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 issuing $6,838,000 of Trigger Autocallable Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. Each Security has a $10 principal amount and a term of approximately two years, subject to automatic early call.
Beginning after one year, if on any quarterly Observation Date (including the Final Observation Date) the S&P 500® closes at or above the Initial Level of 7,411.98, the notes are automatically called and pay $10 plus a fixed Call Return based on a 9.55% per annum Call Return Rate, up to $11.91 at the final date. If not called and the Final Level is below the Initial Level but at or above the Downside Threshold of 5,558.99 (75% of the Initial Level), investors receive only principal back.
If the Final Level is below the Downside Threshold, repayment equals $10 × (1 + Underlying Return), exposing investors to the full downside of the index and potentially a complete loss of principal. The notes pay no interest or dividends, offer no participation in index appreciation, may have limited or no secondary market, and all payments are subject to the credit risk of MSFL and Morgan Stanley. The estimated value on the trade date is $9.772 per $10 Security.
Morgan Stanley Finance LLC is offering $865,000 of Contingent Income 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 July 29, 2031. Each security has a stated principal amount and issue price of $1,000, with an estimated value on the pricing date of $957.40.
Investors may receive a 13.50% per annum contingent coupon on scheduled payment dates, but only if the index’s closing level on the related observation date is at or above the coupon barrier level of 624.455, which is 50% of the initial level of 1,248.91. The notes are automatically redeemed at par plus the contingent coupon if, on any redemption determination date, the index closes at or above the call threshold level of 1,248.91.
If the notes are not called and the final index level on July 24, 2031 is below the downside threshold level of 624.455, investors lose 1% of principal for each 1% index decline, and the payment at maturity can be reduced to zero. All payments are subject to the credit risk of Morgan Stanley Finance LLC and Morgan Stanley.
Morgan Stanley Finance LLC is offering Contingent Income Memory Auto-Callable Securities due July 31, 2028, linked to the worst performer of the iShares Russell 2000 ETF, Invesco QQQ, Series 1, and State Street SPDR S&P 500 ETF Trust, fully and unconditionally guaranteed by Morgan Stanley.
Each security has a $1,000 stated principal amount, with an aggregate principal amount of $300,000, and pays a contingent coupon at an annual rate of 10.00% only if on an observation date each underlier is at or above its coupon barrier level, set at 75% of its initial level. Unpaid coupons may be paid later if barriers are met.
The notes are auto-callable quarterly from January 25, 2027 onward if all underliers are at or above their 100% call thresholds, returning principal plus the coupon and any unpaid coupons. If not called, and at maturity any underlier is below its 75% downside threshold, repayment is reduced 1% for each 1% decline of the worst performer, potentially to zero. The notes are unsecured, principal-at-risk, and their estimated value on the pricing date is $966.50 per $1,000.
Morgan Stanley Finance LLC is issuing $534,000 of Contingent Income Memory Auto-Callable Securities due July 27, 2029, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes are linked to the worst performer of Micron Technology, Meta Platforms Class A and Qualcomm common stock.
The notes offer a 21.75% per annum contingent coupon, payable only when the closing level of each stock is at or above its coupon barrier, set at 50% of its initial level. Automatic early redemption can occur quarterly from July 2027 if all underliers are at or above their call thresholds, set at 100% of initial levels, paying principal plus the due and any unpaid coupons.
If not called, investors receive principal at maturity only if each final level is at or above its downside threshold (50% of initial) or any final level is at or above its initial level; otherwise, repayment is reduced 1% for each 1% decline of the worst-performing stock, potentially to zero. The issue price is $1,000 per security, with an estimated value of $913.70, and all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is issuing Callable Contingent Income Securities due July 27, 2029, fully and unconditionally guaranteed by Morgan Stanley, in $1,000 denominations, linked to the worst performing of the S&P 500 Index, State Street Financial Select Sector SPDR ETF and State Street Technology Select Sector SPDR ETF. Principal is at risk.
The notes pay a 9.85% per annum contingent coupon only if on each observation date all three underliers are at or above their coupon barrier levels (60% of initial). If not, that period’s coupon is zero. At maturity, if not previously called and every underlier is at or above its downside threshold (50% of initial), investors receive principal plus any final coupon; otherwise they lose 1% of principal for each 1% decline in the worst underlier, potentially losing the entire investment. The issuer may redeem the notes early on specified dates when a risk neutral valuation model indicates it is economically rational for the issuer, ending all future payments. The estimated value on the pricing date is $973.80 per $1,000 note, and investors face issuer credit, market, liquidity and tax risks.
Morgan Stanley Finance LLC is issuing Enhanced Trigger Jump Securities due August 27, 2027, linked to the worst performer of the Russell 2000 Index and the S&P 500 Index. Each note has a stated principal amount of $1,000 and pays no interest.
At maturity, if the final level of each index is at or above its downside threshold level (75% of its initial level), investors receive $1,000 plus a fixed upside payment of $112 per security, an 11.20% return. If either index closes below its threshold, the payout is $1,000 multiplied by the performance factor of the worst performing index, resulting in a 1% loss of principal for each 1% decline, with no minimum payment; the return can be zero.
The aggregate principal amount of the issuance is $4,664,000. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are subject to the credit risk of both. The estimated value on the pricing date is $990.70 per $1,000 security, reflecting issuing, selling, structuring and hedging costs and a rate advantageous to the issuer. Liquidity may be limited, secondary prices are expected to be below issue price, and U.S. federal income tax treatment is described as “prepaid financial contracts” with noted uncertainty.
Morgan Stanley Finance LLC is issuing Buffered PLUS structured notes due July 27, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount within a total offering of $2,491,000, and pays no interest.
The payoff is based on the worst performing of the EURO STOXX 50® Index, iShares® Russell 2000® ETF and State Street® Energy Select Sector SPDR® ETF. If the final level of each underlier is above its initial level, investors receive principal plus 320% of the underlier gain. If the worst performing underlier is between its initial level and its 30% buffer (70% of initial), investors receive only principal. Below the buffer, investors lose 1% of principal for each 1% decline of the worst underlier beyond 30%, subject to a minimum payment of 30% of principal.
The initial levels are 6,280.94 for EURO STOXX 50®, $291.17 for IWM and $59.62 for XLE, with corresponding buffer levels at 70% of each. The notes are unsecured obligations subject to Morgan Stanley’s credit risk. The estimated value on the pricing date is $957.80 per security versus a $1,000 issue price, reflecting embedded costs and dealer compensation.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering Trigger PLUS structured notes due July 29, 2031 linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount, pays no interest and exposes investors to full principal risk.
At maturity, if the index is above the initial level of 592.71, holders receive $1,000 plus 203.40% of the index gain. If the final level is between 50% and 100% of the initial level (at or above the 296.355 downside threshold), investors receive only $1,000. Below the threshold, repayment is $1,000 multiplied by the index performance factor, with no minimum, so the amount can fall to zero.
The issue price is $1,000 per security with an estimated value of $971.00, reflecting issuing, selling, structuring and hedging costs. The aggregate principal amount is $3,761,000. All payments depend on Morgan Stanley’s credit and a potentially illiquid secondary market. U.S. tax treatment is complex and uncertain.
Morgan Stanley Finance LLC is issuing principal-at-risk Callable Contingent Income Securities due January 29, 2029, linked to the worst performer of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, fully and unconditionally guaranteed by Morgan Stanley.
Investors may receive a contingent coupon at 11.70% per annum, payable only if on each observation date all three indices are at or above their respective coupon barrier levels (70% of initial levels. The notes are callable in whole, beginning January 28, 2027, only if a risk neutral valuation model indicates it is economically rational for the issuer to redeem.
If not redeemed and each index finishes at or above its downside threshold level (60% of its initial level), investors receive principal plus any final contingent coupon. If any index finishes below its downside threshold, repayment is reduced 1% for every 1% decline of the worst-performing index, potentially resulting in a total loss of principal. The estimated value on the pricing date is $976.70 per $1,000 security, reflecting issuance, structuring and hedging costs.
Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS, principal-at-risk notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount and issue price of $1,000, with an aggregate principal amount of $901,000.
The notes pay no interest and mature on July 29, 2030. If the index rises, investors receive principal plus 168% of the index gain. If the index falls but remains at or above the 80% buffer level, investors earn a positive “dual directional” return up to 20%. Below the buffer, repayment is reduced 1% for each 1% further decline, subject to a minimum payment of 20% of principal. The initial index level is 592.71, buffer level 474.168, and the estimated value on the pricing date is $974.50 per security, reflecting embedded issuing and hedging costs and the issuer’s credit risk.