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 offering Dual Directional Buffered PLUS notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $993,000, and pays no interest.
At maturity on January 26, 2029, if the worst performing index is above its initial level, investors receive principal plus 110% of its gain. If the worst performer is at or below its initial level but at or above 82% of its initial level (an 18% buffer), investors receive principal plus a positive return matching the absolute decline, effectively capped at an 18% gain. Below the buffer, investors lose 1% of principal for each 1% additional decline, subject to a minimum payment of 18% of principal.
The initial levels are 2,669.162 for the Russell 2000 and 6,915.61 for the S&P 500, with corresponding buffer levels at approximately 82% of those values. The estimated value on the pricing date is $981.40 per security, reflecting issuing, selling, structuring and hedging costs. The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and secondary trading, if any, may be limited.
Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities tied to the lowest performer of Costco, Home Depot and TJX common stocks, maturing on January 26, 2029 and fully guaranteed by Morgan Stanley.
Each security has a $1,000 face amount, an initial estimated value of $959.80 and pays no interest. The notes are auto-callable on January 28, 2027 for a cash payment of $1,326 per $1,000 (about 32.60% return) if every stock is at or above its starting price on the call date. If not called, investors get 150% of the gain of the lowest-performing stock at maturity, full principal back if that stock is down no more than 20%, and up to an 80% loss if it falls more than 20% from its starting level.
Key terms include a 150% participation rate, a 20% downside buffer, and starting prices of $983.25 for Costco, $383.77 for Home Depot and $153.24 for TJX. The total offering size is $2,247,000 at $1,000 per security, with up to $25.75 in selling commissions per note. The securities are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and may trade at prices below the issue price due to embedded fees and market factors.
Morgan Stanley Finance LLC is offering $4,516,000 of market-linked securities tied to NVIDIA stock, each with a $1,000 face amount and an estimated initial value of $960.40. The notes mature on July 28, 2027 and are fully and unconditionally guaranteed by Morgan Stanley.
At maturity, investors receive $1,365 per note (a 36.50% fixed gain) if NVIDIA’s ending price is at or above the $187.67 starting price. If NVIDIA ends below the starting price but at or above the $121.9855 threshold (65% of start), investors receive the $1,000 face amount. If NVIDIA closes below the threshold, repayment is reduced 1-for-1 with the stock’s loss, exposing investors to losses greater than 35% and potentially a total loss of principal.
The securities pay no interest and do not provide dividends or voting rights in NVIDIA. They embed issuance, selling, structuring and hedging costs, so the estimated value is below face, and secondary market prices may be lower than $1,000. All payments depend on Morgan Stanley’s credit, and the notes will not be listed on any exchange, so liquidity may be limited.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $5,418,000 of $1,000 face-value market-linked securities tied to the lowest-performing of Alphabet Class A, Broadcom and Amazon common stock, maturing January 26, 2029.
The notes are auto-callable on January 28, 2027 for a fixed cash payment of $1,285.50 per $1,000 (about 28.55% total return) if each stock is at or above its call price. If not called, at maturity investors get: 150% of the gain of the lowest-performing stock if it finishes above its starting price; full principal back if the lowest-performing stock is between 80% and 100% of its starting price; or a loss beyond a 20% buffer, with up to 80% of principal at risk.
The securities pay no interest, forgo dividends, are not exchange-listed, and all payments depend on Morgan Stanley’s credit. The issuer’s estimated value on the pricing date is $937.40 per $1,000 note, reflecting issuance, structuring and hedging costs and an internal funding rate that is favorable to the issuer.
Morgan Stanley Finance LLC is offering $1,000 principal-at-risk Dual Directional Trigger Jump Securities due February 4, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and all payments depend on Morgan Stanley’s credit.
Returns are tied to the worst performer of the S&P 500 Futures Excess Return Index and the Russell 2000 Index. If both finish at or above their initial levels, investors receive $1,000 plus the greater of index gains on the worst underlier or a fixed $622 upside payment (62.20%). If the worst index is down but no more than 30% (stays at or above 70% of its initial level), investors get a positive return matching the percentage decline, capped at a 30% gain.
If either index ends below its 70% downside threshold, principal falls 1% for each 1% decline in the worst index, with no minimum repayment; an 85% drop would leave investors with $150. The preliminary estimated value on the pricing date is approximately $972.90 per $1,000 note, reflecting issuance, structuring and hedging costs and Morgan Stanley’s internal funding rate.
Morgan Stanley Finance LLC is issuing $1,857,000 of three-year principal-at-risk structured notes linked to the worst performer of Broadcom, Alphabet (Class C) and Meta (Class A). Each $1,000 security is issued at par, with estimated value on the pricing date of $945.70.
Investors may receive a contingent coupon at an annual rate of 18.65%, but only when all three stocks close at or above their coupon barrier levels, set at 60% of their initial prices. The notes are auto-callable quarterly from July 23, 2026 if every underlier is at or above 100% of its initial level, returning principal plus the applicable coupon.
At maturity in January 2029, if the notes have not been called and each stock finishes at or above its 60% downside threshold, investors receive full principal back, plus any final coupon if payable. If any stock ends below its threshold, repayment is reduced 1% for each 1% loss in the worst performer, and principal can be completely lost. Payments depend on Morgan Stanley’s credit, and the securities will not be listed on an exchange.
Morgan Stanley Finance LLC is offering callable contingent income buffered securities linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. Each note has a $1,000 stated principal amount, with an aggregate principal of $5,003,000, and matures on October 28, 2027.
The notes pay a contingent coupon at an annual rate of 7.90% only if, on each observation date, every index is at or above its coupon barrier level set at 70% of its initial level. Principal repayment is protected only down to a 20% buffer; if the worst-performing index finishes below 80% of its initial level, investors lose 1% of principal for each 1% decline beyond that buffer, with a minimum payment of 20% of principal.
The securities are callable in whole, but not in part, on specified redemption dates starting April 28, 2026, if a risk-neutral valuation model indicates it is economically rational for the issuer to redeem. The estimated value on the pricing date is $982.80 per security versus a $1,000 issue price, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is issuing principal-at-risk "Jump Securities" linked to the worst performer of three State Street sector ETFs: Energy (XLE), Industrials (XLI) and Utilities (XLU). Each note has a $1,000 stated principal amount and the total offering size is $728,000.
The notes may auto-call on January 26, 2027 if each ETF is at or above its initial level, paying an early redemption amount of $1,490 per security. If not called, at maturity on January 26, 2029 investors receive principal plus 150% of the gain of the worst performer if all three finish above their initial levels.
If any ETF ends at or below its initial level but all remain at or above 80% of initial, principal is merely returned. If any closes below its 80% downside threshold, repayment is reduced 1% for each 1% decline of the worst performer and can fall to zero. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, not listed on an exchange, and carry valuation, liquidity, credit, sector concentration and tax-uncertainty risks. The estimated value on the pricing date is $968.50 per security, below the $1,000 issue price.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk contingent income auto-callable securities linked to the worst performer of the Dow Jones Industrial, Russell 2000® and S&P 500® Index. Each security has a stated principal amount and issue price of $1,000.
Investors may receive a contingent coupon at an annual rate of 6.70%, but only when all three indices are at or above their coupon barrier levels (75% of initial levels) on scheduled observation dates. The notes can be automatically redeemed from February 2027 onward if all indices are at or above their call thresholds (100% of initial levels), paying principal plus the coupon for that period.
If the notes are not called and, on the final observation date, each index is at or above its downside threshold (70% of initial level), investors receive principal back plus any final coupon. If any index finishes below its downside threshold, repayment is reduced 1% for each 1% decline of the worst index, potentially to zero. The estimated value on the pricing date is approximately $948.30 per $1,000 security, reflecting issuance, structuring and hedging costs and an internal funding rate.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities due February 4, 2031, linked to the worst performer of the S&P 500® Futures Excess Return Index and the Russell 2000® Index. Each security has a $1,000 stated principal amount, pays no interest and is fully and unconditionally guaranteed by Morgan Stanley.
At maturity, if the final level of each index is at or above 70% of its initial level, investors receive $1,000 plus the greater of index-based upside or a fixed $483 upside payment, a 48.30% gain. If either index finishes below 70% of its initial level, repayment is reduced 1% for every 1% decline in the worst-performing index, with no minimum payment; investors can lose their entire investment.
The estimated value on the pricing date is approximately $973 per security, reflecting issuance, structuring and hedging costs and an internal funding rate that is advantageous to the issuer. The notes are unsecured, not listed on an exchange, subject to Morgan Stanley’s credit risk and may have limited or no secondary market liquidity.