MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers Digital Basket-Linked Notes (principal at risk) tied 50/50 to the Tokyo Stock Price Index (TPX) and the iShares MSCI South Korea ETF (EWY). Each note has a Face Amount of $1,000; estimated value on the Trade Date is approximately $976.10 per note. If the Final Basket Level on the Determination Date is ≥ 80.00% of the Initial Basket Level, holders receive a Threshold Settlement Amount (expected to be $1,156.90–$1,184.00 per $1,000). If the Final Basket Level is below 80.00%, the Cash Settlement Amount declines according to the Buffer Rate (125%), and investors may lose some or all principal. The notes do not pay interest, are unsecured obligations of MSFL, are fully guaranteed by Morgan Stanley, are not listed, and are subject to issuer credit risk, limited liquidity and model-based estimated values.

Morgan Stanley Finance LLC priced a contingent income, buffered auto-callable note due December 14, 2028 linked to the worst performing of the iShares Expanded Tech-Software ETF and the VanEck Gold Miners ETF. The securities have a $1,000 stated principal per note and a contingent coupon at an annual rate of 10.00%.

The notes pay the contingent coupon for an interest period only if both underliers are at or above their coupon barrier levels on the related observation date (coupon barrier = 65% of initial level). They may be automatically redeemed early if both underliers meet the call threshold (100% of initial). At maturity investors receive principal if both final levels are at or above the buffer level (75%); otherwise payment equals principal times (performance factor of the worst performing underlier + 25%), subject to a 25% minimum payment. Estimated value on the pricing date was approximately $951.10 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities due September 27, 2027, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and a preliminary estimated value of approximately $981.30 on the pricing date. The securities pay a 13.25% per annum contingent coupon only if both underliers meet coupon barrier levels on observation dates and may be automatically redeemed early if both underliers meet call thresholds on redemption determination dates. The payout at maturity depends on the worst performing underlier; if the final level of either underlier is below its downside threshold (set at 75% of initial level), investors suffer proportional principal loss and could lose their entire investment. All payments are subject to Morgan Stanley's credit risk and model-based estimated value assumptions.

Morgan Stanley Finance LLC filed an Amendment No. 1 dated June 5, 2026 to a preliminary pricing supplement for contingent income auto-callable securities due June 28, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000.

The notes pay a contingent coupon (annual rate to be set on the pricing date, indicated at 8.00% to 9.00%), are automatically redeemable on specified redemption determination dates if all underliers meet call thresholds, and return principal at maturity only if each underlier is at or above its downside threshold. If the worst performing underlier is below its downside threshold at maturity, investors suffer principal loss equal to the worst underlier's decline. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk buffered jump securities linked to a five‑index basket with a stated principal amount of $1,000 per security. The securities feature an automatic early redemption on a first determination date of July 7, 2027 for an early redemption payment of $1,120 per security and mature on July 6, 2029. If not called, investors receive at maturity either the principal plus an upside payment (participation rate 125%) when the final level exceeds the initial level, the stated principal if the final level is at or above the buffer level (90% of initial), or a reduced payment that losses 1% for each 1% decline beyond the buffer (subject to a minimum payment of 10% of principal). The pricing date and strike date are June 30, 2026, and the estimated value on the pricing date was approximately $960.20 per security. All payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; payments are subject to credit risk and tax treatment is uncertain.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) offers Capped Leveraged Basket-Linked Notes with a $1,000 Face Amount linked to a weighted basket of five international indices. The notes pay no interest and return at maturity depends on the Basket Return measured from an Initial Basket Level of 100 to a Final Basket Level on the Determination Date (expected 20–23 months after the Trade Date). If the Basket Return is positive you receive $1,000 plus 300% of the Basket Return subject to a Cap Level (expected between 108.86% and 110.42%) and a Maximum Settlement Amount (expected between $1,265.80 and $1,312.60 per $1,000 face amount). If the Basket Return is zero or negative you receive $1,000 plus the Basket Return, which may result in a loss of some or all principal. The estimated value on the Trade Date is approximately $990.30 per note (±$15). All payments are unsecured and subject to issuer credit risk; notes are not listed and have limited liquidity.

Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to Astera Labs, Inc. common stock due June 24, 2031. Each note has a stated principal amount of $1,000, a contingent coupon set at an annual rate of 43.00%, and automatic early‑redemption observation and payment dates beginning December 18, 2026.

If not called, repayment at maturity depends on the final closing level versus a downside threshold equal to 60% of the initial level; if the final level is below that threshold, investors suffer losses pro rata to the underlier’s decline and could lose their entire principal. The estimated value on the pricing date was approximately $923.60 per security.

The issuer, Morgan Stanley Finance LLC, is offering principal‑at‑risk, auto‑callable notes linked to the common stock of Advanced Micro Devices, Inc.. Each security has a $1,000 stated principal amount and an estimated value of approximately $948 on the pricing date. The notes can be automatically redeemed on the first determination date for an early redemption payment of $1,378.50 if the underlier meets the call threshold. At maturity the payoff depends on the final level versus the initial level: upside participation is 150%, depreciation can produce a capped positive return when the final level is at or above the downside threshold (50% of the initial level), and losses below that threshold result in pro rata principal loss that could be zero. All payments are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers Trigger PLUS principal-at-risk securities maturing June 12, 2031, fully and unconditionally guaranteed by Morgan Stanley. The securities pay no interest and have a 230% leverage factor to positive performance of the S&P 500® Futures Excess Return Index. At maturity investors receive principal plus leveraged upside if the final level exceeds the initial level; if the final level is between the initial level and the 70% downside threshold, investors receive principal; if the final level is below the downside threshold investors lose principal on a 1:1 basis. The issue price is $1,000 per security and the estimated value on the pricing date is approximately $978.40 per security. All payments are subject to the issuer’s and guarantor’s credit risk; there is no minimum payment and investors could lose their entire investment.