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 is issuing Enhanced Buffered Jump Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest and is scheduled to mature on February 9, 2028.
At maturity, if the S&P 500® final level is at or above the buffer level of 80% of the initial level, investors receive $1,000 plus a fixed upside payment of $105, a 10.50% return regardless of how much the index has risen. If the final level is below the buffer, principal is reduced 1% for each 1% index decline beyond the 20% buffer, subject to a minimum payment of 20% of principal. The securities are unsecured, subject to Morgan Stanley’s credit risk, have an aggregate principal amount of $625,000, and an estimated value on the pricing date of $992.20 per note, reflecting issuance, structuring and hedging costs borne by investors.
Morgan Stanley Finance LLC is issuing Enhanced Trigger Jump Securities due August 20, 2027, fully and unconditionally guaranteed by Morgan Stanley, linked to the performance of the SPDR® Gold Trust (GLD). Each security has a $1,000 stated principal amount, with an aggregate principal of $500,000, and pays no interest.
At maturity, if the final level of GLD is at or above the downside threshold level of $336.744 (90% of the $374.16 initial level), investors receive $1,000 plus a fixed upside payment of $124.60, a 12.46% return, regardless of how much GLD has risen. If the final level is below the threshold, repayment is reduced 1% for each 1% decline in GLD, with no minimum payment, so the principal can be entirely lost.
The estimated value on the pricing date is $983.00 per security, below the $1,000 issue price, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s funding spread. Agent commissions are up to $10 per $1,000, leaving proceeds of $990 per security to the issuer. The securities are unsecured obligations subject to the credit risk of MSFL and Morgan Stanley and may be illiquid, with secondary trading dependent largely on Morgan Stanley & Co. LLC. U.S. federal tax treatment is complex and may involve “prepaid financial contract” and “constructive ownership” considerations.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities due September 24, 2027, linked to the worst performer of the Dow Jones Industrial, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and pays no interest.
At maturity, if the final level of each underlier is at or above 75% of its initial level (its downside threshold), investors receive $1,095 per security, a fixed $95 upside payment (9.50% of principal). If any underlier finishes below its downside threshold, the payout equals $1,000 multiplied by the performance factor of the worst performing underlier, producing a 1% loss of principal for each 1% decline; repayment of principal is not guaranteed and the amount can be zero.
The estimated value on the pricing date is approximately $974.20 per security, reflecting issuance, selling, structuring and hedging costs borne by investors. The notes are unsecured obligations of MSFL, subject to the credit risk of both MSFL and Morgan Stanley, and may have limited or no secondary market liquidity. U.S. federal income tax treatment is uncertain, with counsel currently expecting treatment as prepaid financial contracts, subject to future confirmation and possible changes in law.
Morgan Stanley Finance LLC is offering Jump Securities with an auto-call feature linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Morgan Stanley. The notes are principal at risk, pay no interest, and are issued at $1,000 per security, with an aggregate principal amount of $2,395,000. The estimated value on the pricing date is $953.70 per security, reflecting issuance, selling, structuring and hedging costs borne by investors.
The notes may be automatically redeemed on August 11, 2027 for $1,132.50 per security if the index closes at or above the call threshold level of 616.74 on August 6, 2027. If not called, at maturity on August 8, 2031 investors receive upside participation of 170% of index appreciation above the initial level of 616.74, full principal back if the final level is between 60% and 100% of the initial level, and a 1% loss of principal for every 1% index decline below the downside threshold level of 370.044, potentially down to zero. All payments are subject to the credit risk of MSFL and Morgan Stanley, and the securities may be illiquid with uncertain tax treatment.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities, unsecured notes linked to the Class A common stock of Vertiv Holdings Co and fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and is scheduled to mature on February 23, 2028.
At maturity, if Vertiv’s closing stock price on the observation date is at or above the downside threshold level of 54.75% of the initial level, investors receive $1,000 plus a fixed upside payment of $400 per security, regardless of how much the stock has risen. If the final level is below the threshold, repayment is reduced 1% for each 1% decline in the stock from the initial level, with no minimum payment at maturity, so the entire principal can be lost. The original issue price is $1,000, while the estimated value on the pricing date is approximately $961.90 per security, reflecting issuing, selling, structuring and hedging costs. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities due October 5, 2027, linked to the worst performing of the Russell 2000 Index and the S&P 500 Index and fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and does not guarantee principal.
At maturity, if the final level of each index is at or above its downside threshold level (70% of its initial level), investors receive $1,000 plus a fixed upside payment of $95.60 (a 9.56% gain), regardless of how much the indices have risen. If either index finishes below its threshold, repayment is reduced 1% for every 1% decline of the worst performing index, with no minimum payment, so the investment can fall to zero.
The estimated value on the pricing date is approximately $987.60 per security, below the $1,000 issue price due to issuance, structuring and hedging costs. The notes are unsecured and subject to Morgan Stanley’s credit risk and may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC is offering principal at risk contingent income memory auto-callable securities, fully and unconditionally guaranteed by Morgan Stanley, linked to the EURO STOXX 50 Index and the S&P 500 Index. Each security has a stated principal amount and issue price of $1,000.
Investors may receive a contingent coupon at 9.16% per annum, but only if on each observation date both indexes are at or above their coupon barrier levels, set at 75% of initial levels (4,876.92 for EURO STOXX 50 and 5,782.47 for S&P 500). Missed coupons can be paid later if conditions are met, but may be lost entirely.
The notes are auto-callable on quarterly determination dates if both indexes are at or above 100% of their initial levels (6,502.56 and 7,709.96), returning principal plus applicable coupons. If not called, and at maturity either index is below its downside threshold (the same 75% levels), investors lose 1% of principal for each 1% decline of the worst-performing index, potentially losing their entire investment. The estimated value on the pricing date is approximately $985.20 per $1,000, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk Contingent Income Auto-Callable Securities due February 17, 2028, linked to the common stock of Western Digital Corporation. Each note has a $1,000 stated principal amount and pays a 34.00% per annum contingent coupon only when the underlier closes at or above a coupon barrier set at 50% of the initial level on specified observation dates.
The notes may be automatically redeemed quarterly starting February 16, 2027 if the underlier is at or above 100% of the initial level, in which case investors receive $1,000 plus the applicable coupon and no further payments. If held to maturity and the final level is at or above the 50% downside threshold, investors receive $1,000 plus any final coupon; if it is below, repayment is reduced in full proportion to the underlier’s decline and can be zero.
The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley. All payments are subject to Morgan Stanley’s credit risk. The estimated value on the pricing date is approximately $946.10 per security, below the $1,000 issue price, reflecting embedded costs and issuer funding economics, and secondary market liquidity may be limited.
Morgan Stanley Finance LLC is issuing Buffered PLUS notes due August 9, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and is linked to an equal-weighted basket of 10 stocks, including AMD, ASML, Broadcom, NVIDIA, TSM and SpaceX’s SPCX.
The notes pay no interest. At maturity, if the basket’s final level is above the initial level of 100, investors receive principal plus a leveraged upside payment of 110% of the basket’s gain, capped at a maximum payment of $2,000 per security. If the final level is between the 85 buffer level and the initial level, principal is returned. Below the buffer, investors lose 1% of principal for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal.
The aggregate principal amount is $4,064,000, and the estimated value on the pricing date is $894.30 per security, reflecting issuance, structuring and hedging costs. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley, and the securities may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC is offering Buffered Participation Securities due February 16, 2028, linked to the performance of the Invesco DB Agriculture Fund and fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and exposes investors to the credit risk of Morgan Stanley and MSFL.
At maturity, investors receive the $1,000 principal plus 100% of any fund appreciation, capped at a maximum payment of $1,189 per security (118.90%). A 10% buffer protects against moderate declines: if the fund’s final level is at or above 90% of its initial level, principal is returned. Below the buffer, investors lose 1% of principal for each 1% decline beyond 10%, subject to a minimum payment of 10% of principal. The estimated value on the pricing date is approximately $979.20 per security, reflecting issuance, structuring and hedging costs and the issuer’s funding rate.