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 Buffered Performance Leveraged Upside Securities (Buffered PLUS) due January 22, 2030, fully and unconditionally guaranteed by Morgan Stanley and linked to the worst performer of the S&P 500® Equal Weight Index and the S&P 500® Index. The notes pay no interest and are issued at $1,000 per security, with an estimated value on the pricing date of approximately $982.20 per security.
At maturity, if both indexes finish above their initial levels, investors receive principal plus 122% of the worst index’s gain. If the worst index finishes up to 20% below its initial level (at or above its 80% buffer level), investors receive only principal back. If the worst index falls more than 20%, principal is reduced 1% for each 1% drop beyond the buffer, subject to a minimum payment of 20% of principal.
The notes are unsecured and subject to the credit risk of Morgan Stanley and MSFL, will not be listed on any exchange, and may have limited or no secondary market. The issuer’s internal funding rate and embedded structuring and hedging costs make the economic terms less favorable than a conventional bond, and investors face complex tax treatment characterized as prepaid financial contracts, which may change with future IRS or legislative action.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk structured notes linked to the S&P 500 Index, with a lookback feature and an automatic early redemption provision.
Each security has a $1,000 stated principal amount and may be automatically redeemed on March 12, 2027 for $1,098.50 per security if the index on March 9, 2027 is at or above the call threshold, set at 100% of the initial level. If not redeemed, the notes mature on March 14, 2028. At maturity, holders receive the principal plus 150% of any index gain, principal only if the index is at or above 80% of the initial level, or a proportionally reduced amount if it falls below that level, exposing investors to the full downside of the index.
The initial level is the lowest S&P 500 closing level from January 9 to January 30, 2026, capped at 6,966.28. The estimated value on the pricing date is approximately $978.20 per security, reflecting issuance, structuring and hedging costs, and all payments depend on Morgan Stanley’s creditworthiness.
Morgan Stanley Finance LLC is offering callable buffered jump securities linked to the S&P 500® Futures Excess Return Index, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and exposes investors to issuer credit risk.
The notes are callable in whole starting on February 9, 2027, with fixed redemption payments that target roughly 18.50% per annum, rising over 48 scheduled redemption dates through January 3, 2031. If not redeemed and the index ends above its initial level, investors receive principal plus a 200% participation in the index gain. If the final level is between 85% and 100% of the initial level, only principal is returned; below 85%, losses match the index decline beyond the 15% buffer, subject to a minimum payment at maturity of 15% of principal.
The preliminary estimated value on the pricing date is approximately $947.10 per $1,000 security, reflecting embedded fees and an internal funding rate advantageous to the issuer. The notes are unsecured, not FDIC insured, will not be listed on any exchange, and may have limited or no secondary market liquidity.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Trigger Callable Contingent Yield Notes linked to the worst performer among the S&P 500, Russell 2000 and EURO STOXX 50. Each note has a $10 principal amount and offers a contingent coupon at a rate of at least 10.55% per annum, paid quarterly only if all three indices stay at or above 70% of their initial level (the Coupon Barrier) on every index business day in the quarter.
The notes are callable quarterly starting April 21, 2026 if a risk‑neutral valuation model shows it is economically rational for the issuer to redeem. If not called and, at maturity on April 19, 2029, any index is below its 60% Downside Threshold, repayment is reduced in line with the worst index’s loss, down to zero. Investors do not participate in any index upside, face full issuer credit risk, and the notes will not be listed on any exchange.
Morgan Stanley is issuing three types of senior unsecured Global Medium‑Term Notes, Series I: floating rate notes due 2030, fixed/floating rate notes due 2030 and fixed/floating rate notes due 2032. All are U.S. dollar notes, issued in registered form in minimum denominations of $1,000.
The notes pay interest linked to SOFR, using a daily compounding formula with an added spread, and the 2030 and 2032 tranches start with a fixed-rate period before switching to floating. Morgan Stanley can redeem each tranche early at defined dates, either via a make‑whole call or at 100% of principal plus accrued interest. Sales in the EEA and UK are limited to qualified investors, with an explicit prohibition on retail investors in those regions.
Morgan Stanley is preparing to issue Global Medium-Term Notes, Series F, Fixed Rate Reset Subordinated Notes due January 2041. These notes pay a fixed interest rate from the January 2026 settlement date until January 2036, then reset once to the five-year Constant Maturity Treasury rate plus a spread for the remaining term.
The notes are deeply subordinated, ranking below all senior indebtedness and potentially to U.S. government claims in a resolution. As of September 30, 2025, they would have been subordinated to approximately $309.98 billion of senior long‑term borrowings and to about $14.75 billion of existing subordinated long‑term borrowings. Investors have limited acceleration rights, mainly in bankruptcy events.
Morgan Stanley can redeem the notes at a make‑whole price from January 2031 to January 2036, at par on January 2036, and at par in whole or in part on or after July 2040, in each case plus accrued interest and subject to Federal Reserve capital rules. The notes are targeted to qualified institutional investors in the EEA and UK and are not intended for retail investors. They are unsecured, not bank deposits, and not insured by the FDIC or any government agency.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering market-linked, principal-at-risk securities tied to the lowest performing of Bank of America, Citigroup and JPMorgan Chase common stocks, maturing on February 1, 2029. Each security has a $1,000 face amount, with an estimated value on the pricing date of about $957.30 due to embedded issuing, selling, structuring and hedging costs.
The notes are auto-callable monthly starting February 3, 2027 if each stock closes at or above its starting price, paying at least $1,210 on the first observation and up to at least $1,630 on the final calculation day (minimum call premiums from 21% to 63%). If never called, holders receive $1,000 at maturity only if every stock ends at or above its 70% downside threshold; otherwise the payoff is $1,000 multiplied by the performance of the worst stock, so investors can lose more than 30% and possibly all principal.
The securities pay no interest or dividends, are not listed, and all payments depend on Morgan Stanley’s credit. Wells Fargo Securities acts as agent, with total selling compensation of up to $25.75 per $1,000 security.
Morgan Stanley filed a current report to note that it has released financial information for its quarter and year ended December 31, 2025. The company issued a press release and a detailed Financial Data Supplement, which are attached as Exhibits 99.1 and 99.2, and form part of this report.
The bank also prepared an investor presentation, filed as Exhibit 99.3, to accompany an investor conference call discussing these results. The materials include forward-looking statements, and the company highlights that actual outcomes may differ due to various risks and uncertainties described in its prior annual and quarterly reports.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes linked to the iShares Silver Trust, maturing on May 5, 2027. Each note has a $1,000 denomination, pays no interest and is fully guaranteed by Morgan Stanley, with principal at risk.
At maturity, investors get $1,000 plus 200% of any price gain in the trust, capped at a maximum payment of $1,620 per note. If the trust falls by up to 20%, investors still receive a positive return equal to the absolute decline, up to a 20% gain. If it falls by more than 20%, repayment is reduced one-for-one with the loss in the trust and can fall to zero.
The notes will not be listed on an exchange and all payments depend on Morgan Stanley’s credit. The estimated value on the pricing date is approximately $943.60 per note, reflecting dealer commissions, a $17.50 sales commission, a $5 structuring fee and hedging and issuance costs that reduce investor economics versus the $1,000 issue price.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Contingent Income Memory Buffered Securities due January 26, 2029, linked to the worst performer of the S&P 500 Index, Nasdaq-100 Index and Russell 2000 Index. Each $1,000 security pays a contingent coupon at an annual rate of 6.25% only if, on each observation date, all three indices close at or above 75% of their initial levels; missed coupons can be paid later if the barrier is again met.
At maturity, investors receive full principal only if each index is at or above its 75% buffer level. If any index finishes below this buffer, the payoff is reduced 1% for each 1% decline of the worst index beyond the 25% buffer, with a minimum payment of 25% of principal. Investors do not participate in index gains, face credit risk of Morgan Stanley and MSFL, limited liquidity because the notes are not exchange-listed, an estimated pricing-date value of about $982.50 per $1,000, and complex, uncertain tax treatment, including potential withholding for non-U.S. holders.