MORGAN STANLEY SEC Filings

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.

Morgan Stanley Finance LLC priced a principal-at-risk Trigger PLUS linked to the worst performing of IVW (iShares S&P 500 Growth ETF), the S&P 500 Equal Weight Index and the S&P 500 Index. The securities have a stated principal amount of $1,000 per security, an aggregate issuance of $2,935,000, and mature on June 22, 2029.

At maturity holders receive either the stated principal plus a 175% leveraged upside if the worst performing underlier is above its initial level, the stated principal if the worst performing underlier is between its initial level and its 70% downside threshold, or a principal loss equal to the full percentage decline of the worst performing underlier if it falls below the downside threshold. Payments are unsecured and guaranteed by Morgan Stanley and subject to issuer 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 aggregate principal of $775,000. The securities pay a contingent coupon at an annual rate of 7.80% on observation dates when the index closes at or above the coupon barrier level and may be automatically redeemed early if the index closes at or above the call threshold on specified redemption determination dates. The initial level and call threshold are 7,511.35; the coupon barrier and downside threshold are 5,633.513 (75% of the initial level). If not auto‑redeemed, holders receive principal at maturity only if the final level is at or above the downside threshold; otherwise the maturity payment equals the stated principal multiplied by the performance factor (final level divided by initial level), which could result in a complete loss of principal. Issue price is $1,000 per security, estimated value on pricing date was $985.00, pricing date June 17, 2026, and maturity July 21, 2027. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering $5,250,000 aggregate principal amount of Principal at Risk notes due July 21, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000.

Payment at maturity depends on the S&P 500® Index closing level on the observation date July 16, 2027. If the final level is at or above the downside threshold level 6,009.08 (80% of the initial level), investors receive the stated principal plus a fixed upside payment of $89 (8.90%). If the final level is below the downside threshold, the payment equals the stated principal multiplied by (final level / initial level), and investors can lose up to their entire investment. The initial level is 7,511.35. The securities pay no interest, have no minimum payment at maturity, and all payments are subject to Morgan Stanley's credit risk.