MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable securities due June 1, 2029, linked to the common stock of Amazon.com, Inc.. Each security has a stated principal of $1,000 and an issue price of $1,000; the estimated value on the pricing date was approximately $964.90.

The notes pay a contingent coupon at an annual rate of 10.00% on scheduled coupon dates only if the closing level of the underlier on the related observation date is at or above the coupon barrier (set at 70% of the initial level). The securities automatically redeem early if the underlier reaches the call threshold (100% of the initial level) on any redemption determination date, beginning with the first determination date of November 27, 2026. If not redeemed, and the final level is below the downside threshold (set at 70% of the initial level), maturity payment equals the stated principal multiplied by the performance factor and may be significantly less than principal, including zero.

Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to the S&P 500® Index due June 24, 2027. Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The initial level is 7,403.05 (strike date May 18, 2026).

At maturity the securities pay either (a) principal plus upside (100% participation) capped at a $1,075 maximum per security, (b) a positive absolute-return payment if the index decline stays within the 19.80% buffer, or (c) a pro rata loss of principal beyond the buffer down to a minimum payment of 19.80% of principal. Estimated value on the pricing date is approximately $990.20 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC offers Principal at Risk structured notes linked to DexCom, Inc. common stock with a stated principal of $1,000 per security, a contingent coupon of 15.50% per annum, an original issue date of June 2, 2026 and a maturity date of June 1, 2029. The notes pay contingent coupons only if the underlier meets the coupon barrier on observation dates and will automatically redeem early if the underlier meets the call threshold on a redemption determination date. If not called and the final level is below the downside threshold (60% of the initial level), principal is reduced pro rata and could be zero. Estimated value on the pricing date was approximately $962.40.

The pricing supplement describes a primary offering of Contingent Income Auto-Callable Securities issued by Morgan Stanley Finance LLC and fully guaranteed by Morgan Stanley, linked to the common stock of Micron Technology, Inc. The securities have a $1,000 stated principal amount, aggregate principal of $310,000, and an original issue price of $1,000 per security. They pay a contingent coupon at an annual rate of 27.50% only if the underlier meets the coupon barrier on observation dates, feature automatic early redemption if the closing level meets the call threshold on redemption determination dates, and expose holders to full downside risk at maturity if the final level is below the downside threshold. All payments are subject to the issuer's and guarantor's credit risk.

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Structured Investments: Enhanced Buffered Jump Securities linked to the MSCI Emerging Markets Index. Each security has a $1,000 stated principal amount and an issue price of $1,000. The estimated value on the pricing date was approximately $983. The securities mature on June 9, 2027 with an observation date of June 4, 2027 (subject to postponement). If the final level is at or above the buffer level (the initial level × 90%), investors receive principal plus an upside payment (at least $146.70, or 14.67%). If the final level is below the buffer level, investors lose 1.1111% of principal for each 1% decline beyond the 10% buffer; there is no minimum payment and the principal could be lost. All payments are subject to Morgan Stanley’s credit risk. Other key terms: agent commission up to $10 per security and additional details in the product, index, tax supplements and prospectus.

Morgan Stanley Finance LLC prices Principal at Risk notes linked to the S&P 500® Index with $250,000 aggregate principal. The notes have a $1,000 stated principal amount per security, a 10% buffer (90% buffer level of the initial level), a 100% upside participation rate capped at $1,140 per security, and a minimum payment at maturity of 10% of principal.

The securities pay no interest, are unsecured obligations of MSFL and guaranteed by Morgan Stanley, carry issuer credit risk, include an estimated value of $966.40 on the pricing date, and were offered with agent commissions of $22.50 per security. Terms are subject to the product supplement, index supplement, tax supplement and prospectus.

Morgan Stanley Finance LLC is offering contingent income auto-callable securities linked to the common stock of Alnylam Pharmaceuticals, Inc. The securities have a stated principal amount of $1,000 per security, a contingent coupon at an annual rate of 14.85%, automatic early redemption features beginning with a redemption determination date on August 28, 2026, a final observation date of May 29, 2029 and a maturity date of June 1, 2029. The coupon is payable for an interest period only if the closing level of the underlier on the related observation date is at or above the coupon barrier level (60% of the initial level). If not automatically redeemed and the final level is below the downside threshold (60% of the initial level), payment at maturity is equal to the stated principal amount multiplied by the performance factor (final level/initial level), which could result in a significant loss or a zero payment. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due June 24, 2027 linked to the Class A common stock of Toast, Inc. The notes have a $1,000 stated principal amount per security, an upside payment of $185 (18.50%), a pricing and strike date of May 20, 2026, and an observation date of June 21, 2027. If the final level is at or above a downside threshold of 50% of the initial level, holders receive principal plus the fixed upside payment; if the final level is below that threshold, holders suffer a pro rata loss of principal (1% loss per 1% decline), with no minimum payment. The estimated value on the pricing date was approximately $973.40 per security and the issue price is $1,000, with agent commissions of $10 and a structuring fee of $1 per security. All payments are unsecured and subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC priced Dual Directional Trigger Jump Securities due May 20, 2031, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an upside payment of $432 (43.20%). If the basket appreciates up to 43.20% you receive at least $1,432; above that you participate 1:1. If the basket declines but remains ≥75% of the initial value you receive a positive return equal to the absolute decline (capped at +25%); if the basket falls below 75% you suffer a 1:1 loss of principal. Estimated value on pricing date: $947.20 per security.