Morgan Stanley SEC Filings

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities due December 6, 2027 that are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000, an issue price of $1,000, an estimated value on the pricing date of $988.20, and an aggregate principal amount of $631,000.

Payment at maturity is determined by the worst performing underlier (the iShares Russell Mid-Cap ETF and the S&P 500 Index) on the observation date. Investors receive the stated principal plus a 120% leverage on appreciation of the worst performing underlier subject to a $1,219 maximum payment and a 20% buffer. If the worst performing underlier falls below its buffer level, investors lose 1% for each 1% decline beyond the buffer, with a 20% minimum payment at maturity. All payments are subject to issuer and guarantor credit risk and U.S. federal tax treatment is uncertain.

Morgan Stanley Finance LLC priced buffered, auto-callable Principal-at-Risk Securities guaranteed by Morgan Stanley. Each note has a $1,000 stated principal and an original issue price of $1,000. Key terms: strike date June 10, 2026, first determination date June 11, 2027, and maturity June 13, 2031. The securities are linked to the worst performing of three underliers (IGV, RTY, SMH). They feature a 25% buffer, a 300% participation rate on upside, an early redemption payment of $1,375 if all call thresholds are met on the first determination date, and a minimum payment at maturity of 25% of principal. Estimated value on the pricing date is approximately $950.30 per security. All payments are subject to Morgan Stanley credit risk and U.S. federal tax characterizations are described as uncertain.

Morgan Stanley Finance LLC priced $605,000 of Enhanced Trigger Jump Securities (principal at risk) due June 16, 2027. The notes (issue price $1,000 each) tie payoff to the S&P 500® Index with an upside payment of $83.40 (8.34%) and a downside threshold at 6,064.048 (80% of the initial level of 7,580.06 established on the strike date May 29, 2026).

If the final level on the observation date June 11, 2027 is at or above the downside threshold, holders receive principal plus the upside payment. If the final level is below the threshold, holders incur full downside exposure pro rata (no minimum maturity payment). All payments are subject to issuer and guarantor credit risk. The estimated value on the pricing date was $986.50 per security.

Morgan Stanley Finance LLC priced Callable Contingent Income Securities (principal at risk) linked to the worst performing of the Russell 2000 Index, the State Street Health Care Select Sector SPDR ETF (XLV) and the State Street Technology Select Sector SPDR ETF (XLK). The securities have a stated principal amount of $1,000 per security and an aggregate principal amount of $1,508,000. They pay a contingent coupon of 11.60% per annum on each coupon payment date only if the closing level of each underlier is at or above its coupon barrier (65% of initial level) on the related observation date. The securities are callable beginning on the first redemption date (December 4, 2026) based on the output of a risk neutral valuation model selected by the calculation agent. At maturity (March 6, 2028), if the final level of every underlier is at or above its downside threshold (65% of initial level), investors receive the stated principal amount; if any underlier is below its downside threshold, the payment equals the stated principal amount multiplied by the performance factor of the worst performing underlier, potentially resulting in a loss of principal.

All payments are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley; holders remain exposed to the issuer’s and guarantor’s credit risk. The estimated value on the pricing date was $983.30 per security, with the issue price at $1,000 (agent commission and proceeds shown in the cover table).

Morgan Stanley Finance LLC is issuing Principal-at-Risk structured notes—Enhanced Buffered Jump Securities linked to the EURO STOXX 50® Index with a $1,000 stated principal amount per security and an aggregate principal amount of $1,250,000. The securities pay no interest and are fully and unconditionally guaranteed by Morgan Stanley.

At maturity on June 16, 2027, if the final level is greater than or equal to the buffer level, holders receive the stated principal plus a fixed $100 upside payment (a 10% return). If the final level is below the buffer level (buffer = 5,445.486, equal to 90% of the initial level), holders lose 1.1111% of principal for each 1% decline beyond the buffer; there is no minimum payment and investors could lose their entire investment. The pricing date was June 1, 2026 with an estimated value of $985.40 per security on that date.

The document is a pricing supplement for Morgan Stanley Finance LLC’s dual‑underlier Principal at Risk securities due September 7, 2027, fully guaranteed by Morgan Stanley. The securities have a $1,000 stated principal amount and an aggregate offering of $1,359,000. Payment at maturity is determined by the performance of the worst performing underlier (the Dow Jones Industrial Average and the S&P 500), with a 19% buffer (81% buffer level), a 100% upside participation rate capped at a $1,117 maximum upside payment, and a 19% minimum payment at maturity. If the worst performing underlier falls below the buffer level, investors lose 1% for each 1% decline beyond the buffer; if it stays within the buffer, investors can receive up to a 19% positive return. The securities pay no interest, are unsecured obligations of MSFL, and carry full credit risk of Morgan Stanley. The estimated value on the pricing date was $987.50 per security and the issue price was $1,000 per security (agent commission and structuring fees disclosed).

Morgan Stanley Finance LLC priced contingent income auto-callable securities tied to Five Below, Inc. stock, issued June 4, 2026 and maturing July 7, 2027. The offering totals $1,385,000 at $1,000 per security (estimated value on pricing date: $964.10). The notes are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; all payments are subject to issuer credit risk. The securities pay a contingent coupon of 12.50% per annum only when the underlier’s closing level on observation dates is at or above the coupon barrier ($124.421, 55% of initial). They auto-redeem if the closing level on a redemption determination date is at or above the call threshold ($226.22, 100% of initial); first redemption determination date is December 1, 2026. If not auto‑redeemed, maturity payout is principal if the final level is at or above the downside threshold ($124.421); otherwise payment at maturity equals principal × (final level / initial level), exposing investors to loss of principal (possible loss of entire investment). The securities do not participate in upside of the underlier; tax treatment is uncertain and withholding may apply to non-U.S. holders.

Morgan Stanley Finance LLC priced market-linked notes due June 6, 2028, fully guaranteed by Morgan Stanley, linked to the worst performing of the Russell 2000® and S&P 500® indices. The notes are issued at $1,000 per note, aggregate principal $200,000, observation date June 1, 2028. Payment at maturity: if the worst performing underlier closes above its strike, investors receive principal plus a 100% participation in that underlier’s percent change, capped at a $1,125 maximum payment; if not, investors receive only principal. Estimated value on the pricing date was $965.80 per note; selected dealers receive a $21.50 commission per note. All payments are subject to Morgan Stanley’s credit risk and the notes will not be listed on an exchange.

Morgan Stanley Finance LLC is offering Principal at Risk Dual Directional Buffered Jump Securities tied to the S&P 500® Futures Excess Return Index with a $1,000 stated principal amount per security and a scheduled maturity of July 3, 2031. The securities pay no interest and include an upside payment of $530 per security (53% of principal). They feature a 20% buffer (buffer level = 80% of the initial level), a 100% absolute return participation rate for certain down-market scenarios, and a minimum payment at maturity of 20% of principal. The pricing date and strike date are June 30, 2026; the estimated value on the pricing date is approximately $969.10 per security. All payments are subject to issuer and guarantor credit risk and the securities may repay less than principal if the underlier closes below the buffer on the observation date.