MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers Principal at Risk Callable Contingent Income Securities tied to the worst performing of the EURO STOXX 50®, IWN and IGV. Each security has a $1,000 stated principal amount and a contingent coupon of 11.30% per annum, payable only if each underlier meets its coupon barrier on observation dates. The securities may be called beginning on October 22, 2026

The securities mature on January 22, 2029 with a final observation date of January 17, 2029. At maturity investors receive principal only if the final level of each underlier is at or above its downside threshold (55% of initial level); otherwise the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, producing a proportional loss of principal. The pricing date and strike date are July 17, 2026, with an estimated value on the pricing date of approximately $975.90 per security. Payments are obligations of MSFL and fully guaranteed by Morgan Stanley and remain subject to Morgan Stanley credit risk. Additional terms, tax and risk disclosures appear in the product, index and tax supplements and the accompanying prospectus.

Morgan Stanley Finance LLC offers Principal at Risk Notes due August 27, 2027 linked to the worst performing of the Russell 2000® and S&P 500® indices. Each security has a $1,000 stated principal amount and a fixed $112 upside payment if both underliers finish at or above their 75% downside thresholds on the observation date (August 24, 2027). If either underlier finishes below its 75% threshold, the payment equals $1,000 multiplied by the worst performing underlier’s performance factor, and could be significantly less than principal or zero. Estimated value on the pricing date is approximately $990.50 per security; all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk securities linked to the worst performing of the Dow Jones Industrial, Nasdaq-100 and S&P 500. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities feature an automatic early redemption on the first determination date (July 27, 2027) for an early redemption payment of $1,186.50 if every underlier is at or above its call threshold. If not redeemed, maturity is July 27, 2029, with payout mechanics tied to the worst performing underlier, a 150% participation rate on upside, and 70% downside threshold levels. The estimated value on the pricing date was approximately $971.50 per security. All payments are subject to issuer and guarantor credit risk; investors may lose some or all principal.

Morgan Stanley Finance LLC issued a preliminary pricing supplement for principal-at-risk structured notes — Buffered Jump Securities with an auto-callable feature due July 31, 2031. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $905.90.

The notes reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. The call threshold is 100% of the initial level, the buffer level is 85% of the initial level (buffer amount 15%), and the minimum payment at maturity is 15% of stated principal. If not auto-redeemed, a final level at or above the call threshold yields a fixed payment of $1,945.00; below the buffer the payoff declines 1% per 1% drop beyond the buffer. Early redemption payments correspond to an approximate 18.90% per annum return on the specified determination dates. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and remain subject to the issuer’s credit risk.

Morgan Stanley Finance LLC priced contingent income auto-callable securities due July 21, 2031 linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. Each security has a stated principal amount of $1,000 and a contingent coupon of 7.85% per annum payable only if all three underliers meet their coupon barrier levels on observation dates. The securities may be automatically redeemed beginning with the first redemption determination date on July 19, 2027 if each underlier meets its call threshold. If not redeemed, maturity payoff returns principal only if each underlier is at or above its downside threshold (each set at 70% of initial level); otherwise investors lose in proportion to the worst performing underlier. Estimated pricing-date value was approximately $946.60 per security. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to credit risk.

Morgan Stanley Finance LLC issues structured, market-linked notes due January 13, 2028 that are fully and unconditionally guaranteed by Morgan Stanley. The notes are sold at a $1,000 stated principal amount per note and pay no interest.

Payments at maturity are linked to the worst performing of the Nasdaq-100 Index and the S&P 500 Index. The notes provide 100% participation in the upside of the worst performing underlier subject to a $1,114.50 maximum payment at maturity (111.45% of principal). If the final level of either underlier is equal to or below its initial level, investors receive the stated principal amount only. The estimated value on the pricing date is approximately $985.70 per note. All payments are subject to the issuer and guarantor credit risk; the notes will not be listed on an exchange and are sold to fee-based advisory accounts.

Morgan Stanley Finance LLC is offering callable, principal-at-risk Structured Investments (Callable Contingent Income Memory Securities) with a $1,000 stated principal amount per security, fully and unconditionally guaranteed by Morgan Stanley. The securities pay a contingent coupon at an annual rate of 16.50% only if both underlying ETFs meet coupon barrier levels on observation dates. An early redemption can occur beginning on July 16, 2027 if a risk neutral valuation model indicates calling is economically rational. If not called, at maturity on July 13, 2029 investors receive principal only if both final levels are at or above their downside thresholds; otherwise the maturity payment equals the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to potential loss of principal (including total loss). The underliers are the iShares Expanded Tech-Software ETF (IGV) and the VanEck Semiconductor ETF (SMH), with closing levels of $94.13 and $581.45 respectively on July 7, 2026. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Dual Directional Buffered PLUS notes linked to the S&P 500® Index with a stated principal amount of $1,000 per security. The securities pay no interest and mature on August 26, 2027. They provide: (1) a leveraged upside of 110% of index appreciation subject to a $1,075 maximum payment; (2) an absolute return participation feature if the final index level falls but remains at or above an 80% buffer level; and (3) a downside loss of principal for index declines below the buffer, with a minimum payment at maturity of 20% of principal. Payments depend solely on the index closing level on the observation date and are subject to issuer credit risk and calculation agent determinations. Pricing date and strike date are July 22, 2026, original issue date July 27, 2026, and observation date August 23, 2027 (subject to postponement).

Morgan Stanley Finance LLC offers Dual Directional Buffered PLUS notes linked to the common stock of Micron Technology, Inc. with a $1,000 stated principal amount per security. The notes mature on October 14, 2026, observe the underlier on October 8, 2026, and provide a 300% leverage factor on upside returns subject to a $1,230 maximum payoff (123% of principal). If the final level is between the initial level and the 15% buffer, investors receive a capped positive payment; if below the buffer, losses occur dollar-for-dollar beyond the buffer down to a 15% minimum payment. All payments are subject to the issuer’s and guarantor’s credit risk. Pricing date is July 10, 2026 with an estimated value on that date of approximately $980.40 per security.