MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Structured Investments — Enhanced Buffered Jump Securities linked to the Nasdaq-100 Index® due July 20, 2027. The notes have a $1,000 stated principal amount, $109 fixed upside payment at maturity if the final level is at or above the 85% buffer level, and a downside factor of 1.1765 for losses beyond a 15% buffer. Payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments remain subject to Morgan Stanley's credit risk.

The offering's aggregate principal is $500,000, the issue price is $1,000 per security, estimated value on the pricing date was $985. Secondary market liquidity may be limited and there is no minimum payment at maturity.

Morgan Stanley Finance LLC priced a structured, market-linked note offering: $200,000 aggregate principal of notes due July 10, 2031 that are fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and an original issue price of $1,000.

The notes pay no interest and provide a contingent payoff at maturity based on the performance of a 10-stock basket. If the final level exceeds the initial level, investors receive principal plus an upside payment equal to the stated principal amount multiplied by a 112% participation rate times the underlier percent change; otherwise investors receive only the stated principal amount. The pricing and observation dates are July 6, 2026 and July 7, 2031, respectively.

Morgan Stanley Finance LLC priced $1,890,000 of Principal-at-Risk securities linked to Micron Technology, Inc. The securities have a stated principal amount of $1,000 per security and mature on July 20, 2027, fully and unconditionally guaranteed by Morgan Stanley. Payment at maturity depends on the final level (arithmetic average on specified final averaging dates). If the final level is greater than or equal to the buffer level (60% of the initial level), each security pays the stated principal plus an $380.30 upside payment (a 38.03% return). If the final level is below the buffer level, investors lose 1.6667% of principal for every 1% decline beyond the 40% buffer; there is no minimum payment and investors could lose their entire investment. The initial estimated value on the pricing date was $975.80 per security; the issue price was $1,000 per security with agent fees of $10 per security.

Morgan Stanley Finance LLC is offering Principal-at-Risk securities linked to NVIDIA Corporation common stock with a stated principal of $1,000 per security and an aggregate principal amount of $837,000. The notes pay a contingent coupon at an annual rate of 7.50% only if the underlier meets the coupon barrier on observation dates and may be automatically redeemed early if the underlier meets the call threshold on specified redemption determination dates. At maturity, if not redeemed early, investors receive principal only if the final level is at or above the buffer level of $136.885 (70% of the initial level); otherwise, losses apply beyond the 30% buffer, subject to a minimum payment of 30% of principal. All payments are subject to the issuer's and guarantor's credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk securities due July 11, 2029 linked to the worst performing of the Dow Jones Industrial, Nasdaq-100 and Russell 2000 indices. The securities have a $1,000 stated principal amount and an issue price of $1,000 per security; the estimated value on the pricing date was $989.10.

The notes pay a contingent coupon at an annual rate of 12.30% only if the closing level of each underlier is at or above its coupon barrier (set at 70% of the initial level) on each observation date. If any underlier is below its downside threshold (also 70% of initial level) at maturity, investors lose principal proportional to the worst performing underlier. The issuer may redeem early on scheduled redemption dates if a risk neutral valuation model indicates redemption is economically rational.

Morgan Stanley Finance LLC offers Principal-at-Risk market-linked securities due July 11, 2029 with a face amount of $1,000 per security. The offering’s total price to public is $1,125,000 and the estimated value per security on the pricing date is $963.40. The securities are auto-callable on July 9, 2027 for a call payment of $1,180 (an 18.00% call premium). If not called, maturity payoffs depend on the lowest-performing underlying (Nasdaq-100, S&P 500, Dow Jones Industrial) with a 150% participation rate in positive performance and a 75% threshold (losses greater than 25% are possible). Payments are fully subject to issuer credit risk and complex features and tax treatment are described in the accompanying supplements.

Morgan Stanley Finance LLC is offering Principal at Risk securities (stated principal $1,000 per security) due July 11, 2030, fully and unconditionally guaranteed by Morgan Stanley. The securities pay a contingent coupon of 10.25% per annum on each coupon payment date only if the closing level of each of three underliers is at or above its coupon barrier on the related observation date. The underliers are the Nasdaq-100® Technology Sector Index (NDXT), the Dow Jones Industrial Average (INDU) and the Russell 2000® Index (RTY).

If, at maturity, the final level of every underlier is at or above its downside threshold (each set at 70% of its initial level), investors receive the stated principal; otherwise the maturity payment equals the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to loss of principal, potentially down to zero. The offering aggregates $585,000; the estimated value on the pricing date was $989.10.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to the common stock of Micron Technology, Inc. The offering totals $6,515,000 in aggregate principal, with a stated principal amount of $1,000 per security and an original issue price of $1,000 per security. Each security pays no interest and at maturity will either return the stated principal plus a fixed $444.90 upside payment if the final level is at or above the downside threshold, or pay an amount equal to the stated principal multiplied by the final/initial level if the final level is below the downside threshold (initial level $975.56, downside threshold $487.78). The securities are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments are subject to issuer credit risk. The estimated value on the pricing date was $974.10 per security; commissions and fees reduce proceeds to the issuer as disclosed.

Morgan Stanley Finance LLC is offering principal-at-risk structured notes linked to the Invesco QQQ Trust, Series 1, due August 3, 2029. Each security has a $1,000 stated principal amount and does not pay interest. The securities provide a 10% buffer: if the final level on the observation date is at or above 90% of the initial level, investors receive the stated principal; above the initial level investors participate 100% in upside subject to a $1,510 maximum payment at maturity. If the final level is below the buffer, investors incur losses equal to the underlier’s decline beyond the buffer, with a minimum payment of 10% of principal. Payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; all payments are subject to Morgan Stanley’s credit risk. Pricing and estimated value (approximately $950.80 on the pricing date) are model-driven and include issuing, structuring and hedging costs borne by purchasers.