Morgan Stanley SEC Filings

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.