MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC offers contingent-income, principal-at-risk notes linked to the worst performer of the iShares Silver Trust, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index. The offering is for 169 securities at $1,000 per security (aggregate $169,000), with an original issue price of $1,000 and an estimated value of $968.50 on the pricing date. The notes mature on July 6, 2029, pay a contingent coupon at an annual rate of 9.50% only if all underliers meet coupon barriers on observation dates, and expose holders to a loss of principal if the worst performing underlier finishes below its 50% downside threshold. Automatic early redemption can occur on scheduled redemption dates if each underlier meets its call threshold (100% of initial levels).

Morgan Stanley Finance LLC prices a structured, principal-at-risk note offering totaling $319,000. The securities are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, with a stated principal amount of $1,000 per security and an estimated value on the pricing date of $975.50 per security.

The notes reference the S&P® 500 Equal Weight Index, have a 125% participation rate, a single automatic early redemption observation on July 7, 2027 (call threshold equal to the initial level of 8,626.64), and a maturity date of July 6, 2029. If not called, maturity payoffs vary: full upside with participation when the final level is above the initial level, return of principal if final level is between 70% and 100% of the initial level, or a proportional loss below 70% (performance factor applies).

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable notes due July 3, 2031 linked to the worst performing of the S&P 500 Index, the State Street Financial Select Sector SPDR ETF (XLF) and the State Street Technology Select Sector SPDR ETF (XLK). Each security has a stated principal amount of $1,000 and an original issue price of $1,000. The securities pay a contingent coupon of 9.15% per annum on each coupon date only if the closing level of all three underliers on the related observation date is at or above their coupon barrier levels (65% of initial levels). The notes are automatically redeemed early if, on a redemption determination date, all three underliers are at or above their call threshold levels (100% of initial levels). At maturity, if any underlier is below its downside threshold (65% of initial level), the payment equals the stated principal multiplied by the performance factor of the worst performing underlier, which can result in a substantial loss or a zero payment. The pricing date estimated value was $944.90 per security; aggregate principal offered is $868,000. All payments are subject to the credit risk of MSFL and the Morgan Stanley guarantee.

Morgan Stanley Finance LLC priced Principal-at-Risk notes tied to NVIDIA common stock. The securities have a $1,000 stated principal per security and an aggregate principal amount of $3,540,000. If the final level on the observation date is at or above the downside threshold of $120.054 (60% of the initial level), holders receive principal plus a fixed $141.60 upside payment (14.16%). If the final level is below the downside threshold, the payment equals the principal times the performance factor (final level / initial level), exposing investors to loss of principal on a 1% per 1% decline basis; there is no minimum payment. The initial level was $200.09, the observation date is July 30, 2027 and the maturity date is August 4, 2027. The estimated value on the pricing date was $989.00 per security; agent commissions and structuring fees reduce proceeds. All payments are subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk.

Morgan Stanley Finance LLC registers $999,000 aggregate principal of structured notes due August 4, 2027. These Principal at Risk notes reference the worst performing of the Russell 2000 and the S&P 500. Each security has a $1,000 stated principal amount and an $1,000 issue price.

At maturity investors receive either the stated principal plus a fixed upside payment of $130 (a 13% return) if both underliers finish at or above their 85% downside thresholds, or a principal payment equal to the stated principal multiplied by the performance factor of the worst performing underlier, exposing investors to full loss of principal if the worst underlier declines sufficiently. Estimated value on the pricing date was $979.10. Commissions of $15 per security were paid to dealers.

Morgan Stanley Finance LLC priced a primary offering of Dual Directional Buffered PLUS notes linked to the EURO STOXX 50® Index with an aggregate principal amount of $366,000. The securities have a stated principal amount of $1,000 per security and an original issue price of $1,000.

Key economic terms include a leverage factor of 166% for upside, an absolute return participation rate of 50% on limited downside scenarios, a buffer amount of 20% (buffer level 80% of the initial level), and a minimum payment at maturity of 20% of principal. The securities mature on July 3, 2031 and are fully and unconditionally guaranteed by Morgan Stanley. All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable Jump Securities due July 6, 2029, linked to the worst performing of the Russell 2000® and the S&P 500®. The issue price is $1,000 per security with an estimated value of $980.90 on the pricing date. The securities pay no interest and can be automatically redeemed on the first determination date for an early redemption payment of $1,167.50 if both underliers meet their call thresholds. At maturity the payoff depends on the worst performing underlier, with a 150% participation rate in upside and a downside threshold of 70% of each initial level; losses can be up to the full principal and are subject to the issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering market-linked notes due July 5, 2030, fully guaranteed by Morgan Stanley, linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 stated principal amount and a participation rate of 118.25%. At maturity, if the index’s final level exceeds the initial level of 600.73, holders receive the stated principal plus 118.25% of the underlier percent change; if the final level is equal to or less than the initial level, holders receive only the stated principal. The pricing date and strike date are June 30, 2026, original issue date is July 6, 2026, observation date is July 1, 2030 (subject to postponement), and the aggregate principal amount is $1,487,000. The estimated value on the pricing date was $974.40 per note, reflecting issuance, structuring and hedging costs. Payments are unsecured and subject to Morgan Stanley’s credit risk. The notes will not be listed and liquidity may be limited; MS & Co. may act as agent and has conflicts of interest disclosed in the distribution section.

Morgan Stanley Finance LLC is offering principal-at-risk, contingent income auto-callable securities linked to Salesforce, Inc. common stock. Each security has a $1,000 stated principal amount and a contingent coupon that pays only if the underlier meets coupon barrier levels on observation dates. Automatic early redemption may occur if the underlier equals or exceeds the call threshold on specified redemption determination dates. If not redeemed, maturity payout depends on the final level versus a 57% downside threshold; below that threshold investors lose 1% of principal for each 1% decline in the underlier. All payments are subject to Morgan Stanley and MSFL credit risk.