MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced a contingent-income, principal-at-risk note tied to Blackstone Inc. common stock with a stated principal of $1,000 per security and aggregate principal amount of $970,000. The securities pay a 14.35% annual contingent coupon on scheduled coupon dates only if the underlier meets the coupon barrier and feature automatic early redemption if the underlier meets the call threshold on any redemption determination date. If not called, maturity pays full principal only if the final level is at or above the downside threshold; otherwise investors suffer a pro rata principal loss (performance factor = final level/initial level). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC priced Principal at Risk structured notes — auto‑callable buffered jump securities — with an aggregate principal amount of $1,238,000 and a stated principal amount of $1,000 per security. The securities pay no regular interest, include a 15% buffer and a minimum payment at maturity of 15% of principal. Automatic early redemption applies on specified determination dates if the underlier meets the call threshold level (1,002.43), producing fixed early redemption payments up to $1,880 per security on the fourth scheduled call. If not called, maturity payoffs range from $2,100 (if final level >= call threshold) to a principal loss formula if the final level is below the buffer. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to the issuer's credit risk.

Morgan Stanley Finance LLC priced a structured-note offering of Variable Income Memory Auto-Callable Notes, fully guaranteed by Morgan Stanley, with an aggregate principal amount of $844,000 issued at $1,000 per note. The notes pay a variable coupon (0.25% lower / 8.00% higher) tied to the worst-performing stock of PLTR, MU, APP, TSLA and ORCL, include automatic early redemption mechanics beginning March 29, 2027, and mature on April 1, 2031. The estimated value on the pricing date was $930.30 per note; agent commissions are $40 per note, leaving proceeds to the issuer of $810,240.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due April 5, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an estimated value on the pricing date of approximately $957.60.

The notes are linked to the worst performing of three ETFs (KRE, GDX, TLT). They feature automatic early redemption opportunities with fixed early redemption payments (examples range from $1,051.25 to $1,187.917 per $1,000 stated principal) and a fixed capped payment of $1,205 at maturity if each underlier meets its upside threshold. If the worst performing underlier falls below its downside threshold, investors lose proportionally and could lose their entire principal. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced structured, principal-at-risk, auto-callable notes due April 1, 2030 linked to the worst-performing of the S&P 500, Russell 2000 and EURO STOXX 50. The securities were issued at $1,000 per security (aggregate $10,189,000) with an estimated value on the pricing date of $954.60. Automatic early redemption can begin on the first determination date March 31, 2027, producing fixed early redemption payments (first payment $1,126.00). At maturity investors receive either a fixed positive payment (up to $1,504), the stated principal, or a loss equal to the decline of the worst-performing underlier (1% loss per 1% decline below the 60% downside threshold), and all payments are subject to issuer/guarantor credit risk.

Morgan Stanley Finance LLC priced a $3,643,000 offering of structured, principal‑at‑risk notes (stated principal $1,000 each) linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. The securities pay no interest, carry a 15% buffer and auto‑call on specified determination dates if the underlier meets a 90% call threshold (initial level 1,224.96; buffer level 1,041.216). Early redemption payments rise across serial determination dates (first determination date February 17, 2027), and maturity (February 19, 2031) payments depend on final level relative to the call threshold and buffer, with a 15% minimum payment at maturity. Estimated value at issuance was $911.20 and MS&Co. received $41.50 commission per security.

Morgan Stanley Finance LLC priced a primary offering of structured, principal‑at‑risk notes fully guaranteed by Morgan Stanley with an aggregate principal amount of $772,000 and a stated principal amount of $1,000 per security. The securities pay a contingent annual coupon of 13.00% on each coupon payment date only if the S&P® 500 Futures 40% Intraday 4% Decrement VT Index closes at or above the coupon barrier on the related observation date. If the final level on the final observation date is below the downside threshold (50% of the initial level), the payment at maturity equals the stated principal multiplied by the performance factor and could be significantly less than, or equal to, zero. All payments are subject to the issuer’s and guarantor’s credit risk. Observation dates begin March 20, 2026 and conclude on the final observation date February 20, 2031, with maturity on February 25, 2031.

Morgan Stanley Finance LLC amends Pricing Supplement No. 13,404 describing Dual Directional Trigger Jump Securities due January 25, 2029, fully and unconditionally guaranteed by Morgan Stanley.

The securities are principal‑at‑risk notes linked to the worst performing of the Russell 2000, Dow Jones Industrial Average and Nasdaq‑100. Each security has a stated principal amount of $1,000, an upside payment of $359 (35.90%), an estimated value on the pricing date of $978.90, and an aggregate principal amount offered of $250,000. Key payoff mechanics: full principal plus upside payment if all underliers finish at or above initial levels; a capped positive return (up to 30%) if the worst performing underlier declines but stays at or above its 70% downside threshold; and pro rata principal loss equal to the percentage decline of the worst performing underlier if it finishes below its 70% threshold, with no minimum payment at maturity.

Morgan Stanley Finance LLC is offering Structured Investments: Contingent Income Memory Auto-Callable Securities linked to the Class A common stock of Dave Inc. The offering is $500,000 aggregate with a $1,000 stated principal per security and an estimated pricing-date value of $951.80 per security. The notes pay a contingent coupon at an annual rate of 26.40% subject to observation-date barriers, feature automatic early redemption if the underlier closes at or above the call threshold $190.40 on a redemption determination date, and repay principal at maturity only if the final level is at or above the downside threshold $95.20 (50% of initial level). If the final level is below that threshold, payment at maturity equals the stated principal multiplied by the performance factor (final level/initial level), which could result in significant principal loss or zero return. All payments are unsecured and subject to Morgan Stanley credit risk. Coupon observation and redemption determination dates run from April 2026 through April 2027, with maturity on April 27, 2027.