&P 500® Index. The offering totals $1,245,000 (stated principal $1,000 per security) with a contingent quarterly coupon of 7.81% per annum (≈$19.525 per quarter) payable only if the S&P 500® closes at or above the coupon barrier of 5,545.84 (80% of the initial index value 6,932.30) on each observation date.
The notes mature February 10, 2028, are callable quarterly beginning May 11, 2026 based on a risk‑neutral valuation model, and are principal‑at‑risk: if the final index value is below the downside threshold (5,545.84), the maturity payment equals the stated principal multiplied by the index performance factor and could be less than 80% of principal or zero. Estimated value on pricing date: $978.00 per security. Payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments are subject to issuer credit risk.
Morgan Stanley Finance LLC is issuing principal-at-risk Enhanced Trigger Jump Securities linked to the State Street® Consumer Discretionary Select Sector SPDR® ETF. Each note has a $1,000 stated principal amount, with $500,000 aggregate principal and an issue price of $1,000 per security.
At maturity on February 9, 2029, if the ETF’s final level is at or above the downside threshold of $94.392 (80% of the $117.99 initial level), holders receive $1,000 plus a fixed upside payment of $295, a 29.50% return. If the final level is below the threshold, repayment is $1,000 multiplied by the performance factor (final level divided by initial level), so investors lose 1% of principal for each 1% decline, up to a complete loss.
The notes pay no interest, are unsecured obligations of MSFL fully and unconditionally guaranteed by Morgan Stanley, and will not be listed on any exchange. The estimated value on the pricing date is $976.70 per security, reflecting issuer costs and an internal funding rate, and secondary market prices may be lower. The securities carry issuer credit risk, potential limited liquidity, sector concentration risk in consumer discretionary stocks, and complex U.S. federal income tax treatment.
Morgan Stanley Finance LLC offers a Preliminary Pricing Supplement for Buffered PLUS Principal at Risk Securities due February 18, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $982.90.
Payoff is tied to the worst performing of three underliers — the iShares MSCI EAFE ETF (EFA), iShares MSCI Emerging Markets ETF (EEM) and the Nikkei Stock Average (NKY). If the worst performing underlier appreciates, investors receive principal plus a 210% leverage on that appreciation. A buffer of 15% (buffer level = 85% of the initial level) protects against losses up to that amount; if the worst underlier falls below the buffer, investors lose 1% for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 15% of principal.
Morgan Stanley Finance LLC priced principal-at-risk callable notes linked to Amazon.com common stock. Each note has a stated principal amount of $1,000, an annual fixed coupon of 8.25%, a first redemption date of February 17, 2027 and maturity on February 17, 2028.
If not called, repayment at maturity depends on the final closing level of the underlier on the observation date: if the final level is at or above a downside threshold equal to 60% of the initial level, investors receive principal; if below, principal is multiplied by final/initial level, exposing investors to full downside (principal could be zero). The notes are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley, and all payments are subject to issuer credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk Dual Directional Jump Securities due March 2, 2029 linked to the worst performing of Microsoft, Alphabet (Class A) and NVIDIA common stock. Each security has a stated principal amount of $1,000, an early redemption payment of $1,500 on the first determination date and an upside participation rate of 300%.
The securities pay no regular interest, are unsecured obligations of MSFL and are unconditionally guaranteed by Morgan Stanley. Automatic early redemption is determined on March 2, 2027. If not called, payout at maturity depends on the worst performing underlier versus its initial level and a downside threshold of 60% of initial level; losses can be 1% for each 1% decline and could result in a total loss of principal. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC priced Principal at Risk Trigger Jump Securities linked to the common stock of EMCOR Group, Inc. with a stated principal amount of $1,000 per security and an aggregate principal amount of $469,000.
The securities have an initial level of $764.35 (strike date February 6, 2026), an upside payment of $515 per security (51.50% of principal), a downside threshold of $573.263 (approximately 75% of the initial level), an observation date of February 7, 2028 and a maturity date of February 10, 2028.
At maturity the payout is: principal plus the upside payment if the final level is >= initial level; principal only if the final level is >= downside threshold but < initial level; otherwise holders lose an amount proportional to the decline in the underlier, with no minimum payment. All payments are subject to Morgan Stanley and MSFL credit risk.