MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Buffered PLUS notes that reference the S&P 500® Futures Excess Return Index and are fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount, 5-year term (issue date June 30, 2031 maturity), an 180% leverage factor, an 80% buffer (buffer level June 25, 2026 initial level 590.78), and a minimum payment at maturity of 20% of principal. The estimated value on the pricing date was $954.00 per security and the issue price is $1,000 (agent commissions of $37.50 per security), with aggregate principal offered of $1,062,000. Payments at maturity depend solely on the closing final level on the observation date and all payments are subject to issuer and guarantor credit risk.

The Dual Directional Trigger PLUS are principal-at-risk notes issued by Morgan Stanley Finance LLC and guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount, issue price $1,000 and aggregate principal of $160,000. At maturity on June 28, 2030, payoff is determined by the performance of the worst performing underlier: the Nasdaq-100 Index (initial 29,440.32) and the Russell 2000 Index (initial 3,007.858). If both underliers finish above their initials, investors receive principal plus 121% of the worst underlier's appreciation. If the worst underlier declines but stays at or above its 70% downside threshold, investors receive principal plus an absolute-return payment equal to 50% of the absolute decline (capped effectively at 15%). If the worst underlier finishes below its downside threshold, investors suffer losses on a 1:1 basis and could lose their entire principal. The securities pay no interest, are unsecured obligations, involve issuer credit risk, include a $32.50 selling commission per security, and had an estimated value of $942.30 on the pricing date.

Morgan Stanley Finance LLC priced Structured Investments Dual Directional Buffered Jump Securities due June 30, 2031, unsecured notes fully and unconditionally guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security and an aggregate principal amount of $845,000. The securities reference the S&P 500® Futures Excess Return Index and pay no interest.

At maturity the payout depends on the final index level relative to an initial level of 590.78 and a buffer level of 502.163 (85% of initial): investors receive either upside participation (including a fixed $525 upside payment) or an absolute-return feature when the index declines but stays above the buffer, and suffer a pro rata loss beyond the buffer subject to a 15% minimum payment.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes—Buffered Jump Securities—linked to the worst performing of the State Street® SPDR® S&P® Metals & Mining ETF (XME) and the VanEck® Gold Miners ETF (GDX). Each security has a $1,000 stated principal amount and may auto‑redeem on scheduled determination dates for increasing fixed early redemption payments. If not redeemed, investors receive $1,275.00 at maturity only if both underliers finish at or above their 15% buffer levels; otherwise the payout at maturity is reduced in proportion to the decline of the worst performing underlier, subject to a 15% minimum payment. All payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. The pricing date and strike date are June 25, 2026, original issue date June 30, 2026, final determination date March 26, 2029, and maturity March 29, 2029. The estimated value on the pricing date was $950.30 and the agent’s sales commission is $32.50 per security.

Morgan Stanley Finance LLC issued a contingent income, principal-at-risk note due June 30, 2031, guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an aggregate principal amount of $1,477,000. The securities pay a contingent coupon at an annual rate of 12.00% only if the underlier meets observation-date barriers. The underlier initial level is 1,352.96 (strike date June 25, 2026); the coupon barrier is 1,082.368 (80% of initial) and the buffer level is 1,150.016 (85% of initial) with a 15% buffer amount. If not auto‑redeemed, payment at maturity returns principal only if the final level is at or above the buffer; otherwise payment = principal × (performance factor + buffer amount) subject to a 15% minimum payment. The original issue price is $1,000 with an estimated value on the pricing date of $905.20. Agent commission was $46 per security; proceeds to issuer were $954 per security.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 28, 2029, fully guaranteed by Morgan Stanley. The offering is for 349 securities at a stated principal of $1,000 per security (aggregate principal $349,000), issued June 30, 2026. The notes reference the Russell 2000® and S&P 500® indices and are auto-callable on the first determination date of June 28, 2027 if both underliers trade at or above their call thresholds (100% of initial levels). Early redemption pays $1,125 per security. At maturity, if not auto-redeemed, payoff depends on the worst-performing underlier: investors receive principal plus an upside payment if both underliers finish above initial levels; principal only if both finish at or above 75% of initial levels; otherwise principal is multiplied by the worst-performing underlier's performance factor (downside exposure can fully eliminate principal). The participation rate is 125%. Estimated value on the pricing date was $945.10 per security and the issue price includes a $20 commission per security.

Morgan Stanley Finance LLC is offering market‑linked, auto‑callable principal‑at‑risk securities due July 11, 2029, fully guaranteed by Morgan Stanley. Each security has a face amount of $1,000, a participation rate of 150% in the positive performance of the lowest performing underlying, and an estimated value at pricing of $961.50 (±$30). The securities are linked to the lowest performing of the Nasdaq‑100, S&P 500 and Dow Jones Industrial Average. They are automatically called if each underlying’s closing level on the call date is at or above its starting level; the illustrative call payment is at least $1,180 (an 18% call premium). If not called, maturity payments depend on the lowest performing underlying versus its threshold (75% of its starting level), and holders may lose more than 25%, possibly all, of their investment. The pricing date is July 6, 2026 and the stated call date is July 9, 2027. The securities do not pay interest, are subject to issuer credit risk, and include distribution commissions and fees listed in the pricing supplement.

Morgan Stanley Finance LLC is offering market-linked notes tied to the iShares® Bitcoin Trust ETF with a five-year term maturing on July 3, 2031. Each note has a $1,000 principal and 100% participation in positive ETF performance up to a maximum return that will be set on the pricing date and will be at least $572.50 (a minimum cap of 57.25%), producing a maximum maturity payment of at least $1,572.50 per note. The issuer estimates the notes’ pricing‑date value at approximately $927.20 per note. The notes repay principal at maturity (subject to Morgan Stanley credit risk), do not pay interest, are not exchange‑listed, and carry liquidity, valuation, tax and bitcoin‑specific risks described in the supplement.

Morgan Stanley Finance LLC priced $11,385,000 of Digital S&P 500® Index‑Linked Notes due October 27, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and return either a capped cash payoff of $1,133.40 per $1,000 face amount if the S&P 500® closes at or above 90% of the initial level on the Determination Date, or a reduced cash settlement tied to the underlier return (with a 10% threshold and ~111.11% buffer factor) that can result in loss of principal. Trade Date is June 25, 2026; Determination Date is October 25, 2027, with maturity on October 27, 2027. The issuer estimates the notes' value at $997.50 per note on the Trade Date. All payments are subject to issuer credit risk and the notes are not listed.