MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Principal at Risk securities linked to the worst performing of the Russell 2000® and S&P 500® Indices. The offering totals $103,000 aggregate at a $1,000 stated principal amount per security with an upside payment of $270 (27%).

Key dates: strike and pricing date June 25, 2026, original issue date June 30, 2026, observation date June 26, 2028, maturity June 29, 2028. The downside threshold is 80% of each initial level; if the worst performing underlier falls below that threshold, principal loss equals the percent decline. Estimated value on the pricing date was $962.30 per security and the agent commission was $22.50 per security.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Principal at Risk auto-callable securities tied to ServiceNow, Inc. common stock. The securities have a $1,000 stated principal amount, aggregate principal of $970,000, an issue price of $1,000 and an estimated value of $983.40 on the pricing date.

The notes pay a contingent coupon at an annual rate of 21.35% on each coupon payment date only if the closing level of the underlier is at or above the coupon barrier of $44.76 (50% of the initial level). The initial level/strike level was $89.52 (call threshold = 100% of initial). The securities mature on July 1, 2027, are subject to automatic early redemption on specified dates if the underlier meets the call threshold, and expose investors to full downside risk (payment at maturity equals principal × performance factor when final level is below the downside threshold).

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) priced Principal-at-Risk notes linked to the worst performing of the State Street SPDR S&P Metals & Mining ETF (XME) and the VanEck Gold Miners ETF (GDX). The offering is for $3,299,000 aggregate with a $1,000 stated principal amount per security and an issue price of $1,000.

The notes include a 15% buffer, automatic early redemption on scheduled determination dates with rising fixed early-redemption payments (first: $1,051.00), a payment at maturity of $1,280.50 if both final levels are at or above their buffer levels, and a minimum payment at maturity equal to 15% of principal. The estimated value on the pricing date was $951.30 per security. All payments are subject to MSFL and Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk Callable Contingent Income Securities linked to the worst performing of the iShares Russell 2000 ETF, the Nasdaq-100 Index and the S&P 500 Index. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities pay a contingent coupon of 10.20% per annum on each coupon payment date only if the closing level of each underlier is at or above its coupon barrier (70% of initial level) on the related observation date. The securities may be redeemed early beginning on December 31, 2026 if, on a determination date, a risk neutral valuation model indicates redemption is economically rational for the issuer. At maturity on June 28, 2029, if the final level of each underlier is at or above its downside threshold (70% of initial level), investors receive the stated principal; if any underlier is below that threshold, payment equals principal multiplied by the performance factor of the worst performing underlier, which can result in a significant loss or zero recovery. All payments are subject to the issuer’s and guarantor’s credit risk.

The pricing supplement describes a series of principal-at-risk notes issued by Morgan Stanley Finance LLC and fully guaranteed by Morgan Stanley. The offering is $575,000 aggregate (stated principal $1,000 per security) linked to Meta Platforms, Inc. class A stock, maturing July 12, 2027.

The notes pay a contingent annual coupon of 10.38% on scheduled coupon dates only if the underlier's closing level meets or exceeds the coupon barrier (70% of the initial level). They are callable on specified redemption determination dates and include a buffer equal to 30% of the initial level; below the buffer investors suffer a loss of 1.4286% of principal for each 1% decline beyond the buffer. All payments are subject to issuer credit risk and there is no minimum payment at maturity.

Morgan Stanley Finance LLC is offering Trigger PLUS notes linked to the EURO STOXX 50® Index with a $1,000 stated principal per security and a maturity date of July 3, 2031. The securities pay no interest, provide a 183% leverage factor on appreciation and a limited principal protection that applies only if the final index level is at or above 75% of the initial level. If the final level is below that downside threshold, investors lose in direct proportion to the index decline and could lose their entire investment. The original issue price is $1,000 and the document states an estimated value on the pricing date of approximately $951.50. All payments are subject to the credit risk of MSFL and Morgan Stanley. Pricing/strike date: June 29, 2026; observation date: June 30, 2031 (subject to postponement).

Morgan Stanley Finance LLC priced a principal-at-risk note offering with an aggregate principal amount of $239,000. The securities are fully and unconditionally guaranteed by Morgan Stanley, have a stated principal amount of $1,000 per security and an issue price of $1,000 per security. The notes mature on June 30, 2031, feature an automatic early redemption schedule with the first determination date on June 28, 2027, a buffer level equal to 80% (buffer amount 20%) of the initial level and a call threshold equal to the initial level of 1,352.96. The estimated value on the pricing date was $911.40 per security and selected dealers receive a $46 commission per security.

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due June 28, 2030. Each security has a stated principal amount of $1,000 and an aggregate principal amount of $504,000. Payment at maturity depends on the performance of the worst performing underlier: the Dow Jones Industrial Average, the Nasdaq‑100 and the Russell 2000, measured on the observation date of June 25, 2030. If each underlier’s final level is at or above its downside threshold (70% of its initial level), holders receive the stated principal plus a fixed $377 upside payment per security (37.70%). If any underlier is below its downside threshold, holders suffer losses equal to the percentage decline of the worst performing underlier; there is no minimum payment and investors could lose their entire principal. All payments are unsecured and subject to Morgan Stanley’s credit risk. The estimated value at issuance was $938.90 per security; agents received a fixed commission of $37.50 per security.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes due June 28, 2029, fully guaranteed by Morgan Stanley, linked to the worst performing of three underliers: the EURO STOXX® Banks Index, State Street® Energy Select Sector SPDR® ETF and VanEck® Semiconductor ETF. The offering totals $1,852,000 in aggregate principal at a $1,000 stated principal amount per security. The notes pay no interest, can auto‑redeem early on scheduled determination dates for fixed cash amounts (up to $2,000), and at final maturity pay either a capped positive payment ($2,200), the stated principal, or a reduced principal tied to the worst performing underlier (losses of 1% per 1% decline below specified downside thresholds). All payments are subject to issuer and guarantor credit risk. The estimated value at pricing was $954.20 per security and offering proceeds to the issuer were $1,842,740.