MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a contingent income auto-callable note offering linked to the worst performing of the Dow Jones Industrial Average, EURO STOXX 50® and Russell 2000®. The notes have a stated principal amount of $1,000 per security (aggregate $100,000), an original issue date of March 31, 2026 and maturity on March 29, 2029. The securities pay a contingent coupon of 9.00% per annum only if on each observation date every underlier is at or above its coupon barrier (80% of initial). The notes are automatically redeemed early if, on a redemption determination date, each underlier is at or above its call threshold (100% of initial). At maturity, if the worst performing underlier is below its downside threshold (70% of initial), principal is reduced pro rata by the worst underlier's performance and could be zero. All payments are subject to Morgan Stanley's credit risk; estimated value on the pricing date was $933.80 per security.

Morgan Stanley Finance LLC priced callable buffered jump securities linked to the S&P 500® Futures Excess Return Index. The offering totals $1,566,000 of securities at a $1,000 stated principal per security and an estimated value of $922.40 on the pricing date. The notes feature a 15% downside buffer, a 195% participation rate for upside, a minimum payment at maturity of 15% of principal, and a call feature allowing issuer redemption at preset cash amounts on periodic dates prior to maturity.

Morgan Stanley Finance LLC priced a contingent-income, buffered auto-callable note due April 1, 2031, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an aggregate offering of $1,000,000. The securities pay a contingent coupon of 11.45% per annum on observation dates when the underlier’s closing level is at or above the coupon barrier (80% of initial level), are automatically redeemed if the underlier closes at or above the call threshold (100% of initial level) on a redemption determination date, and return principal at maturity only if the final level is at or above the buffer level (80%). If the final level is below the buffer, investors lose 1% of principal for each 1% decline beyond the buffer, subject to a minimum payment of 20% of principal. The underlier is an equally weighted basket of NVDA, PLTR, TSLA and TSM (25% each). All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC priced Principal-at-Risk Buffered Jump Securities due March 31, 2031, fully guaranteed by Morgan Stanley. The securities were issued at $1,000 per security with an aggregate principal amount of $188,000 and an estimated value on the pricing date of $901.70.

The notes are linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with an initial and call threshold level of 1,044.94 and a buffer level of 835.952 (80% of initial). Automatic early redemption may occur on scheduled determination dates starting March 30, 2027, with fixed early redemption payments that correspond to approximately 15.75% per annum. If not called, maturity payoffs depend on final index performance: full fixed positive payoff if final level ≥ call threshold, return of principal if final level ≥ buffer, or principal reduced 1% for each 1% decline beyond the buffer, subject to a minimum payment of 20% of principal.

Morgan Stanley Finance LLC priced Structured Investments Step-Up Jump Notes with an aggregate principal amount of $100,000, issued at $1,000 per note. The notes mature on March 31, 2033, pay no interest, and include an automatic early redemption feature beginning with the first determination date on March 29, 2027. Early redemption payments are fixed per determination date (approximately a 9.35% per annum return if called). If not called, maturity payment equals the stated principal plus any upside when the final level exceeds the initial level (initial level: 1,063.45); otherwise investors receive only the stated principal. Estimated value on the pricing date was $929.60 per note and selected dealers receive a fixed commission of $45 per note. All payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering $265,000 in principal of structured, principal-at-risk notes due September 30, 2027, fully and unconditionally guaranteed by Morgan Stanley. The securities pay a contingent coupon only if the linked underlier, NVIDIA common stock, meets preset observation thresholds and include an automatic early redemption feature. The stated principal per security is $1,000, the issue price is $1,000, and the estimated value on the pricing date was $965.10. If the final level of the underlier is below the downside threshold, holders suffer pro rata principal loss equal to the underlier’s decline; if the final level is at or above the downside threshold, holders receive principal at maturity.

Morgan Stanley Finance LLC priced an offering of $209,000 aggregate principal of Trigger PLUS principal-at-risk securities, fully guaranteed by Morgan Stanley. The notes have a stated principal of $1,000 per security, an estimated pricing-date value of $912.00 per security and mature on March 31, 2031.

The securities pay at maturity based on the S&P 500® Futures Excess Return Index performance with a 172% leverage factor on upside, a downside threshold equal to 70% of the initial level (initial level: 523.68), and no guaranteed minimum payment. Purchases bear an agent commission of $36.25 per security and all payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC priced a structured, principal‑at‑risk note — Buffered Jump Securities with an auto‑callable feature tied to the S&P 500® Index. The offering sizes each security at a $1,000 stated principal amount and aggregates to $1,343,000. The securities pay no regular interest and carry automatic early redemption on the first determination date if the underlier closes at or above the call threshold (the initial level of 6,477.16), producing an early redemption payment of $1,098.80. If not called, maturity payoff depends on index performance: a participation rate of 125% applies to upside; a 10% buffer protects against the first 10% of losses, with losses beyond the buffer passed through dollar‑for‑dollar, subject to a 10% minimum payment at maturity. Estimated value on the pricing date was $966.50 per security; investors bear issuer credit risk, structuring and distribution costs, and tax uncertainty.

Morgan Stanley Finance LLC priced Principal-at-Risk auto-callable notes totaling $3,362,000 linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index. The securities have a $1,000 stated principal amount, an original issue price of $1,000 and an estimated value on the pricing date of $940.90. They pay a contingent coupon at an annual rate of 10.20% only when each underlier is at or above its coupon barrier on specified observation dates, feature automatic early redemption on specified call dates and expose investors to full downside tied to the worst performing underlier (70% downside threshold; 80% coupon barrier; 100% call thresholds). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley; holders bear issuer credit risk.