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 fixed rate callable notes due January 9, 2034. Each note has a stated principal amount and issue price of $1,000, pays a fixed annual interest rate of 4.450%, and pays interest semi-annually on the 9th of January and July, beginning July 9, 2026.
The issuer may redeem the notes early, in whole but not in part, on semi-annual redemption dates starting January 9, 2030 at 100% of principal plus accrued interest if a risk neutral valuation model indicates it is economically rational for the issuer. The notes are unsecured, subject to the credit risk of Morgan Stanley and MSFL, will not be listed on any securities exchange, and may trade at prices below the issue price due to fees, internal funding rates, interest rate changes, and credit spread movements.
Morgan Stanley Finance LLC is offering $271,000 of Contingent Income Auto-Callable Securities linked to the VanEck Gold Miners ETF. Each $1,000 note pays a 20.00% annual contingent coupon only when the ETF’s closing level is at or above $67.88 on the specified observation dates.
The notes may be automatically redeemed starting with the March 16, 2026 redemption determination date if the ETF closes at or above $84.85, returning the stated principal amount plus the contingent coupon for that period. If not called and, at the December 18, 2026 maturity, the ETF is at or above $67.88, investors receive full principal; if it is below that downside threshold, repayment is reduced in proportion to the ETF’s decline and can fall to zero.
All payments are subject to Morgan Stanley’s credit risk, the securities are not listed on any securities exchange or insured, and investors do not participate in any upside of the ETF. The estimated value on the pricing date is $966 per security, below the $1,000 issue price, due to offering, structuring and hedging costs and the internal funding rate.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $12,800,000 of Nasdaq‑100 Index®‑linked digital notes due March 25, 2027. The notes pay no interest and are unsecured, principal-at-risk obligations.
At maturity, for each $1,000 note, investors receive a fixed $1,103 (110.30% of face) if the Nasdaq‑100 final level is at least 85% of its initial level of 25,067.27. If the index has fallen by more than 15%, repayment is reduced using a buffer rate of about 117.65%, so losses accelerate below the 85% threshold and can reach a full loss of principal.
The maximum gain is therefore capped at 10.3% even if the index rises sharply, while downside beyond a 15% drop is only partially cushioned. The issue price is $1,000 per note, with an estimated value on the trade date of $983, reflecting structuring and hedging costs and Morgan Stanley’s internal funding rate. Underwriting commissions total 1.28% of face, and the notes will not be listed on any exchange, so liquidity will depend on Morgan Stanley & Co.’s secondary market making, if any.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk structured notes linked to the worst performer of the iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX), maturing on December 28, 2028. Each $1,000 note may pay an 11.00% annual contingent coupon, but only when both underliers close at or above a set coupon barrier (60% of their initial levels) on scheduled observation dates.
The notes can be auto-called beginning June 22, 2026 if both SLV and GDX are at or above 95% of their initial levels, in which case holders receive principal plus that period’s coupon and no further payments. If held to maturity and both final levels are at or above their downside thresholds (also 60% of initial), investors receive full principal plus any final coupon. If either finishes below its downside threshold, repayment is reduced 1% for each 1% decline of the worst underlier, potentially to zero.
The estimated value on the pricing date is about $930 per $1,000 note. The notes are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and involve additional commodity, ETF, liquidity and U.S. tax uncertainties described in detail.
Morgan Stanley Finance LLC is offering principal-at-risk structured notes linked to the worst performer of Lowe’s, Pfizer and Target common stocks. Each security has a $1,000 stated principal amount and pays a contingent “memory” coupon at an annual rate of 9.10%, but only when all three stocks close at or above their coupon barrier levels on the relevant observation date; missed coupons can be paid later if conditions are met.
The notes may auto-call starting June 22, 2026 if each stock is at or above its call threshold (100% of its initial level), returning principal plus the current and any previously unpaid coupons. If not called, at maturity in December 2030 investors receive principal back only if each stock is at or above its downside threshold (50% of its initial level; otherwise they lose 1% of principal for each 1% decline in the worst-performing stock, up to total loss. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, with an estimated value on the pricing date of about $925.20 per $1,000.
Morgan Stanley Finance LLC is offering buffered participation securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000, pays no interest and exposes investors to principal at risk. At maturity in June 2027, holders receive their principal plus 100% of any index gain, capped at a maximum payment of $1,173.50 per security. If the index is flat or down but not below 85% of the initial level, investors receive only their principal. If the index closes below the 85% buffer level, repayment is reduced dollar-for-dollar with further index declines, but not below 15% of principal. The indicative estimated value on the pricing date is approximately $990 per security, reflecting issuing, selling, structuring and hedging costs, and all payments depend on Morgan Stanley’s credit.
Morgan Stanley Finance LLC is offering Enhanced Trigger Jump Securities, a type of principal-at-risk structured note, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, matures on December 29, 2026, and pays no interest.
The return depends on the worst performing of the S&P 500 Index, Nasdaq-100 Technology Sector Index and Russell 2000 Index. If, on the observation date of December 23, 2026, the final level of each index is at or above 68% of its initial level, investors receive $1,000 plus a fixed $90 upside payment, a 9% gain. If any index closes below its downside threshold, investors lose 1% of principal for each 1% decline of the worst index, with no minimum repayment.
The securities are unsecured obligations subject to Morgan Stanley’s credit risk, are not listed on any exchange, and may have limited secondary market liquidity. The estimated value on the pricing date is expected to be approximately $981.80 per security, reflecting issuance, structuring and hedging costs borne by investors.
Morgan Stanley is offering fixed rate senior notes due December 16, 2033 with an aggregate principal amount of $1,267,000. Each note has a stated principal amount and issue price of $1,000 and pays interest at a fixed annual rate of 4.350%, with semi-annual payments on June 16 and December 16, starting June 16, 2026.
The notes are unsecured and all payments depend on Morgan Stanley’s credit; if the firm defaults, investors could lose some or all of their investment. The notes will not be listed on any securities exchange, so secondary market liquidity may be limited. The estimated value on the pricing date is $974.50 per note, below the issue price, reflecting issuing, selling, structuring and hedging costs and an internal funding rate that is advantageous to the issuer. The issuer will use the proceeds for general corporate purposes, and dealers typically receive a $12 sales commission per note, except for fee-based advisory accounts priced at $988 per note.
Morgan Stanley Finance LLC is offering principal-at-risk “Jump Securities” with an auto-callable feature, linked to the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index. Each security has a stated principal amount and issue price of $1,000, with an estimated value on the pricing date of approximately $981.20 per security.
The notes can be automatically redeemed on scheduled determination dates starting in December 2026 if all three indexes are at or above their call threshold levels, for fixed cash payments that rise over time (from $1,126 up to $1,315 per security). If the notes are not called, and on the final determination date in December 2028 each index is at or above its call threshold, investors receive $1,378 per security. If any index finishes below its call threshold but all are at or above 70% of their initial levels, investors receive only the $1,000 principal.
If at maturity any index is below 70% of its initial level, repayment is reduced 1% for each 1% decline of the worst-performing index, which can result in a significantly reduced payment or a total loss of the initial investment. The securities pay no interest, do not participate in any index gains and are unsecured obligations fully and unconditionally guaranteed by Morgan Stanley, exposing holders to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering market-linked notes due December 27, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and pays no interest.
At maturity, investors receive $1,000 per note plus an upside payment if the S&P 500® Futures Excess Return Index final level is above its initial level. The upside payment equals the principal amount multiplied by a 101.50% participation rate times the index percent increase. If the final level is equal to or below the initial level, investors receive only the $1,000 principal.
The notes are unsecured obligations subject to the issuer’s and guarantor’s credit risk. The estimated value on the pricing date is approximately $942 per note, reflecting issuance, selling, structuring and hedging costs and the use of an internal funding rate that is advantageous to the issuer. The notes will not be listed on any securities exchange, and secondary market liquidity may be limited.