Morgan Stanley Finance LLC Files New Securities Prospectus

TL;DR

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

AI Summary

Morgan Stanley Finance LLC filed a 424B2 prospectus on March 24, 2026, for a new offering under File No. 333-275587-01. This filing, specifically 'PRELIMINARY PRICING SUPPLEMENT NO. 15,119', indicates that Morgan Stanley Finance LLC is preparing to issue new securities. For investors, this means the company is likely raising capital, which could be used for various corporate purposes, potentially impacting future growth or debt levels.

Why It Matters

This filing signals Morgan Stanley Finance LLC's intent to issue new securities, which could dilute existing shareholders or increase the company's debt, but also provides capital for operations or investments.

Risk Assessment

Risk Level: medium — The filing itself is procedural, but the underlying offering could introduce market risk depending on the terms and use of proceeds.

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 will determine the impact on the company's capital structure and potential dilution.

Key Numbers

• 15,119 — Preliminary Pricing Supplement Number (Identifies the specific offering document within the filing.)
• 333-275587-01 — SEC File Number (Unique identifier for Morgan Stanley Finance LLC's registration statement.)

Key Players & Entities

• Morgan Stanley Finance LLC (company) — Filer of the 424B2 prospectus
• Morgan Stanley (company) — Parent company, also listed as a Filer
• 0001666268 (person|company|dollar_amount) — CIK for Morgan Stanley Finance LLC
• 0000895421 (person|company|dollar_amount) — CIK for Morgan Stanley
• 333-275587-01 (person|company|dollar_amount) — File Number for Morgan Stanley Finance LLC's offering
• 2026-03-24 (person|company|dollar_amount) — Filing Date

FAQ

Key Financial Figures

• $1,000 — an Stanley Stated principal amount: $1,000 per security Issue price: $1,000 pe
• $110.45 — mmon stock (the "APO Stock") 25.00% $110.45 0.226346763 Blackstone Inc. common
• $109.35 — ommon stock (the "BX Stock") 25.00% $109.35 0.228623685 Ares Management Corpora
• $107.12 — mon stock (the "ARES Stock") 25.00% $107.12 0.233383122 KKR & Co. Inc. common s
• $90.84 — mmon stock (the "KKR Stock") 25.00% $90.84 0.275209159 *"Multiplier" has the m
• $972.30 — ue on the pricing date: Approximately $972.30 per security, or within $25.00 of that
• $25.00 — imately $972.30 per security, or within $25.00 of that estimate. See "Estimated Value
• $15 — eds to us (2) Per security $1,000 $15 $985 Total $ $ $ (1) J.P. M
• $985 — us (2) Per security $1,000 $15 $985 Total $ $ $ (1) J.P. Morgan S
• $1,242.50 — ial level Early redemption payment: $1,242.50 per security Early redemption date:
• $485 — r—Multiplier" above Upside payment: $485 per security Participation rate: 15
• $900.00 — ,000 + the greater of (i) $485 and (ii) $900.00 = $1,900 Example #2 105.00 ( grea
• $1,900 — reater of (i) $485 and (ii) $900.00 = $1,900 Example #2 105.00 ( greater than or
• $75.00 — ,000 + the greater of (i) $485 and (ii) $75.00 = $1,485 Example #3 90.00 ( less
• $1,485 — greater of (i) $485 and (ii) $75.00 = $1,485 Example #3 90.00 ( less than the in

Filing Documents

• ms15119_424b2-10749.htm (424B2) — 253KB
• image1.gif (GRAPHIC) — 92KB
• image2.gif (GRAPHIC) — 100KB
• image3.gif (GRAPHIC) — 96KB
• image4.gif (GRAPHIC) — 91KB
• image5.gif (GRAPHIC) — 101KB
• jpm_logo.jpg (GRAPHIC) — 5KB
• 0001839882-26-016605.txt ( ) — 921KB

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 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, and may be significantly less, than the stated principal amount of each security, and you will lose an amount proportionate to the decline in the level of the underlier beyond the specified buffer amount multiplied by the downside factor. There is no minimum payment at maturity on the securities, and, accordingly, you could lose your entire initial investment in the securities. If the securities are automatically redeemed prior to maturity, the appreciation potential of the securities is limited by the fixed early redemption payment specified for the first determination date. If the closing level of the underlier is greater than or equal to the call threshold level on the first determination date, the appreciation potential of the securities is limited by the fixed early redemption payment, and no further payments will be made on the securities once they have been redeemed. If the securities are automatically redeemed prior to maturity, you will not participate in any appreciation of the underlier, which could be significant. The fixed early redemption payment may be less than the payment at maturity you wou

View Full Filing

View this 424B2 filing on SEC EDGAR