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 issuing principal-at-risk “Jump Securities” due December 23, 2027, linked to the worst performer of the Nasdaq-100® Technology Sector Index and the Invesco QQQ Trust. Each security has a $1,000 stated principal amount, with an aggregate principal of $1,396,000, and an estimated value on the pricing date of $967.10 per security.
The notes feature an automatic early redemption on December 30, 2026 if, on the first determination date, both underliers close at or above 100% of their initial levels (12,763.18 for the NDXT Index and $617.05 for QQQ). In that case, investors receive a fixed $1,138.50 per security and no further payments. If not called, the maturity payment depends on the worst-performing underlier: full principal plus 100% of upside if both finish above initial levels; principal only if both stay at or above 70% of initial levels; and a linear loss of 1% of principal for each 1% decline of the worst underlier below its downside threshold, potentially reducing the payment to zero.
All payments are unsecured and subject to Morgan Stanley’s credit risk. The securities pay no interest, are not FDIC insured, and will not be listed on any securities exchange, so secondary market liquidity may be limited.
Morgan Stanley Finance LLC is issuing Contingent Income Auto-Callable Securities due December 22, 2028, linked to the common stock of Apple Inc., in an aggregate principal amount of $2,889,000. Each $1,000 security can pay a contingent quarterly coupon at an annual rate of 10.06% (about $25.15 per quarter) for any determination date when Apple’s adjusted closing price is at or above the downside threshold of $218.936, which is 80% of the initial share price of $273.67.
The notes are automatically redeemed at par plus the coupon if Apple’s price is at or above the initial share price on any of the first eleven quarterly determination dates. If not called, and the final share price is at or above the downside threshold, holders receive par plus the final coupon; if it is below the threshold, repayment is reduced 1-to-1 with Apple’s decline and can fall to zero, meaning total loss of principal is possible. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, will not be listed on an exchange, and had an estimated value on the pricing date of $973.20 per $1,000 security.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $100,000 of Contingent Income Buffered Auto-Callable Securities due December 22, 2028, linked to the worst performer of the S&P 500 Index and the Russell 2000 Index. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of $978.30.
The notes pay a contingent coupon at 8.25% per year, but only if on each observation date both indices are at or above their coupon barrier levels, set at 85% of their initial levels. The securities may be automatically redeemed on scheduled determination dates if both indices are at or above their call thresholds, equal to 100% of initial levels, returning principal plus the applicable coupon.
If not redeemed early and at maturity either index finishes below its 15% buffer, investors lose 1% of principal for each 1% decline of the worst-performing index beyond that buffer, subject to a minimum payment of 15% of principal. The notes are unsecured, subject to Morgan Stanley’s credit risk, and are not listed on any exchange.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing principal-at-risk Contingent Income Memory Auto-Callable Securities due December 22, 2028, linked to the worst performer of the S&P 500® Index, Russell 2000® Index and Nasdaq-100® Technology Sector IndexSM. The securities have a stated principal amount of $1,000 per security, issue price of $1,000 and aggregate principal amount of $2,733,000, with an estimated value on the pricing date of $989.10 per security.
Investors may receive a contingent coupon at an annual rate of 9.50% on each coupon payment date, but only if on the related observation date the closing level of each index is at or above its coupon barrier level set at 80% of its initial level. Starting December 21, 2026, the notes will be automatically redeemed if on any redemption determination date all indices are at or above 100% of their initial levels, paying principal plus the current and any previously unpaid coupons.
If the notes are not called and, on the final observation date, each index is at or above its downside threshold (60% of its initial level), investors receive principal plus any due coupons. If any index finishes below its downside threshold, repayment of principal is reduced 1% for each 1% decline of the worst-performing index, and the payment at maturity could be zero. The securities are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, may have limited secondary liquidity and involve complex risk and tax considerations, including potential 30% U.S. withholding on coupons for certain non-U.S. holders.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering callable contingent income buffered securities linked to the worst performer of the Dow Jones Industrial Average and the Technology Select Sector SPDR Fund. Each security has a $1,000 stated principal amount, with a total offering size of $548,000.
The notes can pay a contingent coupon at an annual rate of 6.25%, but only if on each observation date both underliers close at or above their coupon barrier levels, set at 80% of their initial levels. A 25% buffer applies at maturity: if the final level of each underlier is at or above 75% of its initial level, investors receive principal back (plus any final coupon). If either underlier finishes below its buffer level, repayment is reduced in line with the decline of the worst performer beyond the buffer, subject to a minimum of 25% of principal.
The notes are callable in whole from June 25, 2026, based on a risk neutral valuation model that favors redemption when it is economically rational for the issuer, and they will not be listed on any exchange. The estimated value on the pricing date is $968.10 per security, below the issue price, reflecting embedded costs and internal funding assumptions. Investors face principal risk, the possibility of receiving no coupons over the life of the notes, issuer credit risk and limited liquidity.
Morgan Stanley Finance LLC is issuing structured “Jump Securities with Auto-Callable Feature” due December 22, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and issue price, with an aggregate principal amount of $498,000.
The notes are linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index. Investors can receive automatic early redemption payments starting at $1,126 per security in December 2026, rising over time to $1,315 in June 2028, if on a determination date all three indexes are at or above their call threshold levels (100% of initial levels). If held to maturity and all underliers are at or above their call thresholds, the payment is $1,378 per security.
If any index finishes below its downside threshold (70% of initial level) at maturity and the notes have not been called, investors lose 1% of principal for each 1% decline of the worst-performing index, potentially losing their entire investment. The estimated value on the pricing date is $984.70 per security, reflecting issuing, selling, structuring and hedging costs, and all payments depend on Morgan Stanley’s credit.
Morgan Stanley Finance LLC is offering structured “Buffered Step-Down Jump Securities with Auto-Callable Feature” linked to the worst performer of the S&P 500® Index, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index, with a stated principal amount of $1,000 per security and an aggregate principal of $1,610,000. The notes do not pay interest and are fully and unconditionally guaranteed by Morgan Stanley.
The securities can be automatically redeemed quarterly from December 2026 onward if each index is at or above its call threshold, paying an early redemption amount that targets about 10.30% per annum, with scheduled call payments ranging from $1,103.00 to $1,300.42 per $1,000. If held to December 2028 and all final index levels are at or above their upside thresholds, investors receive $1,309.00; if they are between the buffer and upside thresholds, only principal is returned; below the 10% buffer, principal is reduced 1% for each 1% additional decline in the worst-performing index, subject to a minimum payment of 10% of principal.
The initial index levels are 6,721.43 for the S&P 500, 12,343.87 for the Nasdaq-100 Technology Sector Index and 2,492.295 for the Russell 2000. The estimated value on the pricing date is $956.70 per security, reflecting structuring and hedging costs and the issuer’s internal funding rate, and all payments depend on Morgan Stanley’s creditworthiness.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk market-linked securities tied to the lowest performer among Dollar General, Altria and Philip Morris, maturing on January 5, 2029. Each security has a $1,000 face amount, with a current estimated value of about $911.90 due to built-in issuing, selling, structuring and hedging costs.
The notes may be automatically called on January 7, 2027 if every stock is at or above 105% of its starting price, paying at least $1,450 per security, after which no more payments are made. If not called, at maturity investors get 150% of the positive return of the lowest-performing stock, or up to a 45% positive return if that stock has declined but remains above 55% of its starting price. If any stock ends below its 55% threshold, repayment is reduced one-for-one with the loss on the worst stock, and investors can lose more than 45%, including their entire principal.
The securities pay no interest, do not provide dividends, are not listed, and all payments depend on Morgan Stanley’s credit. Agents, including Wells Fargo Securities, may receive up to $25.75 per security in commissions.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $1,500,000 of Digital S&P 500® Index-Linked Notes due March 3, 2033. The notes pay no interest and are principal-at-risk securities linked to the S&P 500® Index.
At maturity, for each $1,000 note, investors receive a fixed $1,598.50 (159.85% of face amount) if the index is at or above 85% of its initial level of 6,800.26. If the index has fallen more than 15%, the payoff equals $1,000 plus $1,000 times the index return, leading to losses greater than 15% and potentially a total loss of principal.
The notes are unsecured obligations of MSFL, guaranteed by Morgan Stanley, not insured by any government agency, and will not be listed on any exchange. The original issue price is $1,000 per note, while the estimated value on the trade date is $917.60, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s internal funding rate.
Morgan Stanley Finance LLC is issuing $4,310,000 of Step Down Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index, S&P 500® Index and EURO STOXX 50® Index, maturing on December 19, 2030 and fully and unconditionally guaranteed by Morgan Stanley. Each Security has a $10 issue price and offers a potential Call Return Rate of 9.50% per annum, paid only if all three indices are at or above their Initial Underlying Values on one of sixteen quarterly observation dates (beginning after one year), or at or above their Downside Thresholds on the Final Observation Date.
The Downside Thresholds are set at 75% of the Initial Underlying Values (RTY 1,889.478; SPX 5,100.20; SX5E 4,288.37). If the notes are not called and at least one index finishes below its Downside Threshold, repayment of principal is reduced 1‑for‑1 with the negative return of the Least Performing Underlying, and investors can lose their entire investment. The Securities pay no interest, do not participate in index appreciation, and will not be listed on any exchange. The estimated value on the trade date is $9.562 per Security, below the $10 issue price, reflecting distribution, structuring and hedging costs. All payments are subject to Morgan Stanley’s credit risk.