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 principal-at-risk structured notes, called Step-Down Jump Securities with Auto-Callable Feature, linked to the worst performer of the SPDR® S&P 500® ETF Trust (SPY) and the State Street® Consumer Staples Select Sector SPDR® ETF (XLP). Each security has a $1,000 stated principal amount and issue price, with an estimated value of approximately $971.30 per security on the pricing date.
The notes can be automatically redeemed on scheduled determination dates if the closing level of each ETF is at or above its call threshold. Early redemption pays fixed amounts rising over time, corresponding to about 9.60% per annum, after which no further payments are made. If held to maturity and not called, investors receive $1,288 per security if each ETF finishes at or above 90% of its initial level, only principal back if both stay at or above 70% but one falls below 90%, and a loss of 1% of principal for each 1% decline in the worst ETF below 70%, potentially losing the entire investment.
The notes pay no interest, do not participate in ETF upside beyond the fixed payouts, will not be listed on any exchange, and all payments depend on the credit of Morgan Stanley Finance LLC and its guarantee by Morgan Stanley.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering digital notes linked to the S&P 500® Index that pay no interest and put principal at risk. The notes have a term expected between about 13 and 15 months, with payment at maturity based solely on the index level on the determination date.
If the S&P 500 final level is at least 85% of its initial level, investors receive a fixed maximum settlement amount expected between $1,066.90 and $1,078.50 per $1,000 face amount. If the index falls more than 15%, the payoff declines using a buffer rate of approximately 117.65%, and investors can lose up to 100% of principal. The estimated value on the trade date is about $981.70 per note, below the $1,000 issue price, reflecting issuing, selling, structuring and hedging costs and an internal funding rate advantageous to the issuer.
The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, are not listed, pay no dividends, are not FDIC insured and are subject to Morgan Stanley’s credit risk. Secondary market trading, if any, will be limited and may occur at prices significantly below the original issue price.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing $81,769,100 of Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing on October 25, 2028.
The notes pay a contingent coupon at a rate of 11.00% per annum, but only for quarters in which, on every Index Business Day, each index stays at or above its respective coupon barrier set at about 70% of its initial level. If any index closes below its barrier even once in a quarter, no coupon is paid for that entire period.
Beginning April 27, 2026, the notes are callable quarterly at the issuer’s option if a risk‑neutral valuation model shows it is economically rational to call. If called, investors receive principal plus the due coupon and the investment ends early.
If the notes are not called and, on the final valuation date, each index is at or above its downside threshold (about 60% of its initial level), investors receive full principal plus any final coupon. If any index is below its downside threshold, repayment is reduced in line with the percentage loss of the worst‑performing index, and investors can lose some or all of their principal. The notes are unsecured, subject to Morgan Stanley’s credit risk, not listed on an exchange, and may have limited or illiquid secondary trading.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Variable Income Memory Auto-Callable Notes linked to the worst performing of Bloom Energy, Robinhood Markets, Micron Technology and Marvell Technology shares. Each note has a $1,000 stated principal amount and is scheduled to mature on February 11, 2031, unless auto‑called earlier.
Investors receive a variable monthly coupon: a lower rate of 0.25% per annum if any stock is below its coupon barrier on an observation date, or a higher rate of 8.00% per annum if all are at or above their barriers, plus any unpaid 7.75% per annum conditional coupons. The notes are automatically redeemed if all stocks are at or above their call thresholds (100% of initial levels) on specified redemption determination dates, paying principal plus the higher coupon and any unpaid conditional coupons.
If never auto‑called, investors receive principal back at maturity plus the applicable final coupon, subject to Morgan Stanley’s credit risk. The notes are unsecured, will not be listed on an exchange, and have an estimated value on the pricing date of approximately $948.40 per note, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s internal funding rate. The issuer expects to treat the notes as contingent payment debt instruments for U.S. federal income tax purposes.
Morgan Stanley Finance LLC is offering $704,000 of Jump Notes with an auto-callable feature, in $1,000 denominations, fully guaranteed by Morgan Stanley. These five-year notes, maturing on January 24, 2031, are linked to the worst performer among the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index. If on January 22, 2027 all three indexes are at or above their initial levels, the notes are automatically redeemed early for $1,090 per note.
If the notes are not called and on the final determination date all three indexes finish above their initial levels, holders receive $1,000 plus 100% of the gain of the worst-performing index. If any index is at or below its initial level at maturity, investors receive only the $1,000 principal, so there is no downside below par but upside is limited and based on the lowest return of the three indexes. The notes are not listed on any exchange, carry Morgan Stanley credit risk, and have an estimated value of $976.90 per $1,000 at pricing, reflecting embedded fees and funding costs.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk “Jump Securities” with an auto-call feature maturing on February 1, 2029. Each note has a $1,000 stated principal amount and pays no periodic interest.
The notes are linked to the worst performer of the S&P 500 Index, Nasdaq‑100 Index and Russell 2000 Index. Starting with the first determination date on February 4, 2027, the notes are automatically redeemed if all three indices are at or above their call thresholds (100% of initial levels), for an increasing cash amount that targets about 11.20% per annum (from $1,112 on the first call date up to $1,308 on the last).
If not called, maturity payment is $1,336 per note (a fixed positive return) if all final index levels are at or above their call thresholds, only the $1,000 principal if each index is at or above its downside threshold (70% of initial levels), and otherwise a loss of 1% of principal for each 1% decline in the worst-performing index, potentially down to zero. The estimated value on the pricing date is expected to be about $958.50 per note, the notes will not be listed on any exchange, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Chief Financial Officer Sharon Yeshaya reported a sale of common stock in the company. On January 20, 2026, Yeshaya sold 15,838 shares of Morgan Stanley common stock in an open-market transaction, reported with code “S” for a sale. The weighted average sale price was $185.7669 per share, with individual trades executed between $185.67 and $185.98 per share.
After this transaction, Yeshaya beneficially owned 135,304.336 shares of Morgan Stanley common stock in direct ownership. The filing notes that detailed price and size information for each individual trade in the reported price range is available upon request from Morgan Stanley, its security holders, or the SEC staff.
Morgan Stanley Chief Risk Officer Charles A. Smith reported selling common stock in a recent insider transaction. On January 20, 2026, he sold 8,500 shares of Morgan Stanley common stock at a weighted average price of $182.0807 per share. The filing notes that these shares were sold in multiple trades at prices ranging from $182.0401 to $182.1301.
After this sale, Smith reported owning 119,127.619 shares of Morgan Stanley common stock directly. He also reported an indirect holding of 5,494.73 shares through a 401(k) plan. The filing states that detailed trade-by-trade pricing information is available upon request from Morgan Stanley, its security holders, or the SEC staff.
Morgan Stanley Co-President Andrew M. Saperstein reported multiple open-market sales of the company’s common stock on January 20, 2026. The Form 4 shows several separate transactions, each coded "S" for sale, with block sizes ranging from 500 shares to 11,430 shares at reported weighted average prices such as $181.8518, $182.6338, $184.1265, $184.9381, $185.9112, and $186.5960 per share. After these transactions, Saperstein directly beneficially owned 280,480.994 Morgan Stanley common shares.
For each block, the filing notes that the reported price is a weighted average of multiple trades, with actual execution prices ranging from $181.34 to $186.65. The reporting person undertakes to provide full trade-by-trade details within these ranges to Morgan Stanley, its security holders, or the SEC staff upon request.
Morgan Stanley Head of Technology & Operations Michael A. Pizzi reported a sale of Morgan Stanley common stock. On January 20, 2026, he sold 20,000 shares of common stock at a price of $184.55 per share, according to the Form 4 filing. After this transaction, he beneficially owned 127,872.293 shares of Morgan Stanley common stock, held in direct ownership. The filing reflects this as a non-derivative transaction coded as a sale and shows no derivative securities activity.