MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering fixed-rate callable notes due July 20, 2032 that are fully and unconditionally guaranteed by Morgan Stanley. Each note has a stated principal amount of $1,000, pays interest at 4.800% per annum semiannually, and the issuer may redeem all notes on specified call dates if a risk neutral valuation model indicates redemption is economically rational. Estimated value on the pricing date is approximately $971.90 per note. Proceeds will be used for general corporate purposes. The notes are book-entry only, will not be listed on any exchange, and are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced structured notes — principal-at-risk securities linked to the S&P 500® Index with a $1,000 stated principal per security. The securities pay no interest; at maturity on July 19, 2027 investors receive $1,000 plus a fixed upside payment of $79.70 if the final level is at or above the downside threshold. If the final level is below the downside threshold (5,612.423, equal to 75% of the initial level 7,483.23), holders receive the stated principal multiplied by the performance factor (final level/initial level) and may lose up to 100% of principal. The original issue price is $1,000 and Morgan Stanley estimates the securities' value at approximately $990.80 on the pricing date. All payments are subject to Morgan Stanley's credit risk; investors bear issuance, structuring and hedging costs included in the issue price and should consult the accompanying supplements and tax discussion.

The Morgan Stanley Finance LLC Buffered Securities are principal‑at‑risk notes due July 6, 2032, fully guaranteed by Morgan Stanley and linked to the Russell 2000® Index. Each $1,000 note has a 12% buffer (minimum $120 at maturity), a capped upside (maximum $1,643.50), no coupon, and an estimated value on the pricing date of approximately $973.50. Initial averaging occurs ~July 1–September 29, 2026; final averaging occurs ~April 1–June 30, 2032. Payments depend on arithmetic averages of index closing values and are subject to issuer credit risk, limited liquidity, model valuation assumptions, and tax and market‑specific risks.

Morgan Stanley Finance LLC priced principal-at-risk notes tied to the Global X Copper Miners ETF with a stated principal of $1,000 per security and an original issue price of $1,000 per security. The notes can be automatically redeemed on the first determination date for an early redemption payment of $1,350 per security if the underlier is at or above the call threshold. If not redeemed, maturity payoffs depend on the final level versus an 15% buffer and apply a downside factor of 1.1765 to losses beyond the buffer. The documents state an estimated value of approximately $970.40 on the pricing date and note all payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC priced Structured Investments Enhanced Trigger Jump Securities due August 5, 2027, principal at risk notes linked to the S&P 500® Index. The stated principal amount is $1,000 per security with an upside payment of $98.10 (9.81%) if the final level is at or above the downside threshold. The initial level is 7,483.23 (strike date July 1, 2026) and the downside threshold is 6,360.746 (85% of the initial level). If the final level is below that threshold, the payment equals the stated principal multiplied by the performance factor (final level/initial level), which can result in a substantial loss or zero recovery at maturity. The pricing date was July 2, 2026, original issue date July 7, 2026, observation date August 2, 2027 and maturity August 5, 2027. The estimated value on the pricing date was approximately $985.40 per security and the issue price is $1,000, reflecting issuance, structuring and hedging costs.

Morgan Stanley Finance LLC priced a series of principal-at-risk, contingent income auto-callable securities linked to the common stock of Micron Technology, Inc. The securities have a $1,000 stated principal per security, a pricing date of July 2, 2026, a strike date of July 1, 2026, and mature on July 19, 2027. The securities pay a contingent coupon only if the closing level of the underlier meets the coupon barrier on observation dates, feature automatic early redemption if the underlier meets the call threshold on redemption determination dates, and expose investors to full downside risk (losses proportionate to underlier decline below the 50% downside threshold).

All payments are subject to the issuer’s and guarantor’s credit risk; the estimated value on the pricing date was approximately $980.60 per security versus the $1,000 issue price. The offering documents contain detailed tax and risk disclosures, including tax uncertainty for U.S. and non-U.S. holders.

Morgan Stanley Finance LLC is offering auto-callable, principal-at-risk market-linked securities tied to the lowest performing of the Nasdaq-100, S&P 500 and Russell 2000 with a face amount of $1,000 per security and maturity scheduled for July 6, 2029. The securities pay a fixed call payment of $1,120 if all underlyings are at or above their starting levels on the call date (July 6, 2027), otherwise the maturity payout depends on the lowest performing underlying with a 50% contingent minimum return ($500) conditionally payable. The estimated value on the pricing date was $959.70 per security and the offering shows total proceeds to issuer of $2,645,088.75. These securities do not pay interest, carry full exposure to downside below threshold levels (70% of starting level) and are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC offers Principal at Risk Structured Investments linked to the common stock of Micron Technology, Inc. in a preliminary pricing supplement that sets a $1,000 stated principal amount per security and an observation date of August 2, 2027 with maturity on August 5, 2027.

The securities pay no interest and provide a fixed upside payment of $561.30 per security if the final level is greater than or equal to the downside threshold of $628.6040 (approximately 60% of the initial level). If the final level is below that threshold the payment equals the stated principal amount multiplied by the final/initial level, and could be zero. The pricing date estimated value is approximately $979.60 per security, and agent commissions are up to $10.42 per $1,000 security.

Morgan Stanley Finance LLC priced market-linked, principal-at-risk securities linked to CoreWeave, Inc. stock due July 3, 2029. Each security has a $1,000 face amount, an estimated value on the pricing date of $973.00, and a contingent coupon rate of 30.35% per annum payable monthly if the stock closing price meets the 50% threshold. If not automatically called, principal at maturity depends on the ending price relative to a downside threshold equal to 50% of the starting price; an ending price below that threshold results in a loss tied 1-to-1 to the stock’s decline. The starting price is $99.54, the coupon and downside threshold prices are $49.77, and the securities may be auto-called beginning after a three-month non-call period.