MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a contingent income, memory auto-callable principal-at-risk note linked to NVIDIA Corporation common stock with a stated principal amount of $1,000 per security. The note has a pricing and strike date of June 18, 2026, an original issue date of June 24, 2026, a final observation date of June 18, 2030, and a maturity date of June 24, 2030.

The securities pay a contingent coupon (annual rate at least 14.75%, final rate set on the pricing date) only when the underlier’s closing level on observation dates meets or exceeds a coupon barrier set at 75% of the initial level. They automatically redeem early if the underlier equals or exceeds a call threshold equal to 100% of the initial level on any redemption determination date. At maturity, if the final level is below the downside threshold (75% of the initial level), principal is reduced proportionally to the underlier’s decline (payment = $1,000 × final level / initial level).

Morgan Stanley Finance LLC offers Principal at Risk securities due August 4, 2027, linked to the worst performing of the Russell 2000® and S&P 500® indices under a preliminary pricing supplement dated June 16, 2026.

The securities have a stated principal amount of $1,000 per security, an upside payment of $130 (13%) if the worst performing underlier is at or above an 85% downside threshold on the observation date (July 30, 2027), and otherwise pay the stated principal multiplied by the worst performing underlier’s performance factor; there is no minimum payment. The estimated value on the pricing date is approximately $973.80 per security. All payments are subject to MSFL’s credit risk and guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC offers Buffered PLUS structured notes due July 3, 2031 linked to the S&P 500® Index. Each security has a stated principal amount of $1,000, an upside leverage factor of 125%, a capped maximum payment of $1,664 and a 15% downside buffer with a 15% minimum payment at maturity. The pricing and strike dates are June 30, 2026 and the original issue date is July 6, 2026. The document states an estimated value on the pricing date of approximately $977.60 per security. Payments at maturity depend solely on the closing level of the underlier on the observation date and are subject to issuer and guarantor credit risk and the calculation agent’s determinations.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 28, 2029, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a contingent annual coupon of 13.40% payable only when each underlier meets its coupon barrier on observation dates. The securities reference the Dow Jones Industrial Average, the Russell 2000® Index and the State Street® Technology Select Sector SPDR® ETF and pay at maturity either the stated principal (if all underliers are at or above 80% buffer levels) or a reduced amount reflecting the worst performing underlier beyond a 20% buffer; the minimum payment at maturity is 20% of principal. The notes are callable beginning December 30, 2026 if a risk neutral valuation model indicates early redemption is economically rational for the issuer. Estimated value on the pricing date was approximately $980.00 per security. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced Principal-at-Risk structured notes: Contingent Income Memory Buffered Auto-Callable Securities linked to Palantir Technologies Inc. class A common stock, with a stated principal amount of $1,000 per security and an estimated value of approximately $977.50 on the pricing date. The notes pay a 19.75% contingent coupon (annual rate) on observation dates if the closing level of the underlier meets the coupon barrier level, feature automatic early redemption beginning on September 28, 2026, and mature on December 30, 2027. A 30% buffer applies at maturity; if the final level is below the buffer, investors lose 1.4286% of principal for each 1% decline beyond the buffer. Payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. All payments are subject to issuer credit risk and tax uncertainties.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due June 24, 2031, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $950.70. The notes pay no interest and carry an automatic early redemption on the first determination date (June 22, 2027) if the underlier is at or above the call threshold (100% of the initial level), in which case the early redemption payment is $1,252.50 per security. If not called, maturity payments depend on the final level versus the initial and a 50% downside threshold: if the final level is above the initial level holders receive principal plus an upside payment (participation rate 350%); if the final level is between the downside threshold and the initial level holders receive the stated principal; if the final level is below the downside threshold holders receive the stated principal multiplied by the performance factor and may suffer substantial or total loss. The underlier is the S&P 500 Futures 40% Intraday 4% Decrement VT Index, which includes a 4.0% per annum decrement and limited operating history (inception August 30, 2024). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note linked to Ares Management Corporation Class A common stock, due June 29, 2029. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $962.10. The securities pay a contingent coupon at an annual rate of 19.30% only if the closing level of the underlier meets or exceeds the coupon barrier on observation dates; the coupon barrier and downside threshold are each set at 60% of the initial level. The notes feature automatic early redemption if the underlier is at or above the call threshold (100% of initial level) on any redemption determination date, and if not redeemed at maturity investors will receive principal only if the final level is at or above the downside threshold; otherwise payment at maturity equals the stated principal multiplied by the performance factor (final level/initial level), which could result in a significant loss or total loss of principal.

Morgan Stanley Finance LLC is offering contingent income auto-callable securities linked to NextEra Energy, Inc. common stock with a stated principal amount of $1,000 per security and an original issue price of $1,000. The notes pay a contingent coupon at an annual rate of 9.40% on coupon payment dates only if the underlier's closing level on each observation date is at or above a coupon barrier equal to 70% of the initial level. The securities may be automatically redeemed on specified redemption determination dates if the closing level is at or above the call threshold (100% of the initial level). If not redeemed, maturity payment depends on the final level versus a downside threshold equal to 70% of the initial level; if the final level is below that threshold, the payment equals the stated principal multiplied by the performance factor and could be significantly less than principal, including zero. The estimated value on the pricing date is approximately $966.80 per security. All payments are subject to the issuer's and guarantor's credit risk; holders do not participate in upside of the underlier and may receive no coupons.

The issuer, Morgan Stanley Finance LLC, is offering structured, principal-at-risk notes due June 26, 2031 that are fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, an estimated value on the pricing date of approximately $911.60, and a 15% buffer level. The notes reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, carry an automatic early‑redemption feature tied to periodic determination dates beginning June 23, 2027, and pay fixed early redemption amounts (first such payment is $1,181.00 per security). If not called, the maturity payoff is formulaic: $1,905.00 if the final level is at or above the call threshold, the stated principal if final level is between the buffer and call threshold, and a reduced payment below the buffer (losses of 1% per 1% index decline beyond the buffer), subject to a minimum payment equal to 15% of principal. All payments are subject to issuer credit risk and tax and distribution restrictions described herein.