MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering contingent income auto-callable securities linked to Palantir Technologies Inc. Class A common stock. Each note has a stated principal amount of $1,000, an original issue date of June 17, 2026, and a maturity date of June 15, 2028. The securities pay a contingent coupon at an annual rate of 14.90% on coupon payment dates only if the underlier's closing level on the related observation date is at or above the coupon barrier level (60% of the initial level). The notes may be automatically redeemed early if the closing level on any redemption determination date is at or above the call threshold (85% of the initial level), in which case investors receive the stated principal plus the contingent coupon for that period. If not redeemed and the final level is below the downside threshold (60% of the initial level), the payment at maturity equals the stated principal multiplied by the final/initial performance factor and could be significantly less than principal or zero. The estimated value on the pricing date was approximately $964.30 per security. All payments are subject to MSFL and Morgan Stanley credit risk and the offering includes underwriting and structuring costs embedded in the issue price.

Morgan Stanley Finance LLC priced Principal-at-Risk PLUS securities due June 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount per security and pay no interest. At maturity investors receive the stated principal plus a 150% leverage on positive performance of the Dow Jones Industrial Average, capped at a $1,636 maximum payment per security (163.60% of principal). If the index falls, investors lose 1% of principal for each 1% decline in the index and could lose their entire investment. The pricing date and strike date are June 25, 2026, with original issue and maturity dates of June 30, 2026 and June 30, 2031, respectively. The estimated value on the pricing date was approximately $946.20 per security.

Morgan Stanley Finance LLC is offering callable, principal‑at‑risk structured notes linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF. Each security has a stated principal amount of $1,000 and a contingent coupon at an annual rate of 14.00% payable only if each underlier closes at or above its coupon barrier on observation dates. The notes include a 20% buffer and a minimum payment at maturity of 20% of principal; if the worst performing underlier finishes below its buffer, investors lose 1% for each 1% decline beyond the buffer. The securities are callable beginning December 22, 2026 based on the output of a risk neutral valuation model. Estimated value on the pricing date was approximately $981.70 per security. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced callable contingent income securities linked to the worst performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. Each note has a $1,000 stated principal amount, a contingent coupon rate of 11.75% per annum and a principal-at-risk payoff tied to the worst performing underlier. The notes may be redeemed early beginning December 23, 2026 based on the output of a risk neutral valuation model. If not redeemed, maturity is December 21, 2028; if the final level of any underlier is below its 60% downside threshold, investors suffer a loss proportional to the decline in the worst performing underlier. All payments are subject to Morgan Stanley and MSFL credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk callable contingent-income buffered securities linked to the worst performing of the IWM Fund, the NDXT Index and the SPX Index. Each security has a $1,000 stated principal and may pay an 11.50% per annum contingent coupon on specified observation dates if every underlier meets its coupon barrier.

The securities feature a 20% buffer and a 1.25 downside factor at maturity: if the worst performing underlier closes below its buffer, investors lose 1.25% of principal for each 1% decline beyond the 20% buffer. The securities are callable starting July 14, 2026, mature on December 14, 2026, and all payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC issues a Preliminary Pricing Supplement for Principal-at-Risk notes linked to the worst performing of Rubrik, Inc. (RBRK) and Veeva Systems Inc. (VEEV). Each security has a stated principal amount of $1,000 and an upside payment of $263.50 (26.35% of principal) payable at maturity if both underliers finish at or above their downside thresholds. If either underlier finishes below its 70% downside threshold, the payment equals the stated principal multiplied by the worst performing underlier’s performance factor, and could be significantly less or zero. The securities pay no interest, are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; all payments remain subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC offers Principal at Risk Buffered Participation Securities tied to the S&P 500® Index with a stated principal of $1,000 per security. The securities mature on September 14, 2027 with an observation date of September 9, 2027. Investors participate at a 100% participation rate up to a maximum payment of $1,117.50 (111.75%). A buffer equals 20% of the initial level (initial level 7,386.65; buffer level 5,909.32); losses beyond the buffer reduce principal dollar-for-dollar, subject to a minimum payment of 20% of principal. All payments are subject to MSFL and Morgan Stanley credit risk; estimated value on the pricing date is approximately $982.00.

Morgan Stanley Finance LLC is offering Buffered PLUS notes due July 14, 2027 linked to the S&P 500® Index. Each security has a stated principal amount of $1,000. The notes provide 150% leveraged upside on positive index performance capped at a $1,129.50 maximum payment and a 10% buffer against losses, with a minimum payment at maturity of 10% of principal. The initial level (closing on the strike date) is 7,386.65 and the buffer level is 6,647.985. The securities pay no interest, are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley. The estimated value on the pricing date is approximately $988.30 per security. All payments are subject to Morgan Stanley’s credit risk, and U.S. federal tax treatment is described as uncertain in the supplement.

Morgan Stanley Finance LLC prices Principal-at-Risk notes for $725,000 aggregate offering $1,000 principal per security, fully and unconditionally guaranteed by Morgan Stanley. The callable contingent income securities pay a contingent coupon at an annual rate of 11.00% only if each underlier meets its coupon barrier on observation dates.

The notes are linked to the worst performing of the Dow Jones Industrial Average, the iShares Expanded Tech-Software Sector ETF and the Russell 2000 Index. A 60% downside threshold applies to each underlier; if any underlier finishes below its threshold at maturity, principal is reduced pro rata to the worst-performing underlier and could be zero. The issuer may redeem early based on a risk neutral valuation model; all payments remain subject to Morgan Stanley credit risk.