MORGAN STANLEY SEC Filings

The document is a pricing supplement for Morgan Stanley Finance LLC’s contingent income auto-callable securities linked to Philip Morris International Inc. The securities have a $1,000 stated principal per note, an 11.40% annual contingent coupon, a pricing/strike date of May 8, 2026 and maturity on June 11, 2027. Coupons are paid only if the underlier’s closing level meets the coupon barrier on observation dates; automatic early redemption occurs if the closing level meets the call threshold on any redemption determination date. If not called and the final level is below the downside threshold, investors suffer principal loss proportional to the underlier’s decline. The offering price includes commissions and structuring costs; the estimated value on pricing was $970.20 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced Principal at Risk securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. The offering has a stated principal amount of $1,000 per security and an aggregate principal amount of $1,620,000. The securities mature on June 11, 2027 with an observation date of June 8, 2027. If the final level of each underlier is greater than or equal to its downside threshold (60% of the initial level), holders receive the stated principal plus an upside payment of $90 (9%). If any underlier is below its downside threshold, the payment equals the stated principal multiplied by the worst performing underlier’s performance factor, meaning investors lose 1% for each 1% decline in the worst performing underlier; there is no minimum payment. All payments are subject to Morgan Stanley’s credit risk. The estimated value on the pricing date was $991.20 per security.

Morgan Stanley Finance LLC priced a series of principal-at-risk, contingent income auto-callable securities tied to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a $1,000 stated principal, an annual contingent coupon of 11.00%, a strike/pricing date of May 15, 2026, a final observation date of May 15, 2031 and maturity of May 20, 2031. Coupons are paid only if the underlier’s closing level on observation dates meets or exceeds the coupon barrier (50% of the initial level). The securities are automatically redeemed early if the underlier meets or exceeds the call threshold (100% of the initial level) on a redemption determination date, in which case holders receive principal plus the contingent coupon for that period. If not redeemed and the final level is below the downside threshold (50% of initial level), investors lose pro rata principal (payment = stated principal × final level/initial level). The estimated value on the pricing date was approximately $924.00 per security. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to the issuers’ credit risk.

Morgan Stanley Finance LLC is offering callable Principal at Risk notes due May 20, 2027 that pay a fixed coupon (at least 10.50% per annum) and return principal at maturity only if each underlying index is at or above a 70% downside threshold of its initial level.

Each security has a stated principal amount of $1,000, an estimated value on the pricing date of approximately $980.10, and is linked to the worst performing of the S&P 500, Nasdaq-100 Technology Sector and Russell 2000. The notes are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments are subject to Morgan Stanley’s credit risk. The issuer may call the notes on scheduled redemption dates if a risk‑neutral valuation model indicates it is economically rational to do so; redemption shortens the term and ends further payments.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income memory buffered auto-callable securities linked to Amazon.com, Inc. common stock. The notes have a $1,000 stated principal amount per security, a pricing/strike date of May 15, 2026, a final observation date of May 28, 2027 and a maturity date of June 3, 2027. The securities pay a contingent coupon (the preliminary coupon is at least 16.00% per annum) only if the underlier's closing level meets specified observation-date barriers. The notes feature automatic early redemption on specified redemption determination dates and a 15% buffer with a downside factor of 1.1765 if the final level is below the buffer. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced a structured Trigger PLUS offering linked to the worst performing of the Nasdaq-100 Futures Excess Return™ Index and the S&P 500® Futures Excess Return Index due May 13, 2031. The aggregate principal amount offered is $1,206,000 in $1,000 denominations. The securities pay no interest and return at maturity depends on the worst performing underlier: investors receive principal plus a 268% leverage upside if the worst performing underlier finishes above its initial level, full principal if the worst performing underlier finishes at or above 70% of its initial level, and a pro rata loss below that threshold. The estimated value on the pricing date was $965.70 per security and the issue price was $1,000 per security; sales were limited to fee-based advisory accounts.

Morgan Stanley Finance LLC prices contingent income auto-callable notes underwritten by Morgan Stanley. The offering is for 396 securities at a stated principal amount of $1,000 per security and an aggregate principal amount of $396,000, issued at a price of $1,000 per security.

The securities pay a contingent coupon of 9.50% per annum on each coupon payment date only if the closing level of each underlier is at or above its coupon barrier (70% of each initial level) on the related observation date. The notes are auto-callable on specified determination dates if each underlier is at or above its call threshold (100% of initial level); early redemption returns principal plus the contingent coupon. At maturity, if any underlier is below its downside threshold (70% of initial level), payment equals principal multiplied by the performance factor of the worst performing underlier, exposing investors to potential loss of principal down to zero. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced $40,245,000 of Digital S&P 500® Index-Linked Notes due November 8, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and are principal-at-risk; payment at maturity depends on the S&P 500® Index performance from the Trade Date: May 8, 2026 to the Determination Date: November 4, 2027.

For each $1,000 Face Amount, holders receive the Maximum Settlement Amount of $1,133.60 if the Final Underlier Level is ≥ 90% of the Initial Underlier Level (Threshold Level: 6,659.037). If the Final Underlier Level is 90%, the payment declines pro rata and investors could lose some or all principal. The estimated value on the Trade Date was $985.80; price to public per note was $1,000 (agent commission $11.10 per note).

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due May 22, 2031 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a $1,000 stated principal and an annual contingent coupon of 11.75%, payable only if the underlier meets observation-date barriers.

The notes feature a 15% buffer (buffer level = 85% of initial level), a coupon barrier at 70% of initial, and an automatic early redemption trigger at 90% of initial. Estimated value on the pricing date was approximately $938.30 per security. All payments are subject to Morgan Stanley’s credit risk.