MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced Buffered PLUS principal-at-risk securities linked to the worst performing of Blackstone Inc. and KKR & Co. common stock. Each security has a stated principal amount of $1,000, a 300% leverage factor on upside, a 15% buffer and a capped maximum payment of $2,140 per security. The observation date is November 21, 2028 with maturity on November 27, 2028. The securities pay no interest, provide downside protection only through the specified buffer and expose investors to issuer credit risk and potential loss of principal beyond the buffer.

Morgan Stanley Finance LLC priced Principal-at-Risk, structured auto-callable securities linked to Amphenol Corporation Class A common stock, with a $1,000 stated principal per security and an original issue price of $1,000. The securities pay a contingent coupon only if observation-date closes meet the coupon barrier and are subject to automatic early redemption on specified determination dates. If not redeemed, maturity payoff protects the first 40.14% of loss (the buffer) but applies a downside factor of 1.6706 to declines beyond that buffer, exposing investors to potential principal loss; investors do not participate in upside appreciation. Key dates include strike May 21, 2026, pricing May 22, 2026, original issue May 28, 2026, final observation June 3, 2027, and maturity June 8, 2027.

Morgan Stanley Finance LLC is offering Auto-Callable Trigger PLUS notes due June 3, 2031, linked to the EURO STOXX 50® Index and fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000. If the index on the first determination date (6/8/2027) is at or above the initial index value, the notes auto-redeem for an early redemption payment of $1,170.10. If not redeemed, maturity payoffs depend on the final index value: upside participation of 150% of index appreciation above the initial index value, full principal if the final index value is at or above the downside threshold (75% of initial), or a loss 1-to-1 if the final index value is below that threshold. The pricing date is May 29, 2026; the issuer estimates the value per security on the pricing date at approximately $953.50 (estimate within $40). All payments are subject to issuer credit risk and the securities do not pay regular interest.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes linked to ServiceNow, Inc. common stock. Each security has a stated principal amount of $1,000, an estimated value on the pricing date of approximately $963, a contingent coupon at an annual rate of 17.50%, and a maturity date of May 25, 2029. The securities pay contingent coupons only if the closing level of the underlier meets or exceeds the coupon barrier on observation dates, can be automatically redeemed early if the underlier meets the call threshold on redemption determination dates, and expose investors to full credit risk of Morgan Stanley and to downside loss at maturity if the final level is below the downside threshold.

Morgan Stanley Finance LLC is offering Dual Directional Buffered Participation Securities linked to the S&P 500® Index with a stated principal amount of $1,000 per security and an aggregate principal amount of $6,590,000. The securities mature on June 24, 2027 and pay no interest.

At maturity the payout depends on the closing index level on the observation date: investors receive upside participation up to a $1,075 maximum, an absolute-return feature if the index落 but remains above the buffer, or principal losses beyond a 19.80% buffer (minimum payment 19.80%).

Morgan Stanley Finance LLC is offering $24,924,000 of Digital S&P 500® Index-Linked Notes due September 22, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 face amount. If the S&P 500® closing level on the Determination Date (September 20, 2027) is >= 90% of the initial level, holders receive a capped $1,134.50 per note (113.45% of face). If the index declines by more than 10%, the payment decreases pro rata (using a buffer factor of approximately 111.11%), and investors may lose some or all principal. Trade Date is May 20, 2026; Original Issue Date is May 26, 2026. Estimated value on the Trade Date is $996.70 per note. The notes do not pay interest, are unsecured, not listed, and are subject to issuer credit risk. Proceeds are for general corporate purposes.

Morgan Stanley Finance LLC priced a preliminary offering of market‑linked, principal‑at‑risk securities due June 9, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a face amount of $1,000, a current estimated value of $957.60 on the pricing date, and a contingent fixed return to be set on the pricing date of at least 40% (example: $400 per security). The payout depends solely on the lowest performing stock among Netflix, ServiceNow and Oracle measured on the calculation day (June 4, 2027). If that lowest performing stock closes below its threshold (60% of its starting price), holders are exposed to the full downside of that stock and may lose more than 40% or all principal at maturity. The document discloses underwriter commissions, estimated value methodology, tax treatment uncertainty, potential lack of liquidity and conflicts of interest; investors are directed to the product supplement, tax supplement and prospectus for full terms.

Morgan Stanley Finance LLC is offering principal‑at‑risk, auto‑callable notes due May 30, 2028 that are linked to the worst performing common stock of Adobe Inc., Broadcom Inc. and Micron Technology, Inc.. The securities have a stated principal amount of $1,000 per security and an issue price of $1,000 per security. They pay a fixed coupon at an annual rate of 22.30% (monthly payments) and may be automatically redeemed early if each underlier meets its call threshold on a redemption determination date.

At maturity investors receive principal only if each underlier's final level is at or above its downside threshold (55% of initial level); otherwise the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to a potential total loss of principal. The pricing date and strike date are May 22, 2026, the observation date is May 24, 2028, and the estimated value on the pricing date is approximately $968.00 per security.

Morgan Stanley Finance LLC priced a structured principal-at-risk note linked to ServiceNow, Inc. (NOW) with a one-year term maturing June 2, 2027. Each $1,000 face security pays a contingent fixed return of 21% ($210) if the ending price is at or above the 60% threshold ($61.98). If the ending price is below the threshold, the holder is exposed 1-for-1 to the underlying return and may lose more than 40% or all of the face amount. The estimated value on the pricing date is $944.00 per security; price to public is $1,000 with agent commissions of up to $23.25 per security.