MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced structured, principal‑at‑risk, auto‑callable notes linked to the worst performing of the Dow Jones Industrial, Nasdaq‑100 and S&P 500. The securities have a $1,000 stated principal amount, an issue price $1,000, an estimated value $946.40 on the pricing date and mature on May 3, 2030.

The notes auto‑redeem if each index is at or above its call threshold on the first determination date (May 4, 2027) for an early redemption payment of $1,129. If not auto‑redeemed, maturity payoffs depend on the worst performing index: investors may receive the principal plus an upside payment (participation rate 150%), only principal, or a reduced principal that falls 1% for each 1% the worst index declines below its downside threshold (70% of initial). All payments are subject to Morgan Stanley and MSFL credit risk.

Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to the S&P 500® and Russell 2000®, issuing $1,000 stated principal per security with an aggregate principal amount of $1,203,000. The securities pay no interest and expose investors to the performance of the worst performing underlier; maturity is May 5, 2031 and the observation date is April 30, 2031. The estimated value on the pricing date was $951.90 per security and the stated upside payment is $460 (46% of principal). Payments at maturity depend on whether each underlier is at or above its initial level, between its initial level and a ~75% downside threshold, or below that threshold; losses can be substantial and could result in a complete loss of principal. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced Principal at Risk notes (Structured Investments Enhanced Trigger Jump Securities) linked to the worst performing of the iShares MSCI EAFE ETF and the Russell 2000 Futures Excess Return Index. Each security has a $1,000 stated principal amount, a fixed upside payment of $515 (51.50%) if both underliers finish at or above 65% of their initial levels, and otherwise suffers principal loss equal to the percentage decline of the worst performing underlier. The securities mature May 6, 2031 and are fully and unconditionally guaranteed by Morgan Stanley. Estimated value on the pricing date was $978.60 per security; issue price was $1,000. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a series of Trigger PLUS principal-at-risk securities due May 5, 2031, fully guaranteed by Morgan Stanley, linked to the worst performing of the Dow Jones Industrial Average and the S&P 500 Index. The offering consists of securities with a stated principal amount of $1,000 per security and an aggregate principal amount of $2,139,000. Each security pays no interest and provides a 141% leveraged upside if the worst performing underlier finishes above its initial level. If the worst performing underlier finishes between its initial level and its downside threshold (70% of the initial level), investors receive the stated principal amount at maturity. If the worst performing underlier finishes below the downside threshold, investors lose 1% of principal for every 1% decline in that underlier; the payment could be significantly less than the stated principal and may be zero. All payments are subject to the issuer’s and guarantor’s credit risk. The pricing date and strike date were April 30, 2026, the observation date is April 30, 2031 (subject to postponement), and the original issue date is May 5, 2026. The estimated value on the pricing date was $978.20 per security.

Morgan Stanley Finance LLC priced Dual Directional Trigger PLUS notes due May 3, 2029 with a stated principal amount of $1,000 per security and aggregate principal of $158,000. The securities reference the worst performing of the Dow Jones Industrial, Nasdaq-100 and Russell 2000 indices and feature a 200% leverage factor, an absolute return participation feature and a downside threshold at 70% of each initial index level. At maturity investors receive either: (1) principal plus leveraged upside (capped at $1,587.50 per security) if all final levels exceed initial levels; (2) principal plus a capped positive return tied to the absolute decline of the worst underlier if each final level is >= the 70% downside threshold; or (3) a principal amount reduced pro rata to the worst performing underlier if any final level is below its downside threshold, with no minimum payment. All payments are subject to issuer and guarantor credit risk; estimated value on pricing date was $975.90 per security and the issue price is $1,000.

Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes due May 3, 2030 linked to the worst performing of the Nasdaq-100® Technology Sector and the Russell 2000®. The offering aggregates $1,548,000 at a stated principal amount of $1,000 per security.

At maturity the payment depends on the worst performing underlier on the observation date. Upside: investors receive principal plus 142% of appreciation. If the worst underlier falls but remains at or above 70% of its initial level, investors receive principal plus a capped positive return based on a 50% participation rate. If the worst underlier is below 70% of its initial level, investors lose principal on a 1:1 basis and could lose the entire investment. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced principal-at-risk Jump Securities linked to the worst performing of the S&P 500® and Russell 2000®. The notes have a $1,000 stated principal amount, 150% participation rate, automatic early redemption on May 4, 2027 (first determination date) for an $1,180 early redemption payment, and maturity on May 3, 2029. Payments depend on the worst performing underlier; a final shortfall below the 70% downside threshold can cause losses of up to the entire principal. All payments are subject to the credit risk of Morgan Stanley and MSFL.

Morgan Stanley Finance LLC is offering Trigger Jump Securities linked to the S&P 500® Index due August 4, 2027. Each note has a $1,000 stated principal amount and pays no interest. If the index is flat or higher at the valuation date, holders receive $1,000 plus an $116 upside payment (11.60%). If the final index value is between 80% and 100% of the initial index value, holders receive $1,000. If the index declines by more than 20%, the maturity payment equals $1,000 multiplied by the index performance factor and may be less than $800 or zero. The offering aggregates $8,585,000; estimated value on the pricing date was $972.10 per security. Payments are unsecured obligations of MSFL and are fully guaranteed by Morgan Stanley; all payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced and issued Principal at Risk contingent income auto-callable securities linked to Meta Platforms, Inc. Class A common stock, with a stated principal amount of $1,000 per security and an aggregate principal amount of $2,507,000. The securities pay an 11.50% annual contingent coupon on each observation date only if the closing level of the underlier is >= the coupon barrier level ($416.099, ~68% of the initial level). The securities can be automatically redeemed early if the underlier’s closing level on a redemption determination date is >= the call threshold ($611.91, 100% of the initial level), producing an early redemption payment of the stated principal plus the contingent coupon for that interest period. If not redeemed, maturity payment is the stated principal if the final level is >= the downside threshold ($416.099); if the final level is below that threshold, payment at maturity equals the stated principal multiplied by the performance factor (final level / initial level), exposing investors to full downside (losses could be the entire principal). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to Morgan Stanley's credit risk.