MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk, ETF-linked notes due in roughly 12 to 14 months, fully guaranteed by Morgan Stanley. Each note has a $1,000 Face Amount. The payment at maturity depends on the iShares Expanded Tech-Software ETF (Bloomberg: IGV) final level versus an 85% Threshold: if the Final Underlier Level is >= 85% of the Initial Underlier Level investors receive a capped Maximum Settlement Amount (expected between $1,156.60 and $1,183.70 per note); if the Underlier declines more than 15%, the payoff formula can produce losses up to the full principal. The estimated value on the Trade Date is approximately $980.70 per note. The offering includes a dealer concession of $10.70 per note and involves issuer credit risk, limited liquidity, no interest or dividends, no listing, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due July 9, 2027 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and pays a fixed $75 upside payment if the worst performing underlier finishes at or above its 75% buffer level. If the worst performing underlier finishes below its buffer level, losses apply at a 1.3333% downside factor for each 1% decline beyond the 25% buffer, and there is no minimum payment at maturity. The securities reference the Dow Jones Industrial Average, the S&P 500 Equal Weight Index and the S&P 500 Index, and their value is based solely on the worst performing underlier. All payments remain subject to issuer and guarantor credit risk. The estimated value on the pricing date was approximately $990.30 per security.

Morgan Stanley Finance LLC offers fixed‑coupon, principal‑at‑risk securities due July 31, 2031, fully guaranteed by Morgan Stanley. The notes pay a 7.50% annual fixed coupon, have a stated principal amount of $1,000 per security and an automatic early redemption feature tied to the underlier.

If not called, maturity payoff depends on the S&P® 500 Futures 40% Intraday 4% Decrement VT Index: investors receive principal at maturity only if the final level is at or above the buffer level (the buffer is 15% of the initial level); if the final level is below the buffer, principal is reduced proportionally subject to a 15% minimum payment at maturity. The document states an estimated value on the pricing date of approximately $926.20 per security.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes fully guaranteed by Morgan Stanley that pay a contingent coupon and feature an automatic early‑redemption mechanism and a 15% buffer at maturity. Each security has a stated principal amount of $1,000, an original issue price of $1,000, and an estimated value on the pricing date of approximately $921.50.

The notes reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. A contingent coupon at an annual rate of 16.50% may be paid on observation dates only if the underlier’s closing level is at or above the coupon barrier (75% of the initial level). If not automatically redeemed, maturity payout protects the first 15% of loss but exposes investors to a 1% principal loss for each 1% decline beyond the buffer, subject to a 15% minimum payment at maturity. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due September 28, 2027, fully guaranteed by Morgan Stanley, linked to the worst performing of the Nasdaq-100® and S&P 500® indices. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $982.80. The notes pay no interest and at maturity provide one of three outcomes based on the worst performing underlier on the observation date: (1) upside payment if the final level is above the initial level, (2) a capped positive payment if the final level is between the initial level and the 90% buffer (absolute return participation of 150% but effectively limited to 15% positive return), or (3) principal loss pro rata beyond the 10% buffer, subject to a 10% minimum payment at maturity. Strike and pricing dates are June 23, 2026 with original issue date June 26, 2026. All payments are subject to issuer and guarantor credit risk; tax treatment is uncertain and discussed in the tax supplement.

Morgan Stanley Finance LLC is offering Principal at Risk Structured Investments — dual‑underlier, buffered participation securities linked to the worst performing of the Nasdaq‑100 and the S&P 500, with maturity on July 28, 2027. The securities have a $1,000 stated principal amount, an estimated value on the pricing date of approximately $983.10, an upside cap of $1,165 (116.50% of principal), a 15% buffer and a minimum payment at maturity of 15% of principal.

The payout at maturity is determined solely by the worst performing underlier on the observation date (July 23, 2027): investors may receive up to the capped upside, a limited positive return if the worst underlier declines but stays within the 15% buffer, or losses beyond the buffer (1% loss of principal for each 1% decline beyond the buffer). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, unsecured notes linked to shares of the iShares® Expanded Tech-Software Sector ETF with a $1,000 Face Amount per note. The notes pay no interest; maturity payment depends on the ETF's performance at a single Determination Date (expected 13–15 months after the Trade Date). If the Final Underlier Level is ≥90% of the Initial Underlier Level, holders receive a capped Maximum Settlement Amount expected to be between $1,189.80 and $1,222.70 per note. If the Final Underlier Level is <90% of the Initial Underlier Level, the Cash Settlement Amount declines pro rata and could result in a total loss of principal. Morgan Stanley guarantees the notes but credit risk remains; estimated value on the Trade Date is approximately $979.40 per note. Terms such as the Initial Underlier Level, Final Underlier Level, Determination Date and Stated Maturity Date will be set on the Trade Date.

Morgan Stanley Finance LLC is offering Principal at Risk PLUS securities due September 8, 2027 linked to a five‑index basket. The securities have a stated principal amount of $1,000 per security, a leverage factor of 300% on Upside performance and a maximum payment at maturity of $1,184 (118.40%).

Key dates: Strike/Pricing July 2, 2026, Original issue date July 8, 2026, observation date September 2, 2027. Payment at maturity depends solely on the closing basket level on the observation date; investors may lose up to their entire principal and bear Morgan Stanley credit risk. The estimated value on the pricing date is $966.80 per security.

Morgan Stanley Finance LLC is offering Principal at Risk auto-callable securities linked to ServiceNow, Inc. common stock with a stated principal amount of $1,000 per security. The notes pay a contingent coupon (annual rate 21.35%) only if observation-date levels meet the coupon barrier and may auto-redeem early if call thresholds are met. If not redeemed, repayment at maturity on July 1, 2027 depends on the final level versus a downside threshold (50% of the initial level); losses may equal the full decline in the underlier and could result in total loss of principal. All payments are subject to issuer and guarantor credit risk.