Morgan Stanley Finance LLC Files New Securities Prospectus

TL;DR

**Morgan Stanley Finance LLC is issuing new securities to raise capital.**

AI Summary

Morgan Stanley Finance LLC filed a 424B2 prospectus on March 24, 2026, for its parent company, Morgan Stanley. This filing, specifically Preliminary Pricing Supplement No. 15,122, indicates that Morgan Stanley Finance LLC is offering new securities under an existing registration statement (File No. 333-275587-01). This matters to investors because it signals Morgan Stanley's ongoing strategy to raise capital, which can impact its financial health and future growth prospects.

Why It Matters

This filing indicates Morgan Stanley Finance LLC is actively raising capital, which can affect the parent company's liquidity and ability to fund operations or new ventures.

Risk Assessment

Risk Level: medium — The filing itself is a standard procedure for offering securities, but the specific terms of the offering, not detailed here, could introduce market or credit risk.

Analyst Insight

Investors should monitor subsequent filings or news from Morgan Stanley for details on the specific terms, size, and use of proceeds for the securities being offered, as this filing only indicates the intent to offer.

Key Numbers

• 15,122 — Preliminary Pricing Supplement Number (Identifies the specific offering document within the larger shelf registration.)
• 2026-03-24 — Filing Date (Indicates when the prospectus was submitted to the SEC.)

Key Players & Entities

• Morgan Stanley Finance LLC (company) — Filer of the 424B2 prospectus
• Morgan Stanley (company) — Parent company of the filer
• 0001666268 (person) — CIK of Morgan Stanley Finance LLC
• 0000895421 (person) — CIK of Morgan Stanley
• 333-275587-01 (dollar_amount) — File number for Morgan Stanley Finance LLC's registration statement
• 333-275587 (dollar_amount) — File number for Morgan Stanley's registration statement
• 2026-03-24 (dollar_amount) — Filing date of the 424B2

FAQ

Key Financial Figures

• $1,000 — an Stanley Stated principal amount: $1,000 per security Issue price: $1,000 pe
• $972.90 — ue on the pricing date: Approximately $972.90 per security, or within $40.00 of that
• $40.00 — imately $972.90 per security, or within $40.00 of that estimate. See "Estimated Value
• $6.25 — may receive a structuring fee of up to $6.25 for each security from the agent or its
• $1,109.375 — appreciates 5%, investors will receive $1,109.375 per security, or 110.9375% of the state
• $150 — 85% of their principal and receive only $150 per security at maturity, or 15% of the

Filing Documents

• ms15122_424b2-10712.htm (424B2) — 218KB
• image1.gif (GRAPHIC) — 44KB
• image2.gif (GRAPHIC) — 80KB
• image3.gif (GRAPHIC) — 2KB
• 0001839882-26-016598.txt ( ) — 393KB

Risk Factors

Risk Factors This section describes the material risks relating to the securities. For further discussion of these and other risks, you should read the section entitled "Risk Factors" in the accompanying product supplement and prospectus. We also urge you to consult with your investment, legal, tax, accounting and other advisers in connection with your investment in the securities. Risks Relating to an Investment in the Securities The securities do not guarantee the return of any principal and do not pay interest. The terms of the securities differ from those of ordinary debt securities in that they do not guarantee the repayment of any principal and do not pay interest. If the final level is less than the downside threshold level, the payout at maturity will be an amount in cash that is significantly less than the stated principal amount of each security, and you will lose an amount proportionate to the full decline in the level of the underlier over the term of the securities. There is no minimum payment at maturity on the securities, and, accordingly, you could lose your entire initial investment in the securities. The amount payable on the securities is not linked to the value of the underlier at any time other than the observation date. The final level will be based on the closing level of the underlier on the observation date, subject to postponement for non-trading days and certain market disruption events. Even if the value of the underlier appreciates prior to the observation date but then drops by the observation date, the payment at maturity may be significantly less than it would have been had the payment at maturity been linked to the value of the underlier prior to such drop. Although the actual value of the underlier on the stated maturity date or at other times during the term of the securities may be higher than the closing level of the underlier on the observation date, the payment at maturity will be based solely on the closing level of th

View Full Filing

View this 424B2 filing on SEC EDGAR