MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering fixed rate callable notes due June 27, 2031 with an aggregate principal amount of $250,000 issued at $1,000 per note. The notes pay 4.650% per annum semi‑annually and are fully guaranteed by Morgan Stanley. The notes are callable on specified dates if a risk neutral valuation model determines redemption is "economically rational," with redemption at 100% of principal plus accrued interest. The estimated value on the pricing date was $981.10 per note, and the offering includes selling commissions that reduce proceeds to the issuer. All payments are subject to the issuer's credit risk.

Morgan Stanley Finance LLC priced $848,000 of Buffered PLUS principal-at-risk securities due June 27, 2031, guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and was issued at $1,000 with an estimated value of $986.50 on the pricing date. The securities reference the S&P 500® Futures Excess Return Index with an initial level of 591.18 and a 203% leverage factor. Investors receive the stated principal plus 203% of appreciation if the final level exceeds the initial level; a 20% buffer applies (buffer level 472.944) and the minimum payment at maturity is 20% of principal. All payments are subject to issuer and guarantor credit risk and U.S. federal income tax treatment is described as uncertain in the supplement.

Morgan Stanley Finance LLC priced a primary offering of fixed rate callable notes due June 29, 2033 guaranteed by Morgan Stanley. The offering shows an aggregate principal amount of $250,000 issued at $1,000 per note with an estimated value of $976.00 per note on the pricing date.

The notes pay a fixed 4.850% per annum, semi‑annual, with an original issue date of June 29, 2026. The issuer may redeem the notes in whole on specified semiannual redemption dates if a risk neutral valuation model (using market inputs and issuer credit spreads) indicates redemption is economically rational; redemption price equals 100% of principal plus accrued interest. Proceeds are for general corporate purposes.

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk notes due July 22, 2032, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities pay no interest and provide a leveraged upside equal to 249% of the underlier's appreciation; if the final level is below 70% of the initial level, investors lose 1% of principal for every 1% decline in the underlier. The estimated value on the pricing date was approximately $972.10 per security. All payments are subject to the issuer's and guarantor's credit risk, and there is no minimum payment at maturity.

Morgan Stanley Finance LLC priced structured, principal-at-risk securities linked to the worst performing of the iSharesSilver Trust (SLV) and the VanEckGold Miners ETF (GDX). The securities have a $1,000 stated principal amount, an issue price of $1,000 and an estimated value on the pricing date of $905.40. They feature a 15% buffer level, automatic early redemption opportunities beginning June 25, 2027, fixed early redemption payments that rise over time and a final determination date of June 24, 2031 with maturity on June 27, 2031. If neither underlier meets its call threshold on any determination date, payment at maturity depends on the worst performing underlier: full stated principal, a fixed positive return if both meet call thresholds, or a prorated loss beyond the 15% buffer (subject to a 15% minimum payment). All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC priced a $1,094,000 issuance of structured Principal at Risk securities linked to the worst performing of XLV, SPY and XLU. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $986.70.

The securities may auto‑redeem on the first determination date (June 25, 2027) for an early redemption payment of $1,336.50 if each underlier is at or above its call threshold. If not redeemed, final payoff at maturity (June 28, 2029) depends on the worst performing underlier, with a 15% buffer, a 200% participation rate for upside and a downside factor of 1.1765. All payments are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers contingent income auto-callable securities fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a contingent annual coupon of 10.00% payable only if the underlier meets barrier tests on scheduled observation dates. The securities are principal‑at‑risk notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, mature on July 8, 2031, and may be automatically redeemed early if the underlier is at or above a call threshold on specified redemption determination dates. Estimated value on the pricing date was approximately $907.20 per security. Investors bear credit risk of Morgan Stanley and may lose some or all principal if the final level is below the downside threshold (60% of the initial level).

Morgan Stanley Finance LLC is offering Principal at Risk structured notes due July 5, 2030 linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. Each security has a $1,000 stated principal amount and a fixed $446.50 upside payment (44.65%) if each underlier is at or above its 70% downside threshold on the observation date (July 1, 2030).

If any underlier is below its downside threshold at the observation date, the maturity payment equals the stated principal multiplied by the performance factor of the worst performing underlier; there is no minimum payment and investors can lose their entire investment. The estimated value on the pricing date is approximately $980.00 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced Buffered PLUS notes linked to the worst performing of the Dow Jones Industrial Average, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have a $1,000 stated principal amount, an aggregate principal of $2,000,000, and a 400% leverage factor for upside subject to a $2,210 maximum payment per security. If the worst performing underlier finishes below its 85% buffer level, principal is lost 1% for each 1% decline beyond the 15% buffer, with a minimum payment of 15% of principal. All payments are subject to issuer and guarantor credit risk and the estimated value on the pricing date was $961.70 per security.