MS-PA SEC Filings

Morgan Stanley Finance LLC priced a preliminary offering of auto-callable, principal-at-risk notes due July 3, 2031, linked to the worst performing of the Nasdaq-100 Index and the Nasdaq-100 Technology Sector. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $942.70.

The notes pay no interest, can be automatically redeemed on scheduled determination dates beginning July 6, 2027, and offer fixed early redemption payments (ranging from $1,096 to $1,432). Call thresholds are 95% of initial levels and downside thresholds are 80%. If the worst performing underlier falls below its downside threshold, investors incur losses proportionate to that decline; credit risk of Morgan Stanley (and MSFL) applies to all payments.

Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due June 22, 2029, linked to Super Micro Computer, Inc. common stock. Each security has a stated principal amount of $1,000 and pays a contingent quarterly coupon at an annual rate of 33.58% when the determination closing price is at or above the downside threshold (50% of the initial share price). The securities may be automatically redeemed early if the underlying stock closes at or above the initial share price on any of the first eleven determination dates; otherwise, at maturity investors either receive principal plus any payable contingent coupons if the final share price is at or above the downside threshold, or a payment equal to the stated principal multiplied by the share performance factor if the final share price is below the downside threshold, exposing investors to 1-to-1 downside (potentially losing all principal). The issue price is $1,000 per security and the estimated value on the pricing date is approximately $965.70. All payments are subject to MSFL credit risk and the securities are fully and unconditionally guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC priced Principal-at-Risk auto-callable securities linked to International Business Machines Corporation stock with a stated principal amount of $1,000 per security. The securities pay a contingent coupon at an annual rate of 10.90% on observation dates when the closing level meets or exceeds the coupon barrier of $163.416 (60% of the initial level). Automatic early redemption is possible on specified redemption determination dates beginning December 10, 2026, if the closing level is at or above the call threshold of $272.36 (100% of the initial level). If not redeemed, maturity is July 15, 2027, with payment at maturity equal to principal if the final level is at or above the downside threshold ($163.416) or equal to the stated principal multiplied by the performance factor (final level / initial level) if below, exposing investors to full principal loss.

Morgan Stanley Finance LLC priced $16,336,000 of Digital Basket‑Linked Notes due July 14, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes reference an equally weighted basket of the Tokyo Stock Price Index (TPX) and the iShares MSCI South Korea ETF (EWY), with a Trade Date of June 10, 2026 and an Original Issue Date of June 15, 2026.

Each $1,000 Face Amount pays at maturity either the Threshold Settlement Amount of $1,185.40 if the Final Basket Level ≥ 80.00% of the Initial Basket Level, or otherwise a reduced cash amount determined by the Buffer Rate (125%) and the Basket Return, which can result in a loss of some or all principal. Estimated value on the Trade Date was $976.10 per note; all payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced a contingent-income, memory buffered auto-callable note offering. The issue totals $1,261,000 in aggregate principal at a $1,000 stated principal amount per security with an original issue date of May 27, 2026 and maturity on May 27, 2031. Each security carries a contingent coupon at an annual rate of 12.00%, paid only when the underlier meets the coupon barrier on observation dates.

The underlier is the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index (initial level 1,445.64 as of May 21, 2026). Payments include an automatic early redemption if the index equals or exceeds the call threshold (1,445.64) on specified redemption determination dates, and a buffer feature that protects the first 15% of index decline (buffer level 1,228.794), with a minimum payment at maturity of 15% of principal. Estimated value on the pricing date was $903.30 per security; agent commissions were $42.50 per security.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to the common stock of Netflix, Inc. The issue totals $1,905,000 aggregate at a stated principal amount of $1,000 per security and matures on May 28, 2027.

The securities pay a contingent coupon at an annual rate of 15.00% on each coupon payment date only if the closing level of the underlier meets or exceeds the coupon barrier of $66.068 on the related observation date. Automatic early redemption may occur on specified redemption determination dates if the closing level meets or exceeds the call threshold of $88.09. At maturity, if the final level is below the downside threshold of $66.068, principal is reduced proportionally (performance factor = final level / initial level).

Morgan Stanley Finance LLC priced Buffered Participation Securities linked to the S&P 500® Index. The securities have a $1,000 stated principal amount and an aggregate offering of $2,233,000. They mature on June 24, 2027 with an observation date of June 21, 2027. If the final level is above the initial level, investors receive 100% participation in the upside subject to a $1,168 maximum payment per security. A 10% buffer protects against initial losses; declines beyond the buffer reduce principal dollar-for-dollar, and the minimum payment at maturity is 10% of principal. The securities pay no interest, are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; all payments are subject to issuer credit risk. The estimated value on the pricing date was $991.60 per security and the issue price was $1,000.

Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities linked to the VanEck® Semiconductor ETF with a maturity of June 1, 2029. Each security has a face amount of $1,000 and provides 100% participation in positive fund performance up to a capped maximum return (at least $774.00, or 77.40% of face). The securities include a 25% buffer against declines (threshold equal to 75% of the starting price); if the ending price is below that threshold, holders absorb losses on a 1-to-1 basis beyond the buffer, up to 75% of the face amount. The pricing date is May 29, 2026, the estimated value on the pricing date is $958.20 per security, and the original issue date is June 3, 2026.

Morgan Stanley Finance LLC offers Principal at Risk structured notes due June 20, 2031 that are fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $925. The notes pay a contingent coupon (annual rate determined on the pricing date, indicated between 12.75%–13.75%) only if the underlier meets the coupon barrier on observation dates and include an automatic early redemption feature if the underlier equals or exceeds the call threshold on redemption determination dates. At maturity investors receive principal if the final level is at or above the downside threshold (both coupon barrier and downside threshold are 60% of the initial level); if below that level the payment equals the stated principal multiplied by the performance factor (final level/initial level), which can result in substantial loss or zero. The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, which applies a 4% per annum daily decrement and uses intraday volatility-targeting rules. All payments are subject to Morgan Stanley’s credit risk.