MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due July 15, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an upside payment of $103.10 (10.31%) if the S&P 500® closing level on the observation date is at or above the downside threshold.

If the final level is below the downside threshold (6,176.942, 85% of the initial level of 7,266.99), the payment at maturity equals the stated principal amount multiplied by the performance factor (final level/initial level), producing proportional principal loss and potentially a zero recovery.

Morgan Stanley Finance LLC priced principal-at-risk, auto-callable notes due June 26, 2031. Each security has a $1,000 stated principal amount and an issue price of $1,000 with an estimated value on the pricing date of approximately $932.10. The notes are linked to the worst performing of the EURO STOXX 50®, Nasdaq-100® and S&P 500® indices, are fully guaranteed by Morgan Stanley and may be automatically redeemed on specified annual determination dates beginning June 23, 2027 for fixed early redemption payments. At maturity investors may receive a capped positive payout, return of principal, or a loss proportional to the worst-performing underlier if it falls below its downside threshold (70% of initial level). All payments are subject to Morgan Stanley credit risk and U.S. federal income tax treatment is uncertain.

Morgan Stanley Finance LLC is offering callable, principal-at-risk notes due June 15, 2028 linked to the worst performing of the Nasdaq-100, Russell 2000 and the SPY ETF. The securities pay a contingent coupon at an annual rate of 11.30% when each underlier meets its coupon barrier on observation dates and can be redeemed early beginning June 15, 2027 based on a risk neutral valuation model. At maturity investors receive the stated principal if each final level is at or above a downside threshold (each set at 70% of initial levels); otherwise principal is reduced pro rata to the worst performing underlier and could be zero. All payments are subject to Morgan Stanley's credit risk; estimated value on pricing date was approximately $988.60 per security.

Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to the worst-performing of Samsara Inc. (IOT) and NextEra Energy (NEE). Each security has a $1,000 stated principal amount, an upside payment of $233 (23.30%) and an estimated value on the pricing date of $976.40. If the final level of either underlier is below its 70% downside threshold, holders lose in direct proportion to the decline of the worst performing underlier; there is no minimum payment and the securities could pay $0 at maturity. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and remain subject to Morgan Stanley credit risk. The observation date is December 11, 2026 and the stated maturity is December 16, 2026. Investors bear issuance costs included in the $1,000 issue price and selected dealers receive a $7.50 commission per security.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due July 15, 2027 linked to the S&P 500® Index. Each security has a $1,000 stated principal, a capped $98.10 upside payment (9.81%), a 10% buffer and a 1.1111 downside factor. If the final index level is below the buffer, investors lose 1.1111% of principal for each 1% decline beyond the 10% buffer; there is no guaranteed principal protection and no interest. Payments depend on the closing index level on the observation date and on Morgan Stanley's credit; estimated value at issuance was approximately $986.00 per security.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes called "Enhanced Buffered Jump Securities" linked to the S&P 500® Index, maturing June 28, 2027. Each security has a $1,000 stated principal amount and an $93 upside payment (9.30%).

Key economics: initial level 7,266.99 (strike date June 10, 2026), a buffer amount of 10% (buffer level 6,540.291), and a downside factor of 1.1111. If the final level on the observation date (June 23, 2027) is at or above the buffer level, investors receive principal plus the fixed upside payment; if below, losses apply at 1.1111% per 1% decline beyond the buffer and there is no minimum payment. The document shows an estimated value on the pricing date of approximately $985.00 per security and an agent fee of $10 per security (proceeds to issuer $990).

Morgan Stanley Finance LLC priced buffered participation securities linked to the KOSPI 200 Index. Each security has a $1,000 stated principal amount and an original issue date of June 16, 2026, with maturity on September 14, 2026. The notes return 100% participation in positive performance up to a maximum payment of $1,240 (124%). A 20% buffer applies: if the final level is at or above the buffer level, investors receive principal; if below the buffer level, investors lose 1.25% of principal for every 1% decline beyond the buffer, and could lose their entire investment. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley. The estimated value on the pricing date was approximately $986.90 per security. Terms are subject to the product supplement, index supplement, tax supplement and prospectus.

Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due June 15, 2028 linked to the Class A common stock of CoreWeave, Inc.. Each security has a $1,000 stated principal and an original issue price of $1,000. The securities pay a contingent quarterly coupon at an annual rate of 32.40% (approximately $81 per quarter) only for any determination date when the determination closing price is at or above the downside threshold of $43.025 (approximately 45% of the initial share price). The initial share price is $95.61 (closing price on June 10, 2026). If any of the first seven determination dates has a closing price at or above the initial share price, the notes will auto-redeem early for principal plus accrued contingent coupons. If not redeemed, at maturity payment is either principal plus any payable coupons (if final share price >= downside threshold) or the stated principal multiplied by the share performance factor (final/initial share price), exposing investors to 1-to-1 downside and possible loss of principal, including loss of the entire investment. Estimated value on the pricing date is approximately $962.70 per security. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC offers principal-at-risk structured notes called Enhanced Trigger Jump Securities linked to the worst performing of CVS Health Corporation common stock and Kratos Defense & Security Solutions, Inc. common stock. The stated principal amount is $1,000 per security with an issue price of $1,000 and an estimated value of approximately $975.90 on the pricing date. The securities were priced on June 11, 2026, have an observation date of December 11, 2026 and mature on December 16, 2026. If the final level of each underlier is at or above its downside threshold (70% of initial level), holders receive stated principal plus an upside payment of $281.50 (28.15%). If the worst performing underlier is below its downside threshold, holders suffer a loss equal to the percentage decline in that underlier and could lose their entire investment. All payments are subject to issuer and guarantor credit risk and the agent will receive a $7.50 sales commission per security.