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 Buffered Jump Securities with Auto-Callable Feature, principal-at-risk notes linked to an equally weighted basket of Apollo, Blackstone, Ares and KKR stocks. Each security has a $1,000 stated principal amount and issue price, with a total offering of $1,000,000, and is fully and unconditionally guaranteed by Morgan Stanley.
The notes may be automatically redeemed on August 17, 2027 for a fixed $1,215 per security if the basket level on the August 12, 2027 determination date is at or above 100% of the initial level, after which no further payments are made. If held to August 3, 2028 and not called, investors receive at least principal only if the final basket level is at or above the 85 buffer level. Above the initial level, investors receive principal plus the greater of a fixed $430 upside payment or 150% of the basket’s appreciation; below the buffer, losses accelerate at 1.1765% of principal for each 1% decline beyond the 15% buffer, with no minimum payment at maturity.
The estimated value on the pricing date is $978 per $1,000 note, reflecting embedded costs and the issuer’s lower internal funding rate. The notes pay no interest, are unsecured obligations subject to Morgan Stanley’s credit risk, may be illiquid, and have complex and uncertain U.S. tax treatment characterized as prepaid financial contracts.
Morgan Stanley Finance LLC is offering Contingent Income Memory Auto-Callable Securities due September 6, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and is linked to the worst performer of the iShares Silver Trust, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index.
Investors may receive a contingent coupon at 10.00%–11.00% per year, but only if on each observation date all underliers are at or above their coupon barrier, set at 50% of initial levels. Missed coupons can be paid later if barriers are met, but coupons can be zero for the entire term.
The notes are auto-callable from February 26, 2027 if all underliers are at or above 100% of their initial levels, returning principal plus applicable coupons. If not called, and at maturity any underlier is below its 50% downside threshold, repayment of principal is reduced 1% for each 1% decline of the worst underlier, potentially to zero. The estimated value on the pricing date is about $958.50 per $1,000, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is issuing Buffered Jump Securities with Auto-Callable Feature and Downside Factor, linked to the Nasdaq-100 Index® and fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, with an aggregate principal amount of $800,000, issued under the Series A Global Medium-Term Notes program. The notes pay no interest and do not guarantee repayment of principal; all payments depend on Morgan Stanley’s credit.
The notes may be automatically redeemed on scheduled determination dates if the index closing level is at or above the call threshold level of 28,106.35, delivering fixed early redemption payments that correspond to an approximate 11.32% per annum return (e.g., $1,113.20 to $1,198.10 per security). If not called, payment at maturity depends on the final index level: investors receive $1,226.40 per security if the final level is at or above the call threshold, only the principal if the final level is between the call threshold and the buffer level of 22,485.08 (a 20% buffer), and a leveraged loss of 1.25% of principal for each 1% decline beyond the buffer, potentially reducing the payment to zero.
The issue price is $1,000 per security, including up to $15 in placement fees per $1,000, with an estimated value on the pricing date of $977.10. The notes are unsecured obligations of MSFL with no listing, limited liquidity is expected, and secondary market prices are expected to be below the issue price due to embedded costs and credit spreads. U.S. federal income tax treatment is uncertain; counsel views the notes as prepaid financial contracts, and investors are directed to detailed tax discussions, including potential implications of Section 871(m) for non-U.S. holders.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS structured notes due September 6, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and pays no interest, with principal at risk and no minimum payment at maturity.
The notes are linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. At maturity, if all three final levels exceed their initial levels, investors receive principal plus 200% of the worst performer’s gain, capped by a maximum upside payment of $1,650 to $1,670 per security. If any index is at or below its initial level but all remain at or above 70% of their initial levels, investors receive principal plus a positive return equal to the absolute decline of the worst performer, with this absolute return effectively capped at a 30% gain.
If any index finishes below its 70% downside threshold level, repayment is reduced 1% for each 1% decline of the worst performer, and the amount repaid can fall to zero. The estimated value on the pricing date is approximately $966.20 per security, reflecting issuance, structuring and hedging costs. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
Morgan Stanley Finance LLC is offering Jump Securities with an auto-callable feature due August 4, 2031, linked to the worst performer of the EURO STOXX 50® Index and the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. These principal at risk securities pay no interest and do not guarantee return of principal.
The stated principal amount and issue price are $1,000 per security, with an aggregate principal amount of $715,000 and an estimated value on the pricing date of $958.30 per security. The notes may be automatically redeemed quarterly from August 6, 2027 onward if each index is at or above its call threshold level of 100% of initial, for early redemption payments corresponding to a return of approximately 11.15% per annum (for example, $1,111.50 on the first determination date, rising to $1,529.625 on the 16th).
If not redeemed early, and on July 30, 2031 both indices are at or above their call thresholds, investors receive $1,557.50 per security. If at least one index is below its call threshold but both remain at or above the downside thresholds of 70% of initial (SX5E: 4,441.08; SPX: 5,206.341), investors receive only the $1,000 principal. If either index finishes below its downside threshold, repayment is reduced in full proportion to the decline of the worst performer, potentially to zero. All payments are subject to the credit risk of MSFL and Morgan Stanley.
Morgan Stanley Finance LLC is offering principal-at-risk structured notes linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, with an estimated value on the pricing date of approximately $896.40 per security.
Investors may receive a contingent coupon at 9.50%–10.50% per annum, paid only when the index closes at or above a coupon barrier level of 60% of the initial level on the relevant observation date; missed coupons can be paid later if the barrier is met, but may be lost entirely. The notes are subject to automatic early redemption on scheduled determination dates if the index is at or above a call threshold of 100% of the initial level, returning principal plus applicable coupons.
If not redeemed early and at maturity the index is at or above the buffer level of 85% of the initial level, investors receive full principal plus any payable coupons. Below the buffer, principal is reduced 1% for each 1% decline beyond the 15% buffer, subject to a minimum payment at maturity of 15% of principal. The notes do not participate in any index appreciation, are unsecured obligations exposed to Morgan Stanley’s credit risk, may have limited secondary market liquidity, and involve complex tax and index-structure risks.
Morgan Stanley Finance LLC is offering Enhanced Dual Directional Buffered Jump Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 principal amount, pays no interest and matures on February 3, 2028, with the index observed only on January 31, 2028.
At maturity, if the S&P 500 final level is at or above the 7,437.63 initial level, investors receive principal plus a fixed $70 digital payment. If the index has declined but remains at or above the 93% digital threshold, investors receive principal, the digital payment and additional upside based on the absolute decline, capped at a 14% positive return. If the final level is between the 80% buffer level and the digital threshold, investors participate 100% in the absolute decline up to a 20% maximum positive return, without the digital payment.
Below the buffer, principal is reduced 1% for each 1% further index drop, subject to a 20% minimum payment of principal. The notes are principal-at-risk, priced at $1,000 with an estimated value of $971.10, include $15 per-note selling commissions, and are unsecured obligations exposed to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering Dual Directional Buffered Jump Securities due September 5, 2031, fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P 500® Futures Excess Return Index. The notes pay no interest and are principal-at-risk securities with a stated principal amount of $1,000 per security.
At maturity, if the index is at or above its initial level, investors receive $1,000 plus the greater of index gains or an upside payment of $570 to $590 per security. If the index is below the initial level but at or above 80% of the initial level, investors receive a positive return matching the index’s absolute decline, capped at a 20% gain. Below the 80% buffer, principal is reduced 1% for each 1% further index decline, subject to a minimum payment of 20% of principal.
The estimated value on the pricing date is approximately $967.70 per security, reflecting issuance, structuring and hedging costs. The notes are unsecured obligations subject to Morgan Stanley’s credit risk, may have limited or no secondary market, and involve complex tax and index-linked futures risks.
Morgan Stanley Finance LLC is offering Contingent Income Memory Buffered Auto-Callable Securities, fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index and maturing on August 29, 2031. Each security has a stated principal amount and issue price of $1,000 and is a principal-at-risk, unsecured obligation subject to Morgan Stanley’s credit risk.
The notes pay a contingent coupon at an annual rate of 12.35% to 13.35%, but only when the index closing level on an observation date is at or above the coupon barrier level set at 80% of the initial level; missed coupons can be “remembered” and paid later if the barrier is met. The notes are automatically redeemed if, on any redemption determination date starting August 26, 2027, the index is at or above the call threshold of 100% of the initial level, returning principal plus the applicable coupon and any unpaid contingent coupons.
If held to maturity without early redemption, investors receive principal back only if the final index level is at or above the buffer level of 85% of the initial level; otherwise, they lose 1% of principal for each 1% decline beyond the 15% buffer, subject to a minimum payment at maturity of 15% of principal. The estimated value on the pricing date is approximately $895.60 per $1,000 security, reflecting issuance, structuring and hedging costs. Investors do not participate in any upside of the index and face limited liquidity, potential loss of most of their investment, and complex U.S. tax treatment.
Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS notes linked to the S&P 500 Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, pays no interest and exposes investors to issuer and guarantor credit risk.
At maturity on October 5, 2027, if the S&P 500 final level is above the initial level, holders receive principal plus 200% of the index gain, capped at a maximum payment of $1,117.50 per security (111.75% of principal). If the index is flat or down but no more than 10% below the initial level, investors earn a positive “absolute return” on the decline, up to a 10% gain. If the index falls more than 10%, principal is reduced 1-for-1 beyond the buffer, subject to a minimum payment of 10% of principal.
The original issue price is $1,000, while the estimated value on the pricing date is approximately $987.40, reflecting structuring and hedging costs. The notes are principal-at-risk, may be illiquid, and their value is affected by S&P 500 performance, volatility and Morgan Stanley’s credit spreads, with complex and uncertain U.S. tax treatment as prepaid financial contracts.