MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering $2,000,000 aggregate principal of Structured Investments Enhanced Buffered Jump Securities linked to the S&P 500® Index, with a stated principal amount of $1,000 per security.

Each security matures on July 2, 2027 and pays no interest. If the final index level on the June 29, 2027 observation date is at or above a buffer level (90% of the initial level), investors receive the stated principal plus a fixed $90.50 upside payment (9.05%). If the final level is below the buffer, investors incur losses of 1.1111% of principal for each 1% decline beyond the 10% buffer and could lose their entire investment. Estimated value on pricing date was $985.40 per security; the issue price is $1,000.

Morgan Stanley Finance LLC is offering callable, principal-at-risk notes due June 8, 2028, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a contingent coupon at an annual rate of 14.25% payable only if each of the three sector ETF underliers meets its coupon barrier on an observation date. The securities are linked to the worst performing of XLI, XLB and XLK, have a first redemption date of September 10, 2026, and pay principal at maturity only if each underlier is at or above its 70% downside threshold; otherwise the payment at maturity scales down with the worst performing underlier. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering principal at risk structured notes with a $1,000 stated principal amount and a fixed upside payment of $133 (13.30%) payable at maturity if the final level meets or exceeds the buffer threshold. The notes reference the S&P 500® Futures Excess Return Index, have a strike/pricing date of June 22, 2026, an observation date of June 22, 2028 and mature on June 27, 2028.

The securities include a 25% buffer (buffer amount) and a minimum payment at maturity of 25% of principal; if the final level is below the buffer level, investors lose 1% for each 1% decline beyond the buffer. The estimated value on the pricing date is approximately $981.20 per security. All payments are subject to Morgan Stanley’s credit risk. The offering is for fee-based advisory accounts and includes conflicts of interest and tax-treatment uncertainties.

Morgan Stanley Finance LLC is offering Principal at Risk contingent income auto-callable securities linked to the common stock of General Mills, Inc. The offering totals $958,000 in aggregate principal, at $1,000 per security, with maturity on July 7, 2027. Each security pays a contingent coupon of 14.00% per annum on an observation date only if the closing level of the underlier meets or exceeds the coupon barrier level. The securities are automatically redeemed early if the closing level meets or exceeds the call threshold on a redemption determination date, returning principal plus the contingent coupon for that period. If not called and the final level is below the downside threshold (70% of the initial level), investors suffer a pro rata loss equal to the underlier’s decline, which could result in a payment at maturity that is significantly less than principal or zero. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk. The estimated value on the pricing date was $974.30 per security.

Morgan Stanley Finance LLC offers a series of principal‑at‑risk, contingent income buffered auto‑callable securities due July 1, 2031 fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, an annual contingent coupon of 10.00%, a 20% buffer (buffer level = 80 of initial level) and a 20% minimum payment at maturity. The securities are callable beginning with the first redemption determination date on June 28, 2027 and will be automatically redeemed if the underlier’s closing level meets or exceeds the call threshold (80) on a redemption determination date. The strike/pricing date is June 26, 2026 (original issue date June 30, 2026); the issuer’s estimated value on the pricing date is approximately $903.40 per security. All payments are subject to the credit risk of MSFL and the Morgan Stanley guarantee.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices. Each security has a stated principal amount of $1,000, an upside payment of $93 (9.30%) and a maturity date of August 5, 2027. If any underlier finishes below its 60% downside threshold, payment at maturity is tied to the worst performing underlier and could be significantly less than principal, potentially zero. The estimated value on the pricing date was approximately $987.70. All payments are subject to the credit risk of MSFL and its guarantor, Morgan Stanley.

Morgan Stanley Finance LLC offers Principal at Risk structured notes linked to the common stock of ServiceNow, Inc. The notes have a $1,000 stated principal amount per security, an estimated value on the pricing date of approximately $931.90 and an original issue date of June 24, 2026. The securities feature automatic early redemption on scheduled determination dates beginning June 22, 2027, fixed early redemption payments listed per determination date, and a maturity payment on June 24, 2031 that can pay a fixed positive amount, return principal, or deliver an amount that declines 1% for each 1% the underlier falls below the downside threshold (50% of the initial level). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC offers Principal at Risk structured notes due June 17, 2031 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000 per security; the estimated value on the pricing date is approximately $929.20 per security.

The securities are linked to the worst performing of the SPDR S&P Metals & Mining ETF (XME) and the VanEck Gold Miners ETF (GDX). They include a 15% buffer level, a call threshold equal to 100% of initial levels, automatic early redemption opportunities beginning with the first determination date on June 15, 2027, and scheduled early redemption payments that rise over time (for example, $1,150.00 at the first early redemption and up to $1,737.50 on the penultimate date). If not called and both underliers meet call thresholds at maturity, the payment is $1,750.00; if the worst performing underlier falls below its buffer, investors incur proportional principal loss beyond the buffer, subject to a minimum payment of 15% of principal. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley priced a preliminary offering of fixed rate notes due August 9, 2027 with a stated principal of $1,000 per note and an annual interest rate of 4.32%. The original issue date is June 8, 2026. Payments are subject to the credit risk of Morgan Stanley, the notes will not be listed on any exchange, and the estimated value on the pricing date is approximately $997.60 per note (within $47.60 of that estimate). Proceeds are used for general corporate purposes. Certain distribution and commission amounts are stated as blank in this preliminary supplement and will be set forth in the final pricing supplement.