MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Principal at Risk structured notes called Buffered Jump Securities with Auto-Callable Feature linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. The offering is for $1,000 per security with an aggregate principal amount of $2,659,000. The securities may be automatically redeemed on specified determination dates beginning May 11, 2027 for fixed early redemption payments that imply approximately a 19.50% per annum return. If not called, maturity occurs on May 13, 2031 with payoff mechanics: $1,975.00 if the final level is at or above the call threshold, return of principal if the final level is at or above the buffer level, and a pro rata principal loss beyond the 15% buffer down to a minimum payment of 15% of principal. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced $1,858,000 of structured Buffered Participation Securities due May 13, 2031, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount, an estimated value on the pricing date of $957.10, a 20% buffer, a 100% participation rate and a maximum payment at maturity of $1,800 per security.

The payout depends on a calculated basket performance factor across three basket components (EFA ETF, S&P 500® Futures Excess Return Index, Russell 2000® Index) with dynamic weightings (60%/30%/10% by relative performance). Payments at maturity can return principal plus upside capped at the maximum, return only principal if losses do not exceed the buffer, or reduce principal dollar-for-dollar for losses beyond the buffer, subject to a minimum payment of 20% of principal. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, Contingent Income Memory Buffered Auto-Callable Securities linked to Broadcom Inc. The securities have a $1,000 stated principal amount, a pricing/strike date of May 15, 2026, an original issue date of May 20, 2026, and mature on June 3, 2027. The securities pay a contingent coupon (annual rate of at least 20.56% as described) only if the closing level of the underlier meets the coupon barrier (set at 75% of the initial level) on observation dates. The securities feature automatic early redemption on specified determination dates beginning August 28, 2026, a buffer of 25% and a downside factor of 1.3333, so that if the final level is below the buffer investors lose 1.3333% of principal for each 1% decline beyond the buffer. Estimated value on the pricing date is approximately $984.80 per security; agent commission is $10 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk structured securities due July 2, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an upside payment of $86.50 ( 8.65% ) if both underliers finish at or above their downside thresholds.

The securities are linked to the worst performing of the Dow Jones Industrial Average and the S&P 500 with an observation date of June 29, 2027. If the final level of either underlier is below its downside threshold (70% of its initial level), payment equals the stated principal times the performance factor of the worst performing underlier, and could be significantly less than the stated principal or zero. The estimated value on the pricing date is approximately $988.70 per security.

Morgan Stanley Finance LLC is offering Principal at Risk securities due June 11, 2027 backed by Morgan Stanley. The offering is for $1,050,000 aggregate principal at a $1,000 stated principal amount per security. Investors receive $114 upside payment (11.40%) at maturity only if the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 is at or above its 70% downside threshold on the observation date. If the worst performing underlier falls below its downside threshold, payment equals principal times that underlier's performance factor, exposing investors to full loss of principal; there is no interest and no minimum payment. All payments are subject to Morgan Stanley credit risk and the estimated value on pricing date was $988.80 per security.

The Preliminary Pricing Supplement describes a structured note offering: Buffered PLUS with Downside Factor linked to the S&P 500® Index, issued by Morgan Stanley Finance LLC and guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and matures on June 16, 2027. The notes provide 150% leveraged upside subject to a $1,138 maximum payment per note and a 10% downside buffer (buffer level 6,671.556). If the final index level is below the buffer, investors lose 1.1111% of principal for each 1% decline beyond the buffer and may lose their entire principal. The estimated value on the pricing date is approximately $987.80 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS securities due June 22, 2029, unsecured notes fully and unconditionally guaranteed by Morgan Stanley that provide leveraged upside tied to the worst performing of the Dow Jones Industrial Average and the S&P 500.

The securities have a $1,000 stated principal amount and an issue price of $1,000. The leverage factor is 119.55%, the buffer is 20% (buffer level = 80% of initial level), the minimum payment at maturity is 20% of principal, the observation date is June 18, 2029 and maturity is June 22, 2029. The estimated value on the pricing date was approximately $985.80 per security. The securities pay no interest and expose holders to issuer credit risk and full downside beyond the buffer.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Buffered Jump Securities linked to the S&P 500® Index, fully and unconditionally guaranteed by Morgan Stanley. The securities have a stated principal of $1,000 per security, an estimated value on the pricing date of $984.70, an upside payment of at least $90.50 (9.05%) and a buffer equal to 10% of the initial index level. If the final level is below the buffer, investors lose 1.1111% of principal for each 1% decline beyond the buffer; there is no minimum payment at maturity. Commissions of up to $10 per security reduce issuer proceeds to $990 per security.

Morgan Stanley Finance LLC is offering Principal at Risk notes due May 20, 2031, fully guaranteed by Morgan Stanley, linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement Index. The stated principal amount is $1,000 per security and the original issue price is $1,000. The securities pay a contingent coupon at an annual rate of 10.25% only if the underlier meets the coupon barrier on observation dates. An automatic early redemption feature may return principal plus any payable contingent coupon if the underlier meets the call threshold on a redemption determination date. If not redeemed, maturity payment depends on the final level relative to an 85% buffer level; losses apply 1% per 1% decline beyond the buffer, subject to a 15% minimum payment. Estimated value on the pricing date was approximately $901.60 per security. All payments are subject to issuer and guarantor credit risk. Timing, aggregate offering size and dealer commissions are not provided in the excerpt.