Morgan Stanley (MS) Registration filing summary

Company overview and business model

• Operates as a global financial services firm with Institutional Securities, Wealth Management, and Investment Management segments, serving corporations, governments, financial institutions, and individuals worldwide.

• Offers a broad range of products including debt securities, units, warrants, purchase contracts, preferred stock, and common stock, both directly and through its wholly-owned finance subsidiary.

• Subsidiary MSFL issues senior debt securities, units, warrants, and purchase contracts, fully and unconditionally guaranteed by the parent.

Financial performance and metrics

• Financial statements for the fiscal year ended December 31, 2025, audited by Deloitte & Touche LLP, are incorporated by reference.

• As of January 31, 2026, 1,587,860,206 shares of common stock and multiple series of preferred stock are outstanding.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including additions to working capital, repurchase of outstanding common stock, and repayment of indebtedness.

• MSFL will lend proceeds from its offerings to the parent for similar uses.