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 due August 29, 2031, fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and an original issue price of $1,000.
Investors may receive a contingent coupon at 10.75%–11.75% per annum, paid only if the index on an observation date is at or above a 70% coupon barrier level, with missed coupons potentially paid later if the barrier is met. The notes are auto-callable quarterly starting August 26, 2027 if the index is at or above a call threshold equal to 100% of the initial level, returning principal plus due and previously unpaid coupons.
At maturity, if not called and the final index level is at or above an 85% buffer level, investors receive full principal plus any payable coupons. Below the buffer, principal is reduced 1% for every 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is approximately $895.70 per security, reflecting embedded costs. Payments depend on Morgan Stanley’s credit and the performance of a relatively new, leveraged, decrement index.
Morgan Stanley Finance LLC is offering Buffered Jump Securities with Auto-Callable Feature, 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, an issue price of $1,000 and matures on August 29, 2031, subject to prior automatic early redemption.
Starting on August 27, 2027, if on any determination date the index closing level is at or above the call threshold level of 90% of the initial level, the notes are automatically redeemed for a fixed early redemption payment that corresponds to an annualized return of approximately 13.50% to 14.50%, with scheduled call payouts rising over time (for example, $1,135.00–$1,145.00 on the first call date and up to $1,663.75–$1,712.917 near maturity).
If not called, at maturity investors receive $1,675.00–$1,725.00 per security if the final index level is at or above the call threshold. If the final level is below the call threshold but at or above the 85% buffer level, investors receive only principal back. If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the 15% buffer, subject to a minimum payment of 15% of principal. The estimated value on the pricing date is approximately $896.90 per security, and the notes do not pay periodic interest and are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
Morgan Stanley Finance LLC is offering market-linked notes due August 29, 2031, linked to the EURO STOXX 50® Index and fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no periodic interest and is issued at $1,000 under a medium-term note program.
At maturity, investors receive $1,000 plus an upside payment equal to 120% of any positive index return, based on the change from the strike-date closing level to the August 26, 2031 observation-date level. If the final index level is equal to or below the initial level, only the $1,000 principal is repaid.
The notes are unsecured obligations of MSFL, guaranteed on a pari passu basis by Morgan Stanley, and are subject to the issuer’s and guarantor’s credit risk. The estimated value on the pricing date is approximately $946.80 per note, reflecting issuance, selling, structuring and hedging costs. The notes will not be listed on any exchange, and any secondary market making by Morgan Stanley & Co. LLC may be limited. For U.S. tax purposes, the securities are expected to be treated as contingent payment debt instruments, generally requiring annual accrual of interest income.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Jump Notes with Auto-Callable Feature due August 31, 2033 linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index at $1,000 stated principal per note. The notes pay no interest and may be automatically redeemed starting August 26, 2027 if the index closes at or above the call threshold, with early redemption payments starting at at least $1,102.50 per note and rising annually to at least $1,615.00 if called in 2032.
If not redeemed early and the final index level exceeds the initial level, holders receive principal plus 100% of index appreciation; otherwise only principal is repaid at maturity. The estimated value on the pricing date is approximately $921.10 per note, reflecting issuance, selling, structuring and hedging costs, and all payments are subject to Morgan Stanley’s credit risk. The notes will not be listed on any securities exchange and may have limited secondary market liquidity.
Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes linked to the worst performer of the Russell 2000 Index and 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 the credit risk of Morgan Stanley and MSFL.
At maturity on September 6, 2030, if the final level of each index is above its initial level, investors receive $1,000 plus a leveraged upside payment based on a 131%–146% leverage factor applied to the appreciation of the worst-performing index. If the worst-performing index is flat or down but not below its 70% downside threshold, investors receive $1,000 plus up to a 15% capped positive return via a 50% absolute return participation rate. If either index finishes below its downside threshold, principal is reduced 1% for each 1% decline of the worst performer, with no minimum payment, so the entire investment can be lost.
The indicative estimated value on the pricing date is approximately $965 per $1,000 security, reflecting issuing, selling, structuring and hedging costs borne by investors. Liquidity may be limited, and any secondary market price is expected to be below $1,000 and sensitive to both index performance and Morgan Stanley’s credit spreads.
Morgan Stanley Finance LLC is offering Jump Notes with Auto-Callable Feature due August 31, 2033, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index and fully guaranteed by Morgan Stanley. The notes pay no interest and return at least the $1,000 stated principal amount at maturity, subject to issuer credit risk.
The notes may be automatically redeemed quarterly starting August 26, 2027 if the index is at or above the call threshold, paying at least $1,080 per note on the first early redemption date and rising to at least $1,540 on the last. If held to maturity and the final index level exceeds the initial level, investors receive principal plus 100% of index appreciation; otherwise, only principal is paid. The estimated value on the pricing date is approximately $922.50 per note, reflecting issuance, selling, structuring and hedging costs, and the notes will not be listed on any exchange.
Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due February 25, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and is linked to the worst performing of the State Street Energy Select Sector SPDR ETF (XLE) and the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Investors may receive a 9.80% per annum contingent coupon, paid on scheduled coupon payment dates only if on the related observation date the closing level of each ETF is at or above its coupon barrier level, initially set at 70% of its initial level. The notes are auto-callable on specified redemption determination dates starting February 22, 2027 if each ETF is at or above its call threshold level, equal to 100% of its initial level; in that case, holders receive the $1,000 principal plus the applicable coupon and no further payments.
At maturity, if the notes have not been redeemed and the final level of each ETF is at or above its downside threshold (also 70% of initial), investors receive $1,000 plus any final coupon. If either ETF finishes below its downside threshold, the payoff is reduced 1% for every 1% decline of the worst performer, potentially to zero, so principal is fully at risk. The estimated value on the pricing date is approximately $966.90 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 Enhanced Trigger Jump Securities, unsecured notes fully and unconditionally guaranteed by Morgan Stanley, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount, with no periodic interest and principal at risk.
At maturity on September 6, 2030, if the final index level is at or above the downside threshold level of 70% of the initial level, investors receive $1,000 plus a fixed upside payment of $400 to $420 per security, regardless of further index gains. If the final level is below the threshold, the payout equals $1,000 multiplied by the performance factor (final level ÷ initial level), producing a 1% loss of principal for each 1% index decline and potentially zero return of principal.
The preliminary estimated value on the pricing date is approximately $970.20 per security, reflecting embedded issuance, structuring and hedging costs. The notes are subject to Morgan Stanley’s credit risk, have no minimum payment at maturity, limited upside, potentially low secondary market liquidity, and complex U.S. federal income tax treatment described as prepaid financial contracts that are “open transactions.”
Morgan Stanley Finance LLC is offering Enhanced Buffered Jump Securities linked to the S&P 500 Index, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount, pays no interest and is a principal-at-risk unsecured obligation.
At maturity on March 1, 2030, if the S&P 500 final level on the February 26, 2030 observation date is at or above the 85% buffer level, investors receive $1,000 plus a fixed upside payment of $274.50 (a 27.45% return). If the final level is below the buffer, repayment is reduced dollar-for-dollar with losses beyond the 15% buffer amount, subject to a minimum payment of 15% of principal.
The estimated value on the pricing date is approximately $961.10 per security, reflecting issuing, selling, structuring and hedging costs and Morgan Stanley’s pricing assumptions. The notes are issued under the Series A global medium-term note program, are subject to Morgan Stanley’s credit risk, offer no principal protection beyond the minimum payment, and feature complex U.S. federal income tax treatment 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 (SLV), Nasdaq-100 Technology Sector Index (NDXT) and Russell 2000 Index (RTY).
Investors may receive a contingent coupon of 12.50%–13.50% per year, paid only if on each observation date all three underliers are at or above their coupon barrier levels, set at 60% of initial levels. Missed coupons can be paid later (“memory”) if a future observation date meets the barriers.
The notes are automatically redeemed if, on any redemption determination date from February 26, 2027 onward, all underliers are at or above their call thresholds, set at 100% of initial levels, for repayment of principal plus the due and any unpaid coupons. If held to maturity without early redemption and any underlier finishes below its downside threshold (60% of initial), the payoff is reduced 1% for each 1% decline of the worst performer, and can fall to zero. The estimated value on the pricing date is about $957.50 per $1,000, and all payments are subject to Morgan Stanley’s credit, limited liquidity, and complex U.S. tax treatment.