MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering structured, principal‑at‑risk, contingent‑coupon auto‑callable securities due March 21, 2029, fully guaranteed by Morgan Stanley. Each security has a stated principal of $1,000 and the aggregate offering is $500,000. The securities pay a contingent coupon at an annual rate of 14.25% but only when the closing level of both underliers (Adobe and Microsoft) meets or exceeds their coupon barrier levels on observation dates. The notes may be automatically redeemed early beginning with the redemption determination date of September 16, 2026. If not redeemed, payment at maturity depends on the worst performing underlier versus a downside threshold of 60% of the initial level; investors bear full downside exposure and receive no upside participation. The estimated value at pricing was $978.40 per security and the issue price is $1,000 (agent commission $2.50 per security). All payments are subject to Morgan Stanley’s credit risk and U.S. federal income tax treatment is described as uncertain.

Morgan Stanley Finance LLC is offering Principal at Risk contingent income, memory auto-callable securities with an aggregate principal amount of $266,000 (stated principal amount $1,000 per security). The securities pay a contingent coupon of 9.90% per annum, are automatically callable if the underlier meets a call threshold of 2,204.82 (90% of the initial level), and mature on March 27, 2031 with downside exposure if the final level is below the downside threshold of 1,469.88 (60% of the initial level). Terms reference the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, include a coupon barrier at 1,714.86 (70% of the initial level), and note an estimated value on the pricing date of $914.00 per security. All payments are subject to the issuer’s and guarantor’s credit risk and the offering includes agent commissions of $41.50 per security.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities with an aggregate principal amount of $1,125,000 (stated principal amount $1,000 per security), fully and unconditionally guaranteed by Morgan Stanley. The securities reference the S&P 500® Index and mature on September 28, 2027.

Key economic terms include a 200% leverage factor on upside returns subject to a $1,105.50 maximum payment per security, an 80% buffer level (20% buffer), and a 20% minimum payment at maturity. The initial level was 6,581.00 as of March 23, 2026, the estimated value on pricing date was $964.90 per security, and the agent received a $22.50 sales commission per security.

Morgan Stanley Finance LLC offers principal-at-risk Structured Investments due May 13, 2027, fully guaranteed by Morgan Stanley. Each note has a stated principal of $1,000, an upside payment of $112 (11.20%) payable if the worst performing underlier is at or above its downside threshold on the observation date, and a downside where losses track 1% for each 1% decline in the worst performing underlier (70% downside threshold). The securities reference the Russell 2000® and S&P 500® indices, have a pricing and strike date of April 10, 2026, an original issue date of April 15, 2026, an observation date of May 10, 2027, and mature on May 13, 2027. Estimated pricing value on the pricing date is approximately $985.60. All payments are subject to Morgan Stanley’s credit risk; investors can lose some or all principal.

Morgan Stanley Finance LLC priced a $12,000,000 aggregate offering of Dual Directional Auto-Callable Buffered PLUS notes due March 28, 2028, issued at a stated principal amount of $1,000 per security and an issue price of $1,000 per security.

The securities reference the Russell 2000® Index, carry an automatic early redemption feature with an early redemption payment of $1,100.20 if the index on the first determination date (3/30/2027) is at or above the initial index value determined on the pricing date (March 23, 2026), and provide payoff mechanics at maturity that include a 10% buffer and a minimum payment of $100 per security. Investors face downside exposure beyond the 10% buffer and may lose up to 90% of principal; estimated value on the pricing date was $956.90 per security.

Morgan Stanley Finance LLC offers structured, principal-at-risk notes fully and unconditionally guaranteed by Morgan Stanley that mature on August 25, 2027. Each note has a $1,000 stated principal amount, a fixed $140 upside payment (14%) if the worst performing underlier is at or above its 75% buffer, a 25% buffer and a downside factor of 1.3333 applied to declines of the worst performing underlier beyond the buffer. The securities pay no interest, may return less than principal (potentially zero) and are linked to the worst performing of the NDXE Equal Weighted Index, Russell 2000 Index and XLP ETF. Pricing and strike dates are March 31, 2026 with original issue date April 6, 2026. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is issuing Principal at Risk Securities due March 24, 2031, fully guaranteed by Morgan Stanley. The offering totals $2,885,000 in aggregate principal at an issue price of $1,000 per security and an estimated value on the pricing date of $903.50 per security.

The securities pay a contingent coupon at an annual rate of 11.15% on specified coupon payment dates only if the closing level of the S&P® 500 Futures 40% Intraday 4% Decrement VT Index is ≥ the coupon barrier level (1,481.034, 60% of the initial level). The initial/strike level is 2,468.39. If not automatically redeemed, maturity payment is the stated principal if the final level ≥ downside threshold (1,481.034); otherwise payment = principal × (final level / initial level), which could be significantly less or zero.

Morgan Stanley Finance LLC prices a series of principal-at-risk structured notes. The offering is for notes with a stated principal amount of $1,000 per security (aggregate $10,000,000) issued at $1,000 on an original issue date of March 26, 2026. The notes mature on March 23, 2028 and reference a 2-component equity basket (MSCI EAFE 70% / MSCI Emerging Markets 30%) with an initial level of 100, a buffer level of 80 (20% buffer) and a participation rate of 100%. If the basket closing level on the first determination date (subject to postponement) is ≥ the call threshold (100), the notes auto-redeem on the early redemption date for $1,123.50 per security. If not called, maturity payments depend on final performance and may result in losses beyond the buffer, subject to a minimum payment at maturity of 20% of principal. All payments are unsecured and guaranteed by Morgan Stanley and remain subject to issuer credit risk.

Morgan Stanley Finance LLC offers Trigger PLUS principal‑at‑risk notes linked to the S&P 500® Futures Excess Return Index. Each security has a $1,000 stated principal amount and an original issue price of $1,000. The securities mature on April 4, 2033 with an observation date of March 30, 2033.

The notes provide a 255% leverage factor for upside: at maturity investors receive the stated principal plus 255% of any index appreciation. A downside threshold is set at 70% of the initial level: if the final level falls below that threshold, investors suffer a pro rata loss of principal (1% loss for each 1% decline), and the securities could pay zero.

The estimated value on the pricing date was approximately $956.00 per security. All payments are subject to issuer and guarantor credit risk, and the securities do not pay interest or guarantee return of principal.