MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities linked to the common stock of Blackstone Inc. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The estimated value on the pricing date is approximately $980. The securities pay a contingent coupon at an annual rate of 15.60% on each coupon payment date only if the underlier's closing level on the related observation date is at or above the coupon barrier (set at 60% of the initial level). The notes are automatically redeemed early if the closing level on any redemption determination date is at or above the call threshold (100% of the initial level), in which case holders receive the stated principal plus the contingent coupon for that period. If not auto‑redeemed, at maturity holders receive principal if the final level is at or above the downside threshold (60% of the initial level); if the final level is below that threshold, the payment equals the principal multiplied by the performance factor (final level/initial level), exposing investors to potential loss of principal, possibly to zero. All payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley and are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced $1,312,000 of buffered digital MSCI EAFE® index-linked notes due June 9, 2028, fully and unconditionally guaranteed by Morgan Stanley. The notes return either a capped payment of $1,188.00 per $1,000 (118.80%) if the Final Underlier Level is at or above 87.50% of the Initial Underlier Level, or a downside cash payment that can result in a partial or total loss of principal if the index falls below that threshold.

The trade date was May 19, 2026, Original Issue Date May 22, 2026, and the Determination Date is June 7, 2028. The notes do not pay interest, are unsecured, not listed, and are subject to issuer credit risk, hedging activity by affiliates, limited secondary liquidity and potential discretionary adjustments by the calculation agent. The estimated value on the trade date was $989.50 per $1,000.

Morgan Stanley Finance LLC is offering structured, principal-at-risk, contingent income auto-callable securities linked to the common stock of Micron Technology, Inc. Each security has a stated principal amount of $1,000 and an original issue date of June 2, 2026.

The securities pay a contingent coupon at an annual rate of 22.20% only if the closing level of the underlier meets or exceeds the coupon barrier (set at 50% of the initial level) on observation dates. They are subject to automatic early redemption if the closing level meets or exceeds the call threshold (100% of the initial level) on redemption determination dates. If not redeemed, at maturity on June 2, 2031 holders receive principal only if the final level is at or above the downside threshold (set at 50% of the initial level); otherwise the payment equals $1,000×(final level/initial level), which could be significantly less or zero.

Morgan Stanley Finance LLC priced a Buffered PLUS principal-at-risk note linked to the worst performing of the Nasdaq-100 and S&P 500 indices with a stated principal amount of $1,000 per security. The securities have a Leverage factor of 111.30%, a 15% buffer (buffer level = 85% of initial level) and a minimum payment at maturity of 15% of principal. Key dates: strike/pricing date May 22, 2026, original issue date May 28, 2026, observation date June 1, 2029 and maturity June 6, 2029. Estimated value on the pricing date was approximately $981.00 per security. Payments depend on the worst performing underlier; losses occur beyond the buffer and all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering structured, principal-at-risk, auto-callable notes linked to the worst performing of the Global X Silver Miners ETF (SIL) and the iShares Silver Trust (SLV). Each security has a $1,000 stated principal amount and an original issue price of $1,000.

The notes may be automatically redeemed on specified determination dates beginning May 28, 2027 for fixed early redemption payments (ranging in examples from $1,280 to $1,770) and mature on May 24, 2029. If not auto‑redeemed, payoff at maturity can be $1,840, the stated principal, or an amount that reflects 100% of the worst performing underlier (potentially resulting in a full loss of principal).

Morgan Stanley Finance LLC is offering structured, principal-at-risk notes due November 26, 2027 linked to the worst-performing of the Dow Jones Industrial, Nasdaq-100, Russell 2000 and S&P 500. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities pay no interest and provide a fixed $237.10 upside payment per security (a 23.71% return) if the worst-performing underlier is at or above a 90% buffer of its initial level on the observation date. If the worst-performing underlier is below its buffer, investors lose 1.1111% of principal for every 1% decline beyond the 10% buffer; there is no minimum payment and the investment could be fully lost. Estimated value on the pricing date was approximately $983.40 per security. All payments are subject to MSFL’s credit risk and the notes are fully and unconditionally guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk notes due May 24, 2029 linked to the worst performing of the Global X Silver Miners ETF (SIL) and the iShares Silver Trust (SLV). Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities are auto‑callable beginning with the first determination date on May 28, 2027, with preset early redemption payments that correspond to an approximate 25.50% per annum return if triggered. If not called, maturity payoffs range from a fixed positive payment of $1,765.00 if both underliers meet upside thresholds to a principal‑loss payoff tied to the worst performing underlier (1% loss per 1% decline below downside thresholds), which could result in a total loss of principal. The document discloses an estimated value on the pricing date of approximately $937.50 per security and shows agent compensation of $22.50 plus a structuring fee of $1.00 per security.

Morgan Stanley Finance LLC is offering Structured Investments: Contingent Income Auto-Callable Notes due June 2, 2031, fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal per note and pay a contingent coupon of 11.00% per annum only when the closing level of each of three ETF underliers meets or exceeds its coupon barrier on observation dates. The notes are linked to the worst performing of the KRE, GDX and DRAM ETFs, are subject to automatic early redemption on specified redemption determination dates, and will pay the stated principal at maturity if not previously redeemed. All payments are subject to the issuer’s credit risk. The estimated value on the pricing date is approximately $965.90 per note.

Morgan Stanley Finance LLC priced a structured, principal-at-risk note tied to the worst performing of the Dow Jones Industrial Average and the S&P 500. Each security has a $1,000 stated principal amount, an estimated value on the pricing date of approximately $983.20, and matures on September 7, 2027. The payoff is determined by the worst performing underlier on the observation date and includes a 19% buffer (buffer level = 81%) and a capped maximum upside payment of $1,117 (111.70% of principal). If the worst performing underlier falls below the buffer, investors lose 1% of principal for every 1% decline beyond the buffer, with a minimum payment at maturity of 19% of principal. All payments are subject to MSFL's credit risk and guaranteed by Morgan Stanley.