Morgan Stanley SEC Filings

Morgan Stanley Finance has announced Worst-of Dual Directional Trigger PLUS securities due August 1, 2030, linked to the performance of Dow Jones Industrial Average, S&P 500, and Russell 2000 indices. Key features include:

• A leverage factor of 133% to 148% for positive underlier performance
• 50% absolute return participation rate for negative performance above threshold
• Downside threshold level of 60% of initial level for each underlier
• Payment at maturity based on worst-performing underlier
• Estimated value of $920.80 per security

Notable risks include no principal guarantee, effectively capped returns, credit risk exposure to Morgan Stanley, and complex tax implications. The securities offer potential upside leverage in rising markets and partial downside protection, but investors could lose their entire investment if the worst-performing underlier falls significantly. The structure provides positive returns in both moderately up and down markets, subject to specified conditions and limitations.

Morgan Stanley Finance LLC announces new Market-Linked Notes tied to the EURO STOXX 50® Index (SX5E), due August 2, 2029. Key features include:

• Principal Protection: Minimum payment of $1,000 per note at maturity regardless of underlier performance
• Upside Potential: 100-105% participation rate in positive index performance
• Estimated Value: $943.30 per note (±$45.00)
• Key Dates: Pricing on July 28, 2025; Observation on July 30, 2029; Maturity on August 2, 2029

Notable risks include credit risk of Morgan Stanley, no interest payments, limited secondary market trading, and potential tax implications before maturity. The notes' value is determined solely by the underlier's performance on the observation date, with no interim adjustments. The estimated value reflects a lower rate than secondary market credit spreads, incorporating issuance and hedging costs.

Morgan Stanley Finance has announced Worst-of SPX and INDU Trigger PLUS securities due August 5, 2030, offering leveraged exposure to the worse performing of the S&P 500 Index and Dow Jones Industrial Average. Key features include:

• Leverage factor of 145% to 160% on positive performance
• Principal protection down to 75% of initial levels (downside threshold)
• Below threshold, investors face 1-for-1 losses based on worst performing index
• Estimated value of $955.00 per security

Notable risks include: no principal guarantee or interest payments, exposure to worst-performing index only, credit risk of Morgan Stanley, and limited secondary market trading. The securities will be priced on July 31, 2025, with final observation on July 31, 2030. Maximum return potential is uncapped but leveraged, while downside risk can result in complete loss of principal.

Morgan Stanley Finance has announced SPXFP Trigger PLUS Notes due August 5, 2030, offering leveraged exposure to the S&P 500® Futures Excess Return Index. Key features include:

• Leverage factor of 207% to 222% on positive index returns
• Principal protection against losses up to 30% (70% downside threshold)
• Estimated value of $956.10 per security
• 5-year maturity with pricing date on July 31, 2025

The notes offer enhanced returns in bullish scenarios but carry significant risks including no principal guarantee below the 70% threshold, no periodic interest payments, and credit risk exposure to Morgan Stanley. The payment at maturity demonstrates potential returns ranging from complete loss (-100%) to significant gains (+60% resulting in 224.2% return with leverage). The securities will not be exchange-listed, limiting secondary market liquidity.

Morgan Stanley Finance has announced Worst-of INDU and NDX Dual Directional Trigger PLUS notes due August 3, 2028. These structured notes offer unique investment characteristics:

• Linked to performance of Dow Jones Industrial Average and Nasdaq-100 Index
• Features a leverage factor of 126% to 141% for positive returns
• 50% participation rate in absolute negative returns above threshold
• Downside protection threshold at 70% of initial level
• Estimated value of $961.10 per security

Key risks include: no principal guarantee or interest payments, exposure to worst-performing underlier, limited secondary market trading, and Morgan Stanley credit risk. Payment at maturity examples show potential returns ranging from total loss to 75.6% gain based on worst-performing underlier. The notes offer sophisticated investors exposure to two major indices with built-in leverage and partial downside protection.

Morgan Stanley Finance (MSFL) has issued $350,000 in Contingent Income Auto-Callable Securities due June 25, 2030, linked to the S&P 500 Futures 40% Intraday 4% Decrement VT Index. These structured notes offer potential 17% annual contingent coupons if the index closes at or above the 70% barrier level on observation dates.

Key features include:

• Automatic early redemption if index closes at or above initial level (2,188.74) on redemption dates
• Principal protection if index doesn't fall below 50% of initial level at maturity
• 1:1 downside exposure if index falls below 50% threshold at maturity
• Estimated value of $928.10 per $1,000 security on pricing date

The securities are unsecured obligations fully guaranteed by Morgan Stanley, with no FDIC insurance. Investors face potential loss of principal and rely on Morgan Stanley's credit worthiness. Securities will be sold through fee-based advisory accounts with MS & Co. acting as agent.

Morgan Stanley Finance has issued $1.664 million in Contingent Income Memory Auto-Callable Securities due June 24, 2027, linked to the performance of VanEck Gold Miners ETF, iShares Silver Trust, and Global X Uranium ETF.

Key features include:

• Principal at risk securities with $1,000 per security issue price
• 12% annual contingent coupon paid only if all underliers close above their barrier levels
• Automatic early redemption if all underliers close at or above their call threshold levels (100% of initial)
• Downside protection until 55.70% of initial levels, below which investors lose 1% for every 1% decline in worst-performing underlier

The securities are unsecured obligations of Morgan Stanley Finance, guaranteed by Morgan Stanley. The estimated value per security is $971.00, below the issue price due to structuring and hedging costs. First possible redemption date is December 22, 2025.