MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk Buffered Participation Securities with a stated principal amount of $1,000 per security. The securities reference the Nasdaq-100 and S&P 500 and pay at maturity based on the worst performing underlier, subject to a 20% buffer, 100% participation, a 119% maximum payment cap and a 20% minimum payment. Key dates include a strike date and pricing date of July 9, 2026, an original issue date of July 14, 2026, an observation date of August 9, 2027 and a maturity date of August 12, 2027. The estimated value on the pricing date is approximately $984.20 per security. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; holders remain exposed to issuer credit risk and to possible significant principal loss if the worst performing underlier falls below its buffer.

Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS structured notes due July 24, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and pays no interest; final payment depends on the worst performing of the Russell 2000® and S&P 500® indices on the observation date.

Key economic terms include a leverage factor of 109.75%, an absolute return participation rate of 100%, a 30% buffer (i.e., buffer level = 70% of initial level), and a minimum payment at maturity of 30% of principal. The estimated value on pricing date is approximately $971.80 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering contingent income, memory buffered auto-callable notes due July 14, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, a contingent coupon at an annual rate of 10.85%, an initial buffer of 15%, a coupon barrier at 70% of the initial level, and a call threshold equal to 100% of the initial level. The securities pay contingent coupons only when the underlier meets observation-date barriers, may auto-redeem early if the call threshold is met on a redemption determination date, and expose investors to principal losses proportional to declines beyond the 15% buffer at maturity. The estimated value on the pricing date was approximately $903.10 per security. The underlier is the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, established March 14, 2022.

Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes due July 13, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and an issue price of $1,000. At maturity the payout depends solely on the worst performing of the Dow Jones Industrial Average, EURO STOXX 50 and Russell 2000 indices. The notes pay no interest, include a leveraged upside feature (leverage factor 167.75%), an absolute return participation feature (100%) capped effectively at 40% in a limited scenario, and a downside threshold at 60% of each initial level. If any underlier finishes below its downside threshold, investors suffer proportional principal loss (1% loss per 1% decline of the worst performing underlier) and could lose their entire investment. The estimated value on the pricing date was approximately $978.90 per security. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering $3,067,000 of leveraged buffered S&P 500® index-linked notes due August 11, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 note provides 130% upside participation in positive index returns capped at a $1,162.63 maximum settlement, a 10.00% downside buffer (you receive $1,000 if decline is ≤10.00%), and full principal risk if the S&P 500 declines by more than 10.00%. Trade Date is July 1, 2026; Original Issue Price is $1,000 and the issuer’s estimated value per note on the Trade Date is $996.70. Payments at maturity are subject to the issuer’s credit risk, notes pay no interest, will not be listed, and include hedging and market‑disruption provisions described herein.

Morgan Stanley Finance LLC is offering $5,365,000 of leveraged buffered S&P 500® Index-Linked Notes due August 4, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 face-amount note returns 150% of any positive index gain (capped at $1,128.10 per note) and protects principal only if the index decline is no greater than 10.00%; losses occur if the index declines by more than 10.00%. The Trade Date is July 1, 2026, Original Issue Price is $1,000, and the issuer’s estimated value per note on the Trade Date is $986.70. Proceeds will be used for general corporate purposes. All payments are subject to issuer credit risk and the notes will not be listed on any exchange.

Morgan Stanley Finance LLC is offering Trigger PLUS principal‑at‑risk securities with a $1,000 stated principal amount per security and a maturity of July 12, 2029. Payment at maturity depends on the worst performing of the Dow Jones Industrial, Nasdaq-100 and S&P 500 indices; investors receive leveraged upside of 155% of the worst underlier’s appreciation if all final levels exceed their initial levels, receive principal if the worst underlier stays between its initial level and a 70% downside threshold, or suffer a proportional loss tied to the worst performing underlier if it drops below that threshold. The securities pay no interest, carry issuer and guarantor credit risk, and had an estimated value on the pricing date of approximately $963.10 per security.

Morgan Stanley Finance LLC priced structured, principal‑at‑risk notes due July 20, 2027 linked to the Nasdaq-100 Index®. Each security has a stated principal amount of $1,000 and a fixed upside payment of $109 (10.90%) payable at maturity if the final level is at or above the buffer level. The securities include a 15% buffer (buffer level 24,929.829 from initial level 29,329.21) and a downside factor of 1.1765, meaning losses beyond the 15% buffer are multiplied by 1.1765 and there is no minimum payment at maturity. Estimated value on the pricing date is approximately $985 per security; issue price is $1,000 with agent commissions of up to $10 per security. All payments are subject to Morgan Stanley Finance LLC credit risk and guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC is offering Principal at Risk securities linked to the common stock of Micron Technology, Inc. The securities have a stated principal amount of $1,000 per security, an issue price of $1,000, an estimated value on the pricing date of approximately $977.40, an initial level of $975.56 (strike date July 2, 2026) and a downside threshold equal to 50% of the initial level ($487.78). If the final level on the observation date is at or above the downside threshold, holders receive the stated principal plus a fixed upside payment of $444.90 (44.49%). If the final level is below the downside threshold, holders suffer proportional losses (payment = stated principal × final level / initial level), with no minimum payment at maturity. Observation date is August 2, 2027 (subject to postponement) and maturity is August 5, 2027. All payments are subject to the issuer's and guarantor’s credit risk; the securities are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley.