MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS principal-at-risk securities linked to the worst performing of the Dow Jones Industrial, Russell 2000 and S&P 500. Each security has a stated principal amount of $1,000 and matures on June 30, 2031.

At maturity, payoffs depend solely on the worst performing underlier: (1) if every underlier finishes above its initial level, holders receive principal plus a leveraged upside; (2) if the worst underlier finishes below initial level but at or above a 60% downside threshold, holders receive principal plus a capped positive return based on a 50% absolute return participation rate; (3) if the worst underlier finishes below its 60% threshold, holders lose 1% of principal for each 1% decline in that underlier. The securities pay no interest, are unsecured obligations of MSFL, are fully guaranteed by Morgan Stanley, and are subject to credit risk, issuance costs (estimated value approximately $934.20 on pricing date) and limited secondary-market liquidity.

Morgan Stanley Finance LLC is offering market-linked notes due July 5, 2030, fully guaranteed by Morgan Stanley, linked to the worst performing of the Dow Jones Industrial Average and the S&P 500® Index. The stated principal amount is $1,000 per note. Payment at maturity depends solely on the worst performing underlier on the observation date: if that underlier’s final level exceeds its initial level, investors receive the stated principal plus an upside payment equal to the participation rate times the underlier percent change, subject to a maximum payment at maturity; if the final level of either underlier is equal to or below its initial level, investors receive only the stated principal amount. The participation rate is 100% and the maximum payment at maturity will be set on the pricing date (illustrative range: $1,458.50 to $1,508.50 per note). The notes pay no interest, are unsecured, not listed, and are subject to issuer credit risk, potential limited secondary-market liquidity, model-based estimated value (approximately $968.30 on the pricing date), and U.S. federal tax treatment as contingent payment debt instruments.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Trigger PLUS notes due July 5, 2029 that provide 150.55% leveraged upside to a five‑index international equity basket and have a trigger at 80% of the initial basket value.

Each Trigger PLUS has a $1,000 stated principal amount, pays no interest, and may return the principal, an amplified gain, or a loss tied to the basket value on the valuation date of June 29, 2029. If the final basket value is below the trigger level, investors lose principal proportionately (1% loss per 1% basket decline); there is no minimum payment and the securities are unsecured obligations subject to issuer credit risk. Proceeds are for general corporate purposes.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Trigger PLUS notes linked to the EURO STOXX 50® Index maturing on July 6, 2032. Each Trigger PLUS has a $1,000 stated principal, an issue price of $1,000, and an estimated value on the pricing date of $943.20. The notes provide leveraged upside equal to a 195.29% leverage factor on any index appreciation but expose holders to principal loss if the final index value is below a trigger level set at 75% of the initial index value. If the final index value is below the trigger level, holders incur a proportional loss (1% loss of principal per 1% index decline), potentially losing the entire investment. Payments are unsecured obligations of MSFL and are subject to Morgan Stanley's credit risk; the securities will not be listed and secondary market liquidity may be limited.

Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS notes due June 30, 2031, linked to the EURO STOXX 50® Index. The securities have a stated principal amount of $1,000 per security, do not pay interest and are fully guaranteed by Morgan Stanley. At maturity the payoff depends on the final index level versus the initial level and a 15% buffer: gains above the initial level receive a leveraged upside (leverage factor determined on the pricing date, indicated between 153% and 168%); declines that remain within the buffer deliver a capped positive absolute-return participation (capped effectively at 15%); declines beyond the buffer produce proportional principal loss, subject to a 15% minimum payment. The estimated value on the pricing date was approximately $932.60 per security. All payments are subject to Morgan Stanley’s credit risk; purchasers bear issuance, selling and hedging costs embedded in the issue price.

Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS securities due June 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000 and have a stated principal amount of $1,000 per security.

The securities provide leveraged upside if the worst performing underlier finishes above its initial level, absolute return participation (operative within the buffer range), and a 20% buffer with a 20% minimum payment at maturity. The leverage factor will be set on the pricing date between 138% and 153%. The document shows an estimated value on the pricing date of approximately $933.40 per security and highlights credit, liquidity and tax uncertainties.

Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS securities due June 28, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and pays at maturity based on the performance of the worst performing of the Nasdaq-100 Index® and the Russell 2000® Index.

Payments at maturity vary by outcome: investors can receive the stated principal plus a leveraged upside (leverage factor set between 121% and 136%), a capped positive absolute-return payment when declines remain above the 70% downside thresholds, or suffer principal loss 1:1 if either underlier is below its downside threshold on the observation date. The estimated value on the pricing date is approximately $941.00 per security.

Morgan Stanley Finance LLC is offering principal-at-risk auto-callable securities linked to the worst performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. Each security has a stated principal amount of $1,000, an estimated value on the pricing date of approximately $967.40, a pricing and strike date of June 30, 2026, original issue date of July 6, 2026 and a maturity date of January 4, 2028.

The notes pay a contingent coupon (annual rate set on the pricing date, disclosed range 11.75% to 12.75%) only if each underlier is at or above its coupon barrier (80% of initial level) on an observation date. The securities are automatically redeemed if each underlier meets its call threshold (100% of initial level) on a redemption determination date, and otherwise at maturity investors receive principal only if each underlier is at or above its downside threshold (70% of initial level); if any underlier is below that threshold, payment equals the stated principal multiplied by the worst performing underlier’s performance factor. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering contingent-income auto-callable notes due July 6, 2029 with a stated principal amount of $1,000 per security, fully and unconditionally guaranteed by Morgan Stanley. The notes pay a contingent coupon (annual rate set on the pricing date between 11.25% and 12.25%) only if each underlier closes at or above its coupon barrier on observation dates. The notes are linked to the worst performing of the Dow Jones Industrial Average, EURO STOXX 50® and Russell 2000®. Automatic early redemption may occur on specified dates if each underlier is at or above its 100% call threshold; otherwise, at maturity investors receive principal only if all underliers are at or above their 70% downside thresholds, otherwise the payment equals the stated principal times the performance factor of the worst performing underlier, potentially resulting in substantial principal loss.