Morgan Stanley 424B Filings

Morgan Stanley Finance LLC priced a $4,065,000 offering of Trigger Autocallable Contingent Yield Notes, fully and unconditionally guaranteed by Morgan Stanley. The 3-year securities (Trade Date June 26, 2026, Maturity June 29, 2029) pay a contingent quarterly coupon at a 9.10% per annum rate ($0.2275 per Security per quarter) but expose investors to principal loss linked to the least performing of the S&P 500, Russell 2000 and EURO STOXX 50. Coupon and principal protection depend on 70% barriers (Downside Thresholds) of each Initial Underlying Value; if any Underlying is below its threshold at the Final Observation Date, repayment is reduced pro rata to that Least Performing Underlying. Issue Price is $10.00 (minimum investment $1,000); estimated Trade Date value was $9.729. The proceeds will be used for general corporate purposes.

Morgan Stanley Finance LLC priced an Auto-Callable Trigger PLUS linked to the EURO STOXX 50® Index with a stated principal of $1,000 per security and a maturity date of August 5, 2031. The securities pay no regular interest, are principal-at-risk and are fully guaranteed by Morgan Stanley.

If the index closing value on the first determination date (7/26/2027) is at or above the initial index value, the securities will auto-redeem for an early redemption payment of $1,173.60 on 7/29/2027. If not redeemed, maturity payoffs depend on the final index value on 7/31/2031: full principal plus 150% of upside if the final index value is above the initial index value; full principal if the final index value is at or above the downside threshold (80% of the initial index value); otherwise investors suffer a 1-to-1 downside and may lose most or all principal.

Morgan Stanley Finance LLC is offering Performance Leveraged Upside PLUS notes due August 11, 2027, guaranteed by Morgan Stanley. Each PLUS has a $1,000 stated principal amount, provides 150% leveraged upside subject to a maximum payment of $1,430, and exposes investors on a 1:1 basis to downside (principal at risk).

The estimated value on the pricing date is approximately $964.00. The valuation date is August 6, 2027. These unsecured notes pay no interest, are not listed, and could repay less than principal at maturity — including zero — depending on the basket’s final value.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes — "Structured Investments Jump Securities with Auto‑Callable Feature" — linked to the S&P® 500 Equal Weight Index with a stated principal amount of $1,000 per security. The securities pay no regular interest, may be automatically redeemed on the first determination date for an early redemption payment of $1,091.50 if the underlier is at or above the call threshold (100% of the initial level), and mature on July 6, 2029. At maturity, if not auto‑redeemed, returns depend on index performance: investors receive principal plus an upside payment when the final level exceeds the initial level (participation rate 125%), receive only principal if the final level is at or above the downside threshold (70% of initial), or suffer a pro rata loss if the final level is below that threshold. All payments are unsecured and subject to Morgan Stanley’s credit risk. The document states an estimated value on the pricing date of approximately $971.50 per security and discloses dealer commissions and a structuring fee included in the issue price.

Morgan Stanley Finance LLC offers market-linked principal-at-risk securities with a $1,000 face amount per security that provide 110% participation in positive Basket performance subject to a capped maximum return of at least 23.00%. The securities include a 10% buffer (threshold 90.00) and can expose investors to up to 90% loss of face amount if the Basket declines below the threshold. The Basket is an unequally weighted mix of the S&P 500 (50%), Nasdaq-100 (15%), EURO STOXX 50 (20%) and the iShares MSCI Emerging Markets ETF (15%). Pricing date is June 30, 2026, estimated value per security on the pricing date is approximately $959.10, and maturity is July 6, 2028. Terms note dealer commissions, potential limited secondary market liquidity, credit risk of Morgan Stanley and material tax uncertainties.

Morgan Stanley Finance LLC is offering market‑linked, principal‑at‑risk securities due July 30, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 face amount and a contingent fixed return of at least 34.70% ($347) per face amount if the lowest performing underlying stock closes at or above its 60% threshold. If the lowest performing underlying stock closes below its threshold, holders bear the full downside tied to that stock and may lose more than 40% or their entire principal. The pricing date is July 20, 2026; estimated value on the pricing date is approximately $961.80 per security. Agent commissions and offering price are shown on the cover page.

Morgan Stanley Finance LLC is issuing Structured Investments — Enhanced Dual Directional Buffered Jump Securities due October 18, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes are principal‑at‑risk, $1,000 stated principal per security, and pay no interest. They include a digital payment of $67.50 per security (6.75%) payable at maturity if the final level meets or exceeds the digital threshold (93.25% of the initial level). The securities provide a 20% buffer (buffer level = 80% of initial level) and a minimum payment at maturity of 20% of stated principal. Estimated value on the pricing date is approximately $984.60 per security. All payments are subject to issuer and guarantor credit risk; holders may lose a significant portion of their principal if the underlier falls below the buffer on the observation date.

Morgan Stanley Finance LLC is offering principal-at-risk, market-linked securities tied to the Class A common stock of CoreWeave, Inc. Each security has a face amount of $1,000 and an estimated value on the pricing date of approximately $960.20.

Key terms: a contingent fixed return of at least 47.00% of face amount (at least $470) will be paid at maturity if the ending price is greater than or equal to a threshold equal to 60% of the starting price; if the ending price is below that threshold investors are exposed on a 1-to-1 basis to declines in the underlying stock. Pricing date is June 30, 2026, calculation day is July 7, 2027 and scheduled maturity is July 12, 2027. Price to public is $1,000 per security; agents may receive commissions up to $23.25 per security. The offering document discloses credit risk of Morgan Stanley, potential limited secondary-market liquidity, hedging conflicts, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC priced Structured Investments Enhanced Trigger Jump Securities due July 7, 2027, linked to the worst-performing of Micron Technology, Inc. and Nebius Group N.V. The securities have a $1,000 stated principal amount, an aggregate principal amount of $1,150,000, and an upside payment of $950 per security if neither underlier breaches its downside threshold. If the worst performing underlier is below its 50% downside threshold on the observation date, investors lose in proportion to that decline (no minimum payment). Payments are subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note with an aggregate principal amount of $922,000, issued at $1,000 per security and fully and unconditionally guaranteed by Morgan Stanley. The notes mature on June 27, 2031 and reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index.

The securities pay a contingent coupon at an annual rate of 11.25% only if the underlier’s closing level meets the coupon barrier on observation dates; they have a call threshold equal to the initial level (1,344.60), a coupon barrier of 1,008.45 (75% of the initial level) and a buffer level of 1,142.91 (85% of the initial level). If not called and the final level is below the buffer, principal losses occur pro rata beyond the 15% buffer, subject to a 15% minimum payment at maturity. The estimated value on pricing was $905.00 per security; dealer commissions of $46 per security are included in the issue price.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to Meta Platforms, Inc. class A common stock, due July 9, 2027, and fully and unconditionally guaranteed by Morgan Stanley. The offering totals $580,000 aggregate principal at a stated principal amount of $1,000 per security and an issue price of $1,000 per security.

The securities pay no interest and provide a fixed upside payment of $149.30 per security (14.93%) if the final level on the observation date is greater than or equal to the buffer level. The securities include a 20% buffer (buffer level = $449.76, 80% of the initial level) and a downside factor of 1.25; if the final level is below the buffer, investors lose 1.25% of principal for each 1% decline beyond the buffer and could lose their entire investment. Estimated value on the pricing date was $985.40 per security; the original issue price includes issuance, structuring and hedging costs borne by investors.

Morgan Stanley Finance LLC priced principal-at-risk, auto-callable securities tied to IBM stock. The securities have a $1,000 stated principal amount, an original issue date of June 29, 2026, and mature on June 29, 2028. Automatic early redemption can occur on scheduled determination dates beginning July 1, 2027 if the closing level of IBM is at or above the call threshold of $262.96. Early redemption payments range from $1,225.00 to $1,393.75 on the four scheduled early redemption dates; the payment at maturity can be $1,450.00, the stated principal, or a principal amount reduced pro rata if the final level is below the downside threshold of $123.591. All payments are unsecured and subject to Morgan Stanley's credit risk. The estimated value on the pricing date was $980.10 per security.

Morgan Stanley Finance LLC priced $701,000 of structured Jump Notes due June 27, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest, have a 125% participation rate on the appreciation of the worst-performing underlier (AMZN, NVDA, TSLA) and feature an automatic early redemption on the first determination date (June 24, 2027) for an early redemption payment of $1,216.50 per $1,000 note if each underlier is at or above an 85% call threshold. The stated principal amount is $1,000 per note and the estimated value at pricing was $981.50 per note. All payments are subject to Morgan Stanley's credit risk; the notes are unsecured and will not be listed on an exchange.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to Meta Platforms, Inc. class A common stock, with an aggregate principal amount of $500,000 and a stated principal amount of $1,000 per security. The securities are fully and unconditionally guaranteed by Morgan Stanley and pay no interest. At maturity on July 9, 2027, if the final level is at or above the buffer (15% below the initial level), holders receive the stated principal plus a fixed upside payment of $184.40 (18.44%). If the final level is below the buffer, losses apply at a downside factor of 1.1765, and investors may lose some or all principal. The observation date is July 6, 2027 (subject to postponement). The issue price is $1,000 and the estimated value on the pricing date was $985.30.

Morgan Stanley Finance LLC issued Principal-at-Risk auto-callable notes linked to the State Street SPDR S&P Regional Banking ETF with an aggregate principal amount of $1,685,000. Each security has a $1,000 stated principal amount and an issue price of $1,000 (estimated value on the pricing date: $971.00).

The notes pay a contingent coupon at an annual rate of 9.00% only when the underlier’s closing level on each observation date is at or above the coupon barrier ($51.779, 70% of the initial level). The notes are subject to automatic early redemption if the closing level meets or exceeds the call threshold ($73.97, 100% of the initial level) on any redemption determination date. At maturity, if the final level is below the downside threshold ($51.779), payoff equals the stated principal multiplied by the performance factor (final level / initial level), exposing investors to losses of up to 100% of principal. All payments are subject to MSFL and Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk auto-callable note offering: $1,000 stated principal per security, aggregate $1,965,000, original issue price $1,000 and an estimated value of $968.60 on the pricing date. The notes mature on December 30, 2027 with a 10.20% per annum contingent coupon payable only if each underlier meets its coupon barrier on observation dates.

The securities are linked to the worst performing of the Nasdaq-100® Technology Sector (NDXT), the Russell 2000® (RTY) and the S&P 500® (SPX). Call thresholds equal 100% of initial levels; coupon barrier and downside threshold levels equal 70% of initial levels. If not auto-redeemed, final payment returns principal only if each underlier ≥ its downside threshold; otherwise payment at maturity equals stated principal × performance factor of the worst performing underlier, which can result in substantial loss of principal. All payments are subject to MSFL and Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities tied to the S&P 500® Futures Excess Return Index with a 202% leverage factor and a five-year term maturing on June 27, 2031. The stated principal amount is $1,000 per security and the aggregate principal offered is $4,784,000. The securities provide a 20% buffer on losses and a 20% minimum payment at maturity; if the final index level is above the initial level, investors receive the stated principal plus leveraged upside, while losses beyond the buffer reduce principal on a 1:1 basis. All payments are subject to the issuer and guarantor credit risk of Morgan Stanley.

Morgan Stanley Finance LLC priced Principal-at-Risk buffered, auto-callable notes tied to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with a stated principal amount of $1,000 per security and an aggregate principal amount of $1,511,000. The securities may auto-redeem on specified determination dates for fixed early redemption payments that imply approximately 18.00% per annum; if not redeemed, maturity payments depend on the final index level relative to a call threshold (initial level 1,344.60) and a 15% buffer, with downside exposure below the buffer and a minimum payment of 15% of principal. All payments are unsecured and subject to Morgan Stanley's credit risk, and the estimated value on the pricing date was $909.90 per security.

Morgan Stanley Finance LLC priced a series of Trigger PLUS principal-at-risk securities linked to the worst performing of the Nasdaq-100® Technology Sector Index and the S&P 500® Index. The securities have a $1,000 stated principal amount, a 150% leverage factor on the upside, a maximum payment at maturity of $1,271.50 and mature on December 30, 2027. At maturity the payout is determined solely by the worst performing underlier on the observation date: investors either receive leveraged upside up to the stated cap, return of principal in a limited performance range, or suffer losses proportional to declines below the 70% downside threshold, potentially losing their entire investment. All payments are subject to the credit risk of Morgan Stanley and the securities do not pay interest.

Morgan Stanley Finance LLC is offering Principal at Risk auto-callable securities linked to UnitedHealth Group common stock, with a stated principal amount of $1,000 per security and an aggregate issuance of $4,400,000. The notes pay a contingent coupon at an annual rate of 11.40% on observation dates only if the underlier is at or above a coupon barrier of $263.77 (65% of the initial level). The initial/strike level and call threshold are $405.80 (100% of initial). The securities may auto-redeem on specified redemption determination dates beginning September 24, 2026. At maturity on December 30, 2027, if the final level is below the downside threshold ($263.77), payment equals principal × (final level / initial level) and could be significantly less than, or equal to, zero. All payments are subject to MSFL/Morgan Stanley credit risk; estimated value at issuance was $981.30 per security.

Morgan Stanley Finance LLC is offering $1,000,000 aggregate principal of Buffered PLUS notes, fully and unconditionally guaranteed by Morgan Stanley. The securities mature June 28, 2029 and return the stated principal plus a 150% leverage on positive basket performance subject to a $1,471 maximum payment.

The notes provide a 5% buffer (buffer level 95) against declines; losses beyond the buffer reduce principal 1% for each 1% decline, subject to a 5% minimum payment. The estimated value on the pricing date was $977.10 per security and all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes linked to the First Trust Nasdaq Cybersecurity ETF (CIBR) with a stated principal amount of $1,000 per security and an aggregate offering of $530,000. The securities pay a contingent coupon at an annual rate of 9.50% on each coupon payment date only if the underlier's closing level on the related observation date is at or above the coupon barrier level of $58.66 (70% of the initial level). The notes are subject to automatic early redemption if the underlier's closing level on any redemption determination date is greater than or equal to the call threshold of $83.80 (100% of the initial level); early redemption payments equal the stated principal plus the contingent coupon for the related period. If not redeemed early, maturity payment is the stated principal if the final level is at or above the downside threshold ($58.66); if the final level is below that threshold, payment equals the stated principal multiplied by the performance factor (final level/initial level), exposing holders to a potentially total loss. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and therefore subject to the guarantor's credit risk. The estimated value on the pricing date was $967.60 per security; the issue price is $1,000 per security, with an agent commission of $20 per security.

Morgan Stanley Finance LLC priced Dual Directional Buffered Participation Securities due September 29, 2027, linked to the worst performing of the Dow Jones Industrial Average and 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 and expose investors to Morgan Stanley credit risk.

At maturity the payout depends on the worst performing underlier on the observation date of September 24, 2027. The securities provide (i) full participation up to a maximum upside payment of $1,133.50, (ii) a 19% buffer (81% buffer level) that converts certain declines into a limited positive payoff, and (iii) a downside exposure where losses beyond the buffer reduce principal dollar-for-dollar, subject to a minimum payment of 19% of principal. Estimated value on pricing date was $989.90.

Morgan Stanley Finance LLC and Morgan Stanley are offering Structured Investments — Contingent Income Memory Buffered Auto-Callable Securities due May 30, 2029 (stated principal amount $1,000 each) linked to the worst performing of the State Street SPDR S&P Metals & Mining ETF (XME) and the VanEck Gold Miners ETF (GDX).

The notes pay a contingent coupon at an annual rate of 7.00% only when both underliers meet their coupon barrier levels on observation dates, feature automatic early redemption if both underliers meet their call thresholds on redemption determination dates, and provide a buffer that shields the first 20% of decline but expose investors to losses beyond that (minimum payment at maturity is 20% of principal). All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced a $2,000,000 offering of principal-at-risk, contingent-coupon, memory auto-callable notes linked to the common stock of NVIDIA Corporation. The notes have a $1,000 stated principal amount per security, an 11.00% annual contingent coupon, a maturity date of June 29, 2028, and are fully and unconditionally guaranteed by Morgan Stanley. The initial level of the underlier was $199.00 (the initial level and call threshold). The coupon barrier and downside threshold are both $109.45 (55% of the initial level). If not called early, payments at maturity depend on the final level: full principal is returned only if the final level is at or above the downside threshold; otherwise payment equals principal multiplied by final/initial level and could be significantly less or zero.

Morgan Stanley Finance LLC priced a preliminary offering of leveraged, buffered S&P 500® index‑linked notes (Face Amount $1,000 per note) that are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley. The notes provide 150% participation in upside subject to a cap (expected between 108.01% and 109.39% of the Initial Underlier Level) and a Maximum Settlement Amount expected between $1,120.15 and $1,140.85 per $1,000. The notes include a 10.00% buffer (you receive $1,000 if the index decline is ≤10.00%) and expose investors to full downside if the index falls by more than 10.00%. The estimated value on the trade date is approximately $986.70 per note and the price to public is $1,000 with agent compensation of $10.80 (1.08%). All payments are subject to issuer credit risk; the notes are not exchange‑listed, do not pay interest, and have no guaranteed return of principal.

Morgan Stanley Finance LLC is offering contingent income auto-callable securities tied to Citigroup Inc. common stock with an aggregate principal amount of $2,980,000 (100 securities at $1,000 each). The securities mature on June 28, 2029 with a final observation date of June 25, 2029.

The notes pay a contingent coupon at an annual rate of 11.40% only when observation-date closing levels meet or exceed the coupon barrier. The securities feature automatic early redemption if the underlier is at or above a call threshold on a redemption determination date. Investors bear full principal risk: if the final level is below the downside threshold, payment at maturity is reduced pro rata and could be zero. All payments are subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC is offering Trigger PLUS notes due August 4, 2032, fully and unconditionally guaranteed by Morgan Stanley. Each Trigger PLUS has a stated principal amount of $1,000, a 130% leverage factor on upside returns and a trigger level equal to 85% of the initial index value. At maturity the payout is based on the S&P 500® closing value on the valuation date; if the final index value is below the trigger level, investors lose a portion or all of principal on a 1% loss per 1% index decline. The pricing date is July 17, 2026, original issue date July 22, 2026, and the issuer estimates the value on the pricing date at approximately $949.20 per Trigger PLUS. The maximum payment at maturity will be set on the pricing date and will be at least $1,850 per Trigger PLUS. All payments are subject to the issuer’s credit risk and the notes will not be listed.

The Issuer is Morgan Stanley Finance LLC with a principal at risk note offering of $1,000 per security (aggregate $1,634,000) maturing on June 27, 2031. The securities pay a contingent coupon at an annual rate of 8.00% only if observation-date closing levels meet the coupon barrier.

The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with an initial level of 3,275.07, a call threshold of 2,734.683 (83.50% of initial), and a coupon barrier/downside threshold of 1,801.289 (55% of initial). Estimated value on the pricing date was $906.30 per security; issue price is $1,000 with a dealer commission of $41.50 per security. Investors bear principal-at-risk, contingent coupon risk, index-specific risks (including a 4% annual decrement), and Morgan Stanley credit risk.

Morgan Stanley Finance LLC filed a preliminary pricing supplement for Principal at Risk securities due July 12, 2029. The notes are linked to the worst performing of GOOGL, AVGO and NVDA, have a stated principal amount of $1,000 per security, an automatic early redemption feature and a 250% participation rate for upside if not auto‑redeemed.

The securities include a 20% buffer, a minimum payment at maturity equal to 20% of principal, an illustrative early redemption payment of $1,800, and an estimated value on the pricing date of approximately $926.50. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC offers Structured Investments Enhanced Buffered Jump Securities due August 2, 2027, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an upside payment of $185 (18.50%). The securities reference a basket of seven semiconductor-related stocks with equal weightings and use a buffer level of 80 (buffer amount 20%) and a downside factor of 1.25. If the final level is at or above the buffer level, holders receive principal plus the fixed upside payment; if below the buffer level, holders lose 1.25% of principal for each 1% decline of the underlier beyond the buffer and could lose their entire investment. The strike and pricing dates are July 15, 2026, original issue date is July 20, 2026, observation date is July 28, 2027. The estimated value on the pricing date is approximately $983.20 per security, and the offering price is $1,000 per security (agent commission $10, proceeds to issuer $990 per security). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk buffered participation securities with a $1,000 stated principal amount per security and an estimated value on the pricing date of approximately $966.40. The securities reference a three-component performance-allocation basket (EFA Fund, S&P 500® Futures Excess Return Index, Russell 2000® Index), allocate weights on the observation date based on relative component performance (60%/30%/10% best-to-worst), and provide a 20% buffer against initial losses. At maturity (July 11, 2031), investors receive the stated principal plus any upside subject to a $1,760 maximum payment and a 100% participation rate; if losses exceed the buffer, investors incur dollar-for-dollar losses beyond the buffer down to a 20% minimum payment. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and remain subject to issuer credit risk and tax uncertainties.

Morgan Stanley Finance LLC is offering structured, principal-at-risk, contingent income memory auto-callable securities linked to the Class A common stock of Robinhood Markets, Inc. The securities pay a contingent coupon of 21.85% per annum on observation dates that meet the coupon barrier and are automatically redeemable if the underlier meets the call threshold on redemption determination dates. The notes have a stated principal of $1,000 per security, a pricing/strike date of July 2, 2026, an original issue date of July 8, 2026, a final observation date of July 2, 2029 and a maturity date of July 6, 2029. Investors face full principal risk if the final level is below the downside threshold; all payments are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers Trigger PLUS principal-at-risk securities linked to the S&P 500® Futures Excess Return Index with a stated principal amount of $1,000 per security. The securities mature on July 3, 2031 and use the closing level on the observation date of June 30, 2031 to determine the payment at maturity.

If the final level is above the initial level, holders receive the stated principal plus a leveraged upside equal to the 202% leverage factor multiplied by the index percent change. If the final level is at or above the downside threshold (70% of the initial level) but not above the initial level, holders receive the stated principal. If the final level is below the downside threshold, holders suffer losses proportional to the index decline and could lose their entire investment. The estimated value on the pricing date was approximately $947.30 per security.

Morgan Stanley Finance LLC priced callable contingent-income buffered securities linked to the worst-performing of the Dow Jones Industrial Average, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF. Each security has a $1,000 stated principal amount, a contingent annual coupon of 13.40% (payable only if all underliers meet 80% coupon barriers on observation dates), a 20% buffer at maturity and a minimum payment of 20% of principal. The notes may be called beginning December 30, 2026 based on a risk-neutral valuation model; investors bear both issuer credit risk and the risk of losing principal if the worst-performing underlier falls below its buffer.

Morgan Stanley is offering $16,722,000 aggregate principal amount of Fixed Rate Notes due June 29, 2033. The notes pay 4.850% per annum, interest semi‑annually, have an issue price of $1,000 per note and an estimated value on the pricing date of $988.50 per note.

Payments are subject to the credit risk of Morgan Stanley. The issuer will receive proceeds net of agent commissions; aggregate proceeds to the issuer are shown as $16,588,224. The notes will not be listed on any exchange and are book‑entry only.

Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS notes due July 8, 2031 that are fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 per security and an estimated value on the pricing date of approximately $977.60.

The securities reference the S&P 500® Futures Excess Return Index and provide a leveraged upside (leverage factor 191%), an absolute return participation feature (participation 100%) for limited declines, and a 20% buffer level with a minimum payment at maturity equal to 20% of principal. Payments are subject to Morgan Stanley’s credit risk and the terms described in the product, index, tax supplements and prospectus.

Morgan Stanley Finance LLC offers $2,000,000 of Buffered PLUS with Downside Factor notes due June 26, 2031, backed by a Morgan Stanley guarantee. Each security has a $1,000 stated principal amount and provides a 214.50% leverage factor on upside versus a 10% buffer on downside measured from an initial level of 591.91. Payments depend solely on the closing underlier level on the observation date; if the final level falls below the buffer level, investors incur losses at a 1.1111% downside factor per 1% decline beyond the buffer and may lose their entire principal.

Morgan Stanley Finance LLC is offering Structured Investments: Enhanced Buffered Jump Securities linked to the common stock of Microsoft Corporation. The offering is for an aggregate principal amount of $500,000 at $1,000 per security. The securities mature on July 9, 2027 with an observation date of July 6, 2027. Each security pays a fixed upside payment of $154.50 (15.45%) if the final level is at or above the buffer level. The initial level is $373.94, the buffer amount is 15% (buffer level $317.849, and the downside factor is 1.1765, meaning losses apply for declines beyond the 15% buffer. There is no guaranteed minimum payment and all payments are subject to the credit risk of MSFL and its guarantor, Morgan Stanley.

Morgan Stanley Finance LLC priced a structured, principal-at-risk note offering: 1,468 securities at a $1,000 stated principal per security for an aggregate principal amount of $1,468,000. The notes are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley.

The securities have an automatic early redemption feature tied to a weighted basket of five stocks. Initial level is 100, call threshold is 95 (95% of initial), downside threshold is 50 (50% of initial). Determination dates begin July 1, 2027 and final determination date is June 24, 2030 with maturity on June 27, 2030. Early redemption payments escalate by scheduled amounts (first payment shown as $1,251.50), and the stated maximum payment at maturity if the final level ≥ call threshold is $2,006 per security.

The issue price is $1,000 and the estimated value on the pricing date was $879.50, reflecting issuance, structuring and hedging costs borne by investors. All payments are subject to Morgan Stanley's credit risk; if the final level falls below the downside threshold, investors suffer dollar-for-dollar losses in the underlier and could lose their entire investment.

Morgan Stanley Finance LLC priced Principal at Risk notes linked to the worst performing of the Russell 2000® Index and the S&P 500® Index. Each security has a stated principal amount of $1,000, a fixed upside payment of $100 (10%) and a downside threshold equal to 70% of each underlier’s initial level. If the final level of either underlier is below its downside threshold, payment at maturity is the stated principal multiplied by the performance factor of the worst performing underlier and could be significantly less than principal or zero. Key dates: strike/pricing July 10, 2026, original issue date July 15, 2026, observation date August 10, 2027 and maturity August 13, 2027. All payments are subject to MSFL’s and Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC priced Principal-at-Risk securities linked to NVIDIA common stock. The offering consists of $1,000 stated principal per security with an aggregate principal amount of $3,600,000, an estimated value on the pricing date of $969.10, and an issue price of $1,000 per security. The securities pay a contingent coupon of 12.35% per annum on observation dates when the closing level of the underlier meets or exceeds the coupon barrier of $117.41 (59% of the initial level). Automatic early redemption may occur if the underlier closes at or above the call threshold of $199.00 on a redemption determination date. At maturity, if the final level is below the downside threshold of $117.41, payment equals the stated principal multiplied by the performance factor (final level/initial level), exposing investors to potential principal loss down to zero. All payments are subject to Morgan Stanley and MSFL credit risk and the securities do not provide regular interest or participation in upside of the underlier.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities linked to the worst performing of the EURO STOXX 50® Index and the iShares MSCI EAFE ETF (EFA), with a $1,000 stated principal amount and maturity on July 29, 2027. Payment at maturity depends on the worst performing underlier: if both underliers finish above their initial levels, investors receive principal plus 150% of the underlier’s appreciation subject to a $1,362 maximum payment; if the worst performing underlier finishes between its buffer (90% of initial) and initial level, investors receive principal; if it finishes below the buffer, investors lose 1% of principal for each 1% the worst performing underlier declines beyond the 10% buffer, subject to a 10% minimum payment at maturity. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk and other risks described in the prospectus and supplements.

Morgan Stanley Finance LLC priced fixed-rate callable notes due June 29, 2032 with an aggregate principal amount of $250,000. Each note has a $1,000 stated principal, a 4.750% annual fixed coupon paid semiannually and an estimated value on the pricing date of $978.20 per note. The notes may be redeemed in whole (but not in part) on specified redemption dates if a risk neutral valuation model determination by the issuer indicates redemption is economically rational; redemption dates include June 29, 2027 and December 29, 2027. Agent commissions of $6 per note reduce proceeds to the issuer; net proceeds shown total $248,500. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC priced fixed-rate callable notes due 2030 with an aggregate principal amount of $521,000. The notes pay 4.500% per annum semi‑annually, have a stated principal and issue price of $1,000 per note, and mature on June 28, 2030. An early redemption in whole (only) may occur on specified dates in 2027 if a risk neutral valuation model determination—using market inputs and Morgan Stanley’s credit spreads—shows redemption is economically rational; redemption price is 100% of principal plus accrued interest. Estimated value on the pricing date was $983.50 per note. Proceeds are for general corporate purposes and aggregate net proceeds to the issuer are shown as $518,395.

Morgan Stanley Finance LLC is offering fixed rate callable notes due June 27, 2031 with an aggregate principal amount of $250,000 issued at $1,000 per note. The notes pay 4.650% per annum semi‑annually and are fully guaranteed by Morgan Stanley. The notes are callable on specified dates if a risk neutral valuation model determines redemption is "economically rational," with redemption at 100% of principal plus accrued interest. The estimated value on the pricing date was $981.10 per note, and the offering includes selling commissions that reduce proceeds to the issuer. All payments are subject to the issuer's credit risk.

Morgan Stanley Finance LLC priced $848,000 of Buffered PLUS principal-at-risk securities due June 27, 2031, guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and was issued at $1,000 with an estimated value of $986.50 on the pricing date. The securities reference the S&P 500® Futures Excess Return Index with an initial level of 591.18 and a 203% leverage factor. Investors receive the stated principal plus 203% of appreciation if the final level exceeds the initial level; a 20% buffer applies (buffer level 472.944) and the minimum payment at maturity is 20% of principal. All payments are subject to issuer and guarantor credit risk and U.S. federal income tax treatment is described as uncertain in the supplement.

Morgan Stanley Finance LLC priced a primary offering of fixed rate callable notes due June 29, 2033 guaranteed by Morgan Stanley. The offering shows an aggregate principal amount of $250,000 issued at $1,000 per note with an estimated value of $976.00 per note on the pricing date.

The notes pay a fixed 4.850% per annum, semi‑annual, with an original issue date of June 29, 2026. The issuer may redeem the notes in whole on specified semiannual redemption dates if a risk neutral valuation model (using market inputs and issuer credit spreads) indicates redemption is economically rational; redemption price equals 100% of principal plus accrued interest. Proceeds are for general corporate purposes.

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk notes due July 22, 2032, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities pay no interest and provide a leveraged upside equal to 249% of the underlier's appreciation; if the final level is below 70% of the initial level, investors lose 1% of principal for every 1% decline in the underlier. The estimated value on the pricing date was approximately $972.10 per security. All payments are subject to the issuer's and guarantor's credit risk, and there is no minimum payment at maturity.