MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC proposes Principal at Risk structured notes due June 3, 2031, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The notes pay no regular interest, feature an automatic early redemption on the first determination date for an early redemption payment of $1,250 if the underlier meets the call threshold, and otherwise provide payoff outcomes at maturity tied to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. The participation rate is 350% for upside above the initial level; the underlier includes a 4% per annum decrement and a downside threshold set at 50% of the initial level. The document warns of principal loss to zero, model valuation uncertainty (estimated value ~$943.60 on pricing date), issuer and guarantor credit risk, limited secondary market liquidity, and U.S. federal tax treatment uncertainty.

Morgan Stanley Finance LLC is pricing Principal at Risk Buffered Participation Securities linked to the S&P 500® Index with a $1,000 stated principal amount per security. The notes mature on June 6, 2029 with an observation date of June 1, 2029 and pay no interest.

If the final level exceeds the initial level of 7,432.97, holders receive principal plus 100% participation in the index gain, capped at a $1,288.50 maximum payment. If the final level falls to at least the 20% buffer level (5,946.376), holders receive the stated principal. If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a 20% minimum payment at maturity.

Morgan Stanley Finance LLC is offering principal‑at‑risk, contingent‑income, auto‑callable securities with a stated principal of $1,000 per security. The securities price and strike were set on May 27, 2026, have a maturity date of May 30, 2031 and an estimated value on the pricing date of approximately $904.20 per security. They pay a contingent coupon at an annual rate of 9.55% only when the underlier meets the coupon barrier on specified observation dates and feature automatic early redemption if the underlier meets a call threshold on certain redemption determination dates. At maturity, if the final level is below the buffer level (85% of the initial level), investors absorb losses equal to 1% for each 1% decline beyond the buffer, subject to a minimum payment of 15% of principal. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; payments remain subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering contingent income memory auto-callable securities due June 8, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The securities pay a contingent coupon at an annual rate of 9.00% only when the closing level of each of three underliers meets or exceeds its coupon barrier on an observation date. The securities are linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100® Technology Sector Index and the State Street® SPDR® S&P® Regional Banking ETF (KRE). They may be automatically redeemed on specified redemption determination dates if all underliers meet their call thresholds; if not redeemed, repayment at maturity is either full principal (if each underlier is above its downside threshold) or a reduced payment tied to the worst performing underlier, potentially resulting in total loss of principal. All payments are subject to the issuer’s and guarantor’s credit risk. The estimated value on the pricing date was approximately $953.80 per security.

Morgan Stanley Finance LLC offers Principal at Risk auto-callable notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a $1,000 stated principal amount, a contingent coupon at an annual rate of 16.00%, automatic early‑redemption observations beginning on November 30, 2026, a final observation date of May 28, 2031 and maturity on June 2, 2031. Investors receive the stated principal at maturity only if the final level is at or above a downside threshold equal to 60% of the initial level; otherwise maturity payment is reduced by the performance factor (final/initial level). Estimated value on the pricing date is approximately $948.80 per security. All payments are subject to MSFL and Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities due July 9, 2027. Each security has a stated principal amount of $1,000 and is linked to the worst performing of the EURO STOXX 50® Index and the iShares MSCI EAFE ETF (EFA). The notes provide 150% leveraged upside on the worst performing underlier up to a maximum payment of $1,262.50 (126.25%), a 10% buffer (90% buffer level), and a minimum payment of 10% of principal. Payment at maturity depends solely on closing levels on the observation date of July 6, 2027, and all payments are subject to issuer credit risk and the guarantee by Morgan Stanley.

Morgan Stanley Finance LLC offers principal-at-risk, auto-callable securities tied to Palantir Technologies Inc. class A common stock with a stated principal amount of $1,000 per security. The securities pay a contingent coupon of 15.00% per annum on specified observation dates if the underlier meets the coupon barrier. They can redeem early on scheduled redemption determination dates if the underlier meets the call threshold. At maturity, if the final level is below the downside threshold (50% of the initial level), investors suffer proportional principal loss (performance factor = final level / initial level). All payments are unsecured obligations of MSFL and guaranteed by Morgan Stanley and are subject to issuer credit risk, limited secondary market liquidity, embedded structuring and hedging costs, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk notes linked to the worst performing of the Dow Jones Industrial Average and the S&P 500 Index, with a $1,000 stated principal amount per security and an original issue price of $1,000 per security. The securities pay no interest, provide a 122% leverage factor on upside, include a 15% buffer (buffer level = 85% of the initial level) and a 15% minimum payment at maturity. Key dates: strike/pricing June 3, 2026, original issue date June 8, 2026, observation date June 4, 2029 (subject to postponement), and maturity date June 7, 2029. Payments are based on the worst performing underlier and are subject to issuer credit risk and the calculation agent’s determinations.

Morgan Stanley Finance LLC is offering market-linked notes due May 30, 2031 linked to the S&P 500® Futures Excess Return Index. The notes have a $1,000 stated principal amount per note and a 127% participation rate for positive index performance; they pay no interest and return principal at maturity if the index is flat or lower. The pricing and strike dates are May 26, 2026, the observation date is May 27, 2031, and the estimated value on the pricing date is approximately $948.50 per note. All payments are unsecured and subject to Morgan Stanley Finance LLC credit risk and Morgan Stanley’s guarantee.