MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk notes due July 22, 2032, linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities pay no interest and provide a leveraged upside equal to 249% of the underlier's appreciation; if the final level is below 70% of the initial level, investors lose 1% of principal for every 1% decline in the underlier. The estimated value on the pricing date was approximately $972.10 per security. All payments are subject to the issuer's and guarantor's credit risk, and there is no minimum payment at maturity.

Morgan Stanley Finance LLC priced structured, principal-at-risk securities linked to the worst performing of the iSharesSilver Trust (SLV) and the VanEckGold Miners ETF (GDX). The securities have a $1,000 stated principal amount, an issue price of $1,000 and an estimated value on the pricing date of $905.40. They feature a 15% buffer level, automatic early redemption opportunities beginning June 25, 2027, fixed early redemption payments that rise over time and a final determination date of June 24, 2031 with maturity on June 27, 2031. If neither underlier meets its call threshold on any determination date, payment at maturity depends on the worst performing underlier: full stated principal, a fixed positive return if both meet call thresholds, or a prorated loss beyond the 15% buffer (subject to a 15% minimum payment). All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC priced a $1,094,000 issuance of structured Principal at Risk securities linked to the worst performing of XLV, SPY and XLU. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $986.70.

The securities may auto‑redeem on the first determination date (June 25, 2027) for an early redemption payment of $1,336.50 if each underlier is at or above its call threshold. If not redeemed, final payoff at maturity (June 28, 2029) depends on the worst performing underlier, with a 15% buffer, a 200% participation rate for upside and a downside factor of 1.1765. All payments are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers contingent income auto-callable securities fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a contingent annual coupon of 10.00% payable only if the underlier meets barrier tests on scheduled observation dates. The securities are principal‑at‑risk notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, mature on July 8, 2031, and may be automatically redeemed early if the underlier is at or above a call threshold on specified redemption determination dates. Estimated value on the pricing date was approximately $907.20 per security. Investors bear credit risk of Morgan Stanley and may lose some or all principal if the final level is below the downside threshold (60% of the initial level).

Morgan Stanley Finance LLC is offering Principal at Risk structured notes due July 5, 2030 linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. Each security has a $1,000 stated principal amount and a fixed $446.50 upside payment (44.65%) if each underlier is at or above its 70% downside threshold on the observation date (July 1, 2030).

If any underlier is below its downside threshold at the observation date, the maturity payment equals the stated principal multiplied by the performance factor of the worst performing underlier; there is no minimum payment and investors can lose their entire investment. The estimated value on the pricing date is approximately $980.00 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced Buffered PLUS notes linked to the worst performing of the Dow Jones Industrial Average, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF. The notes have a $1,000 stated principal amount, an aggregate principal of $2,000,000, and a 400% leverage factor for upside subject to a $2,210 maximum payment per security. If the worst performing underlier finishes below its 85% buffer level, principal is lost 1% for each 1% decline beyond the 15% buffer, with a minimum payment of 15% of principal. All payments are subject to issuer and guarantor credit risk and the estimated value on the pricing date was $961.70 per security.

Morgan Stanley Finance LLC priced Structured Investments Enhanced Buffered Jump Securities—principal-at-risk notes linked to the S&P 500® Index with a $1,000 stated principal per security. The securities mature on August 2, 2027 with the observation date of July 28, 2027. If the final level is at or above a buffer level equal to 85% of the initial level, holders receive the stated principal plus an upside payment of at least $77.50 per security. If the final level is below the buffer level, holders bear losses beyond the 15% buffer at a downside factor of 1.1765, which can result in a total loss of principal. The issue price is $1,000 per security, with an estimated value on the pricing date of approximately $984.40 per security. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to the S&P 500® Index with a $1,000 stated principal amount per security and an aggregate principal amount of $760,000. The notes pay no interest and do not guarantee principal. At maturity on July 9, 2027, if the final level is at or above the buffer level, holders receive the stated principal plus a fixed $90.90 upside payment. If the final level is below the buffer level (the buffer equals 90% of the initial level), holders incur losses of 1.1111% of principal for every 1% decline beyond the buffer; there is no minimum payment and investors could lose their entire investment. The original issue price is $1,000 with an estimated value on the pricing date of $986.20. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk contingent income auto-callable securities tied to The Goldman Sachs Group, Inc. common stock with a stated principal amount of $1,000 per security and an aggregate principal amount of $4,950,000. The securities pay a contingent coupon at an annual rate of 13.40% on each coupon payment date only if the closing level of the underlier is at or above the coupon barrier level on the related observation date. The securities may be automatically redeemed on scheduled redemption determination dates if the closing level is at or above the call threshold level, in which case holders receive the stated principal plus the contingent coupon for that period. If not redeemed, at maturity investors receive the stated principal only if the final level is at or above the downside threshold level; if the final level is below that threshold, the payment equals the stated principal multiplied by the performance factor and could be significantly less than principal or zero. All payments are subject to the issuer’s and guarantor’s credit risk; the estimated value on the pricing date was $971.80 per security.