MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Trigger Autocallable Notes linked to the Russell 2000® Index with aggregate proceeds of $5,508,300. The securities have a $10 issue price, an estimated trade‑date value of $9.677 and a 5‑year term maturing on July 8, 2031. Beginning after one year, quarterly Observation Dates (starting July 12, 2027) may trigger automatic calls if the Index closes at or above the Initial Level of 2,996.110. If not called, holders receive $10 at maturity only if the Final Level is at or above the Downside Threshold of 2,247.083 (approximately 75% of the Initial Level); otherwise payment at maturity is $10 × (1 + Underlying Return), which can result in a substantial or total loss of principal. The fixed Call Return Rate is 9.68% per annum, producing increasing Call Prices on successive Observation Dates. All payments are subject to issuer and guarantor credit risk and limited secondary‑market liquidity.

Morgan Stanley Finance LLC offers Trigger Callable Yield Notes linked to the least performing of the Russell 2000® Index and the EURO STOXX 50® Index. The offering totals $15,677,840 at an Issue Price $10.00 per Security with an estimated Trade Date value $9.854 per Security.

The Notes pay a fixed Coupon Rate 8.40% per annum in equal monthly installments ($0.07 per Security per month) and mature on October 7, 2027 (Final Valuation Date October 4, 2027). Beginning October 7, 2026, the issuer may call the Notes monthly if a risk neutral valuation model indicates calling is economically rational. At maturity, if either Underlying closes below its Downside Threshold (70% of initial value), payment equals $10 × (1 + Underlying Return of the Least Performing Underlying), which can result in a significant loss of principal.

Morgan Stanley Finance LLC priced Principal at Risk securities tied to Robinhood Markets, Inc. Class A common stock. The securities have a $1,000 stated principal amount, an issue price of $1,000 per security and an aggregate principal amount of $559,000.

They pay a contingent coupon at an annual rate of 21.85% only if the underlier’s closing level meets the coupon barrier on observation dates, feature automatic early redemption if the underlier meets a call threshold of $112.73, and expose investors to full downside below a downside threshold of $67.638 (60% of the initial level). All payments are unsecured and subject to Morgan Stanley’s credit risk.

The issuer, Morgan Stanley Finance LLC, is offering callable Principal at Risk securities linked to the worst performing of three underliers: the iShares Expanded Tech-Software Sector ETF, the Russell 2000 Index and the State Street Real Estate Select Sector SPDR ETF. The securities have a $1,000 stated principal amount, an aggregate principal amount of $882,000, an original issue price of $1,000 and maturity on July 8, 2030. Investors may receive a contingent coupon of 13.30% per annum on each coupon payment date only if each underlier is at or above its coupon barrier on the related observation date. If any underlier falls below its downside threshold at maturity, the investor’s principal is reduced proportionally to the worst performing underlier. The notes are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to early redemption starting on July 8, 2027 based on a risk neutral valuation model.

Morgan Stanley Finance LLC prices Principal at Risk notes linked to the S&P 500® Index. The securities have a $1,000 stated principal amount and an aggregate principal amount of $10,000,000. The term runs from July 8, 2026 to July 20, 2027, with observation on July 15, 2027.

At maturity investors receive the stated principal plus a fixed $90.70 upside payment if the final level is at or above the buffer (90% of the initial level). If the final level is below the buffer, losses are amplified by a 1.1111% downside factor per 1% index decline beyond the 10% buffer; there is no minimum payment and investors may lose their entire investment. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced a structured, principal‑at‑risk note linked to the Global X Defense Tech ETF with a $799,000 aggregate issuance at $1,000 per security. The securities mature on July 7, 2028 and carry an automatic early redemption feature: if the underlier’s closing level on the first determination date (July 15, 2027) is at or above the call threshold of $63.96 (100% of the initial level), each security will be redeemed early for $1,140.

If not called, payments at maturity depend on the final closing level on the final determination date (July 3, 2028): upside payments apply when the final level is above the initial level (participation rate 125%); full principal is returned if the final level is ≥ the buffer level of $54.366 (85% of the initial level); if the final level is below the buffer, losses apply at a downside factor of 1.1765 per 1% beyond the buffer and there is no minimum payment. The estimated value on the pricing date was $983.00 per security. All payments are subject to MSFL’s and Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities due July 8, 2031 with an aggregate principal amount of $552,000. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The securities link to a three-component performance-allocation basket (S&P 500, EURO STOXX 50, TOPIX) with an observation date of July 2, 2031.

At maturity the payout depends on the basket performance factor: if positive, holders receive principal plus a leveraged upside (leverage factor 107%); if performance is ≤0% but within a 10% buffer, holders receive principal; if performance declines beyond the buffer, holders incur proportional principal loss (subject to a 10% minimum payment).

Morgan Stanley Finance LLC is offering callable contingent income securities due July 6, 2029 that are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley. The securities have a stated principal amount of $1,000 per security and an aggregate principal amount of $20,698,000. They pay a contingent coupon at an annual rate of 13.80% for each period only if the closing level of each underlier is at or above its coupon barrier on the related observation date; otherwise no coupon is paid for that period. The securities are linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF and protect principal at maturity only if the final level of every underlier is at or above its downside threshold (60% of initial levels). A risk neutral valuation model can trigger issuer call beginning on the first redemption date of January 7, 2027. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC offers $677,000 aggregate of structured, principal‑at‑risk notes linked to the worst performing of the S&P 500®, Nasdaq‑100® and Russell 2000®, with a stated principal amount of $1,000 per security. The notes are fully and unconditionally guaranteed by Morgan Stanley and have an automatic early redemption feature beginning on July 9, 2027. If not called, maturity is July 8, 2031. Payments depend on the worst performing underlier: investors may receive the stated principal plus an upside payment (150% participation) if all underliers finish above initial levels, the stated principal if each underlier finishes above the 70% downside thresholds, or a downside loss equal to the percent decline of the worst performing underlier, which could result in a total loss of principal. All payments are subject to issuer credit risk.