MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities linked to Apple Inc. common stock. Each security has a stated principal amount of $1,000, an estimated value on the pricing date of approximately $985.40, a contingent coupon at an annual rate of 8.50%, and potential automatic early redemption on specified redemption determination dates. Coupons are paid only if the closing level of the underlier meets or exceeds the coupon barrier (70% of the initial level) on observation dates; at maturity investors either receive principal if the final level is at or above the downside threshold (70% of initial level) or suffer proportional principal loss if below. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced a structured note called Trigger PLUS due July 5, 2030, guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and pays no interest. Payout depends on the worst performing of the Dow Jones Industrial Average and the S&P 500® Index on the observation date of July 1, 2030. If the worst performing underlier finishes above its initial level, investors receive principal plus a 131% leverage of that underlier's appreciation. If the worst performing underlier finishes between its initial level and a 70% downside threshold, investors receive principal only. If it finishes below the 70% threshold, investors suffer a loss equal to the percentage decline of that worst performing underlier, and the payment could be significantly less than principal or zero. All payments are subject to Morgan Stanley's credit risk; the estimated value on the pricing date was approximately $966.90 per security.

Morgan Stanley Finance LLC priced a principal-at-risk structured note, a Trigger PLUS linked to NVIDIA Corporation common stock, with a stated principal amount of $1,000 per security and an aggregate offering of $250,000. The securities pay no interest, are fully guaranteed by Morgan Stanley and mature on June 1, 2029. Payment at maturity depends on the final level of NVIDIA relative to the initial level of $212.60 on May 27, 2026. The notes offer a 200% leverage factor on upside subject to a maximum payment of $2,093 per security and provide limited downside protection only to the 70% threshold ($148.82); below that threshold investors lose 1% of principal for each 1% decline in the underlier. The estimated value on the pricing date was $935.60 per security and the issue price is $1,000 per security.

Morgan Stanley Finance LLC offers auto-callable, principal-at-risk market linked securities due June 22, 2029 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a face amount of $1,000 and an estimated value on the pricing date of $934.80 (within $34.80). The securities pay a fixed call payment of at least $1,345 if automatically called on the call date (June 22, 2027), otherwise the maturity payment depends on the performance of the lowest performing underlying stock and a 300% participation rate for positive returns. The securities are linked to the lowest performing of Broadcom Inc., Alphabet Inc. (Class A) and Netflix, Inc., do not pay interest or dividends, and can result in losses greater than 50%, including total loss of principal, depending on underlying performance. Pricing and many operative terms (starting prices, call prices, threshold prices) will be set on the pricing date (June 16, 2026).

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due October 5, 2027, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and may pay a contingent coupon at an annual rate of 12.50% on observation dates only if both underliers meet coupon barrier levels. Automatic early redemption may occur on specified redemption determination dates if both underliers meet call thresholds; otherwise, at maturity investors receive principal only if both underliers are at or above downside thresholds. If the worst-performing underlier is below its downside threshold at maturity, payment is the stated principal multiplied by that underlier’s performance factor, and could be substantially less than, or equal to zero.

Morgan Stanley Finance LLC priced a structured note offering: Dual Directional Buffered PLUS tied to the worst performing of the Russell 2000® and S&P 500® indices. The securities have a $1,000 stated principal amount and an issue price of $1,000 per security, with aggregate principal of $1,394,000 and an estimated value on the pricing date of $969.80 per security. The term runs from original issue date June 1, 2026 to maturity December 2, 2027, observation date November 29, 2027. Features include a 110.04% leverage factor on upside, a 10% buffer (90% buffer level), 100% absolute return participation, and a minimum payment at maturity of 10% of principal. Payments depend on the worst performing underlier and are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers Dual Directional Buffered PLUS notes due July 5, 2030 (stated principal amount $1,000 per security), fully and unconditionally guaranteed by Morgan Stanley.

The securities give leveraged upside exposure to the S&P 500® Index (leverage factor 200%) subject to a maximum upside payment of $1,370 per security (137% of principal), a 10% buffer (buffer level = 90% of the initial level), and a minimum payment at maturity of 10% of principal. The securities make no interest payments, are principal-at-risk instruments and include an absolute return participation feature that limits certain positive returns to 10%. The issuer estimates the value on the pricing date was approximately $945.60 per security.

Morgan Stanley Finance LLC is offering principal-at-risk structured notes due July 6, 2029, fully guaranteed by Morgan Stanley. Each security has a stated principal of $1,000 and an issue price of $1,000. The securities are linked to the worst performing of the Russell 2000® Index and the S&P 500® Index and carry no interest.

The notes feature automatic early redemption if both underliers close at or above their call thresholds on the first determination date (July 1, 2027), producing an early redemption payment of $1,162.50 on the early redemption date (July 7, 2027). If not redeemed, maturity payoffs depend on the worst performing underlier: full principal plus an upside payment (participation 150%) if both final levels exceed initial levels; full principal if each final level is at or above a downside threshold of 75% of its initial level; or a loss equal to the percentage decline of the worst performing underlier (1% loss per 1% decline), possibly resulting in total loss of principal. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Buffered PLUS with Downside Factor notes linked to the iShares U.S. Real Estate ETF. The securities have a stated principal amount of $1,000 per security, aggregate principal amount of $5,549,000, an original issue date of June 1, 2026, and mature on December 2, 2027. The notes provide 200% leveraged upside on positive performance up to a maximum payment of $1,263 per security, a 10% buffer (buffer level $92.511, initial level $102.79) for limited declines, and a downside factor of 1.1111 that increases losses beyond the buffer; investors may lose their entire principal. All payments are subject to MSFL credit risk and the securities pay no interest.