MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC (guaranteed by Morgan Stanley) is offering Buffered PLUS tied to the KraneShares CSI China Internet ETF due July 26, 2032. Each note has a $1,000 stated principal amount and issue price, a 200% leverage factor on upside subject to a $2,373 cap, a 10% buffer on downside and a $100 minimum payment at maturity.

The pricing date is July 21, 2026 with an original issue date of July 24, 2026. Estimated value on the pricing date is approximately $896.20 (within $46.20). Proceeds are for general corporate purposes and all payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC offers Dual Directional Buffered PLUS notes due July 24, 2029, linked to the S&P 500® Futures Excess Return Index. Each security has a stated principal amount of $1,000 and an original issue price of $1,000; the estimated value on the pricing date was approximately $956.10.

At maturity the payoff is one of three outcomes: (1) if the final level > initial level, investors receive principal plus a 116% leveraged upside on appreciation; (2) if final level ≤ initial but ≥ the 80% buffer level, investors receive principal plus an absolute return based on the absolute decline (capped effectively at 20%); (3) if final level < buffer level, investors lose 1% of principal for each 1% decline beyond the 20% buffer, subject to a 20% minimum payment at maturity. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to credit and market risks.

Morgan Stanley Finance LLC priced callable Contingent Income Securities with a stated principal amount of $1,000 per security that are fully and unconditionally guaranteed by Morgan Stanley. The securities pay a contingent coupon at an annual rate of 10.85% only if, on each observation date, the closing level of each underlier meets or exceeds its coupon barrier (70% of its initial level). The securities are linked to the worst performing of the Russell 2000 Index, the S&P 500 Index and the State Street Financial Select Sector SPDR ETF and mature on January 27, 2028. If not redeemed and the final level of any underlier is below its downside threshold (70% of initial), payment at maturity is the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to full principal loss. The securities are callable in whole on specified monthly redemption dates beginning January 28, 2027 if a risk neutral valuation model indicates redemption is economically rational, and all payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC offers principal-at-risk, contingent income, memory auto-callable securities tied to the common stock of Micron Technology, Inc., fully and unconditionally guaranteed by Morgan Stanley. Stated principal amount is $1,000 per security and the original issue price is $1,000. The securities pay a contingent coupon only when the closing level of Micron meets or exceeds the coupon barrier on observation dates and are subject to automatic early redemption if Micron meets the call threshold on any redemption determination date. If not called, maturity payment returns principal only if the final level is at or above the downside threshold; otherwise payment equals $1,000 × final level / initial level and could be zero. Key dates: strike date July 8, 2026, pricing date July 9, 2026, original issue date July 14, 2026, final observation date July 10, 2028, maturity July 13, 2028. All payments are subject to issuer credit risk.

Morgan Stanley Finance LLC priced Principal-at-Risk callable contingent income securities linked to the worst-performing of Oracle Corporation and Palantir Technologies class A common stock. Stated principal amount is $1,000 per security and the issue price is $1,000. The securities pay a contingent coupon of 51.00% per annum on each coupon payment date only if the closing level of both underliers meets or exceeds their coupon barrier levels on the related observation dates. The securities are callable beginning on July 28, 2027 via an early redemption determined if a risk neutral valuation model indicates redemption is economically rational. If not called, at maturity on July 27, 2028 investors receive principal only if both final levels are at or above their downside threshold (75% of initial); otherwise payment equals principal times the performance factor of the worst performing underlier, which could be substantially less or zero. All payments are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC is offering principal‑at‑risk, contingent‑coupon auto‑callable securities due July 20, 2028. Each security has a stated principal amount of $1,000 and a contingent coupon at an annual rate of 20.10% payable only if the closing level of both underlying stocks meets coupon barrier tests on each observation date. The securities reference the worst performing of Eli Lilly common stock and NVIDIA common stock and are fully and unconditionally guaranteed by Morgan Stanley.

The securities pay interest only when both underliers close above their coupon barrier (60% of initial level) on observation dates, may be automatically redeemed early if both underliers meet a call threshold (100% of initial level) on a redemption determination date, and at maturity repay principal only if both final levels are at or above their downside thresholds (60% of initial level). If the worst performing underlier is below its downside threshold at maturity, principal is reduced pro rata to that underlier's performance and could be zero. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced Dual Directional Trigger PLUS notes that link payoff to the worst performing of the Dow Jones Industrial Average and the S&P 500® Index. Each note has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $984.50. The notes mature on July 26, 2030 with an observation date of July 23, 2030 (strike/pricing date July 23, 2026 and original issue date July 28, 2026). The structure: 130% leverage on upside, a 50% absolute return participation feature if the worst underlier declines but stays at or above a 70% downside threshold, and full downside exposure (1% loss for each 1% decline) if the worst underlier is below its 70% threshold on the observation date. There is no guaranteed minimum payment; payments depend solely on closing levels on the observation date and are subject to Morgan Stanley’s credit risk.

Morgan Stanley Finance LLC offers Principal at Risk notes due August 12, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an issue price of $1,000 per security; the estimated value on the pricing date is approximately $985.10 per security. The notes pay no interest; if the S&P 500® Index final level on the observation date is at or above the downside threshold (85% of the initial level), investors receive the stated principal plus a fixed $101 upside payment. If the final level is below the downside threshold, the payment equals the stated principal multiplied by the ratio of the final level to the initial level, exposing investors to full downside loss, including possible total principal loss.

Morgan Stanley Finance LLC is offering Structured Investments — Enhanced Trigger Jump Securities due August 12, 2027, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an upside payment of $81.70 (8.17%), and an estimated value on the pricing date of approximately $986.20. The securities pay no interest and return at maturity depends on the closing level of the S&P 500® Index on the observation date August 9, 2027. If the final level is at or above the downside threshold (75% of the initial level), holders receive $1,081.70; if below, the payment equals the stated principal multiplied by final/initial level, with no minimum and potential loss of the entire investment.