MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a preliminary offering of Structured Investments — Buffered Jump Securities due July 20, 2029, fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and an original issue price of $1,000 per security; the estimated value on the pricing date is approximately $967.80 per security.

The notes pay no regular interest, include an automatic early‑redemption feature tied to the basket underlier (call threshold 100), and offer fixed early redemption payments of $1,120 (first call) and $1,240 (second call). At maturity investors receive either principal plus the greater of an $80 upside payment or participation (participation rate 100%) of underlier appreciation, full principal if the final level is at or above the buffer level (90%), or a reduced payment reflecting losses beyond the 10% buffer (minimum payment at maturity 10% of principal).

Morgan Stanley Finance LLC is offering principal-at-risk, callable contingent income memory-buffered securities linked to the worst performing of the Dow Jones Industrial, Nasdaq-100® Equal Weighted and the Russell 2000 Futures Excess Return indices. Each security has a stated principal amount of $1,000, a contingent coupon rate of 10.00% per annum, a 25% buffer and a downside factor of 1.3333. The securities pay coupons only if all three underliers are at or above their coupon barrier levels on observation dates, may be called early based on a risk neutral valuation model, and at maturity repay principal only if the final level of each underlier is at or above its buffer level; otherwise investors suffer leveraged losses tied to the worst performing underlier. All payments are subject to the issuer’s and guarantor’s credit risk.

The Pricing Supplement describes Principal at Risk Contingent Income Memory Securities issued by Morgan Stanley Finance LLC and fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The securities pay a contingent coupon at an annual rate of 16.95% only if the closing level of each underlying stock meets or exceeds its coupon barrier on each observation date. At maturity on July 31, 2029, if every underlier is at or above its downside threshold (each set at 50% of its initial level), investors receive the stated principal; otherwise the maturity payment equals $1,000 multiplied by the performance factor of the worst performing underlier, which can result in a significant loss of principal, possibly to zero.

The securities reference three underliers: NextEra Energy (NEE), Netflix (NFLX) and Palantir (PLTR). The estimated value on the pricing date is approximately $962.70 per security. All payments are subject to Morgan Stanley credit risk; secondary market liquidity may be limited and fees and structuring costs are included in the issue price.

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due September 3, 2027 that are fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest, return a fixed $98 upside payment if the worst performing underlier is at or above its downside threshold, and otherwise return an amount tied to the percentage performance of the worst performing underlier (which could result in a total loss of principal). The notes reference the Russell 2000® Index and the S&P 500® Index, use a 70% downside threshold, have a strike/ pricing date of July 31, 2026, an observation date of August 31, 2027, and mature on September 3, 2027. All payments are subject to Morgan Stanley’s credit risk; estimated value on the pricing date is approximately $989.50 per security.

Morgan Stanley Finance LLC is offering structured, contingent-income auto-callable notes due July 31, 2031 with a stated principal amount of $1,000 per note. The notes pay a contingent coupon of 10.25% per annum on each coupon payment date only if the closing level of each underlying stock is at or above its coupon barrier (80% of initial level) on the related observation date. The notes are linked to the worst-performing of four underliers (ARM ADS, Marvell, Oracle, Palantir) and are subject to automatic early redemption if on any redemption determination date each underlier is at or above its call threshold (85% of initial level). Estimated value on the pricing date is approximately $934.20 per note. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC is offering Structured Investments Step-Down Jump Securities with an Auto-Callable feature, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued in $1,000 denominations with an original issue price of $1,000 per security and an estimated value on the pricing date of approximately $942.10 per security. The securities reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, have a strike/pricing date of July 10, 2026, an original issue date of July 15, 2026 and a maturity date of July 15, 2031.

Automatic early redemption may occur on scheduled determination dates beginning July 19, 2027 if the closing level of the underlier meets or exceeds the applicable call threshold; early redemption payments are fixed per schedule (for example, $1,176.00 per security on the first determination/early redemption date in the illustrative schedule). If not redeemed, payment at maturity is either a fixed positive amount (illustratively $1,880.00 if the final level is at or above the downside threshold) or a principal-linked payment equal to the stated principal multiplied by the performance factor (final level/initial level), which could result in losses equal to the underlier’s decline (the downside threshold is 60% of the initial level). All payments are subject to MSFL's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC offers contingent income buffered auto-callable notes due July 25, 2029. These notes, fully and unconditionally guaranteed by Morgan Stanley, are principal‑at‑risk securities linked to the worst performing of the EURO STOXX 50, the S&P 500 Equal Weight Index and the State Street Utilities Select Sector SPDR ETF (XLU).

The notes have a stated principal amount of $1,000 per security, an annual contingent coupon of 7.60% payable only when all three underliers are at or above their coupon barrier levels on observation dates, an automatic early‑redemption feature beginning with a first redemption determination date of January 20, 2027, a buffer amount of 15% and a minimum payment at maturity of 15% of principal. If the final level of the worst performing underlier is below its buffer level, the payment at maturity equals principal × (performance factor of the worst performing underlier + buffer amount), exposing investors to losses beyond the buffer. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering principal‑at‑risk, auto‑callable securities linked to the S&P 500® Index with a stated principal amount of $1,000 per security. The securities may automatically redeem on specific determination dates beginning July 23, 2027, with fixed early redemption payments shown for each date. If not called, investors receive $1,573.00 at maturity when the final level is at or above the call threshold; if the final level is below the threshold, payment equals $1,000 × (final level / initial level), exposing investors to full downside and possible loss of principal. All payments are subject to Morgan Stanley's credit risk. Estimated value on the pricing date is approximately $979.80 per security.

Morgan Stanley Finance LLC priced structured, principal-at-risk notes with automatic early redemption and a final maturity of July 22, 2031. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $955.60. The notes reference the S&P 500 Futures 40% Intraday 4% Decrement VT Index, include a 4% per annum decrement to the index level, a call threshold equal to 90% of the initial level and a downside threshold equal to 60% of the initial level. Automatic early redemption can occur on scheduled determination dates beginning January 19, 2027, with fixed early redemption payments shown in the pricing table. If not called and the final level is at or above the call threshold, maturity pays $2,025.00 per security; if between thresholds, the principal is returned; if below the downside threshold, investors lose in proportion to the index decline. All payments are unsecured and subject to Morgan Stanley and MSFL credit risk.