MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers a preliminary pricing supplement for Structured Investments — Buffered Jump Securities with an Auto-Callable feature due June 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities are issued in $1,000 denominations with an issue price of $1,000 per security and an estimated value on the pricing date of approximately $982.90. The notes provide no regular interest, a 20% buffer and a minimum payment at maturity of 20% of principal. Automatic early redemption can occur beginning with the first determination date on July 2, 2027 if the closing level of each underlier meets or exceeds its call threshold (each set equal to its initial level). Call thresholds/initial levels are: INDU 51,920.62, SPX 7,357.49, XLP $83.94. If not redeemed, payment at maturity depends on the worst performing underlier: a fixed positive payment up to $1,600 if all underliers meet call thresholds, return of principal if all are at or above buffer levels, or a reduced payment reflecting losses beyond the 20% buffer. Early redemption payments per security range from $1,120 (first) to $1,570 (sixteen). All payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced buffered jump securities (auto-callable) due July 1, 2031, guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $920.80. The securities pay no regular interest, may be automatically redeemed beginning on the first determination date of July 2, 2027 if the underlier meets the 90% call threshold, and otherwise pay at maturity based on the final level relative to an 85% buffer. If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a minimum payment of 15% of principal. The underlier is the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index (inception March 14, 2022); its closing level on June 24, 2026 was 1,344.60. All payments are subject to Morgan Stanley Finance LLC credit risk and the securities include hedging, structuring and distribution costs embedded in the $1,000 issue price.

Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to Tesla, Inc. stock, due June 29, 2028. Each note has a $1,000 stated principal amount, an annual contingent coupon of 11.40%, and automatic early redemption beginning with the September 25, 2026 determination date.

The initial level and call threshold are $375.12; the coupon barrier and downside threshold are $187.56 (50% of the initial level). If not called, maturity payoff returns principal only if the final level is at or above the downside threshold; otherwise payment equals principal multiplied by final/initial level, exposing investors to full principal loss risk. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering Structured Investments: Contingent Income Memory Buffered Auto-Callable Securities linked to Super Micro Computer, Inc. common stock, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, a 39.00% per annum contingent coupon, automatic early redemption opportunities beginning October 2026, and maturity on July 13, 2027.

The securities pay contingent coupons only if the underlier’s closing level meets the coupon barrier of $19.008 on observation dates; automatic redemption occurs if the closing level meets the call threshold of $31.68 on redemption determination dates. At maturity, if the final level is below the buffer level of $19.008, investors suffer losses determined by a 1.6667 downside factor applied beyond a 40% buffer. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a principal-at-risk structured note linked to the Nasdaq-100 Index with a $1,000 stated principal amount per security and a fixed $95 upside payment (9.50%). The securities carry a 20% buffer (buffer level 23,552.256, initial level 29,440.32) and a 1.25 downside factor: if the underlier finishes below the buffer, investors lose 1.25% of principal for each 1% decline beyond the buffer. The securities pay no interest, are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; all payments depend on Morgan Stanley’s credit. The stated issue price is $1,000 with an estimated value on the pricing date of approximately $988.80. Maturity is July 13, 2027 with observation date July 8, 2027.

Morgan Stanley Finance LLC published a Preliminary Pricing Supplement for Trigger PLUS securities due July 5, 2030 linked to the S&P 500® Futures Excess Return Index. The securities have a $1,000 stated principal amount per security and an issue price of $1,000.

Key terms: strike and pricing date June 30, 2026, observation date July 1, 2030, estimated value on the pricing date approximately $984.30, a leverage factor of 202% for upside, and a downside threshold equal to 70% of the initial level. Payment at maturity depends on the final level relative to the initial level and the downside threshold; if the final level is below the threshold, investors lose 1% of principal for each 1% decline in the underlier and could lose their entire principal.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities due July 9, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and a fixed $75 upside payment (7.50%) if the worst performing underlier finishes at or above its 75% buffer level. If the worst performing underlier finishes below its buffer level, losses apply at a 1.3333% downside factor for each 1% decline beyond the 25% buffer; there is no minimum payment and principal may be lost. Observation date: July 6, 2027. Pricing/strike date: June 26, 2026. Estimated value on the pricing date was approximately $990.30 per security.

Morgan Stanley Finance LLC offers market-linked, auto-callable principal-at-risk securities due July 6, 2029, guaranteed by Morgan Stanley, with a face amount of $1,000 per security.

The preliminary pricing shows a price to public of $1,000, agent commissions up to $25.75 per security, net proceeds to the issuer of $974.25 per security, and an estimated value on the pricing date of approximately $948.40 (± $30.00). The securities link payoff to the lowest performing of BABA ADS, IBM common stock and BX common stock, feature a 400% participation rate on positive performance (subject to a maximum benefit cap), a call premium target of at least approximately 48.30% on the first call date, and potential loss exposure exceeding 50% if the lowest performing underlying closes below its 50% threshold.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Principal at Risk auto-callable securities linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. The stated principal amount is $1,000 per security with an aggregate principal amount of $854,000. Each security pays a contingent coupon at an annual rate of 8.15% on observation dates if the underlier is at or above the coupon barrier level. The securities can automatically redeem early if the underlier is at or above the call threshold (90% of the initial level = 2,947.563) on a redemption determination date. If not redeemed, at maturity on June 26, 2031 investors receive principal only if the final level is at or above the downside threshold (60% of the initial level = 1,965.042); otherwise payment equals stated principal multiplied by the performance factor (final level / initial level) and could be significantly less than principal or zero. The initial level was 3,275.07 and the estimated value on the pricing date was $914.00 per security. The issue price is $1,000 with agent commissions of $41.50 per security. All payments are subject to Morgan Stanley’s credit risk and the securities do not participate in upside of the underlier.