Morgan Stanley SEC Filings

Morgan Stanley Finance LLC priced a series of market-linked, principal-at-risk securities — auto-callable notes with a contingent coupon and contingent downside linked to the lowest performing of the iShares Expanded Tech-Software ETF, the S&P 500® Index and the State Street SPDR S&P MidCap 400 ETF Trust. The securities have a face amount of $1,000 per security, a maturity date of July 3, 2029 (subject to postponement) and a pricing date of June 30, 2026. The contingent coupon rate will be determined on the pricing date and will be at least 10.20% per annum. Estimated value on the pricing date is approximately $955.20 per security, or within $45.00 of that estimate. Payments, including contingent coupons and any maturity payment, depend on monthly calculation-day observations of the lowest performing underlying and are subject to Morgan Stanley credit risk and the calculation agent’s determinations.

Morgan Stanley Finance LLC priced an offering of market-linked, auto-callable principal-at-risk securities linked to the lowest performing of the common stock of Bank of America Corporation, Citigroup Inc. and The Goldman Sachs Group, Inc., due June 22, 2028.

The securities have a $1,000 face amount per security, an estimated value on the pricing date of $964.10 per security, a price to public of $1,000 per security and aggregate offering proceeds shown as $1,353,000. The pricing date was June 16, 2026 and the original issue date is June 22, 2026.

Investors receive limited upside only via specified call payments if on a calculation day each underlying closes at or above its starting price; call payments are $1,283.50 (1st), $1,425.25 (2nd) and $1,567.00 (final). If not called, maturity payments depend on the lowest performing underlying stock relative to its starting price and 70% downside threshold prices noted in the final terms. The securities are fully guaranteed by Morgan Stanley and bear issuer credit risk.

Morgan Stanley Finance LLC priced $10,146,000 of Capped Leveraged Buffered Basket-Linked Notes due August 27, 2027. The notes are unsecured obligations of MSFL, fully guaranteed by Morgan Stanley, pay no interest and return at maturity is linked to a weighted basket of five international indices.

The notes have a Face Amount of $1,000 each (aggregate $10,146,000), an Upside Participation Rate of 180%, a Buffer Level of 90.00% (10.00% buffer) and a Cap Level of 111.20%, with a Maximum Settlement Amount of $1,201.60 per $1,000 Face Amount. Estimated value on the trade date was $993.50 per note. Purchasers are exposed to issuer credit risk, market disruption mechanics and the potential loss of principal if the Final Basket Level is below the Buffer Level on the Determination Date.

Morgan Stanley Finance LLC is offering principal-at-risk, market-linked securities tied to the common stock of Amazon.com, Inc. The securities have a face amount of $1,000, a contingent fixed return of 26.20% (equal to $262 per security) and mature on December 21, 2027. The starting price for the underlying stock is $246.00 (pricing date June 16, 2026) and the threshold price is $209.10 (85% of the starting price). If the ending price on the calculation day is greater than or equal to the threshold price, holders receive the face amount plus the contingent fixed return. If the ending price is below the threshold price, holders bear a 1-to-1 loss versus the underlying return and may lose more than 15% or the entire principal. The estimated value on the pricing date is $957.80 per security; the public offering price is $1,000 with agent commissions of up to $23.25 per security.

Morgan Stanley Finance LLC offers a primary issuance of market-linked, auto-callable securities due June 22, 2029. The offering lists a total price to public of $2,994,000 (face amount $1,000 per security) with agent commissions of $25.75 per security and estimated value on the pricing date of $912.70 per security. The securities reference the lowest performing of Broadcom, Alphabet (class A) and Netflix and feature a 300% participation rate, a call payment of $1,345 (34.50% premium) if automatically called on the call date, a call date of June 22, 2027 and a calculation day of June 18, 2029. Starting prices on the pricing date were AVGO $376.71, GOOGL $373.25 and NFLX $78.72. Key investor risks disclosed include principal at risk, cap on certain positive returns (50% cap for depreciation-based positive return), dependence on the lowest-performing underlying, credit risk of the issuer/guarantor and limited secondary-market liquidity.

Morgan Stanley Finance LLC priced market-linked, auto-callable securities—principal-at-risk notes due June 22, 2029 linked to the lowest performing common stock of Microsoft and NVIDIA. Each security has a face amount of $1,000, a 200% participation rate in positive returns if not called, and an automatic call feature on June 22, 2027 that would pay $1,352.50 per security. The issuer estimated the securities' value at $958.30 on the pricing date; the public offering price was $1,000 per security. The starting prices are stated as $393.83 for Microsoft and $207.41 for NVIDIA, with threshold prices equal to 50% of each starting price. The securities are fully guaranteed by Morgan Stanley and carry credit, liquidity and market-risk, including possible loss of more than 50% of principal if the lowest performing stock falls below its threshold on the calculation day.

Morgan Stanley Finance LLC priced Principal at Risk Callable Contingent Income Securities with a stated principal amount of $1,000 per security. The notes pay a contingent coupon of 10.75% per annum on each coupon payment date only if the closing level of each of three underliers meets its coupon barrier on the related observation date. The securities may be called beginning July 6, 2027 if a risk neutral valuation model indicates redemption is economically rational; final observation date is July 2, 2029 and maturity is July 6, 2029. If at maturity the final level of any underlier is below its downside threshold (60% of initial level), payment at maturity will be the stated principal multiplied by the performance factor of the worst performing underlier, which could result in a substantial loss of principal or a zero payment.

Morgan Stanley Finance LLC is offering Principal-at-Risk notes linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with automatic early redemption and a 15% buffer. Each security has a stated principal amount of $1,000, an estimated value on the pricing date of approximately $906.70, an issue date of July 1, 2026 and a maturity date of July 1, 2031. If the closing level of the underlier meets or exceeds the call threshold on any determination date, the notes will be automatically redeemed for fixed early redemption payments (the first scheduled early redemption payment is $1,180 on July 2, 2027). At maturity investors receive $1,900 if the final level is at or above the call threshold, the stated principal if the final level is at or above the 85% buffer level, or a reduced payment reflecting losses beyond the 15% buffer (subject to a 15% minimum payment). All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to issuer credit risk.

Morgan Stanley Finance LLC is offering Trigger PLUS notes linked to the Tokyo Stock Price Index (TPX) due July 3, 2030. The offering aggregates $3,000,000 of notes at a stated principal of $1,000 each and is fully and unconditionally guaranteed by Morgan Stanley. The notes provide leveraged upside equal to a 146.48% leverage factor of any index appreciation above the initial index value of 3,991.14, but principal is at risk if the final index value falls below the trigger level of 3,592.026 (90% of initial). The valuation date is June 28, 2030. Estimated value on the pricing date was $930.90 per note; the issue price is $1,000, which includes dealer commissions of $25 and a structuring fee of $5. These are unsecured obligations; investors may lose some or all of their investment.