Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities due July 11, 2031, fully guaranteed by Morgan Stanley. Each security has a stated principal of $1,000, a 179% leverage factor on upside and a 20% downside buffer (buffer level = 80% of initial level). The estimated value on the pricing date is approximately $945.30 per security. At maturity investors receive principal plus leveraged upside if the underlier finishes above the initial level; if performance falls below the buffer level, losses occur pro rata beyond the buffer, subject to a minimum payment of 20% of principal. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent-income auto-callable securities linked to the common stock of Tractor Supply Company. Each note has a $1,000 stated principal amount and an original issue price of $1,000, a hypothetical estimated value of approximately $967.80, and matures on June 28, 2028. The notes pay a contingent coupon of 15.00% per annum on observation dates when the closing level of the underlier is at or above a coupon barrier set at 50% of the initial level. The notes may be automatically redeemed early if the closing level meets or exceeds a call threshold equal to 100% of the initial level on any redemption determination date. If the notes are not redeemed and the final level is below the downside threshold of 50% of the initial level, investors suffer principal loss proportional to the underlier’s decline; payments could be significantly less than principal or zero. All payments are subject to Morgan Stanley’s credit risk. The strike and pricing dates were June 23, 2026.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due July 12, 2029 linked to the worst-performing shares of Apollo Global Management, Ares Management and Blackstone. Each security has a stated principal amount of $1,000 and a contingent annual coupon of 22.20% payable only when all three underliers meet coupon barrier tests on scheduled observation dates. The securities may be automatically redeemed beginning after the first redemption determination date of July 8, 2027 if each underlier equals or exceeds its call threshold on a redemption determination date. At maturity, if any underlier is below its downside threshold (set at 60% of initial level), investors bear losses equal to the percentage decline of the worst performing underlier; principal could be significantly reduced or zero. The estimated value on the pricing date was approximately $975.10 per security; all payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC prices $4,000,000 of Leveraged Buffered Russell 2000Index-Linked Notes due September 17, 2027. The notes pay no interest and return is linked to the Russell 2000Index measured from the Strike Date June 15, 2026 to the Determination Date September 15, 2027. For each $1,000 Face Amount, investors receive $1,000 if the Index falls up to 10.00%, a leveraged upside of 150% of positive Index return capped at $1,214.50, and downside exposure below the 90.00% Buffer Level that can result in loss of principal. The Original Issue Price is $1,000 per note, the estimated Trade Date value is $983.50, and MS & Co. sells the offering with a dealer concession totaling $50,000 in aggregate.

Morgan Stanley proposes an offering of Fixed Rate Notes due September 7, 2027. Each note has a stated principal and issue price of $1,000, an original issue date of July 7, 2026, and an annual interest rate of 4.450% with interest payable at maturity on September 7, 2027. The estimated value on the pricing date is approximately $995.10 per note. All payments on the notes are subject to the credit risk of Morgan Stanley. The notes will not be listed on any securities exchange and may have limited secondary market liquidity. Proceeds will be used for general corporate purposes.

Morgan Stanley Finance LLC is offering Market Linked Securities—auto-callable, fixed-percentage buffered downside, linked to the VanEck® Gold Miners ETF, due May 3, 2029. Each security has a face amount of $1,000, a pricing date of April 29, 2026, original issue date May 4, 2026, and an estimated value of $955.80 on the pricing date. The securities may be automatically called on semi-annual calculation days beginning May 4, 2027; call payments range from $1,194.00 to $1,582.00. If not called, maturity payments depend on the ending fund closing price relative to the starting price $86.22 and the threshold price $77.598; holders may lose up to 90% of face amount if the ending price is below the threshold. All payments are subject to issuer credit risk and various market, tax and liquidity risks described herein.

Morgan Stanley Finance LLC priced a series of market-linked, principal-at-risk securities — auto-callable notes with a contingent coupon and contingent downside linked to the lowest performing of the iShares Expanded Tech-Software ETF, the S&P 500® Index and the State Street SPDR S&P MidCap 400 ETF Trust. The securities have a face amount of $1,000 per security, a maturity date of July 3, 2029 (subject to postponement) and a pricing date of June 30, 2026. The contingent coupon rate will be determined on the pricing date and will be at least 10.20% per annum. Estimated value on the pricing date is approximately $955.20 per security, or within $45.00 of that estimate. Payments, including contingent coupons and any maturity payment, depend on monthly calculation-day observations of the lowest performing underlying and are subject to Morgan Stanley credit risk and the calculation agent’s determinations.

Morgan Stanley Finance LLC priced an offering of market-linked, auto-callable principal-at-risk securities linked to the lowest performing of the common stock of Bank of America Corporation, Citigroup Inc. and The Goldman Sachs Group, Inc., due June 22, 2028.

The securities have a $1,000 face amount per security, an estimated value on the pricing date of $964.10 per security, a price to public of $1,000 per security and aggregate offering proceeds shown as $1,353,000. The pricing date was June 16, 2026 and the original issue date is June 22, 2026.

Investors receive limited upside only via specified call payments if on a calculation day each underlying closes at or above its starting price; call payments are $1,283.50 (1st), $1,425.25 (2nd) and $1,567.00 (final). If not called, maturity payments depend on the lowest performing underlying stock relative to its starting price and 70% downside threshold prices noted in the final terms. The securities are fully guaranteed by Morgan Stanley and bear issuer credit risk.

Morgan Stanley Finance LLC priced $10,146,000 of Capped Leveraged Buffered Basket-Linked Notes due August 27, 2027. The notes are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, pay no interest and return at maturity is linked to a weighted basket of five international indices.

The notes have a Face Amount of $1,000 each (aggregate $10,146,000), an Upside Participation Rate of 180%, a Buffer Level of 90.00% (10.00% buffer) and a Cap Level of 111.20%, with a Maximum Settlement Amount of $1,201.60 per $1,000 Face Amount. Estimated value on the trade date was $993.50 per note. Purchasers are exposed to issuer credit risk, market disruption mechanics and the potential loss of principal if the Final Basket Level is below the Buffer Level on the Determination Date.