Morgan Stanley Finance LLC Files New Securities Prospectus

TL;DR

**Morgan Stanley Finance LLC is prepping a new securities offering.**

AI Summary

This 424B2 filing from Morgan Stanley Finance LLC, dated March 24, 2026, is a preliminary pricing supplement for a new security offering. It's part of a larger registration statement (File No. 333-275587-01) and indicates Morgan Stanley Finance LLC, a subsidiary of Morgan Stanley, is preparing to issue new financial products. This matters to investors because it signals potential future debt or structured product offerings, which can impact the company's capital structure and funding costs, ultimately affecting its profitability and stock valuation.

Why It Matters

This filing signals Morgan Stanley Finance LLC is preparing to issue new financial products, which could affect the parent company's funding and financial health.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but new security offerings can introduce market or credit risk depending on their terms.

Analyst Insight

Investors should monitor subsequent filings (like the final pricing supplement) to understand the specific terms, size, and type of securities being offered by Morgan Stanley Finance LLC, as this could impact the parent company's financial outlook.

Key Numbers

• 333-275587-01 — Registration Statement File No. (Identifies the overarching registration under which these securities will be offered.)
• 2026-03-24 — Filing Date (The date the preliminary pricing supplement was filed with 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 for Morgan Stanley Finance LLC
• 0000895421 (person) — CIK for Morgan Stanley
• 333-275587-01 (dollar_amount) — File number for the registration statement
• 2026-03-24 (dollar_amount) — Filing date

FAQ

Key Financial Figures

• $1,000 — an Stanley Stated principal amount: $1,000 per security Issue price: $1,000 pe
• $901.50 — ue on the pricing date: Approximately $901.50 per security, or within $51.50 of that
• $51.50 — imately $901.50 per security, or within $51.50 of that estimate. See "Estimated Value
• $1,862.50 — or equal to the call threshold level: $1,862.50 to $1,912.50 (to be determined on the p
• $1,912.50 — he call threshold level: $1,862.50 to $1,912.50 (to be determined on the pricing date)
• $1,172.50 — #1 April 13, 2027 April 16, 2027 $1,172.50 to $1,182.50 #2 May 10, 2027 May
• $1,182.50 — 3, 2027 April 16, 2027 $1,172.50 to $1,182.50 #2 May 10, 2027 May 13, 2027 $1
• $1,186.875 — 50 #2 May 10, 2027 May 13, 2027 $1,186.875 to $1,197.708 #3 June 10, 2027 Ju
• $1,197.708 — 10, 2027 May 13, 2027 $1,186.875 to $1,197.708 #3 June 10, 2027 June 15, 2027
• $1,201.25 — #3 June 10, 2027 June 15, 2027 $1,201.25 to $1,212.917 #4 July 12, 2027 Ju
• $1,212.917 — 10, 2027 June 15, 2027 $1,201.25 to $1,212.917 #4 July 12, 2027 July 15, 2027
• $1,215.625 — #4 July 12, 2027 July 15, 2027 $1,215.625 to $1,228.125 #5 August 10, 2027
• $1,228.125 — 2, 2027 July 15, 2027 $1,215.625 to $1,228.125 #5 August 10, 2027 August 13, 202
• $1,230.00 — 5 August 10, 2027 August 13, 2027 $1,230.00 to $1,243.333 #6 September 10, 2027
• $1,243.333 — , 2027 August 13, 2027 $1,230.00 to $1,243.333 #6 September 10, 2027 September 1

Filing Documents

• ms15113_424b2-10737.htm (424B2) — 384KB
• image1.gif (GRAPHIC) — 115KB
• 0001839882-26-016601.txt ( ) — 544KB

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, index 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 provide for only the minimum payment at maturity and do not pay interest. The terms of the securities differ from those of ordinary debt securities in that they provide for only the minimum payment at maturity and do not pay interest. If the securities have not been automatically redeemed prior to maturity and the final level is less than the buffer level, the payout at maturity will be an amount in cash that is 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 beyond the buffer amount. You could lose a significant portion of your initial investment in the securities. The appreciation potential of the securities is limited by the fixed early redemption payment or payment at maturity specified for each determination date. The appreciation potential of the securities is limited by the applicable fixed early redemption payment or payment at maturity, as applicable, payable only if the closing level of the underlier is greater than or equal to the call threshold level on the related determination date. In all cases, you will not participate in any appreciation of the underlier, which could be significant. The securities are subject to early redemption risk. The term of your investment in the securities may be shortened due to the automatic early redemption feature of the securities. If the securities are automatically redeemed prior to maturity, you will receive no further

View Full Filing

View this 424B2 filing on SEC EDGAR