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 $1,000 Step-Up Jump Notes with an auto-call feature linked to the BlackRock Adaptive U.S. Equity 5% Index, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no periodic interest and return at least the stated principal at maturity if not called, with 100% participation in any index gain above the initial level.
The notes can be automatically redeemed starting January 27, 2027 if the index closes at or above preset call thresholds, paying at least $1,095 on the first call date and stepping up to at least $1,570 on the last call date. Morgan Stanley estimates the value on the pricing date at approximately $940.80 per $1,000 note due to embedded costs and its internal funding rate. Key risks include lack of interest, early redemption risk, limited liquidity, issuer credit risk, and the complex, fee-reduced BAUSE5X index, which has a short live track record and daily deductions that can weigh on performance.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Dual Directional Trigger PLUS notes due February 4, 2030, linked to the worst performer of the Nasdaq‑100 Technology Sector Index and the Russell 2000 Index. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if both indices finish above their initial levels, holders receive $1,000 plus a leveraged gain based on a leverage factor between 140% and 155%. If the worst index has fallen but remains at or above 70% of its initial level, investors receive a positive “absolute return” up to a 15% gain, using a 50% participation rate on the index’s percentage decline. If either index closes below 70% of its initial level, principal is reduced 1% for each 1% decline in the worst performer, with no minimum repayment, so the entire investment can be lost.
The estimated value on the pricing date is approximately $956.80 per $1,000 security, reflecting embedded issuance, structuring and hedging costs and an internal funding rate. The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on an exchange and may have limited or no secondary market. The filing also highlights complex U.S. tax treatment and sector‑specific risks tied to technology and small‑cap stocks.
Morgan Stanley Finance LLC is offering Trigger Performance Leveraged Upside Securities (Trigger PLUS) due January 30, 2031, linked to the worst performing of the Dow Jones Industrial Average and the S&P 500 Index. Each security has a stated principal amount and issue price of $1,000 and is fully and unconditionally guaranteed by Morgan Stanley, but principal is at risk and the notes pay no interest.
At maturity, if both indexes finish above their initial levels, investors receive $1,000 plus a leveraged upside payment based on the worst performer, using a leverage factor between 121% and 131%. If at least one index is at or below its initial level but both stay at or above 70% of their initial levels (the downside thresholds), investors receive only the $1,000 principal. If either index closes below its downside threshold, the payoff is reduced 1% for every 1% decline of the worst performer, which can result in a total loss of principal.
The estimated value on the pricing date is about $940.60 per security, reflecting issuing, selling, structuring and hedging costs and the issuer’s internal funding rate. The securities are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and secondary trading, if any, may be limited and at prices below the issue price.
Morgan Stanley Finance LLC is offering market-linked notes due February 4, 2030, based on the worst performance of the Dow Jones Industrial Average and the Nasdaq-100 Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest and returns at least principal at maturity.
At maturity, if the final level of each index is above its initial level, investors receive $1,000 plus 100% of the worst-performing index’s gain, capped at a maximum payment of $1,420 to $1,470 per note, to be set on the pricing date. If either index is at or below its initial level, investors receive only $1,000.
The indicative estimated value on the pricing date is approximately $971.20 per note, reflecting issuance, structuring and hedging costs and an internal funding rate. Key risks include no interest, capped upside, reliance on one observation date, full exposure to Morgan Stanley credit risk, potential illiquidity, tax treatment as contingent payment debt instruments and conflicts of interest as affiliates act as calculation agent, distributor and hedger.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes due January 30, 2031, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount, pays no interest and is fully and unconditionally guaranteed by Morgan Stanley, with principal at risk.
At maturity, if the index is above its initial level, holders receive $1,000 plus a leveraged upside payment based on a leverage factor of 146% to 161%. If the index is at or below the initial level but at or above 60% of it, investors receive $1,000 plus a positive return equal to the absolute index decline times a 50% participation rate, effectively capped at a 20% gain. If the index is below 60% of the initial level, investors lose 1% of principal for every 1% index decline, potentially losing their entire investment.
The notes are unsecured, not listed on any exchange and may have limited secondary liquidity. The estimated value on the pricing date is approximately $930.20 per security, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s internal funding rate.
Morgan Stanley Finance LLC is offering principal-at-risk “Jump Securities” with an auto-callable feature, fully guaranteed by Morgan Stanley, in an aggregate principal amount of $497,000 at $1,000 per security. The notes run to December 24, 2030 and are linked to the worst performer of the VanEck® Semiconductor ETF (SMH) and the Consumer Staples Select Sector SPDR® Fund (XLP).
The securities can be automatically redeemed on scheduled determination dates starting December 22, 2026 if both ETFs are at or above their call thresholds (SMH $356.23, XLP $78.78), paying fixed amounts that target about 13.00% per annum, from $1,130 up to $1,617.50 per $1,000. If held to maturity and both final levels meet the call thresholds, investors receive $1,650 per security.
If at maturity at least one ETF is below its call threshold but both are at or above the downside thresholds (SMH $213.738, XLP $47.268), investors only receive principal back. If either ETF finishes below its downside threshold, the payoff is reduced 1% for every 1% decline of the worst performer, and the maturity payment can fall to zero. The notes pay no interest, are unsecured, not listed on any exchange, and carry Morgan Stanley credit risk. The estimated value on the pricing date is $918.10 per $1,000 note, reflecting embedded fees and issuer funding assumptions.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing $4,558,000 of Buffered Jump Securities with an auto-call feature due September 22, 2028. Each $1,000 note is linked to the worst performing of the VanEck Gold Miners ETF (GDX) and SPDR S&P Metals & Mining ETF (XME) and pays no interest.
The notes may be automatically redeemed quarterly from June 22, 2026, with early redemption payments starting at $1,042.50 and stepping up to $1,226.667 per security, corresponding to about 8.50% per annum, if both ETFs are at or above 90% of their initial levels. If held to maturity and both ETFs are at or above their call thresholds, investors receive $1,233.75 per security; if both are at or above their 85% buffer levels but below call thresholds, only principal is returned. Below the buffer, losses match the decline of the worst ETF beyond 15%, with a minimum payment of 15% of principal.
The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange and have an estimated value of $940.20 per $1,000 on the pricing date. Selling dealers receive a $32.50 commission per note.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing contingent income auto-callable securities maturing on December 24, 2030, linked to the worst performer among NVIDIA, Block, Palantir and Chipotle shares. Each security has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $2,050,000, and an estimated value on the pricing date of $950.50.
Investors may receive a 20.00% per annum contingent coupon, paid only if on each observation date all underliers are at or above their coupon barrier levels, set at 60% of initial levels. The notes are auto-callable from December 21, 2026 if all underliers are at or above their call thresholds (100% of initial levels), in which case investors receive principal plus the applicable coupon.
If not called, and at maturity all underliers are at or above their downside thresholds (60% of initial levels) or any underlier is at or above its initial level, investors receive principal (plus any final coupon). Otherwise, repayment is reduced 1% for each 1% decline of the worst-performing underlier, and the payment can fall to zero. The securities are unsecured, not listed, and subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering 3-year autocallable notes linked to the Russell 2000® Index with principal at risk. Each $10 Security can be automatically called on annual Observation Dates starting in December 2026 if the index closes at or above the Initial Level, paying back principal plus a fixed Call Return based on an 11.65% per annum Call Return Rate (for example, $11.165 after one year, $12.33 after two, $13.495 at maturity).
If the notes are not called and the Final Level is below the Initial Level, repayment at maturity is reduced 1:1 with the index decline using $10 × (1 + Underlying Return), and investors can lose some or all of their principal. The notes pay no interest, do not participate in index gains beyond the fixed Call Returns, and will not be listed on an exchange, so secondary liquidity may be limited. All payments depend on Morgan Stanley’s credit, and the estimated value on the Trade Date is approximately $9.707 per $10, reflecting issuing, selling, structuring and hedging costs.
Morgan Stanley Finance LLC is offering $651,000 of Dual Directional Trigger PLUS notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and is priced at $1,000, with estimated value on the pricing date of $965.60 per security.
The notes pay no interest and do not guarantee return of principal. At maturity, investors gain 170% of any index increase. If the index is down but not below 60% of its initial level of 556.90 (a downside threshold of 334.14), investors receive up to a 20% positive return via a 50% “absolute return” feature. If the index ends below the threshold, repayment is reduced 1% for each 1% decline, and the entire investment can be lost.
The securities are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on any exchange and may have limited secondary liquidity. MS & Co. acts as agent, retaining $7.50 per security with additional possible structuring fees to selected dealers, and expects to sell to an unaffiliated dealer at $992.50 per security.