Every 424B that Morgan Stanley (MS) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow MS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MS filings page.
Morgan Stanley Finance LLC priced a Buffered PLUS due July 3, 2031, a principal-at-risk note fully guaranteed by Morgan Stanley that references the S&P 500® Futures Excess Return Index. Each security has a stated principal amount of $1,000 and a leveraged upside of 180% on positive index performance. The securities feature a 30% buffer (buffer level = 70% of the initial level) and a minimum payment at maturity of 30% of stated principal. The strike and pricing date are June 30, 2026, the original issue date is July 6, 2026, the observation date is June 30, 2031 (subject to postponement), and maturity is July 3, 2031. The estimated value on the pricing date is approximately $970.60 per security. All payments are subject to the issuer’s and guarantor’s credit risk; investors may lose a significant portion of principal if the final level is below the buffer.
Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk securities tied to the worst performing of the Nasdaq-100 Technology Sector Index and the S&P 500 Index. Each security has a stated principal amount of $1,000, a 150% leverage factor and a capped maximum payment at maturity of $1,271.50 per security. The pricing and strike dates are June 24, 2026, original issue date June 29, 2026, observation date December 27, 2027 and maturity December 30, 2027. Investors receive leveraged upside if the worst performing underlier finishes above its initial level, receive principal only if both underliers finish at or above their 70% downside thresholds, and suffer proportional principal loss if the worst performing underlier finishes below its 70% threshold. Estimated value on the pricing date was ~$959.70 per security; the securities do not pay interest and are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC offers structured, principal‑at‑risk, auto‑callable securities with a stated principal amount of $1,000 per security and an issue price of $1,000 per security. The securities reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index and feature automatic early redemption if the underlier is at or above a call threshold (100% of the initial level) on scheduled determination dates, with scheduled early redemption payments rising across up to 48 determination dates and a final payment of $1,900 if the final level is at or above the call threshold. The securities include a buffer level set at 85% of the initial level (buffer amount 15%) and a minimum payment at maturity equal to 15% of stated principal. The estimated value on the pricing date is approximately $909.50 per security. All payments are subject to MSFL's and Morgan Stanley’s credit risk; investors do not participate in upside beyond fixed redemption amounts and can lose a substantial portion of principal if the final level is below the buffer.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due July 1, 2031, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The notes reference the worst performing of the EURO STOXX 50® and Russell 2000® indices, feature automatic early redemption beginning on the first determination date of March 30, 2027, and pay fixed early redemption amounts that rise across 17 scheduled determination dates. If not called, maturity payouts depend on final index levels: a fixed positive payment of $1,585.00 if both underliers meet their call thresholds, return of principal if both remain at or above 70% of initial levels, or a loss proportional to the worst performing underlier (down to zero). All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes linked to UnitedHealth Group common stock that pay a contingent coupon of 11.40% per annum if observation-date barriers are met. The notes have a $1,000 stated principal amount and an estimated value on the pricing date of approximately $980.30. Automatic early redemption is possible on specified determination dates if the underlier meets the call threshold (100% of the initial level). If not redeemed, maturity payoff depends on the final level versus a downside threshold set at 65% of the initial level; below that threshold investors suffer proportional principal loss. All payments are subject to Morgan Stanley and MSFL credit risk.
Morgan Stanley Finance LLC priced a principal-at-risk structured note linked to the worst performing of the Nasdaq-100 and the S&P 500. Each security has a stated principal amount of $1,000, a pricing/strike date of June 30, 2026, and matures on October 5, 2027. Payments at maturity depend solely on closing levels on the observation date (September 30, 2027): investors can receive up to $1,151.50 (115.15% cap) for upside, a limited positive return if the worst underlier declines but stays above an 80% buffer level, or a loss of principal beyond the 20% buffer, subject to a 20% minimum payment. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are exposed to issuer credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable securities linked to Netflix, Inc. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $968.70. The notes pay a 11.75% contingent coupon only if the underlying closing level meets a coupon barrier on observation dates, can be automatically redeemed on specified redemption determination dates, and expose investors to full downside risk below a downside threshold equal to 68% of the initial level. The final observation date is July 26, 2027 with maturity on July 29, 2027. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; holders remain exposed to issuer credit risk.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes—Contingent Income Memory Buffered Auto‑Callable Securities—linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index via a preliminary pricing supplement. The notes pay a contingent coupon only when the index closing on observation dates meets a coupon barrier, can be automatically called on specified determination dates, and at maturity either return principal (if the final level ≥ the buffer level) or reduce principal proportionally beyond the 15% buffer, subject to a 15% minimum payment. The notes carry issuer and guarantor credit risk and may have limited secondary market liquidity. Terms include a stated principal amount of $1,000 per security, an annual contingent coupon rate of 11.25% (paid only if observation thresholds are met), a final observation date of June 24, 2031 and maturity on June 27, 2031. The estimated value on the pricing date was approximately $905.60 per security.
Morgan Stanley Finance LLC priced contingent income auto-callable notes tied to Netflix, Inc. common stock, due July 29, 2027. Each note has a stated principal amount of $1,000, an estimated value on the pricing date of $984.10, and a contingent coupon at an annual rate of 14.25% payable only if observation-date conditions are met. The notes can be automatically redeemed on specified redemption determination dates if the closing level of the underlier meets the call threshold; if not redeemed, principal at maturity depends on the final level versus a downside threshold set at 68% of the initial level, exposing investors to potential full loss of principal.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due June 29, 2028 linked to the common stock of NVIDIA Corporation, with a stated principal amount of $1,000 per security. The notes pay a contingent coupon at an annual rate of 11.00% on observation dates when the underlier is at or above a coupon barrier level (the coupon barrier level is set at 55% of the initial level). The notes may be automatically redeemed early if the closing level meets or exceeds a call threshold (set at 100% of the initial level) on scheduled redemption determination dates beginning June 24, 2027. If not redeemed and the final level is at or above the downside threshold (set at 55% of the initial level), investors receive principal; if the final level is below that threshold, payment at maturity equals principal multiplied by final/initial level and could be significantly less than principal or zero. The document notes an estimated value on the pricing date of approximately $968.40 per security and emphasizes credit risk of Morgan Stanley and the possibility of receiving no coupons or losing principal.
Morgan Stanley Finance LLC is offering callable Contingent Income Securities due June 28, 2029, fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount and an issue price of $1,000 per security. They pay a contingent coupon at an annual rate of 10.75% for each interest period only if the closing level of each of the three underliers meets or exceeds its coupon barrier on the related observation date. Both the coupon barrier and the downside threshold are set at 60% of each underlier’s initial level. If, at maturity, the final level of the worst performing underlier is below its downside threshold, repayment is the stated principal multiplied by that worst performing underlier’s performance factor, which could result in a significant loss of principal or a total loss. The notes may be redeemed early beginning June 29, 2027 if a risk neutral valuation model indicates redemption is economically rational; no redemption may occur before that date. The pricing date and strike date are June 24, 2026. The issuer’s estimated value on the pricing date was approximately $975.40 per security.
Morgan Stanley Finance LLC offers structured, principal-at-risk notes tied to the Russell 2000® Index with an automatic early‑redemption feature and a 150% participation rate for upside. Each security has a $1,000 stated principal amount and may be automatically redeemed on June 30, 2027 for an early redemption payment of $1,150.60 if the underlier is at or above the call threshold.
If not redeemed, payment at maturity on June 26, 2031 depends on the final index level: investors receive principal plus the upside payment if the final level is above the initial level; they receive principal if the final level is at or above 70% of the initial level; if below 70% they suffer a pro rata loss of principal (1% loss per 1% index decline). All payments are unsecured obligations of MSFL and are guaranteed by Morgan Stanley and remain subject to the issuer’s credit risk.
Morgan Stanley Finance LLC offers structured, principal-at-risk notes due July 3, 2031, linked to the S&P 500® Index. Each security has a stated principal amount of $1,000, a fixed upside payment of $200, and a capped maximum payment of $1,800.
At maturity the payout equals principal plus the greater of the $200 upside payment or the index percent gain, subject to the $1,800 cap if the final level is at or above the 80% downside threshold. If the final level is below the 80% threshold, investors suffer a proportional loss (1% loss of principal per 1% index decline), potentially losing the entire investment. Estimated value on the pricing date was approximately $956.00 per security; agent commissions are $30 per security.
Morgan Stanley Finance LLC offers Principal at Risk securities due June 23, 2028 that are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 per security and a contingent coupon opportunity at an annual rate of 11.00%.
The notes pay contingent coupons only if the closing level of each underlier (BAC, C, JPM) is at or above its coupon barrier on observation dates and may be automatically redeemed early if all underliers meet their call thresholds on a redemption determination date. At maturity, if any underlier is below its downside threshold (50% of its initial level), investors suffer principal loss equal to the worst performing underlier’s decline; payments could be significantly less than principal or zero. All payments are subject to MSFL and Morgan Stanley credit risk.
Morgan Stanley Finance LLC priced Principal‑at‑Risk buffered notes linked to the worst performing of the Nasdaq‑100 and the S&P 500. The offering totals $24,200,000 in aggregate principal at a $1,000 per‑security issue price. The securities pay a fixed coupon of 7.50% per annum monthly and mature on November 2, 2027. Each security provides an 80% buffer (a 20% buffer amount) against declines in each underlier; if the final level of either underlier is below its buffer level, principal at maturity is reduced by 1.25% for each 1% decline of the worst performing underlier beyond the buffer, and could be zero. All payments are subject to MSFL's credit risk and the guarantee of Morgan Stanley. The estimated value on the pricing date was $994.80 per security.
The issuer, Morgan Stanley Finance LLC, is offering principal-at-risk auto-callable securities linked to the worst performing of AMD and NVIDIA. Each security has a $1,000 stated principal amount and a contingent coupon of 27.40% per annum payable only if both underliers meet coupon barrier tests on observation dates.
The notes may be automatically redeemed on specified redemption determination dates beginning December 17, 2026 if both underliers meet call thresholds. At maturity on June 23, 2028, if not called and the worst performing underlier is below its downside threshold (50% of initial level), the payment equals the stated principal times the performance factor and could be significantly less or zero. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC is offering Principal at Risk notes due July 22, 2027, fully guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and an upside payment of $165 (16.50%) if the final level of the State Street SPDR S&P Oil & Gas Exploration & Production ETF is at or above the downside threshold on the observation date of July 19, 2027. If the final level is below the downside threshold (80% of the initial level), the payment at maturity is the stated principal multiplied by the performance factor (final level/initial level), and investors may lose up to their entire principal. The pricing date and strike date are June 18, 2026, original issue date is June 23, 2026, and the estimated value on the pricing date is approximately $978.60 per security. Sales commissions are $10 plus a structuring fee of $1 per security. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC prices contingent-income memory auto-callable securities linked to the worst performing of the EURO STOXX 50® and the S&P 500®, with a $1,000 stated principal amount per security and an annual contingent coupon of 9.60%. The securities pay contingent coupons only if both underliers meet coupon barrier levels on observation dates and are subject to automatic early redemption on specified redemption determination dates. Final observation date is June 30, 2027 with maturity on July 6, 2027. The estimated value on the pricing date is approximately $985.80 per security. If at maturity the final level of either underlier is below its downside threshold (75% of initial level), investors suffer a pro rata principal loss equal to the decline in the worst performing underlier; payments could be significantly less than principal or zero. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering capped leveraged index return notes linked to a 15-stock basket with a maturity of approximately five years. The notes provide 150% participation in positive Basket performance subject to a Capped Value to be set on the pricing date (illustrative range: $28.00–$32.00 per unit). Each unit has a $10 principal amount; the original offering price is $10.00, and the issuer's initial estimated value on the pricing date is approximately $9.142 per unit. The notes do not pay periodic interest, expose investors to 1-to-1 downside (principal at risk), are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley, and all payments are subject to issuer/guarantor credit risk.
Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) offers principal-at-risk, auto-callable structured notes linked to the worst performing of the MDY and KRE ETFs. Each note has a $1,000 stated principal amount, an original issue price of $1,000, a pricing and strike date of June 26, 2026, a final determination date of June 26, 2031 and a maturity date of July 1, 2031. The securities can be automatically redeemed on scheduled determination dates for fixed early redemption payments (illustrative payments range from $1,108 to $1,513 per security). If not auto‑redeemed, payment at maturity will be $1,540 if both underliers meet call thresholds, the stated principal if both are above downside thresholds, or the stated principal multiplied by the performance factor of the worst performing underlier (losses of 1% for each 1% decline below the downside threshold). The estimated value on the pricing date is approximately $936.60 per security; all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC offers callable, principal-at-risk notes—Callable Contingent Income Securities—linked to the worst performing of the iShares 20+ Year Treasury Bond ETF, the Nasdaq-100 Index and the Russell 2000 Index. Each security has a $1,000 stated principal amount, a contingent coupon rate of 12.55% per annum and a maturity date of June 29, 2029. The securities pay contingent coupons only when the closing level of each underlier meets or exceeds its coupon barrier on observation dates; otherwise no coupon is paid for that interest period. Beginning on the first redemption date of December 31, 2026, Morgan Stanley may call the securities in whole if a risk neutral valuation model determination, as described, shows redemption is economically rational. If not called, payment at maturity returns the stated principal only if each underlier’s final level is at or above its downside threshold (each set at 70% of the initial level); otherwise investors receive an amount equal to the stated principal multiplied by the performance factor of the worst performing underlier and may lose a significant portion or all principal.
Morgan Stanley Finance LLC offers Principal-at-Risk, auto-callable securities fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, a fixed annual coupon of 11.75%, an original issue date of June 25, 2026 and maturity on June 30, 2027.
The securities pay the fixed coupon monthly and will be automatically redeemed early if, on a redemption determination date, the closing level of each index underlier (EURO STOXX 50®, Nikkei Stock Average, S&P 500®) is greater than or equal to its call threshold (100% of initial level). If not redeemed, payment at maturity depends on the worst performing underlier: investors receive full principal only if each final level is at or above its downside threshold (75% of initial level); otherwise principal is reduced by the percentage decline of the worst performing underlier and could be zero. The preliminary estimated value on the pricing date is approximately $979.90 per security. All payments are subject to issuer and guarantor credit risk; tax treatment and secondary market liquidity are uncertain.
Morgan Stanley Finance LLC priced Fixed Rate Callable Notes due June 27, 2031. Each note has a stated principal amount of $1,000, a semi-annual fixed interest rate of 4.650% per annum, and an original issue date of June 29, 2026. The notes are fully and unconditionally guaranteed by Morgan Stanley and are callable on specified redemption dates if a risk neutral valuation model determines redemption is economically rational for the issuer. The issuer estimates the notes' value at approximately $979.20 per note on the pricing date. Payments are subject to Morgan Stanley's credit risk and the notes will not be listed on any exchange.
Morgan Stanley Finance LLC is offering fixed rate callable notes due June 28, 2030, fully guaranteed by Morgan Stanley. Each note has a stated principal of $1,000, a stated coupon of 4.500% per annum paid semi‑annually, and an original issue date of June 29, 2026.
The notes are callable on June 28, 2027 and December 28, 2027 if a risk neutral valuation model determines redemption is "economically rational" using specified inputs; any call pays 100% of principal plus accrued interest. Proceeds are for general corporate purposes.
Morgan Stanley Finance LLC is offering fixed rate callable notes due June 29, 2033, fully guaranteed by Morgan Stanley. The notes have a stated principal of $1,000 per note, an interest rate of 4.850% per annum and semi-annual interest payments beginning December 29, 2026. The issuer may redeem the notes in whole on specified redemption dates if a risk neutral valuation model determination finds redemption economically rational; redemption price is 100% of principal plus accrued interest. The issuer estimates the note value on the pricing date at approximately $972.20 per note. Additional terms, fees and disclosures are in the related prospectus, prospectus supplement and tax supplement.
Morgan Stanley Finance LLC priced fixed rate callable notes due June 29, 2032 with a stated principal of $1,000 per note and a coupon of 4.750% per annum, payable semi‑annually. The notes are fully and unconditionally guaranteed by Morgan Stanley and callable on June 29, 2027 and December 29, 2027 if a risk neutral valuation model determines redemption is economically rational. The issuer estimates the note value on the pricing date at approximately $975.40 per note. Proceeds will be used for general corporate purposes. All payments remain subject to the issuer’s credit risk.
Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities linked to the S&P 500® Futures Excess Return Index with a 202% leverage factor and an 80% buffer (20% buffer amount). The stated issue price is $1,000 per security and the estimated value on the pricing date was approximately $983.10. At maturity on June 27, 2031, if the final level exceeds the initial level investors receive principal plus the leveraged upside; if the final level is between the buffer and initial level they receive principal; if the final level is below the buffer they incur losses beyond the buffer, subject to a minimum payment of 20% of principal. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to the issuer’s credit risk.
Morgan Stanley Finance LLC is offering Trigger Autocallable Contingent Yield Notes due June 29, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each $10 security pays a quarterly Contingent Coupon (actual rate to be set on the Trade Date within a range of 8.00% to 9.00% per annum) only if the S&P 500®, Russell 2000® and EURO STOXX 50® each close at or above their Coupon Barriers on an Observation Date. The securities are automatically called beginning September 28, 2026 if all three underlyings close at or above their Initial Underlying Values on an Observation Date, in which case holders receive principal plus the Contingent Coupon for that date.
If not called, at maturity holders receive $10 plus a payment linked to the performance of the Least Performing Underlying only if each Final Underlying Value is at or above its Downside Threshold (each set at 70% of the Initial Underlying Value). If any Final Underlying Value is below its Downside Threshold, holders suffer a principal loss proportionate to the decline of the Least Performing Underlying. All payments are subject to MSFL/Morgan Stanley credit risk. Minimum investment: $1,000 (100 Securities).
Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to Super Micro Computer, Inc. (SMCI). The securities are $1,000 per security, aggregate $400,000, with an original issue date of June 18, 2026 and maturity on December 20, 2027.
The notes pay a contingent coupon at an annual rate of 43.40% on each coupon date only if the closing level of the underlier meets the coupon barrier ($18.51, 60% of the initial level). The initial/strike level and call threshold equal $30.85. If not called and the final level is below the downside threshold ($18.51), maturity payment equals principal × (final level / initial level), so investors can lose up to their entire principal. Estimated value on the pricing date was $967.10 per security.
Morgan Stanley Finance LLC offers Callable Contingent Income Securities due May 18, 2028, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an 11.00% per annum contingent coupon payable only if all three underliers meet coupon barrier levels on each observation date. The securities are linked to the worst performing of the Nasdaq-100 Index, Russell 2000 Index and the KRE ETF; downside threshold levels are 60% of initial levels and coupon barriers are 70% of initial levels. The notes may be called beginning September 18, 2026 if a risk neutral valuation model indicates redemption is economically rational. At maturity, if any underlier is below its downside threshold, principal is reduced pro rata to the worst-performing underlier; otherwise investors receive principal (and any final coupon if payable). All payments depend on the issuer and guarantor creditworthiness.
Morgan Stanley Finance LLC priced a preliminary offering of Principal-at-Risk, contingent income auto-callable securities linked to the common stock of Conagra Brands, Inc. The notes have a $1,000 stated principal amount, a contingent coupon at an annual rate of 17.50%, and observation dates from August 10, 2026 through August 9, 2027. Automatic early redemption can occur on specified redemption determination dates beginning January 8, 2027. If not redeemed, maturity is August 12, 2027, with downside protection set at 68% of the initial level (both the coupon barrier level and the downside threshold level). All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC offers Trigger GEARS linked to a weighted basket of international indices with a July 1, 2031 maturity, fully guaranteed by Morgan Stanley. The securities pay no interest, have a $10 issue price and provide an Upside Gearing (indicative range 1.510–1.711) that multiplies any positive Basket Return. At maturity, if the Final Basket Level is below the Downside Threshold (75% of the Initial Basket Level), holders suffer principal loss proportionate to the negative Basket Return; if the Final Basket Level is at or above that threshold, principal is contingent on that outcome. Payments are subject to Morgan Stanley’s credit risk and the Calculation Agent (MS & Co.) has discretionary roles in valuation and Market Disruption determinations.
The Issuer Morgan Stanley Finance LLC is offering Principal at Risk securities linked to Salesforce, Inc. common stock with an aggregate principal amount of $2,507,000. Each security has a stated principal of $1,000, an original issue price of $1,000, an estimated value on the pricing date of $984.90, a contingent annual coupon of 15.00%, and a maturity date of March 18, 2027. The coupon is paid only if the closing level of the underlier on each observation date is at or above the coupon barrier of $98.401 (59.80% of the initial level). Investors face principal risk if the final level is below the downside threshold (also $98.401); payment at maturity would equal the stated principal times the performance factor (final level / initial level). The securities are callable on December 18, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer. All payments are subject to the issuer's and guarantor's credit risk.
Morgan Stanley Finance LLC is issuing structured Jump Notes with an aggregate principal amount of $653,000 tied to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. Each note has a stated principal of $1,000 and an upside payment of $74 per note (7.40%) paid at maturity July 20, 2027 if the worst performing underlier’s final level is greater than or equal to its initial level. If any underlier finishes below its initial level on the observation date, investors receive only the stated principal. All payments are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley; market and credit risk apply.
Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities due July 1, 2027, fully and unconditionally guaranteed by Morgan Stanley. The offering totals $13,000,000 at a stated principal amount of $1,000 per security. Each security pays a fixed upside payment of $76 (7.60%) at maturity if the S&P 500® Index final level is at or above a buffer level (15% below the initial level). If the final level is below the buffer, investors incur losses of 1.1765% of principal for each 1% decline beyond the 15% buffer; there is no minimum payment and principal could be lost. Key dates: strike/pricing June 15, 2026, original issue date June 18, 2026, observation date June 28, 2027 (subject to postponement), maturity July 1, 2027. The estimated value on pricing was $984.00 per security; agent commissions were $10 per security, with proceeds to issuer of $12,870,000.
Morgan Stanley Finance LLC priced Structured Investments — Enhanced Buffered Jump Securities linked to the S&P 500® Index with a stated principal of $1,000 per security and aggregate principal of $10,000,000. The securities mature on July 1, 2027 with an observation date of June 28, 2027.
At maturity, if the final level is at or above the buffer level (90% of the initial level), holders receive the stated principal plus a fixed $90 upside payment (9%). If the final level is below the buffer level, principal is reduced by 1.1111% for each 1% decline beyond the 10% buffer; there is no minimum payment and investors may lose their entire investment. The estimated value on the pricing date was $984.40 per security; the issue price was $1,000, including fees.
Morgan Stanley Finance LLC is offering Principal-at-Risk Dual Directional Jump Securities linked to the worst performing of Alphabet Inc. (GOOGL) and Amazon.com, Inc. (AMZN). The securities have a $1,000 stated principal amount, an issue date of June 18, 2026, and mature on June 21, 2029. They are auto-callable on the first determination date June 22, 2027 for an early redemption payment of $1,251 if both underliers meet their call thresholds. Upside participation is capped at an effective 150% participation on appreciation and positive absolute-return scenarios; downside exposure is full principal risk below the 60% downside thresholds. All payments are subject to the issuer and guarantor credit risk and the estimated value on the pricing date was $968.90 per security.
Morgan Stanley Finance LLC is offering unsecured, auto-callable structured notes due June 21, 2033, fully and unconditionally guaranteed by Morgan Stanley. The offering totals $1,618,000 in aggregate principal at an issue price of $1,000 per note.
The notes pay no interest, have an estimated value of $906.70 on the pricing date, and may be automatically redeemed on specified annual determination dates beginning June 15, 2027 if the Morgan Stanley Amplitude Index closes at or above the call threshold (set at 209.393). If not called, maturity payoff returns the stated principal plus 100% participation in underlier appreciation; if the final level is equal to or less than the initial level (207.32), investors receive only the stated principal.
Morgan Stanley Finance LLC priced a primary offering of structured, principal‑at‑risk notes — Buffered Jump Securities — with an aggregate principal amount of $5,558,000. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of $977.90. The securities pay no interest, are fully guaranteed by Morgan Stanley and feature an automatic early redemption on the first determination date for an early redemption payment of $1,225.50. If not called, maturity payment depends on the basket performance: a 125% participation rate on appreciation, a 15% buffer (buffer level 85) and a downside factor of 1.1765, meaning losses beyond the buffer reduce principal at maturity and could result in a total loss.
Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note program guaranteed by Morgan Stanley. The pricing supplement offers securities with a $1,000 stated principal per security, an aggregate principal amount of $100,000, an estimated value on the pricing date of $932.80, and a contingent annual coupon of 12.75%. The notes reference the S&P 500 Futures 40% Intraday 4% Decrement VT Index, pay coupons only if the underlier meets observation-date barriers, are auto-callable if the underlier reaches the call threshold (3,553.16), and repay principal at maturity only if the final level is at or above the downside threshold (2,131.896); otherwise payment at maturity is reduced pro rata by the performance factor. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC offers Callable Contingent Income Buffered Securities with a stated principal amount of $1,000 per security under an aggregate issuance of $2,500,000. These principal-at-risk notes reference the worst performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF.
The notes pay a contingent coupon of 10.90% per annum for each interest period only if the closing level of each underlier meets or exceeds its coupon barrier on the related observation date. If the final level of the worst performing underlier is below its buffer level (80% of initial) at maturity, principal is reduced 1% for each 1% decline beyond the buffer, subject to a minimum payment of 20% of principal. The securities are callable by the issuer beginning on September 18, 2026 based on a risk-neutral valuation model and are fully and unconditionally guaranteed by Morgan Stanley; all payments are subject to issuer credit risk.
Morgan Stanley Finance LLC prices Principal at Risk securities linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. The offering is for an aggregate principal amount of $100,000 at an issue price of $1,000 per security with an estimated value on the pricing date of $906.90. The notes carry an automatic early redemption feature beginning with the first determination date on June 22, 2027, a call threshold of 3,197.844 (90% of the initial level) and a downside threshold of 2,131.896 (60% of the initial level). If not called, maturity outcomes range from a fixed positive payment of $1,825.00 (if final level ≥ call threshold) to principal loss proportional to the index decline (payment could be zero) if final level < downside threshold.
Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note guaranteed by Morgan Stanley with a stated principal amount of $1,000 per security and an aggregate offering of $100,000. The securities mature on June 20, 2031 and pay a contingent coupon at an annual rate of 11.00% only if the underlier meets the coupon barrier on observation dates.
The underlier initial level was 3,553.16 (call threshold = initial level). The coupon barrier and downside threshold equal 60% of the initial level (2,131.896). If not auto‑redeemed and the final level is below the downside threshold, the payment at maturity equals the stated principal multiplied by the performance factor and could be significantly less than the principal, including zero. The estimated value on the pricing date was $903.90 per security; agent commissions were $42.50 per security.
The pricing supplement describes Morgan Stanley Finance LLC's offering of Structured Investments — Enhanced Buffered Jump Securities linked to the common stock of Broadcom Inc. The securities have a $1,000 stated principal amount, maturity on July 7, 2027, and an aggregate principal amount of $500,000. The notes pay a fixed upside payment of $242.90 (24.29%) at maturity if the final level is at or above an 80% buffer level. If the final level is below the buffer, investors lose 1.25% of principal for every 1% decline beyond the 20% buffer; there is no minimum payment. The securities are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; all payments are subject to the issuer's credit risk. The estimated value on the pricing date was $980.00 per security and the issue price was $1,000 (agent commission $10, proceeds to issuer $990 per security).
Morgan Stanley Finance LLC is offering Principal-at-Risk callable fixed income securities linked to the worst performing of four stocks with an aggregate principal amount of $671,000. Each security has a stated principal of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $984.30. The securities pay a fixed coupon of 13.35% per annum monthly, are callable beginning December 22, 2026, and mature on June 22, 2027. At maturity, if every underlier’s final level is at or above its downside threshold (65% of initial), investors receive principal; if any underlier is below its threshold, payment equals principal multiplied by the worst performing underlier’s performance factor, exposing investors to potential significant loss of principal, possibly to zero. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering Dual Directional Jump Securities due June 21, 2029, linked to Micron Technology, Inc. common stock and fully guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount, an aggregate principal amount of $5,519,000 and an estimated value on the pricing date of $925.40 per security.
The notes feature automatic early redemption on specified determination dates if the underlier is at or above the call threshold (70% of the initial level, $761.593). If not called, maturity payoffs depend on the final level versus a downside threshold (50% of initial, $543.995), with potential for full principal loss if the underlier falls below that threshold. Payments are subject to issuer credit risk and the securities do not pay interest.
Morgan Stanley Finance LLC offers contingent income, principal‑at‑risk auto‑callable securities linked to Netflix, Inc. common stock with a stated principal amount of $1,000 per security. The securities pay contingent coupons (actual rate determined on the pricing date, indicated 10.25%–11.25% p.a.) only if observation‑date barriers are met and feature automatic early redemption on specified dates prior to the June 29, 2029 maturity.
The preliminary pricing supplement shows an estimated value on the pricing date of approximately $959.90 per security and describes downside exposure: if the final level is below the downside threshold (set at 65% of the initial level), payment at maturity equals stated principal multiplied by the performance factor and may be significantly less than principal or zero. All payments are unsecured and subject to Morgan Stanley and MSFL credit risk.
Morgan Stanley Finance LLC priced a $6,289,000 offering of Principal-at-Risk Structured Buffered Jump Securities due June 21, 2028, sold at $1,000 per security. The notes feature an automatic early redemption test on June 28, 2027 with an early redemption payment of $1,233.50.
If not called, payments at maturity depend on the basket performance: a 125% participation rate on upside, a 20% buffer (buffer level = 80), and a 1.25 downside factor that amplifies losses beyond the buffer. The estimated value on pricing was $965.50 per security and net proceeds to the issuer were $6,194,665.
Morgan Stanley Finance LLC priced a contingent-income, memory auto-callable note tied to the common stock of Amazon.com, Inc.. The offering totals $6,220,000 of notes with a stated principal amount of $1,000 per security and an issue price of $1,000. The securities pay a contingent coupon at an annual rate of 10.50% on observation dates when the closing level of the underlier is at or above the coupon barrier ($172.214, 70% of the initial level). The initial level (closing) on the strike date was $246.02 and the final observation date is June 15, 2029 with maturity on June 21, 2029. Notes are automatically redeemed early if the closing level meets or exceeds the call threshold ($246.02) on any redemption determination date; otherwise principal at maturity is linked to the final level and may be reduced pro rata (performance factor = final level / initial level). All payments are subject to issuer and guarantor credit risk; estimated value on the pricing date was $966.40 per security.
The document is a pricing supplement for Morgan Stanley Finance LLC’s contingent income auto-callable notes due June 21, 2029, fully guaranteed by Morgan Stanley. The offering aggregates $9,200,000 in principal at a stated principal amount of $1,000 per security and an issue price of $1,000. The securities pay a contingent coupon of 8.50% per annum only when each of the three underliers—Dow Jones Industrial Average, Nasdaq-100 and Russell 2000—is at or above its coupon barrier on observation dates, feature automatic early redemption if all underliers meet call thresholds on a determination date, and expose investors to full downside on the worst-performing underlier at maturity below the 70% downside threshold.