MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering Trigger PLUS notes due July 15, 2031 linked to the S&P 500 Index. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The securities pay no interest; at maturity holders receive either (a) principal plus a leveraged upside equal to 110% of the index appreciation if the final level is above the initial level, (b) the stated principal if the final level is between the initial level and the downside threshold, or (c) a principal amount proportional to index performance if the final level is below the downside threshold of 80% of the initial level. The preliminary pricing estimates the value on the pricing date at approximately $978.10 per security. All payments are subject to MSFL's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Principal-at-Risk, contingent-income, buffered auto-callable securities linked to the Class A common stock of Alphabet Inc. The securities have a stated principal amount of $1,000 per security, a contingent annual coupon rate of 9.05%, a strike date of July 20, 2026, a final observation date of July 20, 2029 and a maturity date of July 25, 2029. Coupons are paid only if the closing level of the underlier is at or above a coupon barrier (60% of the initial level) on each observation date. The securities will auto‑redeem if the underlier is at or above the call threshold (100% of the initial level) on a redemption determination date. At maturity, if the final level is below the buffer level (80% of the initial level), principal is reduced by 1% for every 1% decline beyond the buffer, subject to a minimum payment of 20% of principal. All payments are subject to the issuer’s and guarantor’s credit risk; secondary market liquidity may be limited.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering structured, principal‑at‑risk notes linked to the worst performing of the Dow Jones Industrial Average and the S&P 500® Index. The notes have a $1,000 stated principal amount and mature on August 25, 2027. If on the observation date each underlier is at or above its downside threshold (71% of its initial level), holders receive the stated principal plus an $85 upside payment. If either underlier is below its downside threshold, the payoff equals the stated principal multiplied by the performance factor of the worst performing underlier, so investors can lose up to their entire principal. The estimated value on the pricing date was approximately $989.30 per security.

Morgan Stanley Finance LLC is offering Principal at Risk auto‑callable notes tied to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each note has a $1,000 stated principal and an original issue price of $1,000. The notes pay no interest, may be automatically redeemed on the first determination date for $1,252.50 if the underlier is at or above a call threshold (90% of the initial level), and otherwise pay at maturity based on the underlier with a 318% participation rate in upside or full downside exposure below a 50% downside threshold. All payments are subject to MSFL and Morgan Stanley credit risk; investors may lose their entire investment.

Morgan Stanley Finance LLC priced contingent income memory auto-callable securities due October 28, 2030 with a stated principal amount of $1,000 per security and an issue price of $1,000. The securities are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. The estimated value on the pricing date was approximately $932.10 per security, reflecting issuance, structuring and hedging costs borne by investors. The notes pay a contingent coupon at an annual rate of 11.20% on each coupon payment date only if the closing level of each underlier meets its coupon barrier on the related observation date, feature automatic early redemption on specified redemption determination dates, and expose investors to principal loss at maturity based on the performance of the worst performing underlier.

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk notes due July 13, 2029, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal and issue price, an estimated value of $960.70 on the pricing date, and a 200% leverage factor with a maximum payment at maturity of $1,432.50 per security. The notes pay at maturity based solely on the closing level of the Invesco QQQ Trust on the observation date July 10, 2029, offer limited protection if the final level stays at or above 75% of the initial level, and expose investors to full principal loss if the final level falls below that threshold.

Morgan Stanley Finance LLC offers Dual Directional Buffered PLUS notes due July 15, 2031, linked to the Nasdaq-100 Index®. The securities have a $1,000 stated principal amount per security and an estimated value on the pricing date of approximately $978.20.

Key economic terms: a 110% leverage factor on upside (capped at $1,850, or 185% of principal), a 20% buffer (buffer level = 80% of initial level) and a minimum payment at maturity equal to 20% of principal. All payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; investors bear credit risk and can lose a significant portion of principal.

Morgan Stanley Finance LLC is offering principal-at-risk Structured Investments—Buffered Jump Securities with an auto-callable feature due July 13, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000. The estimated value on the pricing date is approximately $979.60 per security. The securities may be automatically redeemed after the first determination date for at least $1,149.50 per security if the underlier meets the call threshold. At maturity, returns depend on the Global X Defense Tech ETF performance with a 125% participation rate, a 15% buffer and a downside factor of 1.1765, exposing investors to potential losses of principal.

Morgan Stanley Finance LLC offers Principal at Risk callable contingent-income notes linked to the worst-performing of the iShares Russell 2000 ETF, iShares Expanded Tech-Software ETF and the S&P 500 Index. The notes have a $1,000 stated principal amount, an issue price of $1,000 and pay a contingent coupon of 12.40% per annum only if each underlier equals or exceeds its coupon barrier on each observation date. The notes may be called on quarterly redemption dates beginning January 28, 2027 if a risk neutral valuation model determines redemption is economically rational for the issuer. If not called, repayment at maturity on July 27, 2029 returns principal only if each underlier meets its downside threshold; otherwise loss equals the percentage decline of the worst-performing underlier. All payments are subject to Morgan Stanley credit risk.