MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering market‑linked, principal‑at‑risk securities due July 30, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 face amount and a contingent fixed return of at least 34.70% ($347) per face amount if the lowest performing underlying stock closes at or above its 60% threshold. If the lowest performing underlying stock closes below its threshold, holders bear the full downside tied to that stock and may lose more than 40% or their entire principal. The pricing date is July 20, 2026; estimated value on the pricing date is approximately $961.80 per security. Agent commissions and offering price are shown on the cover page.

Morgan Stanley Finance LLC is issuing Structured Investments — Enhanced Dual Directional Buffered Jump Securities due October 18, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes are principal‑at‑risk, $1,000 stated principal per security, and pay no interest. They include a digital payment of $67.50 per security (6.75%) payable at maturity if the final level meets or exceeds the digital threshold (93.25% of the initial level). The securities provide a 20% buffer (buffer level = 80% of initial level) and a minimum payment at maturity of 20% of stated principal. Estimated value on the pricing date is approximately $984.60 per security. All payments are subject to issuer and guarantor credit risk; holders may lose a significant portion of their principal if the underlier falls below the buffer on the observation date.

Morgan Stanley Finance LLC is offering principal-at-risk, market-linked securities tied to the Class A common stock of CoreWeave, Inc. Each security has a face amount of $1,000 and an estimated value on the pricing date of approximately $960.20.

Key terms: a contingent fixed return of at least 47.00% of face amount (at least $470) will be paid at maturity if the ending price is greater than or equal to a threshold equal to 60% of the starting price; if the ending price is below that threshold investors are exposed on a 1-to-1 basis to declines in the underlying stock. Pricing date is June 30, 2026, calculation day is July 7, 2027 and scheduled maturity is July 12, 2027. Price to public is $1,000 per security; agents may receive commissions up to $23.25 per security. The offering document discloses credit risk of Morgan Stanley, potential limited secondary-market liquidity, hedging conflicts, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC priced Structured Investments Enhanced Trigger Jump Securities due July 7, 2027, linked to the worst-performing of Micron Technology, Inc. and Nebius Group N.V. The securities have a $1,000 stated principal amount, an aggregate principal amount of $1,150,000, and an upside payment of $950 per security if neither underlier breaches its downside threshold. If the worst performing underlier is below its 50% downside threshold on the observation date, investors lose in proportion to that decline (no minimum payment). Payments are subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note with an aggregate principal amount of $922,000, issued at $1,000 per security and fully and unconditionally guaranteed by Morgan Stanley. The notes mature on June 27, 2031 and reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index.

The securities pay a contingent coupon at an annual rate of 11.25% only if the underlier’s closing level meets the coupon barrier on observation dates; they have a call threshold equal to the initial level (1,344.60), a coupon barrier of 1,008.45 (75% of the initial level) and a buffer level of 1,142.91 (85% of the initial level). If not called and the final level is below the buffer, principal losses occur pro rata beyond the 15% buffer, subject to a 15% minimum payment at maturity. The estimated value on pricing was $905.00 per security; dealer commissions of $46 per security are included in the issue price.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to Meta Platforms, Inc. class A common stock, due July 9, 2027, and fully and unconditionally guaranteed by Morgan Stanley. The offering totals $580,000 aggregate principal at a stated principal amount of $1,000 per security and an issue price of $1,000 per security.

The securities pay no interest and provide a fixed upside payment of $149.30 per security (14.93%) if the final level on the observation date is greater than or equal to the buffer level. The securities include a 20% buffer (buffer level = $449.76, 80% of the initial level) and a downside factor of 1.25; if the final level is below the buffer, investors lose 1.25% of principal for each 1% decline beyond the buffer and could lose their entire investment. Estimated value on the pricing date was $985.40 per security; the original issue price includes issuance, structuring and hedging costs borne by investors.

Morgan Stanley Finance LLC priced principal-at-risk, auto-callable securities tied to IBM stock. The securities have a $1,000 stated principal amount, an original issue date of June 29, 2026, and mature on June 29, 2028. Automatic early redemption can occur on scheduled determination dates beginning July 1, 2027 if the closing level of IBM is at or above the call threshold of $262.96. Early redemption payments range from $1,225.00 to $1,393.75 on the four scheduled early redemption dates; the payment at maturity can be $1,450.00, the stated principal, or a principal amount reduced pro rata if the final level is below the downside threshold of $123.591. All payments are unsecured and subject to Morgan Stanley's credit risk. The estimated value on the pricing date was $980.10 per security.

Morgan Stanley Finance LLC priced $701,000 of structured Jump Notes due June 27, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest, have a 125% participation rate on the appreciation of the worst-performing underlier (AMZN, NVDA, TSLA) and feature an automatic early redemption on the first determination date (June 24, 2027) for an early redemption payment of $1,216.50 per $1,000 note if each underlier is at or above an 85% call threshold. The stated principal amount is $1,000 per note and the estimated value at pricing was $981.50 per note. All payments are subject to Morgan Stanley's credit risk; the notes are unsecured and will not be listed on an exchange.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to Meta Platforms, Inc. class A common stock, with an aggregate principal amount of $500,000 and a stated principal amount of $1,000 per security. The securities are fully and unconditionally guaranteed by Morgan Stanley and pay no interest. At maturity on July 9, 2027, if the final level is at or above the buffer (15% below the initial level), holders receive the stated principal plus a fixed upside payment of $184.40 (18.44%). If the final level is below the buffer, losses apply at a downside factor of 1.1765, and investors may lose some or all principal. The observation date is July 6, 2027 (subject to postponement). The issue price is $1,000 and the estimated value on the pricing date was $985.30.