MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced structured, partial principal-at-risk notes linked to the iShares® Silver Trust (SLV). The notes have a $1,000 stated principal amount, aggregate issuance of $4,185,000, an estimated value on the pricing date of $982.10, and mature on July 29, 2027.

At maturity the payment is based on the arithmetic average of the underlier on five final averaging dates. The notes feature a 90% partial principal return, 100% participation in upside subject to a $1,342.30 maximum payment, and full exposure to Morgan Stanley credit risk. The notes pay no interest and may return less than principal if SLV falls.

Morgan Stanley Finance LLC is offering Dual Directional Trigger Jump Securities due June 3, 2031, fully guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security. The securities reference the EURO STOXX 50® Index with an initial level of 6,050.54 and an observation date of May 29, 2031. Payments at maturity vary by final level: investors may receive the stated principal plus either an index-linked cash amount or a fixed $592.50 upside payment, an absolute-return feature capped at 15% when the index declines but stays above the downside threshold, or a proportional loss if the index falls below the downside threshold of 5,142.959 (85% of initial level). The aggregate principal offered is $1,039,000, the estimated value on the pricing date was $956.70 per security, and the securities do not pay interest and may result in loss of principal. All payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced market-linked notes tied to the S&P 500® Index with a three-year term. Each note has a $1,000 stated principal and an issue price of $1,000, an estimated value on the pricing date of $971.70, and an observation date of May 29, 2029.

At maturity on June 1, 2029, holders receive the stated principal plus an upside payment equal to the 100% participation rate times the underlier percent change, capped at a $1,200 maximum payment per note. If the final level is equal to or below the initial level (7,580.06), holders receive only the stated principal. Payments are unsecured and fully guaranteed by Morgan Stanley and are subject to the issuer’s credit risk.

Morgan Stanley Finance LLC priced market-linked notes tied to the S&P 500® Futures Excess Return Index. The offering comprises notes with a $1,000 stated principal amount per note, aggregate principal of $805,000, an observation date of May 29, 2031 and maturity of June 3, 2031. At maturity, if the final level exceeds the initial level of 609.62, investors receive the stated principal plus an upside payment equal to the appreciation times a 130.50% participation rate; if the final level is equal to or below the initial level, investors receive only the stated principal. The notes pay no interest, are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley. The estimated value on the pricing date was $958.40 per note, and the notes will not be listed on any exchange.

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk securities due June 3, 2030 linked to the worst performing of the Russell 2000® and the S&P 500®. Each security has a $1,000 stated principal amount and an issue price of $1,000. The securities pay no interest and expose investors to full principal loss if the worst performing underlier falls below its downside threshold (75% of the initial level). If both underliers finish above their initial levels, investors receive principal plus a leveraged upside equal to 147% of the worst performing underlier's appreciation. The aggregate principal amount offered is $122,000. Estimated value on the pricing date was $973.70 per security and the agent's commission per security is $7.50.

Morgan Stanley Finance LLC priced a contingent income auto-callable note program guaranteed by Morgan Stanley. The pricing supplement offers securities with a stated principal amount of $1,000 per security, an aggregate principal amount of $7,593,000, an annual contingent coupon of 7.10% and an estimated value on the pricing date of $978.70. The securities reference the worst-performing of the Dow Jones Industrial Average (51,032.46 initial level), the Russell 2000® (2,919.338) and the S&P 500® (7,580.06), have a strike/pricing date of May 29, 2026, a final observation date of November 29, 2027 and maturity on December 2, 2027. Payments depend on observation and redemption tests: coupons are paid only if all underliers meet coupon barriers (60% of initial levels); automatic early redemption occurs if all underliers meet call thresholds (100% of initial levels) on a redemption determination date. If at maturity the worst performing underlier is below its 60% downside threshold, principal is reduced pro rata and could be zero. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal at risk, auto-callable notes due June 3, 2031 linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. The securities have a $1,000 stated principal amount and were issued at $1,000 with an estimated value of $932.30 on the pricing date. Automatic early redemption can occur on scheduled determination dates beginning June 4, 2027 if the underlier closes at or above the call threshold of 3,424.437 (90% of the initial level). The initial level is 3,804.93, and the downside threshold is 2,282.958 (60% of the initial level). If not called, maturity payoffs are: $2,000.00 if final level ≥ call threshold; return of principal if final level ≥ downside threshold; otherwise loss proportional to the index decline (payment could be zero). All payments are unsecured and subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced Principal at Risk notes linked to the worst performing of the Russell 2000® and S&P 500®. The offering is for $1,000 per security with an aggregate principal amount of $940,000. The notes have an original issue date of June 3, 2026, an observation date of August 30, 2027 and mature on September 2, 2027. If, at the observation date, the final level of each underlier is at or above its downside threshold (75% of its initial level), holders receive the stated principal plus a fixed upside payment of $135 (13.50%). If the final level of either underlier is below its downside threshold, the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to full downside (no minimum payment). All payments are subject to issuer and guarantor credit risk and the estimated value on the pricing date was $992.00 per security.

Morgan Stanley Finance LLC priced a $155,000 aggregate offering of Dual Directional Buffered PLUS notes due June 3, 2031. Each note has a stated principal amount of $1,000 and is fully and unconditionally guaranteed by Morgan Stanley. The notes provide a 191% leverage on the appreciation of the worst performing of the EURO STOXX 50® and the S&P 500® and a buffered downside mechanism that protects the first 20% of a decline in the worst performing underlier.

The securities pay no interest, have an estimated value on the pricing date of $958.40 per security, and carry a minimum payment at maturity equal to 20% of principal. Payment depends only on closing levels on the observation date and is subject to issuer credit risk, model assumptions used in valuation, and caps on absolute-return participation.