MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers Partial Principal at Risk Notes due July 29, 2027, linked to the iShares^® Silver Trust and fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and will pay no interest. At maturity the payment equals the stated principal plus an upside payment if the underlier’s final level (the arithmetic average on the final averaging dates) exceeds the initial level; appreciation is paid at a 100% participation rate but capped at a maximum payment at maturity of at least $1,342.30 per note. If the final level is below the initial level, investors lose principal on a 1%-for-1% basis, subject to a partial principal return amount equal to 90% of the stated principal ($900 per note). The estimated value on the pricing date was approximately $982.70 per note; the issue price is $1,000 (agent commissions and structuring costs included).

Morgan Stanley Finance LLC priced Principal-at-Risk notes tied to Super Micro Computer, Inc. (SMCI) that mature on May 30, 2028. Each security has a $1,000 stated principal and pays a contingent coupon at an annual rate of 24.40% only if the underlier meets observation-date barriers. The notes auto-redeem early if the closing level meets call thresholds on specified redemption determination dates; if not redeemed, principal at maturity depends on the final level versus the downside threshold of $17.79 (50% of the initial level). The issue price is $1,000 and the estimated value at pricing was $949.20. All payments are unsecured and subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering principal‑at‑risk, auto‑callable securities tied to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a stated principal amount of $1,000 and an aggregate offering of $100,000. The securities may be automatically redeemed on scheduled determination dates beginning June 2, 2027 if the closing level of the underlier is at or above the call threshold level (3,322.314, 90% of the initial level), producing predefined early redemption payments. If not redeemed early, maturity is May 30, 2031 with payoff rules: fixed positive payment if final level ≥ call threshold, return of principal if final level ≥ downside threshold (2,214.876, 60% of initial level), or a loss equal to the percentage decline (payment = principal × final level/initial level) if final level < downside threshold. The estimated value on the pricing date was $900.10 per security; the issue price is $1,000 with an agent commission of $42.50 per security. All payments are subject to issuer and guarantor credit risk. The underlier applies a 4% per annum daily decrement and is intraday‑rebalanced; it has limited live history (established August 30, 2024) and includes back‑tested data.

Morgan Stanley Finance LLC priced a $1,842,000 aggregate offering of Principal at Risk securities due May 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. The notes are linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, feature automatic early redemption and a 15% buffer. Payments depend on the index closing levels on scheduled determination dates; early redemption payments deliver fixed cash amounts per schedule, while maturity payments provide $1,512.50 if the final level is at or above the buffer or a reduced principal tied to index performance below the buffer. All payments are subject to Morgan Stanley’s credit risk.

The issuer, Morgan Stanley Finance LLC, is offering structured, principal-at-risk notes linked to the worst performing of the Dow Jones Industrial Average, the S&P 500® Index and the Russell 2000® Index. The offering is for an aggregate principal amount of $2,148,000 at an issue price of $1,000 per security.

The notes can be automatically redeemed on specified determination dates beginning May 28, 2027 for fixed early redemption payments (approximately 14.00% per annum equivalent on the stated schedule). If not redeemed, maturity payoff depends on the worst performing underlier: investors receive principal plus an upside payment when all underliers finish above their initial levels (participation rate 150%), receive only principal if all underliers finish at or above 70% of initial levels, or suffer a pro rata loss equal to the decline of the worst performing underlier (payment could be zero). All payments are subject to issuer and guarantor credit risk. The estimated value on pricing date was $953.30 per security and selling commissions of $37.50 per security were deducted from proceeds.

Morgan Stanley Finance LLC offers principal-at-risk structured notes linked to NuScale Power Corporation Class A common stock with a stated principal amount of $1,000 per security and an issue price of $1,000 per security. The estimated value on the pricing date is approximately $922.50.

The notes can be automatically redeemed on the first determination date: June 10, 2027 for an early redemption payment of $1,671.50 if the closing level of the underlier is at or above the call threshold (100% of the initial level). If not redeemed, maturity on June 7, 2029 pays either: (a) principal plus an upside payment when the final level > initial level with a 200% upside participation rate; (b) a limited positive return when the final level is between the downside threshold (60% of initial) and the initial level using a 100% absolute return participation rate; or (c) a loss proportional to the underlier decline if the final level is below the downside threshold, which could result in a payment materially less than principal or zero. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced Trigger PLUS principal-at-risk notes due May 30, 2031 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 security and the issue price is $1,000.

At maturity the payout is determined by the worst performing underlier: holders receive principal plus a 125% leveraged upside if the worst underlier finishes above its initial level; they receive principal if the worst underlier finishes at or above its 70% downside threshold; if the worst underlier finishes below that threshold, holders lose on a 1:1 basis and could lose their entire investment. All payments are subject to MSFL's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced $1,410,000 aggregate principal amount of Principal at Risk securities linked to the S&P 500® Index. Each note has a $1,000 stated principal amount, an $940.20 estimated value on the pricing date and matures on May 30, 2031.

The securities pay no interest and provide (i) 100% upside participation capped at $1,585 per security, (ii) an absolute-return feature that can produce up to a 15% positive return if the final index level is between the initial level (7,519.12) and the buffer level (6,391.252), and (iii) principal loss if the final level is below the buffer, subject to a 15% minimum payment at maturity. Sales commissions of $40 per security were paid to dealers; proceeds to the issuer equal $960 per security.

Morgan Stanley Finance LLC priced a structured note offering — principal-at-risk Enhanced Trigger Jump Securities with a $1,000 stated principal amount per security and a fixed digital payment of $117.50 (11.75%) payable at maturity if specified digital thresholds are met. The securities pay no interest and may return less than principal at maturity based solely on the worst performing underlier.

Key terms: strike/pricing date June 4, 2026, original issue date June 9, 2026, observation date July 6, 2027, maturity date July 9, 2027. Downside threshold is 70% of initial levels and digital threshold is 50% of initial levels. Estimated value on the pricing date was approximately $984.90 per security; all payments are subject to issuer and guarantor credit risk.