MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering $1,670,000 in Principal-at-Risk contingent income auto-callable securities, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000.

The securities reference Class A common stock of Meta Platforms, Inc. and pay a contingent coupon at an annual rate of 12.00% only if the closing level of the underlier on each observation date is at or above the coupon barrier level ($363.251, or 64% of the initial level). The initial/strike level is $567.58. The notes are automatically redeemed early if the closing level on any redemption determination date is at or above the call threshold ($567.58), in which case investors receive the stated principal plus the contingent coupon for that period. If not called, maturity payment is the stated principal if the final level is at or above the downside threshold ($363.251); otherwise the payment equals the stated principal multiplied by (final level / initial level), exposing investors to full downside (potentially zero). All payments are subject to issuer and guarantor credit risk; the estimated value on the pricing date was $967.90 per security and selected dealers receive a fixed commission of $22.50 per security.

Morgan Stanley Finance LLC priced structured, principal-at-risk notes linked to the worst performer of the MSCI EAFE (MXEA) and MSCI Emerging Markets (MXEF) indices. The securities have a $1,000 stated principal amount and an original issue price of $1,000 per security; the aggregate offering is $785,000.

The notes pay no interest, may be automatically redeemed on the first determination date for an early redemption payment of $1,225, and otherwise return principal at maturity only if index levels meet specified thresholds. If the worst-performing underlier falls below its downside threshold, holders lose in proportion to that decline; payments are subject to Morgan Stanley Finance LLC's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to Micron Technology, Inc. common stock with a stated principal amount of $1,000 per security and an aggregate principal amount of $700,000. The securities pay a contingent coupon only if the underlier meets observation-date barriers and feature an automatic early redemption mechanism beginning on the first redemption determination date of June 10, 2027. If not redeemed, maturity is March 15, 2028; investors receive principal at maturity only if the final level is at or above the buffer level of $445.94 (50% of initial). Below the buffer, holders suffer losses at a downside factor of 2, potentially losing their entire investment. The estimated value on the pricing date was $972.00 per security and all payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a structured note offering of Principal at Risk securities linked to the worst performing of Alphabet (class C), Microsoft and NVIDIA. The offering totals $336,000 in aggregate at $1,000 per security with an estimated value of $989.90 on the pricing date. Each security pays no interest, provides a fixed $155 upside payment at maturity if the worst performing underlier is at or above its 70% buffer level, and otherwise suffers a 1% principal loss for each 1% decline of the worst performing underlier beyond the 30% buffer, subject to a minimum payment of 30% of principal. Key dates include strike/pricing on June 17, 2026, original issue date June 23, 2026, observation date July 19, 2027 and maturity July 22, 2027. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a principal-at-risk note linked to Micron Technology common stock that pays a contingent coupon and may auto-redeem. The notes have a stated principal amount of $1,000 per security, an issue price of $1,000, an estimated value of $954.00 on the pricing date and aggregate principal of $208,000. The contingent coupon is 31.75% per annum, payable only if the closing level of Micron is at or above a coupon barrier of $625.914 (60% of the initial level) on each observation date. The notes may be automatically redeemed if Micron closes at or above the call threshold of $1,043.19 (100% of the initial level) on any redemption determination date. At maturity, if the final level is below the downside threshold ($625.914), investors suffer principal loss pro rata to the underlier’s decline; if at or above that threshold, investors receive the stated principal. All payments are subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk.

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.