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 principal-at-risk Contingent Income Memory Auto-Callable Securities due April 27, 2028, linked to the worst performing of Broadcom (AVGO), Alphabet Class A (GOOGL) and Microsoft (MSFT). The notes are issued at $1,000 per security, with an estimated value on the pricing date of approximately $969.30 per security.
The notes pay a contingent coupon at 13.45% per annum on scheduled dates only if each stock closes at or above its coupon barrier (50% of its initial level). They auto-call, paying principal plus any due and previously unpaid coupons, if on a redemption determination date each stock is at or above its call threshold (90% of its initial level), starting April 24, 2026. If not called, at maturity investors receive principal only if each final level is at or above its downside threshold (50% of initial). Otherwise, the payoff reflects a 1% loss for every 1% decline of the worst performer, which could reduce the payment to zero. The securities are unsecured, subject to the issuer’s and guarantor’s credit, and will not be listed on any exchange.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, priced Market‑Linked Notes tied to the S&P 500 Futures Excess Return Index. The notes pay no interest and return principal at maturity, with upside only if the final index level exceeds the initial level.
Key terms: Aggregate principal amount $650,000; issue price $1,000 per note; maturity October 21, 2027 after an observation on October 18, 2027. Participation rate 100%, with a maximum payment at maturity of $1,135 per note (113.50%). The initial index level is 543.95.
Economics: Estimated value on the pricing date is $986.30 per note, reflecting issuance, structuring and hedging costs. Per‑note economics: price to public $1,000, agent’s fees $10.50, and $989.50 to the issuer; total proceeds $643,175. The notes will not be listed; secondary market making by MS & Co. may occur but is not assured.
Risks and other considerations: All payments are subject to the issuer and guarantor’s credit risk. Upside is capped at the stated maximum, and performance is determined solely on the observation date. For U.S. tax purposes, the notes are expected to be treated as CPDIs with a comparable yield of 3.7700% per annum.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, filed an amendment to a preliminary pricing supplement for Callable Contingent Income Buffered Securities due October 28, 2026, linked to the worst performer of the Nasdaq-100, Russell 2000, and S&P 500.
The notes may pay a contingent coupon at an annual rate of 12.65% on scheduled dates only if each index closes at or above 87.50% of its initial level on the related observation date. They feature a 12.50% buffer and a minimum payment at maturity of 12.50% of principal; investors do not participate in any index appreciation.
The issuer may redeem the notes, in whole, on specified dates starting January 23, 2026 if a risk‑neutral valuation model indicates redemption is economically rational for the issuer. Issue price is $1,000 per security; the estimated value on the pricing date is approximately $984.30 per security. All payments are subject to the issuer’s credit risk.
Morgan Stanley Finance LLC launched preliminary terms for Contingent Income Auto-Callable Securities due November 3, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a contingent coupon at 10.00% per annum only if, on each observation date, the Utilities Select Sector SPDR Fund (XLU), the Nasdaq-100 Index (NDX) and the Russell 2000 Index (RTY) each close at or above their coupon barrier levels.
The notes may be automatically called on scheduled monthly dates starting April 30, 2026 if each underlier is at or above its call threshold (100% of initial), paying the stated principal plus the coupon and ending further payments. If not called, at maturity investors receive principal only if each final level is at or above its downside threshold (70% of initial); otherwise, repayment is reduced 1% for every 1% decline of the worst performer. The issue price is $1,000 per security and the estimated value on pricing is approximately $960.20 per security (or within $45 of that estimate). The notes will not be listed and all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC plans to offer callable Contingent Income Securities due February 23, 2028, fully and unconditionally guaranteed by Morgan Stanley. The notes pay a 9.25% per annum contingent coupon only if, on each observation date, the S&P 500, Nasdaq‑100, and Russell 2000 are each at or above their coupon barrier (60% of initial). The product is “worst‑of,” so a single index below its barrier cancels that period’s coupon.
The notes are principal at risk. If not redeemed early and any index finishes below its 60% downside threshold at maturity, repayment is reduced 1% for every 1% decline in the worst performer; principal could be zero. Initial levels/thresholds: SPX 6,664.01/3,998.406; NDX 24,817.95/14,890.77; RTY 2,452.173/1,471.304. Early redemption, in whole, can occur on set dates starting April 22, 2026 only if a risk‑neutral valuation model indicates it is economically rational for the issuer. Issue price is $1,000 per security; estimated value on the pricing date is approximately $991.80. The notes will not be listed; 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 November 3, 2028, fully and unconditionally guaranteed by Morgan Stanley. The notes pay a 12.20% annual contingent coupon only if, on each observation date, the Utilities Select Sector SPDR Fund (XLU), the Nasdaq-100 Index (NDX) and the Russell 2000 Index (RTY) all close at or above 80% of their initial levels.
The notes auto-call for par plus the applicable coupon if, on a redemption determination date, all three underliers are at or above 100% of their initial levels, beginning April 30, 2026. If not called, at maturity investors receive par only if each final level is at or above its 70% downside threshold; otherwise, repayment is reduced 1% for every 1% decline in the worst-performing underlier, and could be zero.
The notes are unsecured, not listed on any exchange, and all payments are subject to the issuer’s and guarantor’s credit risk. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $979.10 per security (or within $45.00 of that estimate). Key dates: pricing October 31, 2025 and original issue November 5, 2025.
Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due October 20, 2028 linked to the common stock of CAVA Group, Inc., fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a contingent coupon at 21.40% per annum only if the underlier closes at or above the coupon barrier on each observation date.
The notes may be automatically redeemed if the underlier is at or above the call threshold level of $62.86 (100% of the initial level) on a redemption determination date, paying the $1,000 stated principal plus the applicable coupon. If held to maturity without prior redemption, investors receive $1,000 only if the final level is at or above the downside threshold of $31.43 (50% of the initial level). Otherwise, repayment is reduced 1% for every 1% decline in the underlier, which could result in a zero return.
Key terms include initial level $62.86 (strike date October 17, 2025), coupon barrier $37.716 (60% of initial), issue price $1,000 per security, and an estimated value of approximately $980.50 per security on the pricing date. The securities will not be listed, payments depend on Morgan Stanley/MSFL credit, and sales are limited to fee‑based advisory accounts.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering principal-at-risk, auto-callable Jump Securities linked to the worst performer of the S&P 500 Futures Excess Return Index and the Utilities Select Sector SPDR Fund. Each security has a $1,000 stated principal and issue price. The notes may be automatically redeemed on quarterly determination dates starting October 28, 2026 if both underliers are at or above their call thresholds, paying an amount that targets approximately 11.10% per annum (e.g., $1,111.00 on the first call date, rising to $1,527.25 by July 29, 2030). The estimated value on the pricing date is about $945.80 per security.
If not called, at maturity on October 31, 2030: if both final underlier levels are at or above their call thresholds, investors receive $1,555.00 per security; if at least one is below the call threshold but each is at or above the downside threshold (70% of initial level), investors receive the stated principal; otherwise, the payoff declines 1% for each 1% drop of the worst performer, potentially to zero. The securities pay no interest, do not participate in underlier upside beyond the fixed payouts, are unsecured, and all payments are subject to the issuer’s and guarantor’s credit risk. The notes will not be listed.
Morgan Stanley Finance LLC is offering Buffered PLUS, principal-at‑risk structured notes due November 3, 2028, linked to the S&P 500 Futures Excess Return Index and fully and unconditionally guaranteed by Morgan Stanley. Each security is issued at $1,000 and pays no interest.
At maturity, if the final index level is above the initial level, holders receive principal plus a 133% leveraged share of the index gain. If the final level is at or below the initial level but at or above the 20% buffer, holders receive principal only. If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 20% of principal. Key dates: strike/pricing October 31, 2025; observation October 31, 2028. The notes are unsecured obligations subject to the issuer’s and guarantor’s credit risk, will not be listed, and have an estimated value on the pricing date of approximately $983 per security (±$45).
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, filed Amendment No. 1 to a preliminary pricing supplement for Enhanced Buffered Jump Securities due November 20, 2026 linked to the worst performer of the S&P 500 Futures Excess Return Index, Utilities Select Sector SPDR Fund, and Russell 2000 Index. The notes are sold at $1,000 per security, pay no interest, are principal-at-risk, and will not be listed.
The structure offers a digital payment of $121 per security (12.10%) at maturity if each underlier’s final level is at or above its digital threshold of 75% of initial. Repayment of principal is buffered so that if each underlier is at or above its buffer level of 90% of initial, investors also receive the stated principal amount. If any underlier finishes below its buffer, maturity value is reduced 1% for each 1% decline of the worst performer beyond the 10% buffer, subject to a minimum payment of 10% of principal.
The observation date is November 17, 2026. The estimated value on the pricing date is approximately $987 per security (within $25), reflecting issuance, structuring, and hedging costs. Sales are through fee-based advisory accounts; MS&Co., an affiliate, acts as agent without a sales commission. All payments are subject to Morgan Stanley’s credit risk.