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 structured, auto-callable Jump Notes due June 8, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and an issue price of $1,000 per note; the estimated value on the pricing date was approximately $960.20. The notes pay no interest, are linked to the worst performing of IBM, Microsoft and Boeing common stocks, and feature an automatic early redemption opportunity on the first determination date of June 14, 2027 for an early redemption payment of $1,225 per note if each underlier meets its call threshold (100% of initial level). If not redeemed early, payment at maturity depends on the worst performing underlier with a 100% participation rate in upside; if any underlier’s final level is equal to or below its initial level, investors receive only the stated principal amount. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering Principal-at-Risk Jump Securities totaling $742,000 under a pricing supplement dated May 22, 2026. Each security has a $1,000 issue price and is fully and unconditionally guaranteed by Morgan Stanley.
The securities are auto-callable on the first determination date (June 1, 2027) if the underlier (the S&P 500® Futures Excess Return Index) is at or above the call threshold (initial level 601.21), in which case holders receive an early redemption payment of $1,211. If not called, maturity (May 26, 2033) payoffs depend on the final level: investors receive the principal plus an upside payment equal to the stated principal × 200% × underlier percent change if the final level exceeds the initial level; they receive the stated principal if the final level is between the initial level and the downside threshold (420.847, 70% of initial); and they suffer proportional principal losses below that downside threshold (performance factor = final/initial).
All payments are subject to Morgan Stanley's credit risk. The estimated value on pricing date was $972.40 per security, below the issue price, reflecting issuance, structuring and hedging costs borne by investors.
Morgan Stanley Finance LLC priced Buffered PLUS notes due May 27, 2032, unsecured and fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount, aggregate principal of $5,550,000, and pay no interest. At maturity the payout depends on an equally weighted basket of the SPX, SX5E and RTY indices: investors receive $1,000 plus 111.47% of basket appreciation if the final basket value is higher; redeem at par if the basket declines by up to 20% (the buffer); and suffer losses beyond the 20% buffer, subject to a $200 minimum per note. Estimated value on the pricing date was $946.60; all payments are subject to issuer credit risk and the notes will not be listed.
Morgan Stanley Finance LLC is offering Principal at Risk Callable Contingent Income Securities with a stated principal amount of $1,000 per security, aggregate principal amount $300,000, and an original issue price of $1,000 per security. The securities pay a contingent coupon at an annual rate of 13.20% only if, on each observation date, the closing level of all three underliers meets or exceeds coupon barrier levels. The notes are linked to the worst performing of the EURO STOXX 50®, Nasdaq-100® Technology Sector and Russell 2000® indices and are fully guaranteed by Morgan Stanley. Investors face principal loss equal to the percentage decline of the worst performing underlier below its downside threshold at maturity, potential for no coupons during the term, and early redemption at MSFL’s discretion based on a risk neutral valuation model. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk securities due June 17, 2031 linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a stated principal amount of $1,000, an estimated value on the pricing date of $906.90, and a 15% buffer level.
The notes carry an automatic early redemption feature beginning with the first determination date on June 15, 2027. If the underlier meets the call threshold (100% of the initial level) on a determination date, the securities pay a fixed early redemption amount (examples range from $1,180 to $1,885 across potential dates). If not called, maturity payments depend on the final level relative to the buffer: full principal if the final level is ≥ buffer, limited upside if the final level is ≥ call threshold, and pro rata losses beyond the 15% buffer with a minimum payment of 15% of principal.
Morgan Stanley Finance LLC is offering Principal at Risk auto-callable notes due May 30, 2028, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and the offering aggregates $335,000. The securities pay a fixed coupon at an annual rate of 22.30%, payable monthly, and have an estimated value on the pricing date of $967.80 per security. They are automatically redeemable on specified redemption determination dates if the closing level of each underlying stock (Adobe, Broadcom, Micron) is at or above its call threshold (each initial level). At maturity, if any underlier is below its downside threshold (55% of its initial level), the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, which can result in a substantial loss of principal, possibly to zero. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC priced a principal-at-risk structured note — contingent income memory buffered auto-callable securities linked to Amphenol Corporation Class A common stock. The securities have a $1,000 stated principal per security, aggregate principal of $500,000, an estimated value on the pricing date of $977.60, and a final maturity of June 8, 2027. They pay a contingent coupon at an annual rate of 12.00%, payable only if the closing level of the underlier meets the coupon barrier on observation dates, and include automatic early redemption if the underlier meets the call threshold on specified redemption determination dates. At maturity, if the final level is below the buffer level of $74.741 (approximately 59.86% of the initial level), investors suffer downside exposure amplified by a downside factor of 1.6706, which can result in loss of principal. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes linked to ServiceNow, Inc. stock, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and the offering aggregates $601,000. The notes pay a 26.28% per annum contingent coupon only if the underlier meets the coupon barrier on specified observation dates and may be automatically redeemed early if the underlier meets a call threshold. At maturity, if the final level is below the $71.491 buffer level (70% of the initial level), principal is reduced by 1.4286% for each 1% decline beyond the buffer, and the payment could be zero. The estimated value on the pricing date was $987.00 per security; the original issue price is $1,000 and dealer commissions reduce proceeds to the issuer to $990 per security. All payments are subject to the credit risk of Morgan Stanley.
Morgan Stanley Finance LLC offers contingent income auto-callable securities linked to the iShares U.S. Medical Devices ETF, fully and unconditionally guaranteed by Morgan Stanley. The securities have a stated principal amount of $1,000 per security and an aggregate principal amount of $750,000, an issue price of $1,000 and an estimated value on the pricing date of $962.60. These principal-at-risk notes pay a contingent coupon at an annual rate of 9.30% only if the underlier meets observation-date barriers, feature automatic early redemption on specified dates if the underlier reaches the call threshold, and expose investors to full downside risk if the final level is below the downside threshold.
The pricing supplement describes Morgan Stanley Finance LLC principal-at-risk structured notes linked to the S&P 500® Futures Excess Return Index. The notes: have a $1,000 stated principal per security, an original issue price of $1,000, a participation rate of 200%, an automatic call test on June 1, 2027 with a call threshold of 631.271, and mature on May 28, 2031. Payments are unsecured, guaranteed by Morgan Stanley, and subject to issuer credit risk. If not called, maturity payoff is upside participation if the final level exceeds the initial level (601.21), principal returned if final level ≥ 420.847, and pro rata loss below that threshold; losses can be up to the entire principal.
Morgan Stanley Finance LLC priced contingent-income, principal-at-risk notes linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with a $1,000 stated principal per security and original issue date June 17, 2026. The notes pay a contingent coupon (annual rate determined on the pricing date, indicated between 10.50% and 11.50%) only when the underlier meets the coupon barrier on specified observation dates, include an automatic early redemption feature beginning with a first redemption determination date of June 14, 2027, and return principal at maturity June 17, 2031 only if the final level is at or above the buffer level (buffer amount 15%, buffer level 85% of the initial level). If the final level is below the buffer level, investors suffer losses equal to declines beyond the buffer, subject to a minimum payment at maturity of 15% of principal. The estimated value on the pricing date was approximately $903.50 per security; the issue price is $1,000, which includes issuance, distribution and hedging costs. All payments are subject to MSFL credit risk and are fully and unconditionally guaranteed by Morgan Stanley.
Morgan Stanley Finance LLC is offering Principal at Risk notes due June 17, 2031, fully guaranteed by Morgan Stanley, that pay a contingent coupon and include an automatic early redemption feature.
The securities have a stated principal amount of $1,000 per security, an estimated value on the pricing date of approximately $903.00, an observation-based contingent coupon (annual rate to be set on the pricing date in the range 12.00% to 13.00%) and a buffer structure that protects the first 15% of underlier decline but subjects investors to losses beyond that buffer with a 15% minimum payment at maturity. Coupon and early redemption payments depend on the closing level of the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index on specified observation and redemption determination dates. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced Principal-at-Risk structured notes—Buffered Jump Securities with an auto-callable feature tied to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Stated principal amount is $1,000 per security and the issue price is $1,000 per security. The pricing and strike dates are June 12, 2026 and original issue date is June 17, 2026. Maturity is June 17, 2031. The estimated value on the pricing date is approximately $905.30.
The notes are subject to automatic early redemption beginning with the first determination date on June 15, 2027 if the underlier is at or above the call threshold (90% of the initial level). Investors receive fixed early redemption payments that imply roughly 13.00%–14.00% per annum if called. At maturity, payoff depends on the final level versus the call threshold and a 15% buffer: if final level < buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a 15% minimum payment. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk.
Morgan Stanley Finance LLC priced Structured Investments — Buffered Jump Securities with an auto-callable feature due June 17, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The securities can be automatically redeemed on scheduled determination dates beginning June 15, 2027 if the underlier closes at or above the call threshold. If not redeemed, a payment at maturity depends on the final level of the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index relative to a buffer equal to 85% of the initial level (buffer amount 15%); investors may receive a fixed positive payment if the final level is at or above the buffer or suffer losses beyond the buffer (loss of 1% of principal per 1% index decline beyond the buffer), subject to a minimum payment of 15% of principal. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC is offering Trigger PLUS principal‑at‑risk securities fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, a leverage factor of 267%, a pricing/strike date of June 12, 2026, an original issue date of June 17, 2026, an observation date of June 13, 2033 and a maturity date of June 16, 2033. The securities pay no interest; at maturity investors receive the stated principal plus 267% of the underlier appreciation if the final level is greater than the initial level. If the final level is below an 80% downside threshold of the initial level, investors incur a loss equal to the percent decline in the underlier (no minimum payment). The pricing date estimated value was approximately $944.60 per security. All payments are subject to issuer and guarantor credit risk and the securities are not FDIC insured.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes fully guaranteed by Morgan Stanley that reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities feature a 20% buffer (buffer level = 80% of initial level), an automatic early‑redemption (auto‑call) schedule beginning with a first determination date of June 15, 2027, and a final determination date of June 12, 2031 with maturity on June 17, 2031. If not called, payout at maturity depends on the final index level: a fixed positive payment if the final level is at or above the call threshold, return of principal if it is at or above the buffer level, and a loss of 1% of principal for each 1% index decline beyond the buffer (subject to a minimum payment of 20% of principal). The pricing date and strike date are June 12, 2026; the estimated value on the pricing date is approximately $907.90 per security. All payments are subject to issuer and guarantor credit risk and tax treatment is uncertain.
Morgan Stanley Finance LLC priced a series of principal-at-risk, fixed-coupon, auto-callable notes due June 17, 2031 tied to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of Approximately $919.10. The notes pay a monthly fixed coupon (to be set on the pricing date) in a disclosed range of 7.00%–8.00% per annum, feature automatic early redemption beginning with a redemption determination date of June 14, 2027, a 15% buffer (buffer level = 85% of initial level) and a minimum payment at maturity equal to 15% of principal. Payments are unsecured obligations of MSFL and are unconditionally guaranteed by Morgan Stanley and are subject to the issuer’s credit risk.
Morgan Stanley Finance LLC offers contingent-income, principal-at-risk notes due June 17, 2031 backed by a full guarantee of Morgan Stanley. The securities are sold at an original issue price of $1,000 per security and pay a contingent coupon (actual rate set on the pricing date) of 9.75% to 10.75% per annum when the underlier meets the coupon barrier on observation dates. The underlier is the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index (established March 14, 2022).
The notes are auto-callable starting from the first redemption determination date June 14, 2027 if the closing level of the underlier is at or above the call threshold (90% of the initial level). At maturity, if not redeemed earlier, investors receive principal if the final level is at or above the buffer level (85% of the initial level); if the final level is below the buffer, payment = $1,000 × (performance factor + 15%), subject to a 15% minimum payment at maturity. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due June 17, 2031 (issued with a $1,000 stated principal amount per security) that are fully and unconditionally guaranteed by Morgan Stanley. The notes pay a contingent coupon (the actual annual rate was determined on the pricing date and is indicated as 9.00% to 10.00% range in the preliminary terms) only when the closing level of the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index meets or exceeds specified observation‑date thresholds. The securities feature automatic early redemption starting with a first redemption determination date of June 14, 2027, a 20% buffer above which principal is protected at maturity, and a minimum payment at maturity of 20% of principal. If the final index level is below the buffer, investors suffer proportional losses beyond the buffer. The preliminary pricing lists an estimated value on the pricing date of approximately $905.00 per security and states the original issue price is $1,000 per security.
Morgan Stanley Finance LLC is offering Principal at Risk notes due June 17, 2031, fully guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security. The securities pay a contingent coupon only if the underlier meets coupon barrier tests on observation dates and feature an 85% buffer level (15% buffer amount) and a minimum payment at maturity of 15% of principal. The underlier is the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Automatic early redemption can occur on specified redemption determination dates beginning June 14, 2027, for the stated principal plus any contingent coupon then payable. The estimated value on the pricing date was approximately $903.20 per security; the issue price is $1,000. All payments are subject to the issuer’s and guarantor’s credit risk.
Morgan Stanley Finance LLC priced a contingent principal-at-risk market-linked security linked to the lowest-performing share of NVIDIA, Alphabet (Class A) and Micron, with a $1,000 face amount and an estimated value of $932.40 on the pricing date. The notes mature on June 1, 2029 with automatic call mechanics beginning on June 3, 2027. If called, the call payment will be at least $1,360.50 (a call premium of at least 36.05%). If not called, the payout depends on the lowest performing underlying stock, with a 300% participation rate for positive returns above the starting price, a capped positive payout of $500 above face amount, and full downside exposure if any underlying stock falls below its threshold price (50% of starting price). The document discloses commissions and distribution arrangements and warns that all payments are subject to Morgan Stanley credit risk and limited secondary-market liquidity.
Morgan Stanley Finance LLC offers Structured Investments Buffered Jump Securities with an auto-callable feature due May 31, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $939.90 per security.
The securities pay no regular interest, can be automatically redeemed on specified determination dates for fixed early redemption payments (approximately 12.00% per annum equivalent: $1,120, $1,240, $1,360 on the three early redemption dates) and, if not called, pay at maturity either a fixed positive payment ($1,480) if all underliers meet call thresholds, the stated principal if all underliers remain above buffer levels, or a reduced payment tied to the worst performing underlier if any underlier is below its 75% buffer level (buffer amount 25%; minimum payment at maturity 25% of principal).
Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities tied to Amazon.com, Inc. common stock due December 21, 2027. Each security has a face amount of $1,000 and a contingent fixed return to be set on the pricing date of at least 26.20%. If the ending price on the calculation day is at or above the threshold (85% of the starting price), holders receive the face amount plus the contingent fixed return; if the ending price is below the threshold, holders suffer a 1-to-1 loss based on the underlying return and may lose more than 15% or all principal. The document discloses an estimated value on the pricing date of approximately $963.50 per security (within $35.00). Pricing date is June 16, 2026, original issue date June 22, 2026, calculation day December 16, 2027 and maturity December 21, 2027. The offering includes distribution commissions and potential dealer fees; purchasing clients with Morgan Stanley discretionary accounts are not permitted to buy these securities.
Morgan Stanley Finance LLC is offering Structured Investments — Buffered Jump Securities fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest, carry principal-at-risk, and feature an automatic early redemption if the underlier meets the call threshold on the first determination date. Key economic terms in this pricing supplement include a participation rate of 125%, a buffer amount of 15% (buffer level 85), a downside factor of 1.1765, an early redemption payment of $1,225.50 per $1,000 security, an estimated value on the pricing date of approximately $980.60, an issue price of $1,000, an original issue date of June 18, 2026, and a maturity date of June 21, 2028. All payments are subject to the issuer’s and guarantor’s credit risk; holders may lose some or all principal.
Morgan Stanley Finance LLC offers structured, principal-at-risk notes — Dual Directional Buffered Jump Securities — with a $1,000 stated principal per security and an original issue price of $1,000 per security. The notes are linked to the worst performing of Alibaba (BABA), NIKE (NKE) Class B and NVIDIA (NVDA) common stock, are fully and unconditionally guaranteed by Morgan Stanley, feature an automatic early redemption test on June 1, 2027 and mature on June 2, 2028. The securities pay no regular interest, include a 35% buffer (buffer level = 65% of initial level), a capped upside participation of 200% on the worst-performing underlier, an early redemption payment of $1,465 (first determination date), and expose investors to credit risk of MSFL/Morgan Stanley and to losses if the worst-performing underlier falls below its buffer.
Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS notes due June 29, 2028 with a stated principal amount of $1,000 per security and an estimated value at pricing of approximately $982.90. The notes reference the Dow Jones Industrial Average and the S&P 500® Index and pay at maturity based on the worst performing underlier.
Payoff mechanics: upside pays 105% of appreciation of the worst performing underlier; a 15% buffer applies to declines (absolute return participation is 100% within the buffer); if the worst performing underlier falls below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a 15% minimum payment at maturity. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering principal-protected market-linked notes tied to the worst performing of the Russell 2000® and S&P 500® indices. Each note has a $1,000 stated principal amount, 100% participation in upside subject to a $1,125 maximum payment, and matures on June 6, 2028. The notes pay no interest; at maturity investors receive the stated principal plus an upside payment only if the final level of the worst performing underlier exceeds its initial level. Estimated value on the pricing date is approximately $965.40 per note. All payments are unsecured and subject to Morgan Stanley’s credit risk; the notes will not be listed for trading.
Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering auto-callable, principal-at-risk notes linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and an original issue price of $1,000.
The securities pay no interest, may be automatically redeemed on the first determination date of June 4, 2027 for an early redemption payment of $1,217.50 if the underlier is at or above the call threshold (107% of the initial level). If not called, maturity is June 2, 2031; the participation rate for upside is 265%. The downside threshold is 75% of the initial level; below that level investors suffer proportional principal loss and could lose the entire investment.
All payments are subject to Morgan Stanley credit risk. The estimated value on the pricing date was approximately $976.80 per security.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes due June 21, 2028 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and offers an automatic early redemption feature and a buffered downside before principal losses apply.
If not auto‑redeemed, investors receive at maturity either the stated principal plus an upside payment (if the final level is above the initial level), the stated principal (if the final level is at or above the buffer level of 80), or a reduced payment reflecting losses beyond the buffer multiplied by a downside factor (could be zero). The securities do not pay interest, carry issuer credit risk, and have an estimated value on the pricing date of approximately $972.00 per security.
Morgan Stanley Finance LLC is offering structured, principal‑at‑risk auto‑callable notes linked to International Business Machines Corporation (IBM) stock with a stated principal amount of $1,000 per security. The notes pay a contingent coupon of 10.90% per annum on observation dates when the underlier meets the coupon barrier, feature automatic early redemption if the underlier meets a call threshold, and expose holders to full downside risk if the final level is below the downside threshold; payment at maturity equals principal if the final level is at or above the downside threshold, otherwise principal is multiplied by the performance factor (final level / initial level), potentially resulting in a total loss. The estimated value on the pricing date was approximately $968.50 per security. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities linked to the S&P 500® Index, with a $1,000 stated principal per security and a maturity date of July 1, 2027. The securities pay no interest, have a fixed upside payment of at least $90 (9%) if the final level is at or above a 90% buffer level, and expose investors to a downside factor of 1.1111 for losses beyond a 10% buffer; the estimated value on the pricing date was approximately $984.40 per security. All payments are subject to MSFL and Morgan Stanley credit risk and there is no minimum payment at maturity.
Morgan Stanley Finance LLC offers structured, principal-at-risk notes tied to the worst performer of GOOGL, META and NVDA. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The securities may be automatically redeemed on June 16, 2027 for an early redemption payment of $1,250 if each underlier meets its call threshold. If not redeemed, payment at maturity on June 15, 2029 depends on the worst performing underlier: upside participation is 300% (capped), absolute return participation is 100%, and downside exposure applies if any underlier falls below a 50% threshold of its initial level. The document states an estimated value on the pricing date of approximately $951.30 per security and notes all payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC offers Principal at Risk callable contingent income securities linked to the worst performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index. The securities are $1,000 denominations, mature on December 2, 2027, and pay a contingent coupon of 12.00% per annum only if each underlier’s closing level meets its coupon barrier on observation dates. If any underlier is below its downside threshold (70% of initial level) at maturity, principal is reduced in proportion to the worst performing underlier; loss could be total. The issuer may call the notes on specified redemption dates beginning December 3, 2026 if a risk neutral valuation model indicates calling is economically rational. All payments are subject to Morgan Stanley’s credit risk.
Morgan Stanley Finance LLC is offering Principal at Risk structured notes — "Dual Directional Trigger Jump Securities" due June 3, 2031 — linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by Morgan Stanley.
Each security has a stated principal amount and issue price of $1,000. The estimated value on the pricing date was approximately $956.70. The notes pay no interest; maturity payoffs depend on the final index level relative to the initial level, an 85% downside threshold, a 100% absolute return participation rate and an upside payment of at least $592.50 (59.25% of principal). All payments are subject to issuer 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 a stated maturity of July 1, 2027. The securities pay no interest and expose investors to principal loss: a 15% buffer applies and, if the final level is below that buffer, investors lose 1.1765% of principal for every 1% decline beyond the buffer. If the final level is at or above the buffer, investors receive the stated principal plus an upside payment of at least $76 (7.60%) per security. The document shows an estimated value on the pricing date of approximately $984 per security and an issue price of $1,000 (agent commission $10, proceeds to issuer $990). All payments are subject to issuer and guarantor credit risk, and there is no minimum payment at maturity.
Morgan Stanley Finance LLC offers Principal-at-Risk structured notes due June 9, 2031 linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with a stated principal amount of $1,000 per security and a contingent coupon rate of 11.75% per annum.
The notes pay contingent coupons only when the underlier meets the coupon barrier (80% of the initial level) on observation dates, feature automatic early redemption if the underlier equals or exceeds the call threshold (100% of the initial level) on a redemption determination date, and provide a buffer of 15% (buffer level = 85% of initial) with a minimum payment at maturity of 15% of principal. Estimated value on the pricing date was approximately $900.80 per security.
Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due September 16, 2027 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an $160 upside payment (16%) if the final level of each underlier is at or above its 75% downside threshold on the observation date. If the final level of any underlier is below its 75% 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. The securities reference the Nasdaq-100 Technology Sector, the Russell 2000, and the S&P 500, are linked to the worst performing underlier, and carry issuer credit risk. The pricing/strike and pricing date are June 12, 2026, the original issue date is June 17, 2026, and the observation date is September 13, 2027. The estimated value on the pricing date is approximately $980.40 per security.
Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Structured Investments — Enhanced Buffered Jump Securities due August 31, 2027.
Each security has a $1,000 stated principal amount, a fixed $123 upside payment (12.30%) if the final level on the observation date is at or above the buffer level, a 20% buffer (buffer level $148.112 from an initial level of $185.14), and a minimum payment at maturity of 20% of principal. The securities pay no interest; if the final level is below the buffer level, holders lose 1% of principal for each 1% decline beyond the buffer, subject to the minimum payment. The estimated value on the pricing date is approximately $991.30 per security. All payments are subject to Morgan Stanley Finance LLC credit risk and Morgan Stanley’s guarantee.
Morgan Stanley Finance LLC priced buffered jump securities linked to the S&P 500® Index due June 24, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an upside payment of $118.50 (11.85%) and a 10% buffer on downside performance. The initial level is 7,519.12 (strike date close) and the observation date is June 22, 2027; payment at maturity depends on the final level relative to the initial level and the buffer, and the minimum payment at maturity is 10% of principal. All payments are subject to Morgan Stanley Finance LLC’s credit risk and the securities pay no interest.
Morgan Stanley Finance LLC is offering principal‑at‑risk, contingent‑income, memory auto‑callable securities linked to CoreWeave, Inc. class A common stock. Each security has a $1,000 issue price, a contingent coupon at 28.90% per annum and matures on June 1, 2029. Coupons are paid only if the underlier meets the coupon barrier on observation dates; early automatic redemption occurs if the underlier meets the call threshold on redemption determination dates. If not redeemed and the final level is below the downside threshold, investors lose principal in direct proportion to the underlier’s decline. Estimated value at pricing was approximately $949.40 per security; all payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering Trigger Autocallable Notes linked to the Russell 2000® Index with an Issue Price of $10.00 per Security and a term through the Maturity Date: May 30, 2031. The notes pay no interest and may be automatically called on quarterly Observation Dates beginning June 3, 2027 if the Closing Level of the Underlying is at or above the Initial Level; a fixed Call Return Rate (to be set on the Trade Date) in the range 9.25% to 9.75% per annum determines the Call Return if called. If not called, holders receive principal at maturity only if the Final Level is at or above a Downside Threshold set at 75% of the Initial Level; if the Final Level is below that threshold, holders suffer a principal loss proportional to the Underlying Return. Payments are subject to issuer credit risk. The Trade Date is May 28, 2026 and the required minimum investment is $1,000.
Morgan Stanley Finance LLC offers Trigger PLUS linked to the S&P 500® Index due June 3, 2032, fully and unconditionally guaranteed by Morgan Stanley. These principal-at-risk notes pay no interest; at maturity investors receive $1,000 plus a 102.25% leverage on any index appreciation, receive $1,000 if the final index value is at or above a trigger set at 75% of the initial index value, and receive an amount proportional to index performance if the final index value is below the trigger (potentially a total loss).
The pricing date is May 28, 2026, estimated value on pricing was $951.70 per note and the stated issue price is $1,000. Secondary market liquidity may be limited and all payments are subject to issuer credit risk.
Morgan Stanley Finance LLC priced a $1,080,000 offering of market‑linked, principal‑at‑risk securities due June 3, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 face amount and offers a 6.00% contingent fixed return if the lowest performing of the Nasdaq‑100, Dow Jones Industrial and S&P 500 indices finishes on or above 65% of its starting level on the calculation day.
The securities pay $60 per $1,000 at maturity when the lowest performing underlying is at or above its threshold; if the lowest performing underlying finishes below its threshold, the investor receives $1,000 plus the underlying return of that lowest performing index, exposing holders to losses greater than 35% and possibly to the full loss of principal. The pricing date was May 21, 2026, the estimated value on the pricing date was $967.10 per security, and the calculation day is May 28, 2027.
Morgan Stanley Finance LLC priced a market-linked, auto-callable principal-at-risk security linked to the common stock of Expedia Group, Inc. with a face amount of $1,000 per security and a contingent coupon rate of 12.20% per annum.
The securities pay quarterly contingent coupons only if the underlying stock’s closing price on each quarterly calculation day is at or above the coupon threshold of $109.06 (50% of the $218.12 starting price). The notes may be automatically called beginning August 2026 if the stock closing price on a calculation day is at or above the call threshold of $196.308 (90% of the starting price). At maturity on May 24, 2029, if not called, principal repayment depends on the ending price relative to the downside threshold of $109.06; an ending price below that level results in principal loss on a 1-to-1 basis.
The pricing date was May 21, 2026, the estimated value at pricing was $958.40 per security, the price to public is $1,000 per security and the total offering size shown is $1,559,000.
Morgan Stanley Finance LLC is offering unsecured, auto-callable Structured Investments (Jump Notes) due May 24, 2030, fully guaranteed by Morgan Stanley. The notes pay no interest, have a stated principal amount of $1,000 per note and an aggregate principal amount of $1,615,000. Automatic early redemption will occur if each underlier (Alphabet Class C, Amazon, Broadcom) is at or above its call threshold on the first determination date (May 28, 2027), producing an early redemption payment of $1,152.50 per note. If not auto-redeemed, maturity payment depends on the worst performing underlier: investors receive the stated principal plus an upside payment equal to the stated principal × 125% participation × the percent change of the worst performing underlier if all final levels exceed their initial levels; otherwise investors receive only the stated principal. The estimated value on the pricing date was $961.40 per note. All payments are subject to the issuer’s and guarantor’s credit risk; the notes will not be listed on any exchange and include a $25 per note sales commission.
Morgan Stanley Finance LLC priced principal-at-risk securities aggregating $589,000.
The securities are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, issued at $1,000 per security with an estimated value on the pricing date of $957.80. They mature on June 6, 2029 and reference the S&P 500® Index with an initial level of 7,432.97 (strike date May 20, 2026) and an observation date of June 1, 2029. Investors participate at a 100% participation rate up to a $1,288.50 maximum payment per security (128.85% of principal). A 20% buffer applies (buffer level 5,946.376), and the minimum payment at maturity is 20% of principal. All payments are subject to Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. The securities have a $1,000 stated principal amount per security and an aggregate principal amount of $4,662,000. They pay a contingent coupon at an annual rate of 10.85% only when each underlier is at or above its coupon barrier on an observation date, feature automatic early redemption beginning on May 21, 2027, and mature on May 25, 2028.
If not called, investors receive principal at maturity only if each underlier is at or above its downside threshold (70% of initial levels); otherwise payment equals principal multiplied by the performance factor of the worst performing underlier, exposing investors to full principal loss. All payments are subject to issuer and guarantor credit risk.
Morgan Stanley Finance LLC is offering Structured Investments — Contingent Income Auto-Callable Securities due February 25, 2028 — fully and unconditionally guaranteed by Morgan Stanley. The pricing supplement shows a stated principal amount of $1,000 per security and an aggregate principal amount of $3,800,000, with an issue price of $1,000 per security and an estimated value on the pricing date of $990.20 per security.
The notes pay a contingent coupon at an annual rate of 9.40% on each coupon payment date only if the closing level of both underliers (the Nasdaq-100 Index and the S&P 500 Index) is at or above their coupon barrier levels on the related observation dates. The securities are automatically redeemed early if both underliers meet the call thresholds on a redemption determination date; otherwise, at maturity investors either receive principal (if both underliers are at or above the downside thresholds) or suffer a loss tied to the worst performing underlier, potentially losing all principal.
Morgan Stanley Finance LLC priced contingent income, memory auto-callable notes linked to Bloom Energy class A common stock. The notes have a $1,000 stated principal amount, aggregate offering of $900,000 and a 37.00% annual contingent coupon payable only if observation-date levels meet the coupon barrier.
The securities are automatically redeemable on specified dates if the closing level equals or exceeds the call threshold of $307.88. If not auto‑redeemed, maturity payment is full principal if the final level is at or above the downside threshold ($153.94, 50% of initial); otherwise payment equals stated principal multiplied by the performance factor and could be significantly less or zero. All payments are subject to MSFL's and Morgan Stanley's credit risk.
Morgan Stanley Finance LLC priced principal-at-risk, auto-callable notes linked to the Global X Uranium ETF. The offering totals $2,720,000 in aggregate principal, with a stated principal amount of $1,000 per security and an estimated value on the pricing date of $953.10. The notes pay no interest, are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. The notes may be automatically redeemed on four determination dates beginning May 28, 2027 for fixed early redemption payments (example: $1,192.50 on the first early redemption). If not redeemed, maturity is May 25, 2028; payment at maturity is either a fixed positive amount ($1,385.00) if the final level is at or above the downside threshold ($29.316, 60% of the initial level) or a principal-loss payment equal to the performance factor × principal that could be significantly less than principal or zero. All payments are subject to Morgan Stanley's credit risk.