MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced principal-at-risk, auto-callable notes linked to the common stock of ServiceNow, Inc. The securities have a $1,000 stated principal amount, an issue price of $1,000, aggregate principal of $843,000, and an estimated value on the pricing date of $943.60. If the closing level of the underlier on the first determination date ( May 24, 2027) is at or above the call threshold ($103.30), the securities will be automatically redeemed for an early redemption payment of $1,352.50. At final maturity (February 25, 2028), if not redeemed, payoffs depend on the final level versus the initial level ($103.30) and the downside threshold ($61.98): upside is paid at a 150% participation rate on appreciation; losses occur dollar-for-dollar below the downside threshold and could result in total loss of principal. All payments are subject to issuer and guarantor credit risk. Tax treatment is uncertain; consult a tax adviser.

Morgan Stanley Finance LLC is offering contingent income, auto-callable securities tied to Micron Technology, Inc. Each note has a stated principal amount of $1,000 and an original issue price of $1,000. The notes pay a contingent coupon only if the underlier meets periodic observation thresholds and are automatically redeemed early if the underlier reaches the call threshold on a redemption determination date. If not redeemed, repayment at maturity depends on the final level versus a downside threshold; if the final level is below that threshold, investors suffer pro rata principal loss (performance factor = final level / initial level). Key dates include a strike date of May 26, 2026, a final observation date of May 29, 2029 and a maturity date of June 1, 2029. The preliminary pricing supplement shows an estimated value on the pricing date of approximately $960.30 per security and a stated contingent coupon rate of 39.75% per annum. All payments are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; holders bear credit risk of both entities.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes due June 24, 2027 tied to the Class A common stock of Toast, Inc. The offering totals $1,656,000 in aggregate principal at an issue price of $1,000 per security.

Each security pays no interest and at maturity will either return the stated principal plus a fixed $185 (18.50%) upside payment if the final level is at or above the downside threshold, or pay the stated principal multiplied by the performance factor (final level / initial level) if the final level is below the downside threshold of $11.66 (50% of the initial level $23.32). All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced $440,000 aggregate principal of Principal-at-Risk notes due May 23, 2031, issued at $1,000 per security and fully and unconditionally guaranteed by Morgan Stanley. The securities pay a contingent coupon of 13.75% per annum, feature automatic early redemption if the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index closes at or above the call threshold on a redemption determination date, and return principal at maturity only if the final level is at or above the buffer level (≈85% of initial); otherwise investors bear losses beyond the 15% buffer, subject to a 15% minimum payment at maturity. The offering was priced on May 20, 2026, with original issue date May 26, 2026, and maturity May 23, 2031. The securities are unsecured obligations of MSFL; payments are subject to MSFL’s and Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering Structured Investments: Partial Principal at Risk Notes due December 6, 2027, linked to the worst performing of the Nasdaq-100 Index and the S&P 500 Index. The notes have a $1,000 stated principal amount, pay no interest, and return a partial principal return amount of 95% of stated principal at maturity in downside scenarios. The participation rate is 100% with a maximum payment at maturity of $1,170.50 per note. The pricing/strike date is June 1, 2026, original issue date June 4, 2026, observation date December 1, 2027, and estimated value on the pricing date was approximately $987.10 per note. All payments are subject to Morgan Stanley and MSFL credit risk; the notes are unsecured, not listed, and may have limited secondary-market liquidity.

Morgan Stanley Finance LLC prices Principal-at-Risk auto-callable notes linked to the worst performing of the S&P 500, Russell 2000 and Nasdaq-100 (guaranteed by Morgan Stanley). The offering totals $700,000 in aggregate principal at $1,000 per security with an estimated value of $969.00 on the pricing date. The securities pay a contingent coupon of 6.25% per annum on each coupon payment date only if every underlier is at or above its coupon barrier on the related observation date, are subject to automatic early redemption on specified determination dates, and expose investors to full loss of principal if the worst performing underlier declines below its downside threshold and finishes below its initial level.

Morgan Stanley Finance LLC is offering Principal-at-Risk structured notes linked to Nextpower Inc. class A common stock with a stated principal amount of $1,000 per security and an original issue price of $1,000 per security. The securities pay a contingent coupon at an annual rate of 37.68% only when the underlier closes at or above a coupon barrier on each observation date and feature automatic early redemption on specified redemption determination dates. If not redeemed early, investors receive principal at maturity only if the final level is at or above a buffer level equal to 70% of the initial level; otherwise losses are amplified by a downside factor of 1.4286, exposing holders to potential loss of principal. The estimated value on the pricing date is approximately $976.20 per security and the offering includes an agent fee of $10 per $1,000 security.

Morgan Stanley Finance LLC is offering Principal at Risk notes linked to the common stock of ServiceNow, Inc. The securities have a $1,000 stated principal per security, an original issue price of $1,000 and an estimated value on the pricing date of approximately $986.20. They pay a contingent coupon (annual rate 26.28%) only if the underlier meets coupon barrier tests on observation dates and feature automatic early redemption if the underlier meets the call threshold on specified redemption determination dates. If not redeemed, maturity payoff protects the first 30% decline (buffer) but exposes investors to a 1.4286% loss of principal for each 1% decline beyond that buffer. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering buffered, auto-callable Principal at Risk securities due June 25, 2029, fully guaranteed by Morgan Stanley. The issue is sold at $1,000 per security with an aggregate offering of $3,346,000. The securities may auto-redeem on the first determination date (May 27, 2027) for an early redemption payment of $1,100 if each underlier meets its call threshold. If not auto‑redeemed, maturity payoffs depend on the worst performing underlier versus a 10% buffer: above initial levels there is participation at 250% of upside; between the buffer and initial level investors receive principal; below the buffer investors lose 1% per 1% decline beyond the buffer, subject to a 10% minimum payment at maturity. All payments are subject to issuer credit risk and the estimated value on the pricing date was $982.90 per security.