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 offering $865,000 of Buffered Jump Securities linked to the Nasdaq-100 Index®. These unsecured, principal-at-risk notes pay no interest and may be automatically called on December 18, 2026 if the index on the first determination date is at or above the 25,776.44 call threshold, in which case investors receive $1,097.50 per $1,000 and no further payments.
If not called, the notes mature on December 14, 2028. At maturity, investors receive $1,000 plus 165% of any index gain if the index finishes above 25,776.44, only $1,000 if the index is between 87.50% and 100% of that level, and a reduced amount if it falls below the buffer level, with a minimum payment of 12.50% of principal. The estimated value on the pricing date is $983.30 per note, below the $1,000 issue price, and secondary market liquidity and pricing may be limited. All payments depend on Morgan Stanley’s credit and the notes are not FDIC insured.
Morgan Stanley Finance LLC is offering Enhanced Buffered Jump Securities, a type of principal-at-risk structured note, due January 15, 2027. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an aggregate principal amount of $755,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes pay no interest and are linked to the worst performing of Apple, Microsoft and NVIDIA common stocks. If, on the observation date of January 12, 2027, the final level of each stock is at or above 80% of its initial level, investors receive their $1,000 principal plus a fixed upside payment of $192.50, a 19.25% return. If any stock finishes below its 80% buffer level, maturity payment is reduced 1% for each 1% decline of the worst performer beyond the 20% buffer, but not below a minimum payment of 20% of principal.
The securities are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and may have limited or no secondary market. The issuer’s estimated value on the pricing date is $966.80 per security, reflecting embedded issuance, structuring and hedging costs.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $4.305 million of Contingent Income Auto-Callable Securities due December 16, 2027 linked to the iShares Bitcoin Trust ETF (IBIT). Each note has a $1,000 stated principal amount and an issue price of $1,000, but the estimated value on the pricing date is $965.50, reflecting embedded fees and hedging costs.
The notes pay a contingent quarterly coupon at 18.39% per year (about $45.975 per quarter per $1,000) only if IBIT’s “determination closing price” is at or above the downside threshold of $38.40, which is 75% of the initial share price of $51.20, on the relevant observation date. Missed coupons can be paid later if the threshold is met, but may never be received.
The notes are auto-callable quarterly from March 12, 2026: if IBIT is at or above the initial share price on a redemption determination date, investors receive principal plus the current and any unpaid coupons and the notes terminate. If not called and at maturity IBIT is below the downside threshold, repayment of principal is reduced 1-for-1 with IBIT’s decline, and the payment can be zero. Investors face full principal risk, no upside participation, bitcoin and ETF-specific risks, Morgan Stanley credit risk, and limited liquidity, and the securities will not be listed on any exchange.
Morgan Stanley Finance LLC is offering $3.79 million of Contingent Income Auto-Callable Securities due December 15, 2028, linked to Citigroup Inc. common stock and fully guaranteed by Morgan Stanley. Each $1,000 security can pay a contingent quarterly coupon at a 10.81% annual rate when Citigroup’s stock is at or above 70% of the $111.80 initial share price. The notes can be automatically called on any of the first eleven quarterly determination dates if the stock is at or above the initial price, returning principal plus that period’s coupon. If held to maturity and the final share price is at or above the 70% downside threshold, investors receive principal plus the last coupon; if it is below that level, repayment is reduced one-for-one with the stock’s decline and can fall to zero, meaning full loss of principal. The estimated value on the pricing date is $973.60 per $1,000 note, reflecting embedded costs, and the securities will not be listed on any exchange.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing Buffered Jump Securities linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with an aggregate principal amount of $2,267,000 and a price of $1,000 per security. The notes pay no interest and are automatically callable from December 15, 2026 if the index is at or above the call threshold of 1,019.961 (90% of the initial level 1,133.29), with step‑up early redemption payments starting at $1,121.50 and rising to $1,597.375 per security.
If not called, and the final index level on December 12, 2030 is at or above the call threshold, investors receive $1,607.50 per security. If the final level is between the buffer level of 963.297 (85% of initial) and the call threshold, investors receive only principal. Below the buffer, principal is reduced 1% for each 1% decline beyond the 15% buffer, with a minimum payment of 15% of principal. The securities are unsecured, unlisted, subject to Morgan Stanley’s credit risk, carry selling commissions of $42.50 per security, and have an estimated value on the pricing date of $905.50.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering contingent income auto-callable securities due December 24, 2030 with a stated principal amount of $1,000 per security. The notes are unsecured, principal-at-risk securities linked to the worst-performing of four stocks: NVIDIA, Block, Palantir Technologies and Chipotle Mexican Grill.
Investors may receive a 20.00% per annum contingent coupon, paid on scheduled coupon dates only if on each observation date every stock closes at or above its coupon barrier, set at 60% of its initial level. Starting with the December 21, 2026 redemption determination date, the notes are automatically redeemed at par plus the coupon if each stock is at or above its call threshold of 100% of its initial level.
If the notes are not redeemed early, principal is repaid at maturity if each stock finishes at or above its downside threshold (60% of initial) or any stock is at or above its initial level. Otherwise, investors lose 1% of principal for each 1% decline in the worst-performing stock, potentially losing their entire investment. The estimated value on the pricing date is about $949.10 per $1,000 note, the securities will not be listed on an exchange, all payments depend on Morgan Stanley’s credit, and the tax treatment, especially for non-U.S. holders, is described as uncertain.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk structured notes linked to the worst performer of the EURO STOXX 50® and S&P 500® indices. Each $1,000 security can pay a contingent coupon at 8.50% per year, but only if on each observation date both indices are at or above 80% of their initial levels; missed coupons may be paid later if this condition is later met.
The notes are auto-callable: if on any redemption determination date both indices are at or above 100% of their initial levels, investors receive the $1,000 principal plus the applicable contingent coupon and any previously unpaid coupons, and the notes terminate early. If the notes are not redeemed early, maturity repayment depends on index performance. If on the final observation date both indices are at or above 80% of their initial levels, investors receive $1,000 plus any due coupons; otherwise, principal is reduced 1% for each 1% decline in the worst-performing index, which can result in a full loss.
The preliminary estimated value on the pricing date is approximately $974.70 per $1,000, reflecting dealer compensation, structuring and hedging costs and an internal funding rate advantageous to the issuer. The notes are unsecured obligations subject to Morgan Stanley’s credit risk, will not be listed on an exchange, and any secondary market making by Morgan Stanley & Co. LLC may be limited and at prices below the issue price.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $3,008,000 of Trigger Autocallable Contingent Yield Notes linked to the least performing of the S&P 500, Russell 2000 and EURO STOXX 50 indices, maturing on December 15, 2028. The notes pay a quarterly contingent coupon at a 9.50% per annum rate (about $0.2375 per $10 note) only if on each Observation Date all three indices are at or above their Coupon Barriers, set at 75% of their Initial Underlying Values. Starting March 12, 2026, the notes are automatically called if all three indices are at or above their initial levels, returning principal plus that period’s coupon.
If the notes are not called and, at final observation, any index is below its Downside Threshold (also 75% of its initial level), repayment is reduced 1-to-1 with the decline of the worst-performing index, and investors can lose most or all of principal. The issue price is $10 per note, while the estimated value on the trade date is $9.657, reflecting structuring and hedging costs and an internal funding rate. The securities are unsecured, unsubordinated obligations, not listed on any exchange, and carry full issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering $9,102,190 of Trigger Autocallable Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. Each unsecured, $10 note has a 5-year term, is fully and unconditionally guaranteed by Morgan Stanley, and pays no interest.
Starting about one year after issuance, the notes are automatically called on any quarterly Observation Date if both indices close at or above their Initial Underlying Values (2,551.457 for the Russell 2000 and 6,827.41 for the S&P 500). If called, investors receive $10 plus a fixed Call Return based on a 10.10% per annum Call Return Rate, rising over time up to 50.500% ($15.0500 per $10 note) if called at maturity.
If never called and at least one index finishes below its Downside Threshold (2,041.166 for the Russell 2000 and 5,461.93 for the S&P 500, each 80% of its initial level), repayment is $10 × (1 + the Underlying Return of the Least Performing Underlying), which can mean a substantial or total loss of principal. Investors do not participate in any upside of the indices. The estimated value on the trade date is $9.661 per $10 note, after a $0.25 per-note sales commission.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $9,494,000 of 5‑year Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq‑100 Index® and the EURO STOXX 50® Index. Each note has a $10 issue price and offers a contingent coupon at a 7.75% per annum rate, paid quarterly only if both indexes close at or above their coupon barriers, set at 70% of their initial levels (17,637.71 for the Nasdaq‑100 and 4,004.50 for the EURO STOXX 50).
Beginning June 12, 2026, the notes are automatically called if both indexes are at or above their initial values, returning principal plus the applicable coupon, with no further payments. If not called, and on the final observation date in 2030 both indexes are at or above their downside thresholds (the same 70% levels), investors receive full principal back plus the final coupon. If either index finishes below its downside threshold, repayment is reduced one‑for‑one with the loss of the worst index, and investors can lose all principal.
The securities are unsecured, subject to Morgan Stanley’s credit risk, will not be listed on any exchange, and have an estimated value of $9.70 per $10 note, reflecting structuring and distribution costs borne by investors.