MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a tranche of structured, principal-at-risk notes due March 27, 2028 that are fully guaranteed by Morgan Stanley. The offering consists of contingent income auto-callable securities with a stated principal amount of $1,000 per security and aggregate principal amount of $1,058,000. Each security may pay a contingent coupon at an annual rate of 13.60% on specified observation dates only if the basket closing level meets or exceeds the coupon barrier level (70). The notes are automatically redeemed early if the basket closing level meets or exceeds the call threshold (90) on a redemption determination date. If not called, repayment at maturity depends on the final level: full principal is paid if the final level is at or above the downside threshold (60), otherwise investors suffer a proportional loss equal to the decline in the underlier’s level. The underlier is a five-stock basket (CRM, CRWV, MU, ORCL, TSLA) equally weighted. All payments are subject to the issuer’s credit risk; the estimated value on the pricing date was $935.50 per security.

Morgan Stanley Finance LLC is offering Trigger Autocallable Contingent Yield Notes due July 15, 2031, fully guaranteed by Morgan Stanley. The notes pay quarterly Contingent Coupons (Contingent Coupon Rate at least 7.00% per annum) if both the S&P MidCap 400® and EURO STOXX 50® close at or above their Coupon Barriers on each Observation Date. The securities are principal at risk: if, at maturity, the Final Underlying Value of either index is below its Downside Threshold (60% of its Initial Underlying Value), repayment is reduced proportionately to the decline of the Least Performing Underlying. The notes are callable beginning January 11, 2027 on quarterly Observation Dates; Trade Date is July 10, 2026 and Settlement Date is July 15, 2026. Issue Price is $10.00 with an estimated Trade Date value of approximately $9.653. Minimum investment $1,000 in $10 increments. All payments are subject to Morgan Stanley's credit risk; investors do not participate in any appreciation of the Underlyings.

Morgan Stanley Finance LLC priced Principal at Risk notes linked to the S&P 500® Index. The offering consists of 1,000 securities at a stated principal amount of $1,000 per security (aggregate $1,000,000), with an issue price of $1,000 and an estimated value of $990.80 on the pricing date. At maturity on July 19, 2027, if the final level is at or above the downside threshold (5,612.423, equal to 75% of the initial level), each security pays the stated principal plus a fixed upside payment of $79.70 (7.97%). If the final level is below the downside threshold, the payment equals the stated principal multiplied by the performance factor (final level / initial level), exposing investors to full downside, including possible loss of entire principal.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Principal at Risk structured notes linked to the S&P 500® Index with a stated principal amount of $1,000 per security and an aggregate principal amount of $1,050,000. The notes pay no interest. At maturity on August 5, 2027, if the final level is at or above the downside threshold (85% of the initial level), holders receive the stated principal plus a fixed upside payment of $98.10 (9.81%). If the final level is below the downside threshold, the payment equals the stated principal multiplied by the index performance factor (final/initial), producing a pro rata loss of principal with no minimum payment. The initial level is 7,483.23 (strike date July 1, 2026) and the downside threshold is 6,360.746. The original issue price is $1,000 and the estimated value on the pricing date was $985.30, reflecting issuance, structuring and hedging costs. All payments are subject to the issuer’s and guarantor’s credit risk. Pricing supplement cross-references the product, index and tax supplements and the prospectus for full terms.

Morgan Stanley Finance LLC priced and issued contingent income, auto-callable principal-at-risk securities linked to Microsoft Corporation common stock. The offering totals $874,000 in aggregate principal at a stated principal amount of $1,000 per security and an issue price of $1,000 per security.

The securities carry a contingent coupon of 10.75% per annum payable only if the closing level of the underlier meets or exceeds the coupon barrier on observation dates. The initial level and call threshold equal $384.28 and the coupon barrier and downside threshold equal $268.996 (70% of the initial level). The securities mature on August 5, 2027, have a final observation date of August 2, 2027, and can be automatically redeemed on specified redemption determination dates beginning January 4, 2027. Investors bear full credit risk of MSFL/Morgan Stanley and may lose principal if the final level is below the downside threshold.

Morgan Stanley Finance LLC priced a series of principal-at-risk notes linked to the Class A common stock of Meta Platforms, Inc. These notes were issued at $1,000 each with an aggregate principal amount of $1,499,000 and are fully guaranteed by Morgan Stanley.

They pay a contingent coupon of 10.30% per annum on each interest period only if the closing level of Meta on the related observation date is at or above the coupon barrier (80% of the initial level). The notes can be automatically called on specified redemption determination dates if the closing level is at or above the call threshold (100% of the initial level). At maturity, if not called, investors receive principal only if the final level is at or above the 80% buffer; otherwise they suffer losses equal to declines beyond the 20% buffer, subject to a minimum 20% payment at maturity. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering 495,000 units of Autocallable Contingent Coupon (with Memory) Buffered Notes linked to the common stock of Micron Technology, Inc. (the "Market Measure") with a $10 principal amount per unit and a pricing date of July 1, 2026. The notes pay contingent quarterly coupons of $0.56 per unit (22.40% per annum) when the Observation Value on a Coupon Observation Date is at or above the Coupon Barrier ($619.37, 60% of the Starting Value). The notes are automatically callable if the Observation Value on any Call Observation Date is at or above the Call Value ($1,032.28). If not called, maturity is January 10, 2028; at maturity, investors receive $10 per unit if the Ending Value is at or above the Threshold Value ($619.37), otherwise they have 1-to-1 downside beyond a 40% decline (up to 60.00% principal at risk). Payments are subject to the credit risk of MSFL and guaranteed by Morgan Stanley. The initial estimated value on the pricing date is $9.712 per unit; public offering price is $10.00 per unit.

Morgan Stanley Finance LLC offers contingent-income, memory auto-callable notes due August 1, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and an annual contingent coupon of 6.15% payable only if the underlier meets the coupon barrier on observation dates. The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with a coupon barrier set at 75% of the initial level and a call threshold at 100% of the initial level. The strike and pricing dates are July 29, 2026, the final observation date is July 29, 2031, and maturity is August 1, 2031. The estimated value on the pricing date is approximately $961.50 per note. Payments, including early redemption and contingent coupons, are subject to Morgan Stanley’s credit risk and to the specific observation, call and payment mechanics described herein.

Morgan Stanley Finance LLC is offering Dual Directional Buffered Participation Securities linked to the Nasdaq-100 Index® due August 13, 2027. Each security has a stated principal amount of $1,000 and an issue price of $1,000; the document shows an estimated value on the pricing date of approximately $982.90 per security. Payment at maturity is one of three outcomes: (1) if the final level > initial level, the holder receives principal plus the upside payment (100% participation) subject to a maximum upside payment of at least $1,153.00 (115.30%); (2) if the final level is ≤ initial level but ≥ the buffer level (buffer amount 15%), the holder receives principal plus a positive return equal to the absolute decline multiplied by the absolute return participation rate (100%), effectively capped at 15%; (3) if the final level is < the buffer level (buffer = 85% of the initial level), the holder loses 1.1765% of principal for each 1% decline beyond the buffer, with no minimum payment. The observation date is August 10, 2027 (subject to postponement) and the strike date is July 28, 2026. The securities are unsecured obligations of MSFL, fully and unconditionally guaranteed by Morgan Stanley, and are principal-at-risk instruments that do not pay interest.