MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes guaranteed by Morgan Stanley with a $1,000 stated principal amount per security and an aggregate offering of $932,000. The securities are auto-callable on the first determination date of June 10, 2027 if the underlier is at or above the call threshold (100), producing an early redemption payment of $1,150 on June 15, 2027. If not called, maturity is June 12, 2031. At maturity investors receive: (a) principal plus an upside payment if the final level > initial level (participation rate 275%); (b) principal if final level ≥ downside threshold (80); or (c) a pro rata loss equal to the underlier decline if final level < downside threshold, which could result in total loss of principal. Estimated value on the pricing date was $984.60. All payments are subject to issuer and guarantor credit risk. The securities were sold to fee-based advisory accounts; agent commissions were $2.50 per security.

Morgan Stanley Finance LLC prices structured Principal-at-Risk notes under a prospectus supplement, offering an aggregate principal amount of $530,000 in securities linked to the S&P 500® Index. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $991.60.

At maturity on September 13, 2027, investors receive the stated principal plus an $86.50 upside payment if the final level is at or above the buffer level (80% of the initial level). If the final level is below the buffer level, losses are 1% for each 1% decline beyond the 20% buffer, subject to a 20% minimum payment. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; payments remain subject to the issuer/guarantor credit risk.

Morgan Stanley Finance LLC priced contingent income auto-callable notes linked to the worst-performing of the SPDR4 Gold Trust (GLD) and the VanEck4 Gold Miners ETF (GDX). The securities have a $1,000 stated principal amount, an original issue price of $1,000, aggregate principal of $2,236,000 and a contingent annual coupon of 13.00% payable only if both underliers meet coupon barriers on observation dates. The notes can auto-redeem on specified dates if both underliers meet call thresholds; otherwise principal at maturity depends on the worst-performing underlier and can be reduced pro rata to zero. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; investors bear issuer credit risk and may receive no coupons.

Morgan Stanley Finance LLC is offering Principal at Risk notes due March 15, 2028, fully guaranteed by Morgan Stanley, linked to a five-stock basket (Robinhood, AppLovin, Micron, Qualcomm, Carvana). Each security has a $1,000 stated principal amount and may pay a contingent coupon at 16.30% per annum on observation dates when the underlier is at or above a 70 coupon barrier. The securities are automatically callable on specified redemption determination dates if the underlier is at or above a 90 call threshold; early redemption returns principal plus the related contingent coupon. At maturity, if the final level is below a 60 downside threshold, investors suffer pro rata principal loss equal to the underlier's decline (payment = $1,000 × performance factor). The document states an estimated value on the pricing date of approximately $909 per security and notes that all payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced contingent-income auto-callable notes linked to the First Trust Nasdaq Cybersecurity ETF. Each note has a $1,000 stated principal and an issue price of $1,000; the estimated value on the pricing date was approximately $962.80. The notes mature on June 15, 2029 with a final observation date of June 12, 2029 and can be automatically redeemed beginning after the first redemption determination date of September 14, 2026. A contingent coupon of 8.75% per annum is payable only when the underlier’s closing level on an observation date is at or above a coupon barrier equal to 70% of the initial level; the downside threshold is also 70% of the initial level. If the final level is below the downside threshold, payment at maturity is reduced pro rata by the performance factor and could be zero. All payments are unsecured and subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC priced $4,309,000 of buffered digital notes linked to the MSCI EAFE® Index that mature on April 7, 2028. For each $1,000 face amount, the notes pay $1,163.10 at maturity if the Final Underlier Level is at least 87.50% of the initial level; if the Underlier declines more than 12.50%, holders absorb losses according to the formula in the terms. The Trade Date is June 9, 2026, the Initial Underlier Level is 3,047.37, and the issuer estimates the notes' value on the Trade Date at $989.50 per note. All payments are subject to issuer credit risk and the notes are unsecured, unlisted, non‑interest bearing, and not FDIC insured.

Morgan Stanley Finance LLC offers callable contingent income securities due May 18, 2028, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a contingent coupon at an annual rate of 11.00% payable only if the closing level of each underlier meets its coupon barrier on each observation date. The securities reference the worst performing of the Nasdaq-100 Index, Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF. If not redeemed, repayment at maturity is the stated principal when each underlier is at or above its 60% downside threshold; otherwise the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, which could result in a total loss of principal. The securities may be called beginning September 18, 2026 based on a risk neutral valuation model, and all payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a proposed offering of principal-at-risk, auto-callable notes due June 29, 2028 linked to the capital stock of International Business Machines Corporation and fully guaranteed by Morgan Stanley. The notes have a stated principal amount of $1,000 per security and an original issue price of $1,000. The issuer estimates the value on the pricing date at approximately $979.30 per security. The securities feature quarterly determination dates beginning with the first determination date on July 1, 2027; if the closing level of the underlier is at or above the call threshold (100% of the initial level) on a determination date, the notes will be automatically redeemed for a fixed early redemption payment (for example, $1,225.00 on the first scheduled early redemption date). If not called, maturity payoffs vary: $1,450.00 if final level >= call threshold; $1,000 if final level >= downside threshold; otherwise payment = stated principal × (final level/initial level). All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering callable principal-at-risk notes tied to the worst performing of four equities. Each security has a stated principal amount of $1,000, pays a fixed coupon at an annual rate of 13.35% monthly, and matures on June 22, 2027 unless earlier redeemed.

Beginning on the first redemption date, the issuer may call the notes if a risk neutral valuation model indicates redemption is economically rational. At maturity, if every underlier is ≥ its downside threshold (65% of initial level), investors receive principal; if any underlier is below its downside threshold, payment equals principal × performance factor of the worst performing underlier, so principal can be substantially reduced or zero. All payments are subject to Morgan Stanley’s credit risk. The estimated value on the pricing date was about $976.50 per security; the issue price is $1,000.