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, fully guaranteed by Morgan Stanley, is offering principal-at-risk callable contingent income securities linked to Class B common stock of United Parcel Service, Inc. The notes pay a contingent annual coupon of 12.05% only when UPS closes at or above a coupon barrier on scheduled observation dates.
The securities can be called in whole on specified redemption dates starting August 11, 2026, but only if a risk-neutral valuation model shows early redemption is economically rational for Morgan Stanley. If not called and UPS is at or above a downside threshold of 65% of the initial level at maturity on February 10, 2028, investors receive the full $1,000 principal per note plus any final coupon.
If the final UPS level is below the downside threshold, repayment is reduced 1% for each 1% decline in UPS over the term, potentially resulting in a zero payment. The estimated value on the pricing date is approximately $978.20 per $1,000 note, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s internal funding rate. The notes will not be listed, may have limited liquidity, and all payments are subject to Morgan Stanley’s credit risk and complex, uncertain U.S. tax treatment.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Callable Contingent Income Securities due August 17, 2028, linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100® Technology Sector Index and Russell 2000® Index.
The notes pay a 10.70% annual contingent coupon, but only when each index closes at or above its coupon barrier on scheduled observation dates. Beginning February 19, 2027, the issuer may redeem the notes on specified dates if a risk-neutral valuation model indicates early redemption is economically rational for Morgan Stanley.
If the notes are not redeemed and each index finishes at or above its downside threshold on the final observation date, investors receive full principal (plus any final coupon). If any index finishes below its downside threshold, repayment is reduced 1% for every 1% decline in the worst-performing index, potentially to zero. All payments depend on Morgan Stanley’s credit.
Morgan Stanley Finance LLC is offering $1,000-denomination principal-at-risk structured notes linked to the worst performing of the Invesco QQQ Trust, Series 1 and the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and mature on August 13, 2027.
At maturity, if both underliers finish above their initial levels, investors receive principal plus 100% of the worst performer’s gain, capped at a maximum payment of $1,307 per security (130.70% of principal). If either underlier ends between its initial level and its 15% buffer level, investors receive only principal.
If either underlier closes below its 15% buffer level, repayment is reduced 1% for each 1% decline beyond the buffer, with a minimum payment of 15% of principal. The notes are unsecured, subject to Morgan Stanley’s credit risk, and had an indicative estimated value of approximately $985.10 per security on the pricing date.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes linked to the worst performer of the EURO STOXX 50® and Nasdaq-100 Index®, maturing on February 16, 2029. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if both indexes finish above their initial levels, holders receive $1,000 plus 220.75% of the gain of the worst-performing index. If the worst performer is down but not below 80% of its initial level, investors gain the absolute decline, up to a 20% maximum positive return. If either index ends below its 80% downside threshold, investors lose 1% of principal for each 1% decline in the worst performer, with no minimum repayment.
The notes are unsecured obligations of Morgan Stanley Finance LLC, fully and unconditionally guaranteed by Morgan Stanley, and will not be listed on any exchange. The estimated value on the pricing date is approximately $977.50 per $1,000 security, reflecting issuing, structuring and hedging costs and Morgan Stanley’s internal funding rate.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Trigger Jump Securities linked to the worst performer of the S&P 500 Index and Nasdaq‑100 Index, maturing on February 6, 2031. The notes pay no interest and do not guarantee return of principal.
At maturity, if both indices finish at or above their initial levels, holders receive $1,000 plus the greater of index-based upside or a fixed $226 upside payment per $1,000. If either index is below its initial level but both remain at or above 50% of their initial levels, investors receive only $1,000. If either index falls below its 50% downside threshold, repayment is reduced 1% for each 1% decline in the worst-performing index, potentially to zero.
The initial levels are 6,976.44 for the S&P 500 and 25,738.61 for the Nasdaq‑100, with downside thresholds at half those values. The estimated value on the pricing date is approximately $965.40 per security, reflecting issuance, structuring and hedging costs and an internal funding rate that is favorable to the issuer.
Morgan Stanley Finance LLC is issuing principal-at-risk "Jump Securities" with an auto-callable feature, fully guaranteed by Morgan Stanley, maturing on February 4, 2031. The notes are linked to the worst performer of the S&P 500, EURO STOXX 50 and Russell 2000 indices.
Each security has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $1,453,000. An automatic early redemption on February 8, 2027 pays $1,300 per security if, on the first determination date, all three indices are at or above their call threshold levels, set at 100% of their initial levels.
If not redeemed early and all final index levels exceed their initial levels, investors receive principal plus an upside payment equal to 150% of the gain of the worst-performing index. If any index finishes below its downside threshold level of 70% of its initial level, repayment is reduced 1% for every 1% decline in the worst-performing index and can fall to zero.
The estimated value on the pricing date is $965.40 per security, below the $1,000 issue price, reflecting issuance, structuring and hedging costs and the issuer’s internal funding rate. The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and may have limited secondary market liquidity.
Morgan Stanley Finance LLC is offering $1,952,000 of Contingent Income Memory Auto-Callable Securities linked to Alphabet Inc. Class A common stock, fully and unconditionally guaranteed by Morgan Stanley, at $1,000 per security.
The notes pay a contingent coupon at an annual rate of 11.80%, but only when Alphabet’s closing level is at or above the $236.60 coupon barrier (70% of the $338.00 initial level) on scheduled observation dates, with missed coupons potentially paid later if the barrier is met. The notes may be automatically redeemed if Alphabet closes at or above the $338.00 call threshold (100% of the initial level) on any redemption determination date.
At maturity, if not called and Alphabet’s final level is at or above the $236.60 downside threshold, investors receive principal plus any due coupons; otherwise, repayment is reduced 1% for each 1% decline in Alphabet from the initial level, and the investment can be lost entirely. The estimated value on the pricing date is $973.30 per $1,000 security, reflecting issuance, structuring and hedging costs and Morgan Stanley’s internal funding rate.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Enhanced Trigger Jump Securities linked to the worst performer among three ETFs: VanEck Semiconductor (SMH), State Street Financial Select Sector (XLF) and State Street Utilities Select Sector (XLU).
The notes have a stated principal amount of $1,000 per security, an aggregate principal amount of $1,035,000, and mature on February 4, 2031. They pay no interest and do not guarantee principal. At maturity, holders can receive upside based on the worst-performing ETF if it stays at or above its 90% “upside threshold” level, a return of principal only if the worst ETF stays between 70% and 90% of its initial level, and a 1-for-1 loss with no minimum if the worst ETF finishes below 70%.
The issue price is $1,000 per security, while the estimated value on the pricing date is $942.90 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, will not be listed on an exchange, and may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC priced a $109,000 aggregate principal issuance of Principal at Risk auto-callable structured notes, $1,000 per security, fully and unconditionally guaranteed by Morgan Stanley. The notes reference the Dow Jones Industrial Average and the Nasdaq-100 Index, mature on February 4, 2030, and may auto‑redeem on specified determination dates beginning February 2, 2027.
The securities pay no interest and expose investors to principal loss based on the worst performing underlier; downside thresholds are 70% of initial levels (INDU initial 48,892.47, NDX initial 25,552.39). Early redemption payments are fixed amounts ($1,097.50; $1,195.00; $1,292.50) and the payment at maturity can be $1,390.00, $1,000, or the stated principal multiplied by the performance factor of the worst performing underlier. Issue price was $1,000 with estimated value $961.20 on the pricing date.
Morgan Stanley Finance LLC is offering $708,000 aggregate principal amount of structured, principal-at-risk, auto-callable securities due February 4, 2030.
The notes are linked to the worst performing of the Dow Jones Industrial Average and the Nasdaq-100 Index®, carry a stated principal amount of $1,000 per security and an estimated value on the pricing date of $980.80. The securities can be automatically redeemed beginning on the first determination date February 2, 2027 for fixed early redemption payments that correspond to approximately 11.65% per annum, and pay at maturity either a fixed positive amount ($1,466 if both underliers meet call thresholds), the stated principal, or a reduced payment tied to the worst performing underlier if that underlier falls below its downside threshold level (70 of initial level).