MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers Principal-at-Risk auto-callable notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with an aggregate principal amount of $1,287,000 and a $1,000 stated principal amount per security. The securities pay a contingent annual coupon of 8.00% on scheduled coupon dates only if the underlier’s closing level on each observation date is at or above the coupon barrier level (1,892.083, ~55% of the initial level). The notes may be automatically redeemed early if the underlier closes at or above the call threshold (2,820.923, 82% of the initial level) on any redemption determination date, in which case holders receive the stated principal plus any payable contingent coupons. At maturity, if the final level is below the downside threshold (1,892.083), principal is reduced pro rata by the performance factor (final level / initial level) and could be zero. All payments are subject to issuer and guarantor credit risk; estimated value on the pricing date was $907.30 per security and the issue price was $1,000 per security.

Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due November 12, 2027 with a 1-year initial non-call period. The aggregate principal offered is $550,000 and each security has a stated principal of $1,000.

The securities pay a 25.30% annual contingent coupon (approximately $126.50 per semi-annual period) only if the determination closing price of each underlying stock (Micron, Amazon, Applied Materials) is at or above its 50% downside threshold on an observation date. If any underlying stock is below its downside threshold at any observation date, no coupon is paid for that period; missed coupons may be paid later only if all three underliers are at or above their thresholds on a subsequent observation date. If not redeemed, at maturity investors either receive principal plus any payable contingent coupons if all final prices are at or above the downside thresholds, or a principal payment reduced 1-to-1 by the share performance factor of the worst-performing underlying (potentially less than 50% or zero).

Morgan Stanley Finance LLC priced $1,165,000 aggregate principal of principal-at-risk, auto-callable notes fully and unconditionally guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and $1,000 issue price per security and an estimated value $975.90 on the pricing date.

The notes reference a weighted basket (MSCI EAFE, MSCI Emerging Markets, S&P 500 Futures Excess Return), have a 300% participation rate, a downside threshold of 70% and automatic early redemption on the first determination date if the underlier is >= the call threshold. First determination date: May 7, 2027; early redemption payment: $1,100; maturity date: May 9, 2031. Payments are subject to issuer credit risk and principal can be lost.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable securities due April 5, 2030 that are fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an aggregate principal amount of $365,000. The securities pay no interest and may be automatically redeemed on the first determination date (April 6, 2027) for an early redemption payment of $1,200 if the closing level of each underlier is at or above its call threshold. If not called, maturity payment depends on the worst performing underlier: investors may receive the principal plus an 310% participation in upside, the stated principal only, or a reduced principal equal to the performance factor of the worst performing underlier (which could result in a total loss). Estimated value on the pricing date was $974.50 per security. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC prices Callable Jump Notes due April 3, 2031 linked to the worst performing of the Russell 2000® and S&P 500® indices.

The notes have a $1,000 stated principal amount, an aggregate principal amount of $1,026,000, an original issue date of April 6, 2026, a strike/pricing date of March 31, 2026 and an observation date of March 31, 2031. The notes pay no regular interest, provide a fixed redemption payment schedule if called (first redemption date April 12, 2027), and at maturity pay the stated principal plus an upside payment equal to the stated principal times the participation rate of 100% multiplied by the percent change of the worst performing underlier, provided both underliers finish above their initial levels; otherwise only the stated principal is payable.

All payments are subject to Morgan Stanley and MSFL credit risk; the estimated value on the pricing date was $954.60 per note and the issuer bears distribution, structuring and hedging costs included in the $1,000 issue price.

Morgan Stanley Finance LLC priced $338,000 aggregate principal of market-linked notes due May 9, 2031, linked to the S&P 500® Index. The notes pay no periodic interest, return the $1,000 stated principal at maturity if the final level is equal to or below the initial level, and otherwise pay a participation-based upside subject to a $1,447.50 maximum payment per note.

Payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; all payments remain subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Dual Directional Buffered PLUS notes linked to the worst performing of the Dow Jones Industrial Average, Russell 2000 and S&P 500. The offering is for $5,300,000 aggregate principal in denominations of $1,000 each with an original issue price of $1,000 per security and an estimated value on the pricing date of $970.80 per security. The securities mature on November 12, 2027 and pay no interest; returns depend on the worst performing underlier with a 10% buffer, a 132.50% leverage factor on upside, a 100% absolute return participation rate and a minimum payment at maturity of 10% of principal. All payments are subject to issuer and guarantor credit risk and the securities are fully and unconditionally guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC priced contingent income auto-callable securities linked to the worst-performing of Micron Technology, Apple and Applied Materials. The offering is for an aggregate principal amount of $500,000 in $1,000-denominated securities, issued at $1,000 each on May 11, 2026 with maturity on November 12, 2027.

The securities pay a contingent semi-annual coupon at an annual rate of 25.60% (approximately $128 per semi-annual period) only if each underlying stock closes at or above its 50% downside threshold on specified observation dates. Automatic early redemption can occur semi-annually beginning on May 11, 2027 if each underlying stock meets its 100% redemption threshold. If any underlying stock is below its downside threshold at final observation, investors suffer the full loss of the worst-performing stock on a 1-to-1 basis; payments at maturity can be less than 50% of principal or zero. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a contingent income, buffered auto-callable note program guaranteed by Morgan Stanley. The offering is for $1,370,000 aggregate of $1,000-denominated securities with an estimated value of $990 per security on the pricing date. The notes pay a contingent coupon at an annual rate of 6.75% on each coupon payment date only if the S&P 500 closing level on the related observation date is at or above the coupon barrier (75% of the initial level). The securities may be automatically redeemed early if the S&P 500 is at or above the call threshold (100% of initial level) on a redemption determination date. At maturity, if not redeemed, investors receive principal only if the final level is at or above the buffer (85% of initial level); otherwise payments reflect losses beyond the 15% buffer, subject to a 15% minimum payment.