MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a preliminary offering of structured Principal at Risk Securities due August 26, 2027 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 $983.30. Payments at maturity depend solely on the worst performing underlier on the observation date (August 23, 2027): investors may receive the stated principal plus up to a 118.90% maximum upside ($1,189), a limited positive return when declines remain within a 15% buffer, or a loss of principal beyond that buffer (minimum payment 15% of principal). All payments are subject to issuer and guarantor credit risk and the securities pay no interest.

Morgan Stanley Finance LLC is offering Principal at Risk Buffered Jump Securities linked to the Nasdaq-100 Index with a $1,000 stated principal per security. The securities feature a 10% buffer, automatic early redemption opportunities with fixed early redemption payments (approximately 9.55% per annum on each early redemption date), and a maturity payment structure that can return the stated principal, a fixed positive amount, or a reduced principal if the final index level is below the buffer. The pricing and strike dates are June 30, 2026, original issue date is July 6, 2026, and maturity is July 3, 2031. The estimated value on the pricing date is approximately $958.20 per security; all payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley, and are subject to issuer credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk digital EURO STOXX® Banks Index-linked notes that are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley. Each note has a Face Amount of $1,000 and will not pay interest. The Cash Settlement Amount at maturity depends on the Final Underlier Level of the EURO STOXX® Banks Index on a Determination Date expected to be 13 to 15 months after the Trade Date. If the Final Underlier Level is at least 90% of the Initial Underlier Level, holders receive a capped Maximum Settlement Amount expected to be between $1,152.70 and $1,179.10 per note. If the Final Underlier Level is below that threshold, repayment is reduced by a Buffer Rate of approximately 111.11%, and investors may lose some or all principal. The estimated value on the Trade Date is approximately $983.40 per note; the Original Issue Price is $1,000 and the agent’s commission is $10.80 per note. All payments are subject to issuer credit risk and the notes will not be listed on any exchange.

Morgan Stanley Finance LLC offers principal-at-risk, contingent income auto-callable notes linked to Marvell Technology, Inc. Each security has a stated principal amount of $1,000 and a contingent annual coupon of 43.00% payable only if the underlier meets the coupon barrier on observation dates. The notes can automatically redeem early if the underlier meets the call threshold on scheduled redemption determination dates. If not called, maturity payout is the stated principal if the final level is at or above the downside threshold (50% of the initial level); otherwise payment equals the stated principal multiplied by final/initial level, exposing investors to full downside and possible loss of principal. Estimated value on the pricing date was approximately $951.90 per security. All payments are subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes tied to the Nasdaq-100 Index. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The securities can be automatically redeemed on the first determination date for an early redemption payment of $1,150 (first determination date: June 28, 2027). If not redeemed, maturity is July 1, 2031, with payoff formulas that (a) pay the stated principal plus an upside payment when the final level exceeds the initial level (participation rate: 150%), (b) return only the stated principal when the final level is between the downside threshold (80% of the initial level) and the initial level, or (c) reduce principal pro rata when the final level is below the downside threshold. The pricing date and strike date are June 26, 2026, and the estimated value on the pricing date was approximately $982.40 per security. All payments are subject to MSFL's and Morgan Stanley's credit risk; these securities do not pay interest and could result in a total loss of principal.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering structured, principal‑at‑risk Buffered Jump Securities linked to the worst performing of three State Street ETFs. Each security has a $1,000 stated principal amount, an investor buffer of 15%, a downside factor of 1.1765% per 1% decline beyond the buffer, a participation rate of 200% for upside, an early redemption feature with an early redemption payment of $1,336.50 (first determination date June 25, 2027, early redemption date June 30, 2027) and final maturity on June 28, 2029. The pricing and strike dates are June 24, 2026, and the estimated value on the pricing date was approximately $984.10. The securities do not pay interest, are unsecured obligations of MSFL, are fully guaranteed by Morgan Stanley and expose investors to issuer credit risk and to the performance of the worst performing underlier.

Morgan Stanley Finance LLC priced a Buffered PLUS note due June 30, 2031 linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal and an estimated value on the pricing date of approximately $949.90.

At maturity the payoff pays the stated principal plus a 180% leveraged upside if the final level exceeds the initial level; returns are protected only up to a 20% buffer (buffer level = 80% of initial level). If the final level falls below the buffer, holders lose 1% for each 1% decline beyond the buffer, subject to a 20% minimum payment.

Morgan Stanley Finance LLC priced a Buffered PLUS note linked to the iShares® Semiconductor ETF (SOXX) with a stated principal amount of $1,000 per security. The securities mature on August 26, 2027 with an observation date of August 23, 2027. Investors receive 200% leveraged upside of the underlier’s appreciation subject to a $1,480 maximum payment (148% of principal). The note includes a 10% buffer (90% buffer level) and a minimum payment equal to 10% of principal; if the final level is below the buffer, holders lose 1% per 1% decline beyond the buffer. The estimated value on the pricing date was approximately $965.90 per security. All payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; holders bear issuer credit risk and tax-treatment uncertainty.

Morgan Stanley Finance LLC is offering structured, auto‑callable Jump Notes due June 27, 2031, linked to the worst performing common stock of Amazon.com, Inc., NVIDIA Corporation and Tesla, Inc. The notes have a stated principal amount of $1,000 per note, pay no interest, and are fully guaranteed by Morgan Stanley. The notes may be automatically redeemed on the first determination date for an $1,216.50 early redemption payment if each underlier meets its call threshold (85% of its initial level). If not auto‑redeemed, maturity payments either return principal or return principal plus an upside payment equal to 125% of the appreciation of the worst performing underlier. All payments are subject to Morgan Stanley’s credit risk; the estimated value on the pricing date is approximately $977.00 per note.