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 is offering callable structured notes maturing on June 30, 2031 linked to the S&P 500® Futures Excess Return Index. Each note has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $934.60. The notes do not pay interest and include a call feature beginning on July 1, 2027 that permits early redemption if a risk neutral valuation model indicates redemption is economically rational for the issuer. If not redeemed, maturity payoff equals stated principal plus an upside payment equal to stated principal × 140% participation × underlier percent change when the final level exceeds the initial level; otherwise holders receive only the stated principal. All payments are unsecured and subject to Morgan Stanley’s credit risk. The notes will not be listed on any exchange.
Morgan Stanley Finance LLC priced Buffered Jump Securities (principal-at-risk notes) linked to the S&P 500® Index with an original issue price of $1,000 per security and aggregate principal of $2,000,000. The notes may be automatically redeemed on the first determination date (March 30, 2027) if the underlier is at or above the call threshold (7,580.06), paying $1,085 per security. If not called, maturity is June 3, 2030 with payoff rules: full principal plus an upside payment if the final level is above the initial level; full principal if final level is at or above the buffer level (80% of initial); and a loss equal to 1.25% per 1% decline beyond the 20% buffer if the final level is below the buffer. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities due July 2, 2027 — fully guaranteed by Morgan Stanley. The securities pay no interest and return depends on the worst performing of the Dow Jones Industrial, the Nasdaq-100® Technology Sector and the Russell 2000® Index.
Each security has a stated principal amount of $1,000, an upside payment of $108.50 (10.85%) if the worst performing underlier finishes at or above its 80% buffer level, and a buffer amount of 20%. If the worst performing underlier finishes below its buffer level, investors lose 1% for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 20% of principal. All payments are subject to the issuer’s and guarantor’s credit risk. Observation date is June 29, 2027, subject to postponement for non-trading days and market disruption events.
The pricing supplement describes a structured note, the Trigger PLUS, issued by Morgan Stanley Finance LLC and unconditionally guaranteed by Morgan Stanley. The offering totals $196,000 aggregate principal at $1,000 per security, with an original issue date of June 3, 2026 and maturity on June 3, 2030. Payment at maturity is linked to the worst performing of three underliers (Nasdaq-100® Technology Sector, Russell 2000®, S&P 500®). If the worst performing underlier finishes above its initial level, investors receive principal plus a 170% leverage on that appreciation; if each underlier finishes between initial level and the 70% downside threshold, investors receive principal; if the worst underlier finishes below its 70% threshold, investors lose 1% of principal for each 1% decline (principal could be fully lost). All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced contingent income, principal-at-risk notes due June 1, 2029 linked to the worst performing of Eli Lilly, IBM and Palantir stock. The securities pay a contingent coupon at an annual rate of 18.10% on observation dates only if each underlier is at or above its coupon barrier level, feature automatic early redemption if all underliers meet call thresholds on a redemption determination date, and return principal at maturity only if each underlier is at or above its 50% downside thresholds; otherwise payment at maturity equals $1,000 multiplied by the performance factor of the worst performing underlier, potentially resulting in significant principal loss.
The issue price is $1,000 per security, estimated value at pricing was $930.00, aggregate principal offered was $507,000, and agent commissions were $30 per security. Observation and redemption dates are listed and the final observation date is May 29, 2029 (subject to postponement for non-trading days and certain market disruption events).
Morgan Stanley Finance LLC is offering Buffered Participation Securities due July 5, 2029, fully guaranteed by Morgan Stanley and issued at a stated principal amount of $1,000 per security. The securities reference a four-stock basket (META, AMZN, GOOGL, NVDA) and include a 10% buffer against declines up to the buffer level and a 100% participation rate in appreciation subject to a $1,650 maximum payment at maturity. The estimated value on the pricing date was $944.80 per security, and the agent received a fixed sales commission of $38.50 per security. All payments are subject to MSFL credit risk and the securities do not pay interest; if the final level is below the buffer level, principal is lost on a 1:1 basis beyond the buffer, and the minimum payment at maturity is 10% of principal.
Morgan Stanley Finance LLC priced Dual Directional Trigger PLUS notes due June 3, 2031. The securities are principal‑at‑risk notes with a $1,000 stated principal amount and an aggregate principal amount of $1,419,000. The issue price is $1,000 per security and the estimated value on the pricing date was $953.80 per security. Payments at maturity depend on the S&P 500 Futures Excess Return Index closing level on the observation date: investors receive 180% leveraged upside if the final level is above the initial level (initial level 609.62), a capped positive payout if the final level is between the downside threshold (365.772) and the initial level, and a pro rata loss (1% loss for each 1% decline) if the final level is below the downside threshold. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced principal-at-risk notes linked to the worst performing of the Russell 2000 and S&P 500. The securities have a $1,000 stated principal amount, an issue price of $1,000 and aggregate principal amount of $2,306,000. The securities pay no interest and are fully and unconditionally guaranteed by Morgan Stanley. If on the observation date June 29, 2027 the final level of each underlier is at or above its downside threshold, holders receive the stated principal plus a fixed $116.50 upside payment (11.65%). If the final level of either underlier is below its downside threshold (75% of its initial level), the payout equals the stated principal multiplied by the performance factor of the worst performing underlier, and could be substantially less or zero. Payments are subject to issuer credit risk and other disclosures in the related supplements.
Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk securities due June 3, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The payoff at maturity is based on the worst performing of the iShares® Semiconductor ETF (SOXX) and the VanEck® Semiconductor ETF (SMH) observed on May 29, 2030. If the final level of the worst performing underlier is above its initial level, investors receive the stated principal plus a leveraged upside equal to 111% of that underlier’s appreciation. If the worst performing underlier is at or below its downside threshold (70% of its initial level) the principal is reduced pro rata by the underlier’s performance and could be zero. The securities pay no interest, carry issuer credit risk, have an estimated value on the pricing date of $942.60 per security, and an aggregate principal amount of $250,000.
Morgan Stanley Finance LLC is offering Principal at Risk Structured Investments — Buffered Jump Securities due June 30, 2031 (issued at $1,000 per security). The notes are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, and feature an automatic early redemption on the first determination date (July 2, 2027) for a fixed early redemption payment of $1,145.50 if the underlier meets the call threshold.
If not called, payment at maturity depends on the S&P 500® Futures Excess Return Index performance: investors receive principal plus an upside payment when the final level is above the initial level (participation rate 125%); full principal if the final level is ≥ the buffer level (buffer = 85% of initial); and a pro rata loss beyond the buffer, subject to a minimum payment of 15% of principal. The pricing date and strike date are June 25, 2026; the document shows an estimated value on pricing of ~$949.80 per security. All payments are subject to Morgan Stanley's credit risk and tax treatment is described as uncertain in the supplement.
Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Structured Investments: Buffered Jump Securities with an Auto-Callable feature linked to the MSCI Emerging Markets Index. The offering is for an aggregate principal amount of $8,421,000 at a stated principal amount of $1,000 per security. The securities mature on June 2, 2028 and may be automatically redeemed on the first determination date if the underlier is at or above the call threshold. Key economic terms include an early redemption payment of $1,173.70, a participation rate of 125%, a buffer amount of 15% (buffer level 1,489.328), and a downside factor of 1.1765. The estimated value on the pricing date was $977.20 per security; the issue price is $1,000 with agents' commission of $15 per security. These are principal-at-risk notes that do not pay interest and expose investors to issuer credit risk and potential loss of principal.
Morgan Stanley Finance LLC is offering Principal at Risk contingent income auto-callable securities 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 8.40% only when each underlier meets its coupon barrier on observation dates and are linked to the worst performing of the Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX) indices.
If the securities are automatically redeemed after a redemption determination date when each underlier meets the call threshold (100% of initial level), investors receive principal plus the contingent coupon. If not redeemed and the final level of any underlier is below its downside threshold (70% of initial level), payment at maturity equals the stated principal multiplied by the performance factor of the worst performing underlier and could be significantly less or zero. All payments are subject to issuer and guarantor credit risk. The final observation date is June 25, 2029 and maturity is June 28, 2029.
Morgan Stanley offers $50,000,000 of Fixed Rate Notes due 2027. The notes were priced May 29, 2026, issue date June 4, 2026, pay interest at 4.25% per annum in arrears with a single interest/payment date of August 4, 2027. Denominations are $1,000 per note and the notes will not be listed on an exchange. Payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC is issuing Dual Directional Buffered PLUS notes due June 3, 2031. Each security has a $1,000 stated principal amount and the offering aggregates $329,000. Payouts are tied to the worst performing of the EURO STOXX 50®, Nasdaq-100® and S&P 500® indices on the observation date.
Key economics: 180% leverage on upside of the worst underlier, a 30% buffer (70% buffer level), a capped positive return of 30% in the absolute-decline scenario, and a minimum payment at maturity of 30% of principal. The estimated value on pricing date was $970.80 per security and the issue price is $1,000 (agent’s fee $8, proceeds per security $992). All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes fully guaranteed by Morgan Stanley, with a stated principal of $1,000 per security and an aggregate principal amount of $144,000. The securities are linked to the worst performing of the S&P 500® and Russell 2000® indices, were priced and struck on May 29, 2026, have an original issue date of June 3, 2026 and mature on December 4, 2029. An automatic early redemption occurs if both underliers are at or above their call thresholds on the first determination date (June 3, 2027), producing an early redemption payment of $1,180 per security. At maturity, investors may receive the stated principal plus an upside payment if both underliers appreciate; if the worst performing underlier declines below its downside threshold (75% of its initial level), investors lose 1% of principal for each 1% decline in that underlier. Participation rate is 125%; estimated value on the pricing date is $972.00 per security. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC priced a structured note offering: Dual Directional Trigger PLUS linked to the worst performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index. The securities have a $1,000 stated principal amount, an original issue price of $1,000 and an estimated value on the pricing date of $962.90. The notes mature on June 3, 2030 with an observation date of May 29, 2030. Payments at maturity are determined by the worst performing underlier: (1) if both final levels exceed initial levels, investors receive principal plus a 138% leverage of upside; (2) if the worst underlier declines but remains at or above a 70% downside threshold, investors receive principal plus a positive absolute-return payoff with a 50% participation rate (effectively capped at 15%); (3) if the worst underlier falls below the downside threshold, investors suffer proportional principal loss (1% loss per 1% index decline), potentially losing the entire principal. All payments are subject to the issuer’s and guarantor’s credit risk and the securities do not pay interest.
Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 3, 2030, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The notes are linked to the worst performing of the Dow Jones Industrial Average, S&P 500® and Russell 2000® indices and include an automatic early redemption feature beginning on the first determination date of June 1, 2027. If not called, payoff at maturity depends on the final level of the worst performing underlier: full principal plus an upside payment when all underliers finish above their initial levels, return of principal if all underliers finish at or above 70% of initial levels, or a proportional loss equal to the decline of the worst performing underlier if it finishes below its 70% downside threshold. The participation rate for upside is 150%. Estimated value on the pricing date was $981.00 per security and the aggregate issuance is $100,000. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering $10,390,000 in Performance Leveraged Upside Securities (PLUS) due July 2, 2027, fully guaranteed by Morgan Stanley. Each PLUS has a $1,000 stated principal, a 300% leverage factor on upside subject to a $1,173 maximum payment, and full downside exposure to basket declines (1% loss in principal per 1% basket decline). The basket comprises five international indices with a pricing date of May 29, 2026 and an estimated value on the pricing date of $970.80 per PLUS. Payments depend on the basket closing value on the valuation date of June 29, 2027; all payments are subject to issuer credit risk.
Morgan Stanley Finance LLC offers Dual Directional Buffered Jump Securities due December 2, 2027, linked to the worst performing of the iShares Silver Trust (SLV) and the SPDR Gold Trust (GLD). The issue price is $1,000 per security and the aggregate principal amount is $100,000. The securities pay no interest and are principal-at-risk: investors may receive a fixed $500 upside payment if the worst performing underlier finishes at or above its initial level, may receive a capped positive payment if the worst performing underlier declines but remains at or above an 80% buffer, or will suffer losses if the worst performing underlier finishes below the 80% buffer, with a 1.25% downside factor applied to declines beyond the buffer. All payments are subject to MSFL's credit risk and are fully guaranteed by Morgan Stanley.
Morgan Stanley Finance LLC is offering $1,375,000 aggregate principal of Trigger PLUS notes linked to the MSCI EAFE® Index. Each security has a stated principal amount of $1,000, an original issue price of $1,000 and an estimated value on the pricing date of $972.
The notes mature on July 2, 2027 with payoff set by the closing index level on the observation date. Upside is leveraged at 200%. The maximum payment at maturity is $1,131 per security (113.10% of principal). If the final level is below the downside threshold of 2,649.935 (approximately 85% of the initial level), principal losses occur on a 1%-for-1% basis and the investment could be entirely lost. Agent commissions are $20 per security; proceeds to issuer are $980 per security.
Morgan Stanley Finance LLC offers Principal-at-Risk Contingent Income Auto-Callable Securities linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000® and the S&P 500®.
The securities have a stated principal amount of $1,000 per security, an issue price of $1,000 per security, and aggregate principal of $17,955,000. They pay a contingent coupon at an annual rate of 9.00% on each coupon payment date only if each underlier is at or above its coupon barrier on the related observation date. The securities are automatically redeemed early if, on any redemption determination date beginning November 30, 2026, the closing level of each underlier is at or above its call threshold; early redemption returns the stated principal plus the contingent coupon for that period. At maturity December 2, 2027, if any underlier’s final level is below its downside threshold (70% of its initial level), the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to potential loss of principal (down to zero).
Morgan Stanley Finance LLC priced Principal at Risk Buffered Participation Securities tied to the S&P 500® Index. Each security has a stated principal amount of $1,000 and an aggregate principal amount of $1,758,000. The securities mature on June 4, 2027 with an observation date of June 1, 2027.
At maturity the payout is: full principal plus 100% participation in positive index performance subject to a $1,148 maximum payment; full principal if final index level falls no more than 10% (the buffer); and a pro rata loss beyond the buffer with a 10% minimum payment. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC is issuing principal-at-risk structured notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with a stated principal amount of $1,000 per security and aggregate issuance of $190,000. The notes are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley.
The notes feature an automatic early redemption on the first determination date June 1, 2027 if the closing level of the underlier is ≥ the call threshold (3,804.93), producing an early redemption payment of $1,250. If not called, maturity is June 3, 2031 with payoffs that include a participation rate of 350% on appreciation, protection of principal only down to the downside threshold (1,902.465, 50% of initial), and full downside exposure below that level. Issue price is $1,000 with an estimated value on pricing of $945.20.
Morgan Stanley Finance LLC is offering Principal at Risk securities with an aggregate principal amount of $155,000. The securities are buffered, auto-callable notes due June 3, 2031, issued at $1,000 per security with an estimated value of $935.70 on the pricing date.
Payments: automatic early redemption occurs if the underlier meets the call threshold level 1,384.011 on a determination date (first determination date June 1, 2027). At maturity investors receive $1,812.50 if the final level is at or above the call threshold, the stated principal ($1,000) if the final level is at or above the buffer level 1,307.122, or a reduced principal reflecting the performance factor below the buffer (subject to a minimum payment of 15% of principal).
Morgan Stanley Finance LLC issues $344,000 aggregate of Principal at Risk securities fully and unconditionally guaranteed by Morgan Stanley, with a $1,000 stated principal amount per security. The securities are linked to the worst performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index and feature an automatic early redemption opportunity on the first determination date that pays $1,247.50 per security if each underlier meets its call threshold. If not redeemed, maturity payoffs depend on the worst performing underlier: investors may receive the stated principal plus an upside payment at a 150% participation rate, receive only principal, or suffer losses of 1% for each 1% decline in the worst performing underlier, potentially losing the entire investment. All payments are subject to Morgan Stanley credit risk and the estimated value on the pricing date was $977.50 per security.
Morgan Stanley Finance LLC priced a $1,291,000 aggregate issuance of Buffered PLUS principal-at-risk securities, each with a $1,000 stated principal amount and original issue price of $1,000. The securities reference the S&P 500 Equal Weight Index and the S&P 500 Index and are fully guaranteed by Morgan Stanley.
At maturity on June 2, 2031, payoff depends on the worst performing underlier as measured on the observation date May 28, 2031. Terms include a 170% leverage factor, a 10% buffer, a maximum payment of $1,802.50 per security and a minimum payment equal to 10% of principal. Estimated value on pricing date was $974.90. All payments are subject to the issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced principal-at-risk securities linked to the VanEck® Semiconductor ETF. Each security has a $1,000 face amount, a pricing date of May 29, 2026, and matures on June 1, 2029. The participation rate is 100%, the buffer amount is 25%, and the maximum return is 77.40 (maximum payoff $1,774.00 per security). The estimated value on the pricing date was $951.50 per security. The offering price to the public is $1,000 per security; total proceeds shown are $485,875 with aggregate public offering of $500,000.
The securities provide upside participation to a capped return and a fixed buffered downside (75% threshold); if the ending price is below the threshold, investors may lose up to 75 of face amount. The securities are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, and are subject to the issuer’s credit risk and limited secondary market liquidity.
Morgan Stanley Finance LLC priced Contingent Income Auto-Callable Securities due June 4, 2027, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. The offering is issued at $1,000 per security with an aggregate principal amount of $1,100,000 and an estimated value on the pricing date of $989.60 per security.
The notes pay a contingent coupon at an annual rate of 7.80% only if each underlier meets its coupon barrier on observation dates, are automatically redeemable on specified redemption dates if all underliers meet call thresholds, and at maturity expose investors to full principal loss tied to the worst performing underlier below a 60% downside threshold.
Morgan Stanley Finance LLC priced Buffered PLUS principal-at-risk securities fully guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security and an aggregate principal amount of $2,249,000. The securities reference the S&P 500® Futures Excess Return Index, have a strike date of May 27, 2026, an observation date of May 27, 2031 (subject to postponement), and mature on May 30, 2031.
Key economics: an initial level of 605.14, a leverage factor of 201.40%, a buffer amount of 20% (buffer level 484.112), and a minimum payment at maturity equal to 20% of stated principal. The estimated value on the pricing date was $980.10 and the issue price is $1,000 (agent commission $1.50 per security). The securities pay no interest and expose holders to Morgan Stanley credit risk and to full downside beyond the buffer.
Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities with Downside Factor linked to the MSCI Emerging Markets Index, due June 16, 2027. The securities have a stated principal amount of $1,000 per security and aggregate principal amount of $2,236,000. If the index final level is greater than or equal to the buffer level (90% of the initial level), each security will pay the stated principal amount plus a fixed upside payment of $151.40 (15.14%). If the final level is below the buffer level, investors lose 1.1111% of principal for every 1% decline beyond the 10% buffer, and there is no minimum payment at maturity; investors could lose their entire investment. All payments are unsecured and subject to Morgan Stanley Finance LLC's and Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced Principal at Risk Securities linked to the S&P 500® Index with a stated principal of $1,000 per security and an aggregate principal of $2,390,000. The issue price is $1,000 and the estimated value on the pricing date was $991.20. The strike and pricing date are May 29, 2026, the observation date is June 29, 2027 and the maturity date is July 2, 2027. Payments at maturity follow three scenarios: full upside (100% participation) up to a $1,105 maximum payment, an absolute-return feature if the final level is at or above an 85% buffer level, and pro rata losses beyond the buffer with a 15% minimum payment. The offering is sold to fee-based advisory accounts and all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC priced a primary offering of 1,483 market‑linked securities (face amount $1,000 per security), for total proceeds to the public of $1,483,000. The securities are auto‑callable, carry a contingent coupon of 10.50% per annum payable monthly if the lowest performing underlying meets its 70% coupon threshold on a calculation day, and mature on June 1, 2029 if not called. The estimated value on the pricing date was $959.20 per security, and the issuer received proceeds of $1,448,520.25 after agent commissions and fees. Investors are exposed to the lowest performing of three sector ETFs (XLE, XLK, XLV) and may lose more than 40% of principal if that underlying falls below 60% of its starting price at the final calculation day.
Morgan Stanley Finance LLC is offering principal-at-risk, market-linked securities due June 9, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 face amount and pays a contingent fixed return of 40% ($400) at maturity only if the lowest performing underlying stock closes at or above its 60% threshold price on the calculation day. If the lowest performing underlying stock closes below its threshold price, the maturity payment will be reduced pro rata based on that stock’s return, and investors can lose more than 40%, and possibly all, of their principal. The offering links payoff to the lowest performing common stock of Netflix, ServiceNow and Oracle; the document states an estimated value on the pricing date of $947.70 per security and an aggregate face amount of $3,367,000.
Morgan Stanley Finance LLC priced a $2,078,000 offering of principal-at-risk buffered participation securities 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, an estimated value on the pricing date of $986.70, a 15% buffer and a 100% participation rate with a maximum payment of $1,305.50 (130.55%). The securities mature on September 2, 2027 with an observation date of August 30, 2027. Investors receive downside protection only up to the buffer and face full principal risk beyond that point; all payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to the S&P 500® Index with a $1,000 stated principal amount per security and an aggregate principal amount of $14,248,000.
These principal-at-risk notes have a strike/pricing date: May 29, 2026, an observation date: June 11, 2027 and a maturity date: June 16, 2027. If the final level is at or above the 10% buffer, each security pays the stated principal plus a fixed $89.20 upside payment (8.92%). If the final level is below the buffer, losses are applied at a 1.1111% decrease in principal for each 1% decline beyond the buffer; there is no minimum payment and the securities could lose the entire principal. The estimated value on the pricing date was $985.00 per security and the agent commission disclosed is $10 per $1,000 security.
Morgan Stanley Finance LLC is offering Principal at Risk structured notes — unsecured, fully guaranteed by Morgan Stanley — linked to the worst performer of the S&P 500, Nasdaq-100 and Dow Jones Industrial Average. The issue is $1,000 per security, aggregate principal $199,000, original issue date June 3, 2026, maturity June 3, 2030. The notes feature an auto-call on specified determination dates, a 150% participation rate for upside at maturity, and a downside threshold at 70% of each initial level; principal can be lost if the worst underlier falls below its downside threshold.
Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 3, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities (stated principal amount $1,000 each) return at maturity is tied to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. If the worst performing underlier on the observation date is at or above its 70% downside threshold, investors receive principal plus the greater of the worst-underlier percent change or a $460 upside payment. If any underlier is below its 70% threshold, investors suffer a pro rata loss of principal (1% loss for each 1% decline), with no minimum payment and potential total loss of principal. The issue price is $1,000 (estimated value on pricing date $973.20), aggregate principal offered is $628,000, and commissions/fees reduce proceeds to the issuer.
The issuer Morgan Stanley Finance LLC, guaranteed by Morgan Stanley, priced an Auto-Callable Trigger PLUS due June 3, 2031 linked to the EURO STOXX 50® Index. The offering aggregates $20,107,000 of notes at a stated principal of $1,000 each. The securities pay no interest, carry principal-at-risk and will auto-redeem on 6/8/2027 (payment 6/11/2027) if the index closing value on the first determination date is at or above the initial index value, triggering a cash payment of $1,170.10 per security. If not called, maturity outcomes depend on the final index value: upside participation of 150% of index appreciation above the initial index value, full return of principal if the final index value is ≥ the downside threshold (75% of initial), or a proportional loss below that threshold (down to zero). The estimated value on pricing date was $955.60 per security. All payments are subject to issuer credit risk and the calculation agent is MS & Co..
Morgan Stanley Finance LLC priced a $640,000 offering of Principal at Risk Buffered Jump Securities due June 3, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, an issue price of $1,000 and an estimated value on the pricing date of $977.50.
The securities are linked to the worst performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index; they feature a 20% buffer, a 150% participation rate for upside, automatic early redemption on the first determination date and a minimum payment at maturity equal to 20% of principal.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes linked to the worst performing of the EURO STOXX 50®, Russell 2000® and S&P 500®. The securities carry a $1,000 stated principal amount and $1,312.50 fixed early redemption payment if all underliers meet call thresholds on the first determination date. At maturity investors either receive principal plus an upside payment (150% participation on the worst performing underlier), principal only, or a reduced payment proportional to the decline of the worst performing underlier, potentially losing the entire principal. All payments are unsecured and subject to Morgan Stanley’s credit risk. The first determination date is June 8, 2027 and maturity is June 3, 2030. The aggregate principal amount offered is $2,196,000.
The pricing supplement describes Morgan Stanley Finance LLC's offer of Dual Directional Buffered Participation Securities due September 2, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an aggregate principal amount of $2,045,000. The securities reference the Dow Jones Industrial Average and the S&P 500 Index and pay at maturity based on the worse-performing index on the observation date of August 30, 2027. Terms include a 19% buffer (buffer level = 81% of initial), a 100% upside participation rate subject to a $1,116.50 maximum upside payment, and a minimum payment at maturity of 19% of principal. The initial levels (strike date May 29, 2026) are INDU 51,032.46 and SPX 7,580.06. Estimated value on the pricing date was $987.40 per security. All payments are subject to issuer and guarantor credit risk; holders may lose a significant portion of principal if the worst-performing underlier falls below the buffer.
Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note—auto-callable and guaranteed by Morgan Stanley—linked to the worst performer of the Nasdaq-100® Technology Sector (NDXT) and the S&P 500® (SPX). The securities have a stated principal amount of $1,000 per security and an original issue price of $1,000. They pay a contingent coupon at an annual rate of 11.00% only if both underliers meet coupon barrier levels on observation dates. The securities may be automatically redeemed on specified determination dates for the stated principal plus the contingent coupon. If not redeemed, maturity payment is the stated principal if both underliers are at or above the 80% downside thresholds; otherwise the payment equals the stated principal × performance factor of the worst performing underlier, which can result in a substantial loss or zero. All payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC priced principal at risk notes due July 2, 2027 linked to the worst performing of the Russell 2000® and the S&P 500®. The offering totals $6,638,000 at a stated principal amount of $1,000 per security and an issue price of $1,000 per security.
The securities pay no interest. At maturity investors receive $1,000 + $101 if both underliers finish at or above their downside thresholds (70% of initial levels). If the worst performing underlier finishes below its downside threshold, the payment equals the stated principal amount multiplied by the underlier's performance factor, so investors may lose up to their entire principal. All payments are subject to MSFL's and Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced Structured Investments — Contingent Income Memory Buffered Auto-Callable Securities linked to Blackstone Inc. common stock. The securities are $1,000 principal per security, issued at $1,000 with an estimated value of $962, pay a contingent coupon only if observation-date levels meet a barrier, include an automatic early redemption feature, and return principal at maturity only if the final level meets the buffer; otherwise loss applies beyond a 24% buffer, with a 24% minimum payment.
Morgan Stanley Finance LLC is offering $737,000 aggregate principal amount of contingent income principal‑at‑risk securities, fully and unconditionally guaranteed by Morgan Stanley. The $1,000‑per‑security notes pay a contingent coupon of 7.20% per annum on observation dates if each underlier meets its coupon barrier and mature on December 2, 2027. The securities are linked to the worst performing of the S&P 500, Dow Jones Industrial Average and Russell 2000, use a 60% coupon barrier/downside threshold (measured from the strike levels on May 29, 2026), and expose investors to potential loss of principal proportional to the worst underlier’s decline. The estimated value on the pricing date was $990.00 per security and the issue price is $1,000.
Morgan Stanley Finance LLC priced Buffered PLUS notes due June 1, 2029, fully guaranteed by Morgan Stanley. The securities have a stated principal amount of $1,000 per security and aggregate principal amount of $1,257,000. They reference the iShares Expanded Tech-Software Sector ETF (IGV) with an initial level of $101.66 (strike date May 29, 2026) and an observation date of May 29, 2029.
Key economic terms: leverage factor 150%, maximum payment $1,610 (161% of principal), buffer 20% (buffer level $81.328), and minimum payment 20% of principal. The estimated value on the pricing date was $980.40. The notes pay no interest; at maturity returns depend solely on the closing final level relative to the initial level and buffer, and investors bear credit risk of MSFL and Morgan Stanley.
Morgan Stanley Finance LLC priced an auto-callable, principal-at-risk market-linked note due June 1, 2029 linked to the lowest performing of three underlyings: OIH Shares, the NDXT Index and XLU Shares. The securities have a 150% participation rate and a face amount of $1,000 per security.
The call payment is $1,400 (approximately a 40% call premium) on the call date, June 3, 2027. If not called, maturity payoffs depend on the lowest-performing underlying versus its starting and threshold levels; losses exceed 40% if the lowest underlying falls below its threshold.
Morgan Stanley Finance LLC is offering $776,000 aggregate principal amount of contingent income, principal-at-risk, auto-callable securities due June 3, 2031, fully guaranteed by Morgan Stanley. The notes pay a contingent annual coupon of 12.00% on observation dates when the underlier meets the coupon barrier, feature monthly early-redemption tests beginning November 30, 2026, and return principal at maturity only if the final level is at or above an 85% buffer; otherwise principal is reduced proportionally subject to a 15% minimum payment. The securities reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index (initial level 1,537.79) and are sold at $1,000 per security (estimated value on pricing date: $940.10). All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due June 3, 2031, fully and unconditionally guaranteed by Morgan Stanley. The stated issue price is $1,000 per security with an aggregate principal amount of $1,426,000. The securities pay no interest and expose investors to credit risk of the issuer and the guarantor. An automatic early redemption may occur on the first determination date (June 8, 2027) if each underlier meets its call threshold; the fixed early redemption payment is $1,385 per security. If not auto‑redeemed, maturity payoffs depend on the worst performing underlier: investors may receive the stated principal plus an upside payment (participation rate 300%), the stated principal, or a reduced payment that declines 1% for every 1% the worst performing underlier falls below its downside threshold (downside thresholds are 60% of initial levels). All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering Principal at Risk Callable Buffered Jump Securities due June 12, 2031, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities offer a 15% buffer and a 200% participation rate on upside; if the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a 15% minimum payment. The securities are callable beginning on June 21, 2027 based on the output of a risk neutral valuation model, with fixed scheduled redemption payments if called. The estimated value on the pricing date is approximately $931.80 per security. All payments are subject to Morgan Stanleys credit risk.