Morgan Stanley SEC Filings

Morgan Stanley Finance LLC priced a series of callable, principal‑at‑risk notes due June 24, 2027 linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500. The securities pay a fixed coupon of 10.2038% annually (monthly payments) and have a stated principal amount of $1,000 per security with an aggregate issue size of $138,620,000. The notes may be called beginning on December 24, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer. At maturity, if any underlier is below its downside threshold (70% of its initial level), the payment equals principal times the performance factor of the worst performing underlier, exposing investors to up to a total loss of principal. All payments are subject to Morgan Stanley’s credit risk; the estimated value at issuance was $987.60 per security.

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk structured note offering totaling $476,000. Each security has a $1,000 stated principal amount, an original issue date of June 23, 2026, a maturity date of June 23, 2031, and an estimated value on the pricing date of $911.90 per security.

The notes reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, pay a contingent annual coupon of 11.85% subject to observation-date barriers, feature automatic early redemption if the index closes at or above the call threshold (3,403.14) on a redemption determination date, and expose holders to full downside below a 60% downside threshold (2,041.884) at maturity.

Morgan Stanley Finance LLC priced Buffered Jump Securities with an Auto-Callable Feature linked to the worst performing of the VanEck Gold Miners ETF (GDX) and the SPDR S&P Metals & Mining ETF (XME). The securities have a stated principal amount of $1,000 per security, aggregate principal amount of $445,000, estimated value on the pricing date of $950.70, and an issue price of $1,000. They pay no regular interest, have a 15% buffer and a 15% minimum payment at maturity, may auto‑redeem on scheduled determination dates for fixed early redemption payments (approximately 9.50% per annum equivalent on those dates), and mature on March 22, 2029. All payments are subject to MSFL's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced contingent income auto-callable notes. The notes (stated principal $1,000 per security) link to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. They pay a contingent coupon of 8.15% per annum on each coupon date only if each underlier is at or above its coupon barrier on the related observation date. The securities are subject to automatic early redemption beginning on June 17, 2027 if all underliers meet call thresholds (100% of initial levels). At maturity (June 23, 2031), if any underlier is below its downside threshold (70% of initial), the payment equals principal multiplied by the performance factor of the worst performing underlier, producing losses up to total loss of principal. All payments are subject to issuer and guarantor credit risk and there may be little or no secondary market.

Morgan Stanley Finance LLC is offering $52,230,000 of callable contingent income memory buffered securities fully guaranteed by Morgan Stanley. The securities pay a contingent coupon at an annual rate of 10.15% if all three underliers meet coupon barrier levels on observation dates and mature on June 23, 2028 with principal at risk. The structure features a 25% buffer, a downside factor of 1.3333, and a call feature determined by a risk neutral valuation model. The original issue price is $1,000 per security, estimated value $991.60 on the pricing date; sales are limited to fee-based advisory accounts.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to the S&P 500^® Index with a stated principal amount of $1,000 per security and aggregate principal of $1,050,000. The notes mature on July 21, 2027 and pay a fixed upside payment of $98 per security (9.80%) if the final level is at or above the downside threshold. If the final level is below the downside threshold (85% of the initial level), payoff decreases pro rata with the index and could result in total loss of principal. The offering price equals stated principal; the estimated value on the pricing date was $985.30, reflecting issuance and hedging costs. All payments are unsecured and guaranteed by Morgan Stanley; holders bear issuer credit risk and limited secondary market liquidity.

Morgan Stanley Finance LLC offers $4,629,000 aggregate principal of Buffered PLUS with Downside Factor notes due June 21, 2030, fully and unconditionally guaranteed by Morgan Stanley. The securities pay no interest and return at maturity depends on the worst performing of three underliers: the iShares S&P 500 Growth ETF, the S&P 500 Equal Weight Index and the S&P 500 Index.

Per security: $1,000 stated principal and issue price; estimated value on the pricing date was $986.90. If the worst performing underlier finishes above its initial level investors receive principal plus a 155.25% leverage of that appreciation. If the worst performing underlier finishes between its initial level and a 25% buffer (75% of initial), investors receive principal only. If it finishes below the buffer, investors lose 1.3333% of principal for every 1% decline beyond the buffer; there is no minimum payment and full loss is possible. All payments are subject to Morgan Stanley and MSFL credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk securities linked to the S&P 500® Index with a stated principal amount of $1,000 per security and an aggregate principal amount of $700,000. The securities pay no interest and provide a fixed upside payment of $78 per security (7.80%) at maturity if the final level on the observation date is at or above the downside threshold (5,633.513, 75% of the initial level). If the final level is below that threshold, holders suffer a pro rata loss equal to the underlier’s decline (payment = stated principal × final level/initial level), and the payment could be zero. The original issue price is $1,000 and the estimated value on the pricing date is $985.50, reflecting issuance, distribution and hedging costs borne by investors. All payments are subject to the credit risk of Morgan Stanley and the securities are unsecured obligations of MSFL, guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC priced callable, principal-at-risk notes—Structured Investments Callable Contingent Income Buffered Securities due June 22, 2029—issued at $1,000 per security with an aggregate principal of $2,951,000. The notes pay a 14.00% per annum contingent coupon for each interest period only if the closing level of each underlier meets or exceeds its coupon barrier on the related observation date. The notes are linked to the worst performing of the Dow Jones Industrial Average, Russell 2000 and the XLK ETF. A buffer of 20% protects investors from losses up to that amount; below the buffer investors suffer a loss equal to the shortfall of the worst performing underlier (1% loss per 1% decline beyond the buffer), subject to a minimum payment at maturity of 20% of principal. The issuer may redeem early on scheduled redemption dates beginning December 22, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer. All payments are subject to Morgan Stanley's credit risk; the estimated value on the pricing date was $982.00 per security.