MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk notes linked to the S&P 500® Index that mature on July 21, 2027. Each security has a $1,000 stated principal amount and an $89 upside payment (8.90%) if the final level is at or above the downside threshold.

If the final level is below the downside threshold (6,009.08, equal to 80% of the initial level), the payment equals the stated principal multiplied by the performance factor (final level/initial level), resulting in pro rata losses and possible loss of the entire principal. Estimated value on the pricing date was approximately $986.80 per security; the issue price is $1,000.

Morgan Stanley Finance LLC is offering auto‑callable, principal‑at‑risk notes linked to the iShares® MSCI Taiwan Index Fund. Each security has a $1,000 stated principal amount, an estimated value on the pricing date of approximately $957.80, and an issue price of $1,000. The notes can be automatically redeemed on the first determination date for an early redemption payment of $1,231 if the underlier’s closing level meets the 100% call threshold. At maturity, investors may receive the stated principal plus the greater of a fixed $462 upside payment or 100% participation in appreciation, or they may suffer principal losses if the final level falls below the 85% downside threshold, potentially losing up to 1% of principal for each 1% decline in the underlier.

Morgan Stanley Finance LLC is offering principal‑at‑risk auto‑callable notes due December 23, 2027 linked to the worst performing shares of Amazon, Microsoft and NVIDIA. Each security has a $1,000 stated principal and an issue price of $1,000. The notes pay a contingent coupon at an annual rate of 12.00% on scheduled coupon payment dates only if each underlier is at or above its coupon barrier on the related observation date; unpaid coupons may be paid later only if future observation dates meet the coupon condition. The notes can be automatically redeemed early on specified determination dates if each underlier is at or above its call threshold, in which case holders receive principal plus the contingent coupon for that period. If not auto‑redeemed, maturity payoff depends on the worst performing underlier: investors receive full principal if each final level is at or above its buffer level (70% of initial); otherwise holders lose 1.4286% of principal for every 1% the worst performing underlier declines beyond the 30% buffer. The pricing date was June 17, 2026, strike levels (initial) were AMZN $246.00, MSFT $393.83, NVDA $207.41, and the estimated value on the pricing date was approximately $956.80 per security. All payments are subject to Morgan Stanley Finance LLC's and Morgan Stanley's credit risk.

The Preliminary Pricing Supplement describes Morgan Stanley Finance LLC's offering of principal‑at‑risk, contingent‑coupon, memory auto‑callable securities linked to the S&P 500® Index. Each security has a $1,000 stated principal, issue price of $1,000, estimated value of approximately $985, a 7.80% per annum contingent coupon and a maturity date of July 21, 2027. Automatic early redemption may occur on specified dates if the index equals or exceeds the call threshold of 7,511.35. If not called, maturity payoff depends on the final index level relative to the downside threshold (75% of initial level); below that level investors suffer proportional principal losses. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering structured, 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 upside payment of $78 (7.80%) if the final level is at or above the downside threshold.

The payment at maturity depends on the S&P 500® Index closing level on the observation date: the initial level is 7,511.35 (strike date June 16, 2026) and the downside threshold level is 5,633.513 (75% of the initial level). If the final level is below that threshold, holders lose 1% of principal for each 1% decline; there is no minimum payment at maturity and the securities could mature worthless.

Morgan Stanley Finance LLC priced principal-at-risk notes tied to the S&P 500® Index. Each security has a stated principal amount of $1,000, an upside payment of $98 (9.80%) if the final level is at or above the downside threshold (85% of the initial level), and a maturity date of July 21, 2027. If the final level is below the downside threshold, payment at maturity equals the stated principal amount times the performance factor (final level/initial level), and investors can lose up to their entire initial investment.

The initial issue price is $1,000 and the estimated value on the pricing date is approximately $985.30. All payments are subject to issuer and guarantor credit risk; additional terms, tax treatment, and hedging/secondary market details are described in the accompanying supplements.

Morgan Stanley Finance LLC is offering Leveraged Buffered Russell 2000® Index-Linked Notes due September 17, 2027, fully guaranteed by Morgan Stanley. Each $1,000 Face Amount note returns linked exposure to the Russell 2000® Index from a Strike Date of June 15, 2026 to the Determination Date of September 15, 2027. Investors receive 150% participation in positive index performance up to a $1,214.50 Maximum Settlement Amount; a 10.00% downside buffer protects against losses up to 10.00%, but losses exceed the buffer if the index falls more than 10.00 (you could lose some or all principal). Notes pay no interest, are unsecured, not listed, and are subject to issuer credit risk. The document states an estimated Trade Date value of approximately $983.50 per note and lists the Face Amount, fees and key mechanics.

Morgan Stanley Finance LLC is offering 10-year Trigger GEARS linked to a weighted Basket of international indices that mature on July 1, 2036. Each Security has an Issue Price of $10.00 and an estimated Trade Date value of $8.708 per Security. If the Basket Return is positive, the payment at maturity equals $10 plus $10 times the Basket Return times an Upside Gearing set between 1.730 and 1.930 (final gearing set on the Trade Date). If the Basket Return is zero or negative but the Final Basket Level is at or above the Downside Threshold (65% of the Initial Basket Level), investors receive the $10 principal; if the Final Basket Level is below that threshold, holders absorb losses proportionate to the negative Basket Return. Payments are unsecured, unsubordinated and fully and unconditionally guaranteed by Morgan Stanley and are subject to issuer credit risk. The securities do not pay interest or dividends and are intended for investors willing to risk loss of principal in exchange for leveraged upside on a basket of EURO STOXX 50, Nikkei 225, FTSE 100, SMI and S&P/ASX 200.

Morgan Stanley Finance LLC is offering Market-Linked Notes due July 1, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each $1,000 Note pays no interest and returns at maturity either the $1,000 principal (if the Basket Return is zero or negative) or $1,000 plus a leveraged positive return equal to $1,000 × Basket Return × Participation Rate. The Notes reference a weighted Basket of five international indices (EURO STOXX 50, Nikkei 225, FTSE 100, SMI and S&P/ASX 200) with weights of 40%, 25%, 17.5%, 10% and 7.5%, respectively. The indicative Participation Rate is expected to be between 105.00% and 113.70%, to be set on the Trade Date of June 26, 2026. The Issue Price is $1,000 per Note; the issuer estimates the value on the Trade Date at approximately $935.30 per Note (± $55.00). Payments and principal are subject to the issuer’s and guarantor’s credit risk, the Notes are unsecured, not exchange-listed, and secondary market liquidity may be limited.