Morgan Stanley Finance LLC Files 424B2 for New Securities Offering

TL;DR

**MS is prepping a new securities offering, watch for details.**

AI Summary

Morgan Stanley Finance LLC filed a 424B2 prospectus on March 24, 2026, detailing a preliminary term sheet (No. 15,148) for an unspecified offering. This filing is a routine update for a previously registered securities offering under File No. 333-275587-01, indicating that Morgan Stanley Finance LLC is preparing to issue new securities. For investors, this means Morgan Stanley is actively managing its capital structure, potentially raising funds for operations or investments, which could impact future earnings and stock performance depending on the terms of the offering.

Why It Matters

This filing signals Morgan Stanley Finance LLC's intent to issue new securities, which could dilute existing shares or increase debt, impacting the company's financial leverage and future profitability.

Risk Assessment

Risk Level: low — This 424B2 filing is a standard procedural document for a securities offering and does not inherently present a high risk, though the terms of the actual offering could.

Analyst Insight

Investors should monitor subsequent filings or press releases from Morgan Stanley Finance LLC for the full terms of the securities offering, as these details will determine the potential impact on the company's financials and stock value.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed and accepted by the SEC.)
• 15,148 — Preliminary Term Sheet No. (Identifier for the specific terms of the securities being offered.)
• 333-275587-01 — File No. (The registration statement under which Morgan Stanley Finance LLC is offering securities.)

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) — CIK for Morgan Stanley Finance LLC
• 0000895421 (person) — CIK for Morgan Stanley
• March 24, 2026 (date) — Filing and Acceptance Date
• 15,148 (dollar_amount) — Preliminary Term Sheet Number
• 333-275587-01 (person) — File Number for Morgan Stanley Finance LLC's registration statement
• 333-275587 (person) — File Number for Morgan Stanley's registration statement

FAQ

Key Financial Figures

• $10 — ent dated September 23, 2024 ) Units $10 principal amount per unit CUSIP No. 61
• $12.50 — Date Automatic call of the notes at [$12.50 to $12.90] if the common stock of Oracl
• $12.90 — tomatic call of the notes at [$12.50 to $12.90] if the common stock of Oracle Corporat
• $9.589 — s of the pricing date is expected to be $9.589 per unit, or within $0.25 of that estim
• $0.25 — pected to be $9.589 per unit, or within $0.25 of that estimate, which is less than th
• $0.125 — discount reflects a sales commission of $0.125 per note and a structuring fee of $0.05
• $0.05 — 0.125 per note and a structuring fee of $0.05 per note. (2) See "Use of proceeds an
• $10.00 — Morgan Stanley Principal Amount: $10.00 per unit Term: 2 years, if not call
• $2.50 — on the pricing date. Call Premium: [$2.50 - $2.90], representing a Call Premium o
• $2.90 — ricing date. Call Premium: [$2.50 - $2.90], representing a Call Premium of [25.00
• $0.175 — Charges: The underwriting discount of $0.175 per unit listed on the cover page. Ca
• $0.000 — Return on the Notes 0.00 -100.00% $0.000 -100.00% 50.00 -50.00% $5.000
• $5.000 — $0.000 -100.00% 50.00 -50.00% $5.000 -50.00% 59.00 -41.00% $5.900
• $5.900 — $5.000 -50.00% 59.00 -41.00% $5.900 -41.00% 60.00 (1) -40.00% $14.0
• $14.000 — 5.900 -41.00% 60.00 (1) -40.00% $14.000 40.00% 75.00 -25.00% $12.500

Filing Documents

• ms15148_424b2-10733.htm (424B2) — 282KB
• image1.gif (GRAPHIC) — 3KB
• image2.gif (GRAPHIC) — 2KB
• image3.gif (GRAPHIC) — 1KB
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• image6.gif (GRAPHIC) — 12KB
• image7.gif (GRAPHIC) — 19KB
• image8.gif (GRAPHIC) — 34KB
• image9.gif (GRAPHIC) — 1KB
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• image12.gif (GRAPHIC) — 98KB
• 0001839882-26-016650.txt ( ) — 522KB

Risk Factors

Risk Factors This section describes the material risks relating to the notes. For further discussion of these and other risks, you should read the section entitled "Risk Factors" in the accompanying product supplement and prospectus. You should also consult your investment, legal, tax, accounting and other advisers in connection with your investment in the notes. Structure-related Risks Your investment may result in a loss . There is no fixed principal repayment amount on the notes at maturity. If the notes are not called, you may lose up to 100% of the principal amount, depending on the negative performance of the Market Measure as measured from the Starting Value to the Ending Value. If the notes are automatically called prior to maturity, your investment return will be limited to the return represented by the Call Premium and may be less than a comparable investment directly in the Market Measure . If, on the Call Observation Date, the Observation Value is greater than or equal to the Call Value, we will automatically call the notes. If the notes are automatically called, your return will be limited to the Call Premium, regardless of the extent of the increase in the value of the Market Measure. You will not participate in any positive performance of the Market Measure, which may be significant, and will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to the Market Measure. Your potential for a positive return based on the depreciation of the Market Measure is limited. The benefit of the absolute value return feature applies only if the notes are not called and the Ending Value is less than the Starting Value but greater than or equal to the Threshold Value. Because the Threshold Value is 60% of the Starting Value, any positive return due to the depreciation of the Market Measure will be limited to 40%. Any decline in the Ending Value from the Starting Value by more than 40% will result in a

View Full Filing

View this 424B2 filing on SEC EDGAR