MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a structured note offering called Dual Directional Buffered PLUS tied to the S&P 500 Index. The offering totals $3,497,000 in $1,000 denominations, with an original issue price of $1,000 and an estimated value on the pricing date of $994.40 per security. Each security provides 300% leveraged upside subject to a cap of $1,222.50 (122.25% of principal), a 10% buffer, and a minimum payment at maturity of 10% of principal. The securities pay no interest, are unsecured obligations of MSFL, are fully guaranteed by Morgan Stanley, and expose holders to issuer credit risk, potential significant principal loss if the index falls below the buffer, limited upside by the cap, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC priced auto-callable Principal at Risk notes linked to the EURO STOXX 50® and STOXX® Europe 600 indices. The offering totals $1,874,000 at a $1,000 issue price per security with an estimated value of $937.50 on the pricing date. The notes have a May 5, 2026 issue date, a first automatic early redemption determination on May 7, 2027 (early redemption payment $1,180), and mature on May 6, 2031. Payment at maturity depends on the worst performing underlier, a 150% participation rate for upside and a 70% downside threshold; principal can be lost if the worst underlier falls below its downside threshold.

Morgan Stanley Finance LLC is offering leveraged, buffered S&P 500® index-linked notes (the “PLUS”), fully guaranteed by Morgan Stanley, using a preliminary pricing supplement dated May 4, 2026. Each note has a Face Amount of $1,000. The notes provide 300% upside participation subject to a Cap Level expected between 104.99% and 105.85%, a Buffer Level of 90.00% (Buffer Amount 10.00%), and a Maximum Settlement Amount expected between $1,149.70 and $1,175.50 per $1,000 face amount. If the Final Underlier Level is below the Buffer Level, investors bear downside and could lose some or all principal. The estimated value on the Trade Date is approximately $984.70 per note; the price to public is $1,000 per note with agent commissions of $10.70, yielding proceeds to the issuer of $989.30 per note. The expected term is between 16 and 19 months from the Trade Date; final economic terms, Initial Underlier Level, Determination Date and Stated Maturity Date will be set on the Trade Date.

Morgan Stanley Finance LLC priced Principal-at-Risk structured notes linked to the worst performing of XLE, RTY and XLK with an aggregate principal amount of $1,652,000.

Each security has a $1,000 stated principal amount and was issued at $1,000 with an estimated value on the pricing date of $983.50. The notes pay no interest; if the worst performing underlier is at or above a downside threshold (75% of initial), holders receive principal plus an $181 upside payment (18.10%). If the worst performing underlier is below its downside threshold, payment equals principal × performance factor of the worst performing underlier, and investors may lose part or all of their principal. Observation date is June 1, 2027 and maturity is June 4, 2027.

Morgan Stanley Finance LLC offers principal-at-risk, auto-callable notes due May 5, 2031 that are fully guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and an issue price of $1,000 per security; the estimated value on the pricing date was $938.30. The underlier is the S&P® 500 Futures 40% Intraday 4% Decrement VT Index with an initial level of 3,189.99. If the closing level on the first determination date (May 4, 2027) is at or above the call threshold (3,189.99), the securities will be automatically redeemed on May 7, 2027 for an early redemption payment of $1,255 per security. If not auto‑redeemed, at final determination (April 30, 2031) investors may receive: principal plus an upside payment (participation rate 330%) if the final level exceeds the initial level; principal only if the final level is between the initial level and the downside threshold (1,594.995, 50% of initial level); or a loss pro rata if the final level is below the downside threshold. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. The aggregate principal amount is $100,000 and the issue price is $1,000 per security. The securities pay no interest, have a stated principal of $1,000 and an upside payment of $475 per security (47.50%). If the final level of any underlier is below its 70% downside threshold, investors lose 1% for each 1% decline in the worst performing underlier; there is no minimum payment and principal could be lost. All payments are unsecured and subject to Morgan Stanley credit risk. The estimated value on the pricing date is $979.10 per security.

Morgan Stanley Finance LLC is offering Trigger Jump Securities linked to the common stock of Amazon.com, Inc.. Each security has a stated principal of $1,000 and matures on November 3, 2027. If the final share price is greater than or equal to the initial share price ($265.06), holders receive $1,000 plus an upside payment of $338.40 (33.84%). If the final share price is between 80% of the initial price and the initial price (downside threshold = $212.048), holders receive $1,000. If the final share price is below the downside threshold, the maturity payment equals $1,000 × (final/initial share price), which may be less than $800 or zero. The valuation date is October 29, 2027. Aggregate principal issued is $14,572,000; estimated value on the pricing date was $975.00 per security. The securities pay no interest, are unsecured obligations of MSFL, are guaranteed by Morgan Stanley, and expose investors to credit and market risk, including potential loss of principal.

Morgan Stanley Finance LLC priced an Auto-Callable Trigger PLUS due May 5, 2031, a principal-at-risk note fully guaranteed by Morgan Stanley tied to a basket of five indices. The offering totals $3,330,000 at a stated principal amount of $1,000 per security and an original issue price of $1,000. The securities may be automatically redeemed following the first determination date (5/7/2027) for an early redemption payment of $1,150 per security. If not redeemed, maturity payoffs depend on the final basket value: upside participation of 161.50% of basket appreciation above the initial basket value, full return of principal if the final basket value is at or above 75% of the initial basket value, and 1-to-1 exposure below that threshold (potentially losing most or all principal). The estimated value on the pricing date was $961.20 per security; all payments are subject to issuer credit risk.

Morgan Stanley Finance LLC is offering leveraged, buffered S&P 500® Index‑linked notes (fully and unconditionally guaranteed by Morgan Stanley) pursuant to a preliminary pricing supplement dated May 4, 2026. Each note has a Face Amount of $1,000 and an estimated value on the Trade Date of approximately $980.40. The notes pay no interest and return at maturity is linked to the S&P 500 Index return from the Trade Date to the Determination Date (expected between 17 and 20 months after the Trade Date).

Key economic terms disclosed include an Upside Participation Rate of 150%, a Buffer Level of 90.00% (10.00% buffer), an expected Cap Level between 110.68% and 112.53% of the Initial Underlier Level, and a Maximum Settlement Amount expected between $1,160.20 and $1,187.95 per $1,000 Face Amount. If the Final Underlier Level is below the Buffer Level, investors will suffer a pro rata loss of principal; there is no guaranteed minimum payment. All payments are subject to issuer credit risk and the Calculation Agent (MS & Co.) has discretionary determinations for certain events.