MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering fixed rate callable notes due May 29, 2030, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and pays a fixed annual rate of 4.350% semiannually. The notes are callable in whole only on May 29, 2027 and November 29, 2027 if a risk neutral valuation model determines redemption is economically rational, with any redemption paid at 100% of principal plus accrued interest. The estimated value on the pricing date is approximately $983.30 per note. The notes will not be listed on an exchange and are subject to Morgan Stanley credit risk and limited secondary market liquidity. Proceeds will be used for general corporate purposes.

Morgan Stanley Finance LLC is offering fixed rate callable notes due May 29, 2031, fully guaranteed by Morgan Stanley. Each note has a stated principal of $1,000, a fixed interest rate of 4.550% per annum payable semi-annually and an original issue date of May 29, 2026.

The notes are callable on specified redemption dates (including May 29, 2027 and November 29, 2027) only if a risk neutral valuation model determination indicates redemption is economically rational for the issuer. Any redemption pays 100% of principal plus accrued interest. The estimated value on the pricing date is approximately $981.40 per note. Proceeds will be used for general corporate purposes.

Morgan Stanley Finance LLC is offering fixed rate callable notes due May 27, 2033, fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000 and a stated interest rate of 4.750% per annum, paid semi‑annually beginning November 27, 2026. The notes may be redeemed in whole on specified redemption dates if a risk neutral valuation model determination made by the calculation agent finds redemption economically rational; scheduled early redemption dates include May 27, 2027 and November 27, 2027, with a redemption price of 100% of principal plus accrued interest. The estimated value on the pricing date is approximately $974.30 per note. Proceeds will be used for general corporate purposes.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk notes linked to the S&P 500® Index with an aggregate principal amount of $15,000,000. Each security has a stated principal amount of $1,000, an issue price of $1,000 and an estimated value on the pricing date of $985.70. The notes mature on June 17, 2027 with an observation date of June 14, 2027. Investors receive principal plus a leveraged upside payment if the final level exceeds the initial level, subject to a 150% leverage factor and a $1,126 maximum payment at maturity. A 10% buffer applies: if the final level falls below 90% of the initial level, investors lose 1% for each 1% decline beyond the buffer, subject to a 10% minimum payment. All payments are subject to issuer and guarantor credit risk; MSFL securities are fully guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC is offering principal-at-risk, fixed-coupon auto-callable securities fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and will pay a fixed coupon at an annual rate of 8.70%, with maturity on November 26, 2027. The securities can be automatically redeemed early if both underliers meet their call threshold on a redemption determination date; otherwise payment at maturity depends on the worst performing of the Nasdaq-100 and S&P 500 indices and investors may lose principal if the worst performing underlier falls below its 70% downside threshold. The preliminary pricing supplement states an estimated value on the pricing date of approximately $991.50 per security and notes that all payments are subject to the issuer’s credit risk.

Morgan Stanley Finance LLC is offering callable, principal-at-risk notes linked to the common stock of United Airlines Holdings, Inc. The securities have a $1,000 stated principal amount, a contingent annual coupon of 20.50%, a coupon barrier equal to 60% of the initial level, and a downside threshold equal to 60% of the initial level. The securities may be called beginning on August 24, 2026 based on a risk neutral valuation model. If not called, payment at maturity on February 24, 2027 depends on the final level: full principal if the final level is at or above the downside threshold, otherwise principal is reduced pro rata and could be zero. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC proposes Principal at Risk Buffered Participation Securities linked to the Nasdaq-100 Index with a $1,000 stated principal amount per security and an original issue price of $1,000. The securities pay no interest, mature on June 24, 2027, and reference the closing Nasdaq-100 level on the observation date of June 21, 2027. Investors receive principal plus 100% participation in upside subject to a $1,178 maximum payment at maturity (117.80% of principal). A 15% buffer protects against losses up to 15% of the initial level; if the final level is below the buffer, investors lose 1% for each additional 1% decline, with a minimum payment of 15% of principal. The pricing-date estimated value is approximately $990.20 per security. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities due June 8, 2029, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and a fixed upside payment of $206.50 (20.65%) if the S&P 500® final level is at or above the buffer level on the observation date.

If the final level is below the buffer level (set at 75% of the initial level), investors lose 1% of principal for each 1% decline beyond the 25% buffer, subject to a minimum payment at maturity of 25% of principal. The estimated value on the pricing date is approximately $980.00 per security. All payments are subject to Morgan Stanley’s credit risk; the securities pay no interest and are intended for investors willing to risk principal in exchange for the capped upside and buffer features.

Morgan Stanley Finance LLC priced a principal-at-risk structured note linked to the S&P 500® Futures Excess Return Index due May 30, 2031. Each note has a $1,000 stated principal amount and an original issue price of $1,000. The securities offer an upside payment of $450 per security and include a 20% buffer and a minimum payment at maturity of 20% of principal. Payments depend on the final level of the underlier on the observation date of May 27, 2031 and are subject to Morgan Stanley and MSFL credit risk.

The pricing date and strike date are May 26, 2026, original issue date May 29, 2026, and the document states an estimated value on the pricing date of approximately $938.20 per security. The notes do not pay interest; secondary market liquidity, tax treatment, and conflicts of interest are disclosed in the supplement.