Preliminary Pricing Supplement No. 18,851
Registration Statement Nos. 333-293641; 333-293641-01
Dated September 17, 2026
Filed pursuant to Rule 424(b)(2)
Morgan Stanley Finance LLC
Structured Investments
Jump Securities with Auto-Callable Feature due June 29, 2028
Based on the Worst Performing... (continue reading...)
http://archive.fast-edgar.com/20260917/A8ZZJ222S222AJZ8222P2ZZZI8J8Z2LSZT82
Filed on: September 17, 2026
The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement and the accompanying prospectus and prospectus supplement do not constitute an offer to sell these Notes, and we are not soliciting an offer to buy these Notes in any state where the offer or sale is not permitted.
Subject to CompletionPreliminary Pricing Supplement dated... (continue reading...)
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