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, guaranteed by Morgan Stanley, is offering principal-at-risk Trigger Autocallable Notes linked to the State Street® Energy Select Sector SPDR® ETF. Each Security has a $10 issue price, a term of about three years and pays no interest or dividends.
Beginning January 25, 2027, on quarterly Observation Dates, if the ETF’s closing price is at or above the Initial Price, the notes are automatically called and pay $10 plus a fixed Call Return based on an annual Call Return Rate of 11.10% to 12.10% per annum, reaching about 33.30% to 36.30% by the final Observation Date. Investors do not participate in any further appreciation of the ETF.
If the notes are not called and the Final Price is below the Initial Price but at or above the Downside Threshold of 65% of the Initial Price, investors receive only the $10 principal. If the Final Price is below the Downside Threshold, repayment is $10 × (1 + Underlying Return), exposing investors to the ETF’s full decline and potentially a total loss. The estimated value on the Trade Date is approximately $9.683 per Security, reflecting embedded costs and Morgan Stanley’s internal funding rate. The notes are unsecured, subject to Morgan Stanley’s credit risk and are not listed, so secondary liquidity may be limited.
Morgan Stanley Finance LLC is offering $1,900,000 of callable contingent income securities due January 12, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 note pays a 10.90% annual contingent coupon, but only if on each observation date the closing level of all four underliers—the Utilities Select Sector SPDR ETF, iShares 20+ Year Treasury Bond ETF, Nasdaq-100 Technology Sector Index and Russell 2000 Index—is at or above its coupon barrier of 70% of the initial level.
If the notes are not previously redeemed and, at maturity, every underlier is at or above its downside threshold of 60% of its initial level, investors receive the $1,000 principal plus any final coupon. If any underlier finishes below its downside threshold, repayment is reduced in full proportion to the worst performer and can fall to zero, meaning a total loss of principal. The issuer may call the notes on scheduled redemption dates based on a risk-neutral valuation model, and the estimated value at pricing is $956 per note, below the $1,000 issue price, reflecting structuring and hedging costs and an internal funding rate. The securities are unsecured, not listed on any exchange and carry both issuer credit risk and significant market, sector, interest rate, small-cap and tax risks.
Morgan Stanley Finance LLC is offering structured "Buffered Participation Securities" linked to the worst performer of the Russell 2000 Index and the S&P MidCap 400 Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and matures on July 21, 2027.
At maturity, if both indexes finish above their initial levels, investors receive principal plus 100% of the gain of the worst performing index. If the worst index is at or below its initial level but at or above 85% of its initial level, investors receive only principal. If the worst index closes below 85% of its initial level, investors lose 1% of principal for each 1% decline beyond the 15% buffer, with a minimum payment of 15% of principal.
The securities are unsecured and subject to Morgan Stanley’s credit risk, will not be listed on an exchange and may have limited liquidity. The estimated value on the pricing date is approximately $989.50 per $1,000 security, reflecting issuing, selling, structuring and hedging costs and an internal funding rate. The product also carries market, small- and mid-cap equity, tax and conflict-of-interest risks highlighted in the risk disclosures.
Morgan Stanley Finance LLC is offering $9,211,000 of Digital S&P 500® Index-Linked Notes due March 9, 2027, fully and unconditionally guaranteed by Morgan Stanley. These unsecured notes pay no interest and return at maturity depends entirely on the S&P 500® Index level on the March 5, 2027 determination date.
For each $1,000 note, if the index is at or above 90% of its initial level of 6,921.46, investors receive a fixed maximum settlement amount of $1,087.40, or 108.74% of face value. If the index has fallen by more than 10%, repayment drops in line with the decline (using a buffer rate of approximately 111.11%), and investors can lose some or all of their principal. The estimated value on the trade date is $983.20 per note, reflecting issuance, structuring and hedging costs borne by investors, and the notes will not be listed on any securities exchange.
Morgan Stanley Finance LLC is offering market-linked notes due April 21, 2027, fully and unconditionally guaranteed by Morgan Stanley, tied to the S&P 500® Futures Excess Return Index. Each note has a $1,000 stated principal amount, pays no interest, and is issued at $1,000 with an estimated value on the pricing date of approximately $986.90. At maturity, if the index level on the observation date is above its initial level, holders receive $1,000 plus 100% of the index gain, capped at a maximum payment of $1,075 per note. If the final index level is equal to or below the initial level, investors receive only the $1,000 principal.
The notes are unsecured obligations of MSFL, subject to the credit risk of MSFL and Morgan Stanley, will not be listed on any exchange and may have limited secondary liquidity. Investors forgo dividends, current income and any equity upside above the 7.5% cap in exchange for principal repayment at maturity and potential capped appreciation based on S&P 500 futures performance.
Morgan Stanley Finance LLC is offering principal-at-risk Callable Contingent Income Memory Securities due January 18, 2029, linked to the Class A common stock of Robinhood Markets, Inc. These notes can pay a contingent coupon at an annual rate of 18.30%, but only if the stock closes at or above a barrier set at 50% of the initial level on each observation date. Missed coupons may be "remembered" and paid later if the barrier is met.
Beginning July 16, 2026, the issuer may redeem the notes early on specified dates if a risk‑neutral valuation model indicates it is economically rational for Morgan Stanley, not based directly on stock performance. At maturity, if not redeemed and Robinhood’s stock is at or above the downside threshold (also 50% of the initial level), investors receive full principal plus any due coupons. If the final level is below the threshold, repayment is reduced 1% for each 1% decline in the stock, down to possible total loss. All payments depend on Morgan Stanley’s credit, and the notes will not be listed on an exchange.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Buffered PLUS notes maturing on January 22, 2031, linked to the S&P 500® Futures Excess Return Index. Each $1,000 note pays no interest and provides 155% leveraged upside if the index finishes above its initial level on the observation date.
If the final index level is at or below the initial level but at or above 80% of it, investors receive only the $1,000 principal. Below the 80% buffer, principal is reduced 1% for each additional 1% decline, with a minimum payment of 20% of principal. The notes are unsecured, subject to Morgan Stanley’s credit risk, not listed on an exchange, and their estimated value on the pricing date is approximately $935.90 per $1,000 note, reflecting embedded costs and an internal funding rate.
Morgan Stanley Finance LLC is offering principal-at-risk structured notes linked to the worst performer of the State Street® Utilities Select Sector SPDR® ETF and the S&P 500® Index. The notes can be automatically called on scheduled determination dates if both references are at or above specified call thresholds, paying step-up early redemption amounts that correspond to about 9.42% per annum, such as $1,094.20 to $1,259.05 per $1,000 security.
If the notes are not called and on the observation date both references are at or above 90% of their initial levels, investors receive $1,282.60 per $1,000. If at least one is below 90% but both are at or above 70%, only the $1,000 principal is repaid. If either falls below 70%, repayment is reduced 1% for every 1% decline in the worst performer, and the payoff can be zero.
The estimated value on the pricing date is approximately $970.50 per security, reflecting issuance, selling, structuring and hedging costs. The notes are unsecured obligations of MSFL, guaranteed by Morgan Stanley, will not be listed on an exchange, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley is offering unsecured fixed rate notes due January 29, 2036, with interest payments tied to its credit risk. Each note has a stated principal amount and issue price of $1,000, pays a fixed 4.500% annual interest rate on a semi-annual basis, and returns principal plus accrued interest at maturity.
The notes are not insured, not listed on any exchange, and secondary trading may be limited, with any market-making by Morgan Stanley & Co. at its discretion. Because issuance, selling, structuring and hedging costs are built into the $1,000 issue price, the estimated value on the pricing date is expected to be approximately $968.40 per note. Proceeds are for general corporate purposes, and affiliated dealers receive sales commissions, creating conflicts of interest highlighted in the risk factors.
Morgan Stanley is offering unsecured fixed rate notes due January 27, 2034. Each note has a stated principal amount and issue price of $1,000 and pays a fixed annual interest rate of 4.350%, with interest paid semi-annually on January 27 and July 27, starting July 27, 2026.
All payments depend on Morgan Stanley’s credit; if the firm fails to meet its obligations, investors could lose some or all of their money. The notes will not be listed on any exchange, and Morgan Stanley & Co. may make a secondary market but is not required to do so. The estimated value on the pricing date is expected to be about $976.50 per note, reflecting issuance, selling, structuring and hedging costs and the firm’s internal funding rate, which makes the investor economics less favorable than a plain-vanilla bond.