MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced contingent income auto-callable notes linked to the worst performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount, an aggregate issuance of $2,633,000, an original issue date of June 3, 2026 and mature on September 2, 2027. The securities pay a contingent coupon at an annual rate of 12.00% only if both underliers meet coupon barrier levels on observation dates, feature automatic early redemption if both underliers meet 100% call thresholds on specified redemption determination dates, and expose investors to full principal loss if the worst performing underlier falls below its 75% downside threshold at maturity. All payments are subject to Morgan Stanley’s credit risk and the estimated value on pricing date was $978.90 per security.

Morgan Stanley Finance LLC priced Buffered Participation Securities linked to the VanEck® Semiconductor ETF. The securities are principal-at-risk notes, $1,000 stated principal each, aggregate $718,000, with an observation date of June 29, 2027 and maturity on July 2, 2027.

Payments at maturity: 100% participation in positive performance subject to a maximum payment of $1,316 per security (131.60%); a 20% buffer protects against initial losses up to 20% (buffer level $479.144 based on an initial level of $598.93); if final level is below the buffer, investors lose 1% for each 1% decline beyond the buffer, subject to a minimum payment of 20% of stated principal. Securities are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; estimated value on the pricing date was $982.70 per security. Sales are directed to certain fee-based advisory accounts via MS & Co.

The pricing supplement describes a principal-at-risk structured note issued by Morgan Stanley Finance LLC and unconditionally guaranteed by Morgan Stanley. The notes have a stated principal of $1,000 per security, a 5-year term maturing on June 3, 2031, and an early call feature beginning June 4, 2027. Redemption payments are fixed for each observation date and are intended to approximate a return of 18.25% per annum if called. If not called, final payoff depends on the closing level of the S&P 500 Futures Excess Return Index: investors receive principal plus an upside payment if the final level is above the initial level, principal only if the final level is between the initial level and the downside threshold (70% of the initial level), and suffer a proportional loss below that threshold. All payments are subject to issuer credit risk and tax uncertainties; the estimated value on the pricing date is $972.00 per security.

Morgan Stanley Finance LLC is offering callable structured notes maturing on June 30, 2031 linked to the S&P 500® Futures Excess Return Index. Each note has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $934.60. The notes do not pay interest and include a call feature beginning on July 1, 2027 that permits early redemption if a risk neutral valuation model indicates redemption is economically rational for the issuer. If not redeemed, maturity payoff equals stated principal plus an upside payment equal to stated principal × 140% participation × underlier percent change when the final level exceeds the initial level; otherwise holders receive only the stated principal. All payments are unsecured and subject to Morgan Stanley’s credit risk. The notes will not be listed on any exchange.

Morgan Stanley Finance LLC priced Buffered Jump Securities (principal-at-risk notes) linked to the S&P 500® Index with an original issue price of $1,000 per security and aggregate principal of $2,000,000. The notes may be automatically redeemed on the first determination date (March 30, 2027) if the underlier is at or above the call threshold (7,580.06), paying $1,085 per security. If not called, maturity is June 3, 2030 with payoff rules: full principal plus an upside payment if the final level is above the initial level; full principal if final level is at or above the buffer level (80% of initial); and a loss equal to 1.25% per 1% decline beyond the 20% buffer if the final level is below the buffer. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities due July 2, 2027 — fully guaranteed by Morgan Stanley. The securities pay no interest and return depends on the worst performing of the Dow Jones Industrial, the Nasdaq-100® Technology Sector and the Russell 2000® Index.

Each security has a stated principal amount of $1,000, an upside payment of $108.50 (10.85%) if the worst performing underlier finishes at or above its 80% buffer level, and a buffer amount of 20%. If the worst performing underlier finishes below its buffer level, investors lose 1% for each 1% decline beyond the buffer, subject to a minimum payment at maturity of 20% of principal. All payments are subject to the issuer’s and guarantor’s credit risk. Observation date is June 29, 2027, subject to postponement for non-trading days and market disruption events.

The pricing supplement describes a structured note, the Trigger PLUS, issued by Morgan Stanley Finance LLC and unconditionally guaranteed by Morgan Stanley. The offering totals $196,000 aggregate principal at $1,000 per security, with an original issue date of June 3, 2026 and maturity on June 3, 2030. Payment at maturity is linked to the worst performing of three underliers (Nasdaq-100® Technology Sector, Russell 2000®, S&P 500®). If the worst performing underlier finishes above its initial level, investors receive principal plus a 170% leverage on that appreciation; if each underlier finishes between initial level and the 70% downside threshold, investors receive principal; if the worst underlier finishes below its 70% threshold, investors lose 1% of principal for each 1% decline (principal could be fully lost). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced contingent income, principal-at-risk notes due June 1, 2029 linked to the worst performing of Eli Lilly, IBM and Palantir stock. The securities pay a contingent coupon at an annual rate of 18.10% on observation dates only if each underlier is at or above its coupon barrier level, feature automatic early redemption if all underliers meet call thresholds on a redemption determination date, and return principal at maturity only if each underlier is at or above its 50% downside thresholds; otherwise payment at maturity equals $1,000 multiplied by the performance factor of the worst performing underlier, potentially resulting in significant principal loss.

The issue price is $1,000 per security, estimated value at pricing was $930.00, aggregate principal offered was $507,000, and agent commissions were $30 per security. Observation and redemption dates are listed and the final observation date is May 29, 2029 (subject to postponement for non-trading days and certain market disruption events).

Morgan Stanley Finance LLC is offering Buffered Participation Securities due July 5, 2029, fully guaranteed by Morgan Stanley and issued at a stated principal amount of $1,000 per security. The securities reference a four-stock basket (META, AMZN, GOOGL, NVDA) and include a 10% buffer against declines up to the buffer level and a 100% participation rate in appreciation subject to a $1,650 maximum payment at maturity. The estimated value on the pricing date was $944.80 per security, and the agent received a fixed sales commission of $38.50 per security. All payments are subject to MSFL credit risk and the securities do not pay interest; if the final level is below the buffer level, principal is lost on a 1:1 basis beyond the buffer, and the minimum payment at maturity is 10% of principal.