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 principal-at-risk structured notes linked to the S&P MidCap 400 Index, due October 22, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and use averaging to set both the initial and final index values.
At maturity: above 109% of the initial average index value, holders receive $1,000 plus 1.92% for each 1.00% the index exceeds that upper strike, up to a maximum payment of $2,190.40 per Security. Between 96% and 109%, repayment is $1,000. Between 96% and 92%, losses are 2x the decline below the 96% lower strike. Below 92%, losses match the full decline from the initial average value, with no minimum payment.
The issue price is $1,000 per Security; estimated value on the pricing date is approximately $953. Per Security, the agent’s sales commission is $1.50 and a structuring fee is $1.00, resulting in $997.50 proceeds to the issuer. The notes will not be listed; MS & Co. may make a market but is not obligated to. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC filed a preliminary pricing supplement for Dual Directional Trigger PLUS, unsecured notes fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P 500 Futures Excess Return Index. The notes pay no interest, are principal at risk, and will not be listed.
Each security has a $1,000 stated principal amount and offers 164% leveraged upside on gains. If the index is flat to down but above the downside threshold, investors receive the absolute decline (capped at a positive return of 40%). If the final level falls below the downside threshold of 60% of the initial level on the observation date, investors lose 1% of principal per 1% index decline, up to total loss.
Key dates include strike/pricing on October 24, 2025, observation on October 24, 2031, and maturity on October 29, 2031. The estimated value on the pricing date is approximately $938.10 per security (within $40). Commissions are $32.50 per security, plus up to $9 structuring fee; proceeds to the issuer are $967.50 per security. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk Step-Down Jump Securities with an auto-call feature due October 28, 2030, linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a $1,000 stated principal and issue price.
The notes may redeem early if the index closes at or above the applicable call threshold on scheduled determination dates starting October 26, 2026, paying fixed amounts that step up from $1,160 to $1,760 per security, corresponding to approximately 16.00% per annum. If held to maturity and the final level is at or above the downside threshold (60% of the initial level), the payment is $1,800 per security. Otherwise, repayment declines 1% for every 1% index drop, and can be zero.
The preliminary estimated value on the pricing date is approximately $927.40 per security (within $40.00 of that estimate). The securities will not be listed, involve MS & Co. as agent, and all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due October 20, 2028, linked to Reddit, Inc. (Class A), fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a 27.10% annual contingent coupon, but only if the Reddit closing level is at or above the coupon barrier on each observation date.
The notes may be automatically called on scheduled dates starting April 17, 2026 if Reddit’s closing level is at or above the call threshold. If called, investors receive the $1,000 stated principal plus the applicable coupon, and no further payments. At maturity, if not called and the final level is at or above the downside threshold, investors receive the $1,000 principal (plus the final coupon, if payable). If the final level is below the downside threshold, the payout declines 1% for each 1% drop in the underlier and can be zero.
Key terms: Initial level $194.95; coupon barrier $97.475 (50% of initial); downside threshold $97.475; call threshold $194.95 (100% of initial). Issue price $1,000 per security; estimated value approximately $985 on the pricing date. The notes will not be listed and all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering principal at risk, contingent income memory auto-callable securities due October 28, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to the worst performing of Apple Inc. (AAPL) and Palantir Technologies Inc. (PLTR) and are unsecured obligations.
The securities pay a contingent coupon at 20.00% per annum on scheduled dates only if each stock closes at or above its coupon barrier (60% of its initial level) on the related observation date; unpaid coupons may be paid later if a subsequent observation meets the barrier. The notes auto-redeem if, on any redemption determination date starting January 26, 2026, each stock is at or above its call threshold (100% of its initial level), paying principal plus the current and any previously unpaid contingent coupons.
If not redeemed early, investors receive principal at maturity only if each final level is at or above its downside threshold (60% of initial); otherwise, repayment is reduced 1% for each 1% decline of the worst performer and could be zero. Issue price is $1,000 per security; the estimated value on the pricing date is approximately $956.60. The notes will not be listed and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering Contingent Income Buffered Auto‑Callable Securities linked to the iShares Bitcoin Trust ETF (IBIT). The notes can pay a contingent monthly coupon at an annual rate of 24.00% (about $20 per $1,000 note per month) if IBIT closes at or above 80% of the initial share price on each observation date.
The initial share price is $60.47 and the coupon barrier is $48.376. The notes auto‑call at monthly dates beginning November 20, 2025 if IBIT closes at or above the initial price, paying principal plus the due coupon(s). If not called, they mature on October 23, 2026. A 20% buffer applies at maturity; below that, the payoff declines by 1.25% for every 1% drop beyond the buffer, and principal can be lost up to zero. There is no upside participation. Estimated value is about $979.60 per $1,000 note; sales and structuring fees total $1.00 per note, with $999 per note to the issuer. The notes are unsecured, guaranteed by Morgan Stanley, and will not be listed.
Morgan Stanley Finance LLC is offering Lookback Entry Buffered Participation Securities with Downside Factor, unsecured notes fully and unconditionally guaranteed by Morgan Stanley (MS). The securities pay no interest, are linked to the worst performing of the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ), and mature on October 21, 2027.
Each security is issued at $1,000 with an estimated value on the pricing date of approximately $984.80 per security (or within $25 of that estimate). Performance uses a lookback initial level set as the lowest closing level during October 17–December 26, 2025 (not above $78.73 for GDX and $103.11 for GDXJ on October 17, 2025). At maturity: 100% participation on the worst underlier’s gain, capped by a maximum upside payment of $1,650 per security; par if the worst underlier’s final level is ≤ its initial level but ≥ the 85% buffer; below the buffer, losses increase at 1.1765% per 1% decline beyond the 15% buffer, with no minimum repayment.
The notes will not be listed. Sales are for fee‑based advisory accounts; MS&Co. will not receive a sales commission. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC launched preliminary terms for S&P 500-linked Buffered Jump Securities with an auto-call feature due October 21, 2027, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes are issued at $1,000 per security, with an estimated value on the pricing date of approximately $996.20 per security (within $25 of that estimate).
The notes auto-redeem on November 4, 2026 for $1,100 per security if the S&P 500® closing level on October 30, 2026 is at or above the call threshold 6,664.01 (100% of the initial level). If held to maturity: above the initial level 6,664.01 pays principal plus an upside payment at a 255% participation rate; between the initial level and the buffer level 5,797.689 (13% buffer) returns principal; below the buffer, losses apply at a 1.1494x downside factor. The securities pay no interest, are subject to issuer credit risk, and will not be listed on an exchange.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, filed a 424(b)(2) preliminary pricing supplement for Contingent Income Auto-Callable Securities linked to Hims & Hers Health, Inc. Class A common stock. These principal-at-risk notes offer a 46.60% per annum contingent coupon, paid only when the underlier’s closing level is at or above the coupon barrier on each observation date.
The initial level is $49.78 (strike date October 17, 2025). The coupon barrier is $29.868 (60% of the initial level) and the downside threshold is $24.89 (50%). The call threshold is $49.78 (100%). The notes may auto-call on scheduled quarterly dates starting April 17, 2026; if called, holders receive the $1,000 stated principal plus the applicable coupon and no further payments. If held to maturity on October 20, 2028 and the final level is below the downside threshold, repayment is reduced 1% for each 1% decline, potentially to zero.
The issue price is $1,000 per security; the estimated value on the pricing date is approximately $979 per security. The securities will not be listed, are sold to fee-based advisory accounts, and all payments are subject to the issuers’ credit risk.
Morgan Stanley Finance LLC is offering $1,600,000 of Contingent Income Auto-Callable Securities due April 8, 2027, linked to Meta Platforms, Inc. Class A common stock. The notes are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are issued at $1,000 per security.
The notes pay a 9.00% per annum contingent coupon only if META’s closing level is at or above the coupon barrier of $500.962 (70% of the $715.66 initial level) on each observation date. They auto-call if META is at or above the call threshold of $715.66 (100% of initial), returning principal plus the coupon. If not called, and at maturity META is below the downside threshold of $429.396 (60% of initial), repayment is reduced 1% for each 1% decline, potentially to zero. The offering carries principal at risk, includes an estimated value of $969.00 per security on the pricing date, and provides total proceeds to the issuer of $1,570,000 after selling commissions.