Morgan Stanley SEC Filings

Morgan Stanley Finance LLC priced fixed rate callable notes due June 29, 2032 with a stated principal of $1,000 per note and a coupon of 4.750% per annum, payable semi‑annually. The notes are fully and unconditionally guaranteed by Morgan Stanley and callable on June 29, 2027 and December 29, 2027 if a risk neutral valuation model determines redemption is economically rational. The issuer estimates the note value on the pricing date at approximately $975.40 per note. Proceeds will be used for general corporate purposes. All payments remain subject to the issuer’s credit risk.

Morgan Stanley Finance LLC is offering Buffered PLUS principal-at-risk securities linked to the S&P 500® Futures Excess Return Index with a 202% leverage factor and an 80% buffer (20% buffer amount). The stated issue price is $1,000 per security and the estimated value on the pricing date was approximately $983.10. At maturity on June 27, 2031, if the final level exceeds the initial level investors receive principal plus the leveraged upside; if the final level is between the buffer and initial level they receive principal; if the final level is below the buffer they incur losses beyond the buffer, subject to a minimum payment of 20% of principal. All payments are unsecured obligations of MSFL and fully guaranteed by Morgan Stanley and are subject to the issuer’s credit risk.

Morgan Stanley Finance LLC is offering Trigger Autocallable Contingent Yield Notes due June 29, 2029, fully and unconditionally guaranteed by Morgan Stanley. Each $10 security pays a quarterly Contingent Coupon (actual rate to be set on the Trade Date within a range of 8.00% to 9.00% per annum) only if the S&P 500®, Russell 2000® and EURO STOXX 50® each close at or above their Coupon Barriers on an Observation Date. The securities are automatically called beginning September 28, 2026 if all three underlyings close at or above their Initial Underlying Values on an Observation Date, in which case holders receive principal plus the Contingent Coupon for that date.

If not called, at maturity holders receive $10 plus a payment linked to the performance of the Least Performing Underlying only if each Final Underlying Value is at or above its Downside Threshold (each set at 70% of the Initial Underlying Value). If any Final Underlying Value is below its Downside Threshold, holders suffer a principal loss proportionate to the decline of the Least Performing Underlying. All payments are subject to MSFL/Morgan Stanley credit risk. Minimum investment: $1,000 (100 Securities).

Morgan Stanley Finance LLC priced Principal-at-Risk notes linked to Super Micro Computer, Inc. (SMCI). The securities are $1,000 per security, aggregate $400,000, with an original issue date of June 18, 2026 and maturity on December 20, 2027.

The notes pay a contingent coupon at an annual rate of 43.40% on each coupon date only if the closing level of the underlier meets the coupon barrier ($18.51, 60% of the initial level). The initial/strike level and call threshold equal $30.85. If not called and the final level is below the downside threshold ($18.51), maturity payment equals principal × (final level / initial level), so investors can lose up to their entire principal. Estimated value on the pricing date was $967.10 per security.

Morgan Stanley Finance LLC offers Callable Contingent Income Securities due May 18, 2028, fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and an 11.00% per annum contingent coupon payable only if all three underliers meet coupon barrier levels on each observation date. The securities are linked to the worst performing of the Nasdaq-100 Index, Russell 2000 Index and the KRE ETF; downside threshold levels are 60% of initial levels and coupon barriers are 70% of initial levels. The notes may be called beginning September 18, 2026 if a risk neutral valuation model indicates redemption is economically rational. At maturity, if any underlier is below its downside threshold, principal is reduced pro rata to the worst-performing underlier; otherwise investors receive principal (and any final coupon if payable). All payments depend on the issuer and guarantor creditworthiness.

Morgan Stanley Finance LLC priced a preliminary offering of Principal-at-Risk, contingent income auto-callable securities linked to the common stock of Conagra Brands, Inc. The notes have a $1,000 stated principal amount, a contingent coupon at an annual rate of 17.50%, and observation dates from August 10, 2026 through August 9, 2027. Automatic early redemption can occur on specified redemption determination dates beginning January 8, 2027. If not redeemed, maturity is August 12, 2027, with downside protection set at 68% of the initial level (both the coupon barrier level and the downside threshold level). All payments are subject to the issuer’s and guarantor’s credit risk.

Morgan Stanley Finance LLC offers Trigger GEARS linked to a weighted basket of international indices with a July 1, 2031 maturity, fully guaranteed by Morgan Stanley. The securities pay no interest, have a $10 issue price and provide an Upside Gearing (indicative range 1.510–1.711) that multiplies any positive Basket Return. At maturity, if the Final Basket Level is below the Downside Threshold (75% of the Initial Basket Level), holders suffer principal loss proportionate to the negative Basket Return; if the Final Basket Level is at or above that threshold, principal is contingent on that outcome. Payments are subject to Morgan Stanley’s credit risk and the Calculation Agent (MS & Co.) has discretionary roles in valuation and Market Disruption determinations.

The Issuer Morgan Stanley Finance LLC is offering Principal at Risk securities linked to Salesforce, Inc. common stock with an aggregate principal amount of $2,507,000. Each security has a stated principal of $1,000, an original issue price of $1,000, an estimated value on the pricing date of $984.90, a contingent annual coupon of 15.00%, and a maturity date of March 18, 2027. The coupon is paid only if the closing level of the underlier on each observation date is at or above the coupon barrier of $98.401 (59.80% of the initial level). Investors face principal risk if the final level is below the downside threshold (also $98.401); payment at maturity would equal the stated principal times the performance factor (final level / initial level). The securities are callable on December 18, 2026 if a risk neutral valuation model indicates redemption is economically rational for the issuer. All payments are subject to the issuer's and guarantor's credit risk.

Morgan Stanley Finance LLC is issuing structured Jump Notes with an aggregate principal amount of $653,000 tied to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500. Each note has a stated principal of $1,000 and an upside payment of $74 per note (7.40%) paid at maturity July 20, 2027 if the worst performing underlier’s final level is greater than or equal to its initial level. If any underlier finishes below its initial level on the observation date, investors receive only the stated principal. All payments are unsecured obligations of MSFL and fully and unconditionally guaranteed by Morgan Stanley; market and credit risk apply.