MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities linked to the S&P 500® Index with a 5-year term maturing on June 16, 2031. Each security has a $1,000 face amount, a 150% participation rate in positive index performance up to a predetermined maximum return (at least $597, or 59.70%), and a threshold equal to 80% of the starting level. The estimated value on the pricing date is approximately $949 (within $40). If the ending level on the calculation day is below the threshold, holders will be exposed 1:1 to declines and may lose more than 20%, possibly all, of their principal. The price to public is $1,000 per security and agents may receive up to $38.70 per security.

Morgan Stanley Finance LLC is offering market-linked, principal-at-risk securities that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 face amount and a hypothetical contingent fixed return of at least 13.00% (at least $130 per face amount), with maturity on June 24, 2027. The securities pay the contingent fixed return only if the ending price of the lowest performing underlying is greater than or equal to its threshold price (65% of its starting price); otherwise the holder is exposed to the full decline of the lowest performing underlying and may lose more than 35% or all of the face amount. The estimated value on the pricing date is approximately $970.60 per security, or within $25.00 of that estimate. The offering is subject to the issuer’s pricing, distribution arrangements and the risks described herein and in the referenced supplements and prospectus.

Morgan Stanley Finance LLC priced a market-linked, principal-at-risk note that pays a contingent fixed return if the lowest-performing stock among Apple, Amazon and Marvell stays at or above a 50% threshold. The securities have a $1,000 face amount, a preliminary estimated value of $967.30 per security and a hypothetical contingent fixed return of 43.10% (approximately $431 per $1,000), with a pricing date of June 11, 2026, original issue date of June 16, 2026 and maturity on June 24, 2027. Investors receive the face amount plus the contingent fixed return if the lowest-performing underlying stock is at or above its threshold price on the calculation day; if that lowest-performing stock is below its threshold (50% of its starting price) at the calculation day, the maturity payment is reduced pro rata and could result in a loss of more than 50% or a complete loss of principal.

Morgan Stanley Finance LLC is offering Principal-at-Risk structured notes—"Buffered Jump Securities with Auto-Callable Feature"—with a stated principal amount of $1,000 per security. The securities have a 6.00-year term maturing on July 6, 2029 and may be automatically redeemed on the first determination date for an early redemption payment of $1,120 if the underlier meets the call threshold. If not called, payoff at maturity depends on the underlier's final level: investors receive the principal plus an upside payment when the final level is above the initial level; receive principal if the final level is at or above the buffer level (90); or suffer pro rata losses below the buffer, subject to a minimum payment of 10% of principal. The participation rate for upside is 125%. All payments are unsecured obligations of MSFL and are guaranteed by Morgan Stanley and are subject to issuer credit risk. The pricing date and strike date are June 30, 2026, and the first determination date for the automatic call is July 7, 2027. The document discloses an estimated value of approximately $960.20 per security on the pricing date.

Morgan Stanley Finance LLC is offering Structured Investments Step-Up Jump Notes due June 9, 2033, with an aggregate principal amount of $1,053,000, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest, have an original issue price of $1,000 per note and an estimated value on the pricing date of $897.90.

The notes are automatically callable beginning with the first determination date on June 4, 2027 if the Morgan Stanley Amplitude index meets specified call thresholds; early redemption payments correspond to a return of approximately 15.15% per annum (for example, $1,151.50 on the first call). If not called, a payment at maturity may equal a fixed positive amount only if the final level meets the then-applicable call threshold; otherwise investors receive only principal. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC prices Trigger PLUS principal-at-risk securities fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and a 530% leverage factor on the upside. The securities reference three ETFs (XLE, XLK, SMH), pay at maturity on the worst performing underlier, have a 60% downside threshold, an observation date of June 10, 2031, and mature on June 13, 2031. The estimated value on the pricing date is approximately $953.10 per security. Investors receive the stated principal plus a leveraged upside payment if the worst performing underlier finishes higher; receive principal only if the worst performing underlier finishes between its initial level and the 60% threshold; and suffer a proportional loss if the worst performing underlier finishes below that threshold, with no minimum payment.

Morgan Stanley Finance LLC is offering Digital Basket-Linked Notes due (term set on the Trade Date) that are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley.

Each note has a Face Amount of $1,000. The payment at maturity depends on the performance of a weighted basket of five equity indices (EURO STOXX 50 40.00%, TOPIX 25.00%, FTSE 100 17.00%, SMI 11.00%, S&P/ASX 200 7.00%) measured from an Initial Basket Level of 100 to a Final Basket Level on the Determination Date (expected 27–30 months after the Trade Date). If the Final Basket Level is at or above 100, holders receive the greater of the Threshold Settlement Amount (expected to be between $1,259.10 and $1,304.00) or principal plus the basket return. If the Final Basket Level is below 100, holders receive principal reduced by the full percentage decline, and may lose some or all principal. The Original Issue Price is $1,000 and Morgan Stanley estimates an estimated value on the Trade Date of approximately $973.30 per note. All payments are subject to issuer credit risk; the notes do not pay interest, are not listed, and are not FDIC insured.

Morgan Stanley Finance LLC is offering $1,050,000 aggregate principal of Principal at Risk securities linked to the S&P 500® Index, with a $1,000 stated principal per security. The securities mature on July 9, 2027 and are fully guaranteed by Morgan Stanley.

At maturity, if the index's final level on the observation date (July 6, 2027) is at or above the downside threshold (85% of the initial level), holders receive principal plus a fixed upside payment of $100.60 (10.06%). If the final level is below the downside threshold, payoff equals principal multiplied by final/initial level, exposing investors to proportional losses, potentially to zero. The securities pay no interest; estimated value on pricing date was $985.70.

Morgan Stanley Finance LLC offers $700,000 aggregate of Structured Investments—Enhanced Trigger Jump Securities due July 9, 2027 (stated principal $1,000 per security) fully and unconditionally guaranteed by Morgan Stanley. The securities pay no interest and return either the stated principal plus a fixed $80.60 upside payment if the S&P 500® Index final level is at or above the downside threshold, or an amount equal to the stated principal multiplied by the performance factor (final level/initial level) if the final level is below the downside threshold; in that downside case investors bear full downside risk and could lose their entire investment. The initial level is 7,553.68, the downside threshold is 5,665.26 (75% of the initial level), the estimated value on the pricing date was $985.70, and the agent’s commission was $10.42 per security. Purchasers should note credit risk on Morgan Stanley, limited upside (fixed 8.06% upside payment), potential tax uncertainty, and limited secondary market liquidity.