MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities linked to the Roundhill Memory ETF (DRAM) with a stated principal amount of $1,000 per security. The securities mature on July 23, 2027 and pay a fixed upside payment of $433.50 (43.35%) if the final level is at or above a buffer level set at 65% of the initial level. If the final level is below the buffer level, investors lose 1.5385% of principal for each 1% decline beyond the 35% buffer; there is no minimum payment and investors could lose their entire investment. The initial level (closing) was $60.59 on the strike date; the buffer level is stated as $39.384. The issue price is $1,000 and the estimated value on the pricing date is approximately $980.20. All payments are subject to the issuer’s and guarantor’s credit risk, and these securities do not pay interest.

Morgan Stanley Finance LLC is offering Principal at Risk auto-callable notes due July 22, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities have a stated principal amount of $1,000 per security, a contingent coupon at an annual rate of 7.70%, automatic early redemption if all three underliers meet a 100% call threshold on a redemption determination date, and payoff at maturity tied to the worst performing of the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices. Coupon and principal protections are conditional: coupon payments occur only if each underlier is at or above its coupon barrier (set at 70% of initial level) on observation dates; at maturity investors receive principal only if each underlier is at or above its downside threshold (also 70% of initial level), otherwise payment equals the stated principal multiplied by the worst-performing underlier's performance factor and could be significantly less or zero. All payments are subject to the issuer's and guarantor's credit risk. The document discloses an estimated value of approximately $943.50 per security on the pricing date and that the original issue price is $1,000, which includes issuance and hedging costs borne by investors.

Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities linked to the S&P 500® Index with a $1,000 stated principal amount per security and an 8.13% fixed upside payment of $81.30. The securities offer a 12.50% buffer (buffer level 6,565.869), a downside factor of 1.1429, and mature on July 23, 2027.

At maturity, if the final level is at or above the buffer level, holders receive principal plus the fixed upside payment. If the final level is below the buffer level, losses apply at 1.1429% per 1% decline beyond the buffer and the payment could be significantly less than principal, possibly zero. All payments are subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk.

Morgan Stanley Finance LLC offers Principal at Risk Structured Investments—Enhanced Trigger Jump Securities linked to the common stock of Micron Technology, Inc. The securities have a $1,000 stated principal amount and an issue price of $1,000 per security; estimated value on the pricing date is approximately $980.00 per security. The observation date is August 9, 2027 and the maturity date is August 12, 2027.

At maturity, if the final level of the underlier is greater than or equal to the downside threshold ($469.19, 50% of the initial level), holders receive the stated principal plus a fixed upside payment of $452.30 (45.23%). If the final level is below the downside threshold, the payment equals the stated principal multiplied by the performance factor (final level ÷ initial level), with no minimum payment—investors could lose their entire principal. All payments are subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC priced Callable Contingent Income Securities—notes with $1,000 stated principal per security and an aggregate principal amount of $6,414,000. The notes pay a contingent coupon of 9.35% per annum only when the closing level of each underlier meets its coupon barrier on observation dates. The securities are linked to the worst performing of the Russell 2000, the S&P 500 and the XLP ETF, mature on June 8, 2028, and are fully guaranteed by Morgan Stanley. Investors face principal loss if the worst performing underlier falls below its downside threshold (60% of initial level), and the issuer may call early based on a risk neutral valuation model.

Morgan Stanley Finance LLC is offering principal-at-risk notes due June 2, 2027 linked to the common stock of Amazon.com, Inc. The offering totals $2,110,000 at a $1,000 stated principal per security and an issue price of $1,000 each.

The securities pay a fixed coupon of 10.08% annually (monthly payments). At maturity holders receive principal only if the final level is >= the downside threshold ($185.703, 70% of the initial level); otherwise the payment equals stated principal × (final level / initial level) and could be significantly reduced or zero. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced $2,062,000 of structured Principal‑at‑Risk notes linked to Micron Technology common stock. Each security has a $1,000 stated principal amount and an upfront estimated value of $982.00. The notes pay a fixed $445.50 upside payment (44.55%) at maturity if the final level is at or above a 65% buffer; otherwise holders incur a 1.5385× downside factor on losses beyond the 35% buffer and could lose the entire principal. Payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley, and all payments are subject to issuer credit risk. The observation date is July 15, 2027 and maturity is July 20, 2027. Commissions of $10 per $1,000 reduce proceeds to the issuer to $990 per security.

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes linked to NVIDIA Corporation common stock with a two‑year term and automatic early redemption. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $980.20. The notes feature a buffer equal to 25%, a downside factor of 1.3333, a participation rate of 100%, a minimum early redemption payment of $1,215 on the first determination date, an upside payment of at least $430, a final determination date of July 10, 2028, and a maturity date of July 13, 2028. All payments are subject to MSFL’s and Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities linked to CoreWeave, Inc. class A common stock with an aggregate principal amount of $2,128,000 and a stated principal amount of $1,000 per security. The securities pay a contingent quarterly coupon at an annual rate of 31.00% only when the determination closing price is at or above the downside threshold of $40.873 (50% of the initial share price). The initial share price was $81.745 and the estimated value on the pricing date was $924.40 per security; the original issue price is $1,000. These two-year securities mature on July 7, 2028 and include a six-month initial non-call period after which automatic early redemption may occur if a determination closing price is at or above the initial share price. If not redeemed and the final share price is below the downside threshold, investors suffer a 1-to-1 loss in principal (payment could be less than 50% of principal or zero). Payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; all payments remain subject to issuer credit risk.