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 structured notes linked to Salesforce, Inc. common stock. These auto-callable securities, due March 4, 2027, pay a contingent coupon at 12.00% per annum only when the stock closes on each observation date at or above a barrier set at 71% of the initial level, with a “memory” feature that can catch up missed coupons.
The notes are automatically redeemed on February 1, 2027 if the stock is at or above 100% of the initial level on January 27, 2027, returning principal plus the applicable coupon and any unpaid coupons. If not called, investors receive principal at maturity only if the final stock level is at or above the same 71% downside threshold; otherwise, they lose 1% of principal for each 1% decline, up to a total loss. The securities are unsecured, not listed on any exchange, and carry Morgan Stanley credit risk. The estimated value on the pricing date is approximately $982.10 per $1,000 security.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering leveraged buffered notes linked to the S&P 500® Index. These principal-at-risk securities pay no interest and return at maturity depends entirely on index performance from trade date to determination date, expected in about 16–19 months.
For each $1,000 note, investors get 150% of any positive index return, but gains are capped by a maximum settlement amount expected between $1,163.65 and $1,192.00. A 7.50% downside buffer protects against moderate declines: if the index falls by up to 7.50%, investors receive $1,000 back. Below that buffer, losses accelerate, using a buffer rate of approximately 108.11%, and investors could lose all principal.
The estimated value on the trade date is approximately $985.00 per note, 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.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Capped Buffer GEARS linked to the iShares Russell 2500 ETF. Each Security has a $10 issue price, a term of about two years to February 1, 2028, and provides 2.00x leveraged upside on positive ETF performance at maturity, limited by a Maximum Gain expected between 19.00% and 22.05%.
If the ETF ends between 0% and 10% below its initial level, investors receive their $10 principal at maturity due to a 10% downside buffer. If the ETF falls more than 10%, maturity repayment is reduced 1% for each 1% drop beyond the buffer, with losses up to 90% of principal. The notes pay no interest or dividends, are unsecured and unsubordinated, and depend entirely on Morgan Stanley’s credit.
The Securities are not listed, may have limited secondary liquidity, and the estimated value on the trade date is about $9.434 per $10 issue price, reflecting embedded fees and an internal funding rate. The filing highlights extensive market, liquidity, credit and U.S. tax risks, including potential “constructive ownership” and other complex tax treatments.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Dual Directional Buffered Jump Securities tied to the S&P 500® Index, maturing on January 28, 2030. Each note has a $1,000 principal amount and pays no interest.
If the index on the observation date is at or above its initial level, investors receive $1,281 per security, a fixed 28.10% gain. If the index is below the initial level but at or above 80% of it, investors earn a positive return equal to the absolute index decline times a 300% participation rate, effectively capped at a 60% gain. If the index closes below 80% of the initial level, investors lose 1% of principal for each 1% drop beyond that buffer, with a minimum payoff of 20% of principal.
The estimated value on the pricing date is about $980.50 per note, reflecting issuance and hedging costs. 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. U.S. tax treatment is uncertain and is expected to follow a prepaid financial contract approach, subject to confirmation at pricing.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk contingent income “memory” auto-callable securities linked to Delta Air Lines, Inc. common stock, maturing on February 1, 2029. Each $1,000 security pays a contingent coupon at an annual rate of at least 10.00%, but only if Delta’s closing share price on an observation date is at or above a coupon barrier set at 55% of the initial level; missed coupons can be paid later if the barrier is met on a future date.
The notes may be automatically redeemed starting with the July 28, 2026 redemption determination date if Delta’s share price is at or above 100% of the initial level, returning principal plus the current and any unpaid coupons. If not called, and at maturity Delta is at or above the 55% downside threshold, investors receive full principal; if below, repayment is reduced 1% for every 1% decline, and the amount received could be zero. The estimated value on the pricing date is approximately $958.60 per $1,000 security, the notes are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and feature complex, uncertain tax treatment.
Morgan Stanley Finance LLC is offering principal-at-risk callable contingent income securities maturing in January 2029, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 note can pay a 10.50% per annum contingent coupon, but only if on each observation date the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index are all at or above their respective coupon barrier levels.
Beginning in October 2026, the notes may be redeemed early in whole at the issuer’s option if a risk-neutral valuation model indicates it is economically rational for Morgan Stanley, in which case investors receive principal plus any due coupon and no further payments. If the notes are not redeemed and, at maturity, any index finishes below its downside threshold (set at 70% of its initial level), repayment is reduced one-for-one with the worst-performing index and can fall to zero. The estimated value on the pricing date is expected to be about $976.30 per $1,000 note, reflecting embedded costs and an internal funding rate.
Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully guaranteed by Morgan Stanley. Each $1,000 note can pay a contingent coupon at an annual rate of 8.75% to 9.75%, but only if on each observation date all three indices are at or above 80% of their initial levels; otherwise no coupon is paid for that period.
The notes may be automatically redeemed on scheduled dates if all indices are at or above 100% of their initial levels, in which case investors receive $1,000 plus the applicable coupon and no further payments. If not redeemed early, and at maturity any index finishes below 75% of its initial level, repayment is reduced in full proportion to the worst-performing index and can fall to zero, so principal is not protected. The estimated value on the pricing date is approximately $956.60 per $1,000 note, reflecting issuing, selling, structuring and hedging costs, and investors face Morgan Stanley credit risk, limited liquidity and complex, uncertain U.S. tax treatment.
Morgan Stanley Finance LLC is offering Enhanced Buffered Jump Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay no interest and mature on January 27, 2033, in $1,000 denominations.
At maturity, if the S&P 500® final level is at or above 90% of its initial level, investors receive $1,000 plus a fixed upside payment of $651 per security, a 65.10% return regardless of how far the index has risen. If the final level falls more than 10% below the initial level, principal is reduced 1% for each 1% decline beyond that buffer, with a minimum payment of 10% of principal.
The preliminary estimated value on the pricing date is approximately $960.60 per $1,000 security, reflecting issuing, selling, structuring and hedging costs and the issuer’s internal funding rate. The securities are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC is offering Dual Directional Buffered Jump Securities linked to the S&P 500® Index, maturing on January 26, 2029. Each note has a $1,000 stated principal amount, pays no interest and is fully and unconditionally guaranteed by Morgan Stanley.
At maturity, if the index finishes at or above its initial level, investors receive $1,000 plus a fixed $180 upside payment, an 18% maximum gain. If the index is below the initial level but at or above 80% of it, investors get $1,000 plus a positive return equal to the index’s percentage decline multiplied by a 325% absolute return participation rate, effectively capped at a 65% gain. Below the 80% buffer, principal is reduced 1% for each 1% additional decline, subject to a minimum payment of 20% of principal.
The estimated value on the pricing date is approximately $982.80 per note, reflecting issuing, selling, structuring and hedging costs and an internal funding rate. The securities are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC is offering Trigger PLUS structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Morgan Stanley. The $1,000-denomination securities pay no interest and do not guarantee a return of principal.
At maturity in July 2034, investors receive $1,000 plus a leveraged upside payment if the index finishes above its initial level, using a 275.50% leverage factor. If the final level is at or below the initial level but at or above the downside threshold of 60% of the initial level, investors receive only the $1,000 principal. If the final level falls below the downside threshold, repayment is reduced 1% for each 1% index decline, with no minimum payment, so the entire investment can be lost.
The estimated value on the pricing date is approximately $960.60 per $1,000 note, reflecting issuance, structuring and hedging costs and an internal funding rate. The notes are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and secondary liquidity may be limited.