Morgan Stanley Finance LLC Files 424B2 for New Securities Offering

TL;DR

**Morgan Stanley Finance LLC is gearing up to issue new securities to raise capital.**

AI Summary

Morgan Stanley Finance LLC, a subsidiary of Morgan Stanley, filed a 424B2 prospectus on March 24, 2026, for a new offering under their existing shelf registration (File No. 333-275587-01). This filing indicates that Morgan Stanley Finance LLC is preparing to issue new securities, likely debt instruments, to raise capital. For investors, this means Morgan Stanley is actively managing its funding and capital structure, which can impact its financial health and future profitability, potentially affecting the stock's long-term value.

Why It Matters

This filing signals Morgan Stanley Finance LLC's intent to raise capital, which could be used for general corporate purposes, refinancing existing debt, or funding new investments, all of which impact the parent company's financial stability and growth prospects.

Risk Assessment

Risk Level: medium — While a routine capital raise, the specific terms of the new securities (interest rates, maturity) are not yet detailed, which could introduce interest rate risk or impact future earnings.

Analyst Insight

Investors should monitor subsequent filings for the specific terms of the securities offered, such as interest rates and maturity dates, to assess the potential impact on Morgan Stanley's financial health and debt obligations.

Key Numbers

• 424B2 — Form Type (Indicates a prospectus for a new offering under an existing shelf registration)
• 0001839882-26-016700 — SEC Accession No. (Unique identifier for this specific filing)
• 333-275587-01 — File No. (Registration statement under which the securities will be offered by Morgan Stanley Finance LLC)
• 2026-03-24 — Filing Date (The date the prospectus 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 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
• 2026-03-24 (dollar_amount) — Filing date of the 424B2

Forward-Looking Statements

• Morgan Stanley Finance LLC will successfully issue new debt securities. (Morgan Stanley Finance LLC) — high confidence, target: Within 3 months of filing date
• The capital raised will be used for general corporate purposes or refinancing existing obligations. (Morgan Stanley Finance LLC) — medium confidence, target: N/A

FAQ

Key Financial Figures

• $962.40 — alue of the securities is approximately $962.40 per security, or within $35.00 of that
• $35.00 — imately $962.40 per security, or within $35.00 of that estimate. The estimated value o
• $1,000 — ) Proceeds to us (3) Per security $1,000 $23.25 $976.75 Total $ $ $
• $23.25 — eds to us (3) Per security $1,000 $23.25 $976.75 Total $ $ $ (1) Wel
• $976.75 — (3) Per security $1,000 $23.25 $976.75 Total $ $ $ (1) Wells Fargo S
• $17.50 — y receive a selling concession of up to $17.50 per security, and WFA may receive a dis
• $0.75 — y receive a distribution expense fee of $0.75 for each security sold by WFA. See "Sup
• $2.00 — his offering, we may pay a fee of up to $2.00 per security to selected securities dea
• $962 — the pricing date will be approximately $962.40, or within $35.00 of that estimate.
• $14.208 — coupon rate of 17.05% (corresponding to $14.208 per month per security**). Hypothetic
• $100.00 — rice: With respect to the AVGO Stock: $100.00 With respect to the NVDA Stock: $100.
• $60 — rice: With respect to the AVGO Stock: $60.00, which is 60% of its hypothetical st
• $50 — rice: With respect to the AVGO Stock: $50.00, which is 50% of its hypothetical st
• $125.00 — ity) Hypothetical Calculation Day 1 $125.00 ( at or above the coupon threshold pric
• $135.00 — or above the coupon threshold price) $135.00 ( at or above the coupon threshold pric

Filing Documents

• ms15151_424b2-10774.htm (424B2) — 311KB
• image1.gif (GRAPHIC) — 16KB
• image2.gif (GRAPHIC) — 20KB
• image3.gif (GRAPHIC) — 87KB
• image4.gif (GRAPHIC) — 92KB
• image5.gif (GRAPHIC) — 87KB
• 0001839882-26-016700.txt ( ) — 729KB

From the Filing

PRICING SUPPLEMENT NO. 15,151 April 2026 Preliminary Pricing Supplement No. 15,151 Registration Statement Nos. 333-275587; 333-275587-01 Dated March 24, 2026 Filed pursuant to Rule 424(b)(2) M organ S tanley F inance LLC Structured Investments Opportunities in U.S. Equities Market Linked Securities— Auto-Callable with Contingent Coupon and Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the Common Stock of Broadcom Inc. and the Common Stock of NVIDIA Corporation due April 11, 2028 Fully and Unconditionally Guaranteed by Morgan Stanley Linked to the lowest performing of the common stock of Broadcom Inc. and the common stock of NVIDIA Corporation (each referred to as an "underlying stock") The securities offered are unsecured obligations of Morgan Stanley Finance LLC ("MSFL") and are fully and unconditionally guaranteed by Morgan Stanley. Unlike ordinary debt securities, the securities do not guarantee the payment of interest, do not guarantee the repayment of principal and are subject to potential automatic call prior to the maturity date upon the terms described below. The securities have the terms described in the accompanying product supplement for principal at risk securities and prospectus, as supplemented or modified by this document. Contingent Coupon. The securities will pay a contingent coupon on a monthly basis until the earlier of the maturity date or automatic call if, and only if, the stock closing price of the lowest performing underlying stock on the calculation day for that month is greater than or equal to its coupon threshold price. However, if the stock closing price of the lowest performing underlying stock on a calculation day is less than its coupon threshold price, you will not receive any contingent coupon for the relevant month. If the stock closing price of the lowest performing underlying stock is less than its coupon threshold price on every calculation day, you will not receive any contingent coupons throughout the entire term of the securities. The coupon threshold price for each underlying stock is equal to 60% of its starting price. The contingent coupon rate will be determined on the pricing date and will be at least 17.05% per annum . Automatic Call. Beginning after six months, the securities will be automatically called if the stock closing price of each underlying stock on any of the calculation days (other than the final calculation day) is greater than or equal to its respective starting price for a cash payment equal to the face amount plus a final contingent coupon payment. No further payments will be made on the securities once they have been called. Potential Loss of Principal. If the securities are not automatically called, you will receive the face amount at maturity if, and only if, the stock closing price of each underlying stock on the final calculation day is greater than or equal to its respective downside threshold price. If the stock closing price of either underlying stock on the final calculation day is less than its respective downside threshold price, investors will be fully exposed to the decline in the lowest performing underlying stock on a 1-to-1 basis, and will receive a maturity payment amount that is less than 50% of the face amount of the securities and could be zero. Accordingly, investors in the securities must be willing to accept the risk of losing their entire initial investment and also the risk of not receiving any contingent coupon payments throughout the entire term of the securities. Because all payments on the securities are based on the lowest performing underlying stock, a decline beyond the respective coupon threshold price or respective downside threshold price of either underlying stock will result in no contingent coupon payments or a significant loss of your investment, as applicable, even if the other underlying stock has appreciated or has not declined as much. The securities are for investors who are willing to risk their principal based on the lowest performing of two underlying stocks and who seek an opportunity to earn interest at a potentially above-market rate in exchange for the risk of receiving no contingent coupon payments over the entire term of the securities. Investors will not participate in any appreciation of either underlying stock. The securities are notes issued as part of MSFL's Series A Global Medium-Term Notes program. All payments are subject to our credit risk. If we default on our obligations, you could lose some or all of your investment. These securities are not secured obligations and you will not have any security interest in, or otherwise have any access to, either of the underlying stocks. The current estimated value of the securities is approximately $962.40 per security, or within $35.00 of that estimate. The estimated value of the securities is determined using our own pricing and valuation models, market inputs

View Full Filing

View this 424B2 filing on SEC EDGAR