MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes linked to the S&P 500® Index with a lookback initial-level feature and an automatic early redemption on the first determination date.

The notes have a $1,000 stated principal amount, an issue price $1,000, a pricing date of June 12, 2026, an original issue date of June 17, 2026, a first determination date of August 12, 2027, and a maturity date of August 17, 2028. The notes pay $1,091 per security if automatically redeemed on the first determination date, otherwise payoff depends on the lookback-determined initial level, a 125% participation rate on appreciation and a downside threshold at 80% of the initial level. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; holders remain exposed to issuer credit risk and may lose their entire investment.

Morgan Stanley Finance LLC offers Principal at Risk Contingent Income Memory Securities due June 13, 2029. The securities pay a contingent coupon of $9.30% per annum on specified coupon dates only if each of four underliers meets its coupon barrier level on the related observation date. At maturity, if each underlier is at or above its downside threshold (each set at 70% of its initial level), investors receive the stated principal of $1,000 per security; otherwise payment equals $1,000 multiplied by the performance factor of the worst performing underlier, potentially resulting in a significant loss of principal or zero. The offering sizes are stated as $500,000 aggregate and $1,000 per security, with an estimated value on the pricing date of $984.40 per security. All payments are subject to issuer and guarantor credit risk and the securities do not participate in any appreciation of the underliers.

Morgan Stanley Finance LLC is offering Principal at Risk notes due June 23, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and offers a contingent coupon at an annual rate of 11.85% payable only if the underlier meets the coupon barrier on observation dates. The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, with a coupon barrier at 70% of the initial level, a downside threshold at 60% of the initial level, and a call threshold at 100% of the initial level. The notes are automatic early redemption candidates on specified determination dates beginning December 17, 2026. If not redeemed, maturity payment returns principal only if final level is >= the downside threshold; otherwise payment equals principal × (final level/initial level). Estimated value on the pricing date is approximately $906.40 per security. All payments are subject to Morgan Stanley’s credit risk; investors bear the risk of losing some or all principal and may receive no coupons.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk, contingent income auto‑callable securities due June 14, 2029, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal and a contingent coupon at an annual rate of 14.00% payable only if both underliers meet coupon barrier tests on observation dates. The securities reference the worst performing of the IHI Fund (iShares U.S. Medical Devices ETF) and the XLK Fund (State Street Technology Select Sector SPDR ETF) using initial levels of $49.72 (IHI) and $176.63 (XLK) as of the strike date. Coupon and downside barrier levels are 75% of initial levels ($37.29 and $132.473). Automatic early redemption is possible beginning with the redemption determination date on December 10, 2026; if not called, maturity payoff depends on the worst performing underlier and can result in a full loss of principal. Estimated value on the pricing date was approximately $960.60 per security.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering principal-at-risk, auto-callable securities linked to Carvana Co. Class A common stock. Each note has a $1,000 stated principal amount, an issue price of $1,000 and a maturity date of June 12, 2031. Automatic early redemption begins at the first determination date on June 16, 2027 if the closing level of the underlier is at or above the call threshold of $55.688 (80% of the initial level). Early redemption payments range from $1,236 to $2,121 per security on scheduled dates; the payment at maturity is $2,180 if the final level is at or above the call threshold, the stated principal if between the downside threshold and the call threshold, or the stated principal multiplied by the performance factor if below the downside threshold of $41.766 (60% of the initial level). All payments are subject to issuer credit risk and the securities do not pay interest.

Morgan Stanley Finance LLC is issuing PLUS principal-at-risk securities linked to the common stock of UnitedHealth Group Incorporated. Each security has a stated principal amount of $1,000, a 300% leverage factor and a maximum payment at maturity of $1,355.50. The initial level is $406.57 (strike date June 8, 2026), the observation date is June 9, 2027, and the stated issue price is $1,000 per security with an estimated value on the pricing date of $979.50. At maturity investors receive the stated principal plus 300% of any appreciation up to the maximum payment; if the underlier declines, investors lose 1% of principal for each 1% decline and could lose their entire investment. All payments are subject to MSFL's and Morgan Stanley’s credit risk; minimum payment at maturity is none.

Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to the Russell 2000® Index with automatic early redemption and a 5-year term. Each security has a $1,000 stated principal amount and a 150% participation rate for upside above the initial level. The first determination date for an automatic early redemption is June 21, 2027; the early redemption payment is $1,125 per security. If not redeemed, maturity is June 17, 2031. A downside threshold is set at 75% of the initial level; if the final level is below that threshold, principal is reduced pro rata and could be zero. The issuer is MSFL and the securities are fully guaranteed by Morgan Stanley; all payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced a primary offering of structured, principal‑at‑risk notes fully and unconditionally guaranteed by Morgan Stanley. The securities pay no interest, have a $1,000 stated principal amount, and an aggregate principal amount of $8,000,000. They feature automatic early redemption on specified determination dates and final maturity on June 12, 2031. Early redemption payments rise over the term (illustrated payments range from $1,029.375 to $1,558.125), and payment at maturity depends on the worst performing of the EURO STOXX 50® and Russell 2000® indices relative to call and downside thresholds. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities tied to the capital stock of International Business Machines Corporation. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $981. The securities pay a 15.50% annual contingent coupon only if the underlier meets the coupon barrier on scheduled observation dates and are automatically redeemed if the underlier meets the call threshold on any redemption determination date starting March 25, 2027. The final observation date is December 27, 2027 with maturity on December 30, 2027. If not autocalled and the final level is below the downside threshold (set at 60% of the initial level), investors suffer losses proportional to the underlier’s decline and could lose their entire principal. All payments are subject to the issuer’s and guarantor’s credit risk.