MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Trigger Jump Securities due July 1, 2027 linked to the iShares Silver Trust (SLV). Each security has a $1,000 stated principal amount and was issued at $1,000 with an estimated value of $975.90 on the pricing date. At maturity holders receive the stated principal plus a fixed $212.50 upside payment if the final level is at or above the downside threshold of $47.25 (70% of the initial level, initial level $67.50); if the final level is below that threshold, payment equals principal × (final level/initial level) and could be significantly less or zero. The offering aggregates $851,000 principal; agent commissions are $18.75 per security and proceeds to the issuer are $981.25 per security net of commissions.

Morgan Stanley Finance LLC offers Leveraged Buffered S&P 500® Index-Linked Notes (PLUS) due in roughly 14–16 months, fully and unconditionally guaranteed by Morgan Stanley. For each $1,000 Face Amount, the notes pay at maturity a cash amount tied to the S&P 500® Index performance with a 130% Upside Participation Rate, a 10.00% buffer (protecting declines up to 10.00%), and a capped payoff at a Maximum Settlement Amount expected between $1,153.27 and $1,180.31 per $1,000. If the final index level falls more than 10.00% from the initial level, holders suffer proportional losses and could lose their entire investment. The notes pay no interest, are unsecured, carry issuer credit risk, will not be listed, and have an estimated Trade Date value of approximately $995.90 per note. Key economic terms including the Initial Underlier Level, Cap Level and exact Maximum Settlement Amount will be set on the Trade Date.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering $7,610,000 in leveraged buffered S&P 500® index-linked notes due November 15, 2027. Each note has a $1,000 face amount and links payoff to the S&P 500® return measured from May 27, 2026 to the determination date.

The notes provide 150% upside participation capped at a $1,165.00 maximum settlement per $1,000 face amount and a 10.00% downside buffer (90.00% Buffer Level). If the final index decline exceeds 10.00%, investors bear proportional losses; estimated trade-date value was $978.50 per note. Payments are unsecured and subject to issuer credit risk; proceeds are for general corporate purposes.

Morgan Stanley Finance LLC is offering $8,824,780 of Trigger Autocallable Notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by Morgan Stanley. The Notes have an Issue Price of $10.00 per Security and an estimated Trade Date value of $9.650 per Security. They mature on May 30, 2031 unless automatically called on quarterly Observation Dates beginning June 3, 2027. The Notes pay a fixed 9.50% per‑annum Call Return Rate (varying Call Returns apply by Observation Date) if an Observation Date Closing Level is at or above the Initial Level; otherwise principal repayment at maturity is contingent on the Final Level relative to a Downside Threshold of 2,202.428 (approximately 75% of the Initial Level). Investors may lose a significant portion or all principal; all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering auto-callable variable-income notes tied to the worst-performing stock among NVIDIA, Meta Platforms (Class A), Oracle, and Alphabet (Class C). The notes have a $1,000 stated principal per note, aggregate principal of $11,435,000, and mature on May 30, 2031. Coupons are variable: a higher coupon of 9.00% or a lower coupon of 0.25% paid per interest period depending on observation-date thresholds. Automatic early redemption is possible beginning with the May 27, 2027 redemption determination date if all underliers meet their call thresholds; otherwise the notes continue to maturity. The estimated value on the pricing date was $942.50 per note, reflecting issuance, structuring and hedging costs and a $39.50 sales commission per note. All payments depend on the issuer’s credit and the notes are not exchange-listed.

Morgan Stanley Finance LLC priced principal-at-risk auto-callable securities linked to the worst-performing of Citigroup (C) and JPMorgan Chase (JPM) with a stated principal of $1,000 per security. The notes pay no interest, can auto‑redeem starting on May 28, 2027 if each underlier meets its call threshold, and mature on June 1, 2029. Early redemption payments rise over time (scheduled payments correspond to ~19.75% per annum). At maturity investors may receive $1,592.50 if both underliers hit call thresholds, the stated principal if both are above 85% of initial levels, or a principal loss equal to the percentage decline of the worst performing underlier (potentially zero). All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering Partial Principal at Risk Notes tied to the SPDR® Gold Trust that mature on June 11, 2027. Each note has a stated principal amount of $1,000 and an aggregate principal amount of $9,975,000. At maturity the notes pay no interest; investors receive either the stated principal plus an upside payment (100% participation, capped at $1,116 per note) if the underlier appreciates, or a reduced payment that loses 1% of principal for each 1% decline in the underlier, with a partial principal return amount of $950 (95%). Payments are unsecured and subject to Morgan Stanley's credit risk; the observation date is June 8, 2027 ("subject to postponement for non-trading days and certain market disruption events").

Morgan Stanley Finance LLC offers $2,131,000 of Variable Income Auto-Callable Notes due May 30, 2031. Each $1,000 note links to the worst-performing of Palantir (PLTR), Micron (MU) and Qualcomm (QCOM). The notes pay a variable coupon of 10.00% (higher) or 0.25% (lower) per annum on each coupon payment date depending on observation-date barriers, include automatic early redemption on specified dates, and return the stated principal at maturity if not redeemed earlier. The pricing date and strike date were May 27, 2026, original issue date May 29, 2026, final observation date May 27, 2031. The estimated value on the pricing date was $929.40 per note, and selected dealers receive a fixed sales commission of $45 per note.

Morgan Stanley Finance LLC is offering Structured Investments — Variable Income Auto-Callable Notes with an aggregate principal amount of $2,302,000 across notes with a stated principal amount of $1,000 per note. The notes pay a variable monthly coupon of either 10.50% (higher) or 0.25% (lower) depending on observation-date tests tied to the worst performing of four stocks. The notes may be automatically redeemed beginning on May 27, 2027 if all underliers meet call thresholds; maturity is May 30, 2031. Estimated value on the pricing date was $921.50 per note, and purchasers pay an issue price of $1,000 per note that includes selling and structuring costs.