MORGAN STANLEY SEC Filings

The Dual Directional Trigger PLUS are principal-at-risk notes issued by Morgan Stanley Finance LLC and guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and pays at maturity based on the worst performing of the Nasdaq-100® Technology Sector (NDXT) and the Russell 2000® (RTY). If both underliers finish above their initial levels, investors receive principal plus a leveraged upside; if the worst performing underlier finishes between its initial level and a 70% downside threshold, investors may receive a capped positive return tied to the absolute return participation rate of 50%; if the worst performing underlier finishes below the downside threshold, investors incur full downside (1% loss for each 1% decline). The leverage factor will be set between 140% and 155% on the pricing date. All payments are subject to issuer and guarantor credit risk. The observation date is July 1, 2030 and the stated maturity date is July 5, 2030.

Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to the common stock of Axon Enterprise, Inc. The securities are principal-at-risk notes with a $1,000 stated principal per security and an aggregate offering of $440,000; issue price is $1,000 and estimated value on the pricing date was $953.80.

The notes pay a contingent coupon at an annual rate of 21.90% on scheduled coupon dates only if the underlier’s closing level on each observation date is at or above the coupon barrier ($219.66, 50% of the initial level). The initial/strike level is $439.32. The securities auto-redeem if the closing level is at or above the call threshold ($439.32) on any redemption determination date beginning August 28, 2026. Maturity is June 1, 2029.

At maturity, if not auto-redeemed, investors receive principal only if the final level is at or above the downside threshold ($219.66); if below, payment equals principal × (final level / initial level), producing proportional principal loss (possibly zero). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk notes due July 3, 2031 linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $943.10.

The notes pay a contingent coupon (annual rate determined on the pricing date, indicated at 12.50%–13.50%) only if the underlier meets the coupon barrier on observation dates, feature automatic early redemption if the index equals or exceeds the call threshold, and provide a 15% buffer with a minimum payment at maturity equal to 15% of principal. If the final index level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer; all payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced Contingent Income Memory Auto-Callable Securities linked to the common stock of UnitedHealth Group Incorporated. The securities were issued at $1,000 per security (aggregate $2,521,000) with an original issue date of June 2, 2026 and a maturity date of July 1, 2027. The securities pay a contingent coupon at an annual rate of 10.50% on coupon payment dates only if the closing level of the underlier meets or exceeds the coupon barrier level of $267.771 (70% of the initial level). The initial and call threshold level is $382.53 and automatic early redemption can occur on specified redemption determination dates if the closing level is greater than or equal to that call threshold. If not called and the final level is below the downside threshold of $267.771, holders suffer principal loss equal to the underlier’s percentage decline (payment at maturity = stated principal × performance factor). The estimated value on the pricing date was $969.20 per security and agent commissions were $15 per security, leaving proceeds to issuer of $985 per security.

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due June 28, 2029 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $950.10.

The notes pay a contingent coupon (annual rate to be set on the pricing date, indicated at 9.00% to 10.00% range) only if, on each observation date, the closing level of each underlier is at or above its coupon barrier (each coupon barrier is 80% of initial level). The securities permit automatic early redemption on specified redemption determination dates if every underlier is at or above its call threshold (100% of initial). At maturity, if any underlier is below its downside threshold (70% of initial level), payment equals $1,000 multiplied by the performance factor of the worst performing underlier, and principal may be substantially reduced or zero. The notes are linked to the worst performing of the EURO STOXX 50®, Russell 2000® and S&P 500® indices and carry issuer credit risk.

Morgan Stanley Finance LLC priced principal-at-risk, auto-callable securities tied to DexCom, Inc. The offering totals $495,000 aggregate principal at an issue price of $1,000 per security with an estimated value on the pricing date of $967.80 per security. The securities pay a contingent coupon of 15.50% per annum on each coupon payment date only if the closing level of DexCom is at or above the coupon barrier ($43.404, 60% of the initial level) on the related observation date. The securities are automatically redeemed early if the closing level on any redemption determination date is at or above the call threshold ($72.34, 100% of the initial level); otherwise at maturity investors receive principal only if the final level is at or above the downside threshold ($43.404). If the final level is below the downside threshold, payment at maturity equals the stated principal multiplied by the performance factor (final level / initial level), exposing investors to loss of principal down to zero. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; purchasers bear issuer credit risk and issuance, structuring and hedging costs included in the issue price.

Morgan Stanley Finance LLC priced contingent income auto-callable notes offering securities with a stated principal amount of $1,000 per security that are fully and unconditionally guaranteed by Morgan Stanley. The notes pay a contingent coupon and are linked to the worst performing of the Dow Jones Industrial, Nasdaq-100® Technology Sector and the Russell 2000®.

The notes can be automatically redeemed on specified redemption dates if each underlier is at or above its call threshold; otherwise they continue to maturity on July 6, 2028. If not auto-redeemed, maturity payoff returns principal only if each final level is at or above its downside threshold; if the worst performing underlier is below that threshold, investors suffer proportional 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 market-linked notes due June 28, 2029, fully and unconditionally guaranteed by Morgan Stanley. The notes have a stated principal amount of $1,000 per note, pay no interest and return principal at maturity subject to the issuers credit risk.

If the Morgan Stanley Amplitude final level on the observation date exceeds the initial level, investors receive the stated principal plus an upside payment equal to the stated principal times a participation rate (to be set on the pricing date, indicated at 450% to 460%) multiplied by the index percent change. If the final level is equal to or less than the initial level, the holder receives only the stated principal.

Morgan Stanley Finance LLC is offering market-linked notes due July 3, 2031, fully guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000, pays no interest and at maturity will return principal plus an upside payment only if the underlying S&P 500® Futures Excess Return Index closes above the initial level.

The upside payment equals the stated principal amount × participation rate × underlier percent change; the participation rate will be set on the pricing date in the range 141.50% to 146.50%. Strike/pricing date is June 30, 2026, observation date is June 30, 2031 (subject to postponement), and the estimated value on the pricing date is approximately $962.90 per note. The notes are unsecured, not listed, carry issuer credit risk, and include fees and structuring costs reflected in the $1,000 issue price.