Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities due July 22, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and returns are linked to the worst performing of three indices with a 20% buffer and a fixed $114 upside payment if the worst performing underlier is at or above its buffer on the observation date.

The notes pay no interest, carry issuer credit risk, an estimated value on the pricing date of $984.90 per security and a minimum payment at maturity of 20% of principal. Payment outcomes depend solely on closing levels on the observation date of July 19, 2027.

Morgan Stanley Finance LLC priced a primary offering of principal-at-risk, auto-callable notes linked to the iShares® MSCI Taiwan Index Fund with an aggregate principal amount of $2,060,000 and a stated principal amount of $1,000 per security. The securities were issued at an issue price $1,000 (estimated value on the pricing date: $956.30) and mature on June 23, 2028.

The notes pay no interest, carry full principal risk and include an automatic early redemption feature on the first determination date of June 30, 2027. The call threshold and initial level are $105.11, the downside threshold is $89.344 (85% of the initial level), the early redemption payment is $1,231, the upside payment is $462, and the participation rate is 100%. If not called and the final level is below the downside threshold, investors suffer full downside exposure (payment = stated principal × performance factor).

Morgan Stanley Finance LLC priced a principal-at-risk note offering tied to the worst-performing common stock among Amazon, Microsoft and NVIDIA. The issue: $1,000 stated principal per security, aggregate $800,000. The securities pay a 12.00% contingent coupon on specified observation dates only if all three underliers meet coupon barrier levels, feature automatic early redemption if all underliers meet call thresholds on a redemption determination date, and expose investors to a 30% buffer with a downside factor of 1.4286 if the worst-performing underlier falls below its buffer at maturity. Estimated value on the pricing date was $956.80 and the issue price is $1,000 (agent commission $25 per security). Investors bear issuer credit risk, may receive no coupons, will not participate in upside of the underliers, and could lose some or all principal.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 29, 2029 linked to the worst performing of Micron Technology common stock, the Roundhill Memory ETF (DRAM) and TSMC American depositary shares. Each security has a $1,000 stated principal amount and a 300% participation rate for upside if the final levels are above initial levels.

The securities feature an automatic early redemption if on the first determination date (July 2, 2027) each underlier is at or above its call threshold (100% of initial levels). The early redemption payment is $2,233 per security. If not called, maturity payment depends on worst-performing underlier: full upside (stated principal plus participation-based payment), return of principal only, or a pro rata loss (1% principal loss per 1% decline below a 70% downside threshold) that could result in total loss of principal.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due June 29, 2028, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and will pay a fixed coupon at an annual rate of 21.25% until early redemption or maturity. The securities may be automatically redeemed on scheduled redemption dates if each underlier meets its call threshold, in which case holders receive principal plus the fixed coupon for the related interest period.

The payoff is linked to the worst performing of three underliers: AMD, Marvell (MRVL) and Micron (MU). If not auto-redeemed, holders receive principal at maturity only if the final level of each underlier is at or above its downside threshold or any underlier is at or above its initial level. If the worst performing underlier finishes below its downside threshold and all underliers finish below initial levels, the maturity payment equals the stated principal multiplied by the worst-performing underlier's performance factor, exposing investors to potential loss of principal (possibly to zero). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, ETF-linked notes due in roughly 12 to 14 months, fully guaranteed by Morgan Stanley. Each note has a $1,000 Face Amount. The payment at maturity depends on the iShares Expanded Tech-Software ETF (Bloomberg: IGV) final level versus an 85% Threshold: if the Final Underlier Level is >= 85% of the Initial Underlier Level investors receive a capped Maximum Settlement Amount (expected between $1,156.60 and $1,183.70 per note); if the Underlier declines more than 15%, the payoff formula can produce losses up to the full principal. The estimated value on the Trade Date is approximately $980.70 per note. The offering includes a dealer concession of $10.70 per note and involves issuer credit risk, limited liquidity, no interest or dividends, no listing, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due July 9, 2027 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and pays a fixed $75 upside payment 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, and there is no minimum payment at maturity. The securities reference the Dow Jones Industrial Average, the S&P 500 Equal Weight Index and the S&P 500 Index, and their value is based solely on the worst performing underlier. All payments remain subject to issuer and guarantor credit risk. The estimated value on the pricing date was approximately $990.30 per security.

Morgan Stanley Finance LLC offers fixed‑coupon, principal‑at‑risk securities due July 31, 2031, fully guaranteed by Morgan Stanley. The notes pay a 7.50% annual fixed coupon, have a stated principal amount of $1,000 per security and an automatic early redemption feature tied to the underlier.

If not called, maturity payoff depends on the S&P® 500 Futures 40% Intraday 4% Decrement VT Index: investors receive principal at maturity only if the final level is at or above the buffer level (the buffer is 15% of the initial level); if the final level is below the buffer, principal is reduced proportionally subject to a 15% minimum payment at maturity. The document states an estimated value on the pricing date of approximately $926.20 per security.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes fully guaranteed by Morgan Stanley that pay a contingent coupon and feature an automatic early‑redemption mechanism and a 15% buffer at maturity. Each security has a stated principal amount of $1,000, an original issue price of $1,000, and an estimated value on the pricing date of approximately $921.50.

The notes reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. A contingent coupon at an annual rate of 16.50% may be paid on observation dates only if the underlier’s closing level is at or above the coupon barrier (75% of the initial level). If not automatically redeemed, maturity payout protects the first 15% of loss but exposes investors to a 1% principal loss for each 1% decline beyond the buffer, subject to a 15% minimum payment at maturity. All payments are subject to Morgan Stanley’s credit risk.