The US issuer has delivered US$11.9 billion sales in its home market, forming 85% of last year’s record, despite extended slowdown in the third quarter.

Morgan Stanley closed the first nine months of the year in the second place after J.P. Morgan after booking US$11.9 billion in notional of registered structured notes in the US, SRP data shows. The volume represented 85% of last year’s at US$13.9 billion, a record annualised level for the bank. That was 9.4% lower than the prior-year period. While the street experienced an approximately 15% haircut in sales for Q2 2025 from the previous quarter mainly due to April’s market correcti