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 filed a preliminary pricing supplement for Dual Directional Trigger PLUS, unsecured notes linked to the S&P 500 Futures Excess Return Index, due November 5, 2030. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if the final index level is above the initial level, the payoff adds 157% of the index gain. If the final level is at or below the initial level but at or above the downside threshold of 60% of the initial, investors receive the principal plus the absolute decline at a 100% participation rate, effectively capped at a 40% positive return. If the final level falls below the threshold, investors lose 1% of principal per 1% index decline, up to total loss.
The notes are fully and unconditionally guaranteed by Morgan Stanley, subject to issuer and guarantor credit risk, and will not be listed. The estimated value on the pricing date is approximately $970.40 per security (within $55 of that estimate). Selected dealers may receive up to $8.50 per security as a structuring fee; MS&Co. takes no sales commission.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS linked to the S&P 500 Futures Excess Return Index, maturing on November 5, 2031. These principal-at-risk notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.
At maturity, if the final index level is above the initial level, holders receive $1,000 plus a leveraged upside equal to 164% of the index gain. If the index is at or below the initial level but at or above the downside threshold, investors receive $1,000 plus a positive return equal to the absolute index decline at a 100% participation rate, effectively capped at a 40% gain. If the final level is below the downside threshold (set at 60% of the initial level), principal is reduced 1% for every 1% index decline, and the payout could be zero.
The issue price is $1,000 per note, the estimated value on the pricing date is approximately $935.20 per note (within $55.00 of that estimate), agent’s sales commission is $32.50 per note, and proceeds to the issuer are $967.50 per note. The observation date is October 31, 2031. The notes will not be listed and are subject to Morgan Stanley/MSFL credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable Jump Securities due October 24, 2030, linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index, fully and unconditionally guaranteed by Morgan Stanley. The notes have a $1,000 issue price per security and an estimated value on the pricing date of approximately $900 per security.
The securities can be automatically redeemed on quarterly determination dates starting October 27, 2026 if the underlier closes at or above the call threshold level (84% of the initial level), paying an early redemption amount that corresponds to approximately 12.00% per annum (e.g., $1,120 on the first date, stepping to $1,590 by September 20, 2030). If not called, at maturity investors receive $1,600 per security if the final level is at or above the call threshold; the stated principal amount if the final level is at or above the downside threshold (50% of the initial level); otherwise, a loss matching the underlier’s decline, down to zero. Payments are unsecured and subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC filed a preliminary 424(b)(2) pricing supplement for Contingent Income Auto-Callable Securities due October 26, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes are linked to the worst performing of the Nasdaq‑100, Dow Jones Industrial Average and Russell 2000.
The notes pay a 7.50% annual contingent coupon only if, on each observation date, the closing level of each index is at or above its coupon barrier (70% of its initial level). They auto‑redeem at par plus the coupon if, on a redemption determination date (first on April 22, 2026), each index is at or above 100% of its initial level.
If not called, at maturity investors receive par only if the final level of each index is at or above its 70% downside threshold; otherwise, the payoff is reduced 1% for every 1% decline of the worst performer, which can result in a total loss. Issue price is $1,000 per security; the estimated value on the pricing date is approximately $965.50 per security. All payments are subject to issuer and guarantor credit risk. The securities will not be listed.
Morgan Stanley Finance LLC is offering Buffered PLUS with Downside Factor due October 22, 2030, linked to the EURO STOXX 50 Index. These unsecured, principal-at-risk notes pay no interest and are fully and unconditionally guaranteed by Morgan Stanley. At maturity, investors receive $1,000 plus a leveraged upside payment if the index is above its initial level; par if the index is between the initial level and the 80% buffer level; and a loss of 1.25% for every 1% decline beyond the 20% buffer if the index finishes below the buffer.
Key terms include a leverage factor of at least 168.35% (set on the pricing date), downside factor 1.25, buffer amount 20%, strike/pricing date October 17, 2025, observation date October 17, 2030, and maturity October 22, 2030. Issue price is $1,000 per security; agent’s commissions are $30 per $1,000; the estimated value on the pricing date is approximately $954.10 per security (or within $40 of that estimate). Minimum ticket is $10,000 and the notes will not be listed. 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 Callable Contingent Income Securities due April 29, 2027, linked to the worst performer of the S&P 500 Index, Nasdaq-100 Technology Sector Index, and Russell 2000 Index. The notes are issued at $1,000 per security and pay a contingent coupon at 11.70% per annum only if each index closes at or above its coupon barrier on the observation date.
The issuer may redeem the notes on specified redemption dates, starting January 29, 2026, if a risk-neutral valuation model indicates early call is economically rational for the issuer; if called, investors receive the stated principal plus any due coupon. At maturity, if not redeemed and each index is at or above its 70% downside threshold, investors receive principal (and any final coupon). If any index finishes below its threshold, repayment is reduced 1% for each 1% decline of the worst index, which could result in a zero return of principal. The estimated value on the pricing date is approximately $983.90 per security (or within $35 of that estimate). The securities are unsecured, subject to Morgan Stanley credit risk, and will not be listed.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Buffered PLUS linked to the S&P 500 Index. These principal-at-risk notes pay no interest and mature on November 20, 2026. At maturity, you receive the $1,000 stated principal plus leveraged gains at a 150% rate if the index rises, capped at $1,117.50 per security. If the index is flat to down but no lower than the 10% buffer, you receive $1,000. Below the buffer, losses match the decline beyond 10%, subject to a minimum payment of 10% of principal.
The initial level is 6,644.31 (strike date October 14, 2025), with a buffer level of 5,979.879. The final level is the average of 10 dates in November 2026. The notes are unsecured obligations subject to MS/MSFL credit risk, will not be listed, and may have limited liquidity. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $989.60 per security. The issuer uses an internal funding rate and includes issuing, selling, structuring and hedging costs in the price, which can reduce secondary market values.
Morgan Stanley Finance LLC announced a preliminary 424(b)(2) pricing supplement for Jump Securities with an auto-call feature due October 28, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to the worst performing of the S&P 500 Index, Nasdaq-100 Technology Sector Index, and Russell 2000 Index, are principal at risk, and pay no interest.
The notes auto-redeem on October 28, 2026 if each index closes at or above its 100% call threshold, for an $1,150 payment per security. If held to maturity and each final level is above its initial, investors receive principal plus an upside payment equal to stated principal × 380% × the underlier percent change of the worst performer. If any index is at or below its initial but all are at or above the 70% downside threshold, only principal is returned. If any index finishes below 70% of its initial, repayment is reduced 1% for each 1% decline of the worst performer, potentially to zero. The issue price is $1,000 per security; the estimated value on the pricing date is approximately $978.40. The notes will not be listed and are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC plans to offer Callable Contingent Income Securities due October 25, 2028, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay a 12.00% annual contingent coupon only if, on each observation date, the closing level of all three underliers—the Real Estate Select Sector SPDR Fund (XLRE), the Nasdaq-100 Technology Sector Index (NDXT) and the Russell 2000 Index (RTY)—is at or above a coupon barrier set at 70% of its initial level.
The notes may be redeemed early, in whole, starting April 23, 2026, if and only if a risk neutral valuation model indicates redemption is economically rational for the issuer compared to not redeeming. If held to maturity and each underlier’s final level is at or above its 70% downside threshold, investors receive the $1,000 stated principal (plus any final coupon if payable). If any underlier finishes below its threshold, repayment is reduced 1% for each 1% decline of the worst performer, potentially to zero.
Issue price is $1,000 per security, with an estimated value of approximately $981 on the pricing date. The securities will not be listed. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC launched preliminary terms for fixed-income auto-callable securities linked to Palantir Technologies Inc. (Class A), fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, an issue price of $1,000, and pays a fixed coupon at 13.75% per annum, with monthly payments. The notes may be automatically redeemed if the underlier is at or above the call threshold (100% of the initial level) on specified determination dates, paying principal plus the coupon for that period. The notes are principal at risk and are unsecured obligations subject to the issuer’s and guarantor’s credit risk.
If not called, the notes mature on April 26, 2027. At maturity, if the final level is at or above the downside threshold (50% of the initial level), investors receive the stated principal amount plus the final coupon; if below, repayment is reduced 1% for each 1% decline in the underlier, potentially to zero, though the final coupon is still paid. The estimated value on the pricing date is approximately $966.20 per security. Key dates: strike/pricing October 21, 2025, original issue October 24, 2025, first redemption determination date January 21, 2026. The notes will not be listed on any exchange.