MORGAN STANLEY SEC Filings

The pricing supplement details a primary offering of Principal at Risk notes issued by Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, with an original issue price of $1,000 per security and an aggregate principal amount of $385,000. The securities pay a contingent coupon at an annual rate of 13.15% only if the underlier meets the coupon barrier on observation dates and are subject to automatic early redemption if the underlier meets the call threshold on redemption determination dates. The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with an initial level of 3,427.42 (strike date). Coupon barrier is 2,399.194 (70% of initial) and downside threshold is 2,056.452 (60% of initial). If not redeemed and the final level is below the downside threshold, investors suffer principal loss equal to the underlier decline (payment = stated principal × performance factor). Maturity date is June 10, 2031. The estimated value on pricing date was $903.20 and the agent’s commission was $32.50 per security.

Morgan Stanley Finance LLC priced Principal-at-Risk Buffered Participation Securities linked to the S&P 500® Index. The securities were issued at a $1,000 stated principal amount per security with an aggregate principal amount of $465,000. The observation date is June 11, 2027 and the maturity date is June 16, 2027. The securities pay no interest and are fully and unconditionally guaranteed by Morgan Stanley, so all payments are subject to Morgan Stanley’s credit risk. Payouts: 100% participation in positive index performance subject to a $1,093 maximum payment (109.30%), a 20% buffer (buffer level = 80% of initial level), and a minimum payment of 20% of stated principal. The initial level is 7,383.74 (closing level on June 5, 2026). These securities expose investors to potential significant principal loss if the final level is below the buffer and limit upside above the stated maximum.

The issuer Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due June 8, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an aggregate principal amount of $5,002,000. The securities pay a contingent quarterly coupon at an annual rate of 21.25% only for determination dates when the underlying MongoDB, Inc. closing price is at or above the downside threshold of $175.37 (50% of the initial share price of $350.74). If any of the first eleven determination dates have a closing price at or above the initial share price, the securities are automatically redeemed early for principal plus accrued contingent coupons. If not redeemed, and the final share price is below the downside threshold, payment at maturity will be the stated principal multiplied by the share performance factor and could be less than 50% of principal or zero. Estimated value on the pricing date was $950.00 per security. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced a primary offering of structured, market-linked notes due June 10, 2030, with an aggregate principal amount of $500,000 and a stated principal amount of $1,000 per note. The notes pay no interest, provide a 100% participation rate in positive performance of the S&P 500® Futures Excess Return Index (initial level 593.95), and repay the stated principal at maturity if the final level is equal to or below the initial level.

The issue price is $1,000 per note (estimated value on the pricing date $950.90), with a dealer sales commission of $36.50 per note and proceeds to MSFL of $963.50 per note after commissions. All payments are unsecured and subject to Morgan Stanley's credit risk; the notes will not be listed on an exchange.

Morgan Stanley Finance LLC priced Principal at Risk Dual Directional Buffered Participation Securities linked to the S&P 500 Index. The securities have a $1,000 stated principal amount, were issued at $1,000 each and total $1,736,000. They mature on July 9, 2027 with an observation date of July 6, 2027. Payments at maturity vary by index performance: full upside participation is 100% but capped at $1,075 (107.50%); a 20% buffer protects limited declines, an absolute return feature pays up to +20%, and losses beyond the buffer reduce principal dollar-for-dollar to a minimum payment of 20% of principal. All payments are unsecured and subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC offers Structured Investments — Enhanced Buffered Jump Securities due June 8, 2029. The securities are principal‑at‑risk notes issued at an issue price of $1,000 per security with an aggregate principal amount of $713,000. At maturity the securities pay a fixed upside payment of $206.50 per security if the final level is at or above a buffer level equal to 75% of the initial level. If the final level is below the buffer level, holders incur a loss equal to the decline beyond the 25% buffer, subject to a minimum payment at maturity of 25% of principal. The observation date is June 5, 2029 (closing level), and all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced $826,000 aggregate principal of Structured Investments Enhanced Buffered Jump Securities due June 10, 2032, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an issue price of $1,000.

The securities provide a fixed upside payment of $552.50 (55.25%) if the final level of the S&P 500® Index on the observation date is at or above the buffer level (15% buffer). If the final level is below the buffer level, investors lose 1% for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 15% of principal. The initial level was 7,383.74, the buffer level is 6,276.179, and the estimated value on the pricing date was $967.90 per security.

Morgan Stanley Finance LLC priced a primary offering of structured, principal‑at‑risk notes fully and unconditionally guaranteed by Morgan Stanley under a pricing supplement tied to the worst performing of three indices. The offering totals $425,000 aggregate principal and each security has a $1,000 stated principal amount, an $82 upside payment (8.20%) and a 25% buffer with a 25% minimum payment at maturity. The securities pay no interest, carry credit risk of Morgan Stanley, and reference closing levels on the observation date of July 6, 2027 with maturity on July 9, 2027.

Morgan Stanley Finance LLC priced contingent-income, principal-at-risk securities linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the State Street SPDR S&P Regional Banking ETF. The notes have a $1,000 stated principal amount, an aggregate issuance of $1,761,000, an estimated value on the pricing date of $954.20 per security and mature on June 8, 2029. They pay a 9.00% annual contingent coupon on observation dates only if each underlier is at or above its coupon barrier (70% of initial). Notes automatically redeem early if all underliers meet 100% call thresholds on a redemption determination date. At maturity investors either receive principal if all underliers are at or above 60% of initial or a reduced principal equal to the worst-performing underlier’s performance factor; losses can be substantial or total. All payments are subject to Morgan Stanley credit risk.