Morgan Stanley B.V., the Amsterdam-based issuing subsidiary of Morgan Stanley, has notified the market of partial and full cancellations across seven structured note ISINs, with settlement dates falling on 11 and 12 November 2026. The notice, issued from Morgan Stanley & Co. International plc's Canary Wharf offices on 9 November 2026, covers two partial cancellations and five full cancellations. Investors holding any of the affected instruments should note the specific unwind amounts and outstanding balances disclosed in the announcement.

Key Points

  • Morgan Stanley B.V. (-71LF), the structured products issuing entity of the Morgan Stanley group
  • Seven ISINs subject to partial or full cancellation, with settlement on 11 and 12 November 2026
  • Five ISINs fully cancelled at 1,700,000.00 each; two ISINs partially cancelled with post-event outstanding amounts of 860,000.00 and 8,000.00 respectively
  • Investors should confirm their positions against the disclosed outstanding amounts and settlement dates

Partial Cancellations: ISINs XS2477728807 and XS3242875741 Unwound in November 2026

The announcement states that ISIN XS2477728807 has been partially cancelled with an unwind amount of 80,000.00, leaving a post-notification outstanding issuance amount of 860,000.00, with settlement scheduled for 12 November 2026. ISIN XS3242875741 has been partially cancelled with an unwind amount of 1,338,000.00, leaving a significantly reduced outstanding amount of just 8,000.00, settling on 11 November 2026. These partial cancellations reduce the notional outstanding on each instrument but do not extinguish the notes entirely, meaning holders of the residual amounts remain exposed to the ongoing terms of each respective structured note.

Five ISINs Fully Cancelled by Morgan Stanley B.V. With 1,700,000.00 Unwind Each

Separately, the announcement discloses full cancellations across five ISINs: XS3080841243, XS2877277470, XS3373213308, XS3211890754, and XS3211997633. Each carries an identical unwind amount of 1,700,000.00, and all five are scheduled to settle on 12 November 2026. Full cancellations indicate that the entire outstanding issuance amount on each of these instruments is being unwound by the issuer. No outstanding amounts are disclosed for these five ISINs following the notification event, consistent with a complete retirement of the notes rather than a partial reduction.

Role of Morgan Stanley B.V. as a Structured Note Issuer Under Morgan Stanley Group

Morgan Stanley B.V. functions as a special purpose issuing vehicle within the broader Morgan Stanley group, primarily used to issue structured financial products into European markets. The cancellation notices were distributed via Morgan Stanley & Co. International plc, located at 25 Cabot Square, Canary Wharf, London. Such cancellation events are routine lifecycle actions for structured notes and may arise from early redemption triggers, issuer calls, or investor-driven unwind requests. The announcement does not disclose the specific reason for the cancellations, nor does it provide information on the underlying assets or reference indices linked to the affected instruments.