November 2026
Preliminary Pricing Supplement No. 19,787
Registration Statement Nos. 333-293641; 333-293641-01
Dated November 2, 2026
Filed pursuant to Rule 424(b)(2)
Morgan Stanley Finance LLC
Structured Investments
Opportunities in U.S. Equities
Market Linked... (continue reading...)
The information in this preliminary pricing supplement is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This preliminary pricing supplement and the accompanying prospectus supplement and prospectus are not an offer to sell these securities, nor are they soliciting an offer to buy these securities, in any state where the offer or sale is not... (continue reading...)
Total Performance October 2026 -0.29% YTD Return -0.27% 1Y Return 0.06% 3Y Return 13.98% 5Y Return 1.55% 10Y Return+ 22.59% Annualized Return+ 3.72% Annualized Volatility* + 7.19% Index Information Index Owner HSBC Bank plc Currency USD Volatility Target 5% Bloomberg Ticker HSIEV5UE Index Composition Up to 13 ETFs plus Cash Calculation Agent/ Index Administrator S&P Dow Jones Indices LLC Website vantage5.hsbcnet.com HSBC Vantage5® Index Monthly Performance Report –... (continue reading...)
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