MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering structured, market-linked notes due August 1, 2030, fully and unconditionally guaranteed by Morgan Stanley. The notes have a stated principal of $1,000 per note, a participation rate of 100%, and a capped payment at maturity of $1,350–$1,400 (135%–140% of principal). Payments are determined by the worst performing of the Dow Jones Industrial Average and the S&P 500® Index on the observation date of July 29, 2030. The estimated value on the pricing date is approximately $954.10 per note. All payments are subject to the issuer’s credit risk; the notes pay no interest and are not listed.

Morgan Stanley Finance LLC priced $1,995,000 of Principal-at-Risk notes linked to NVIDIA common stock that mature on July 14, 2027. Each security has a $1,000 stated principal amount and an $208 fixed upside payment (a 20.80% return) if the final level on the observation date is at or above the downside threshold of $144.398 (75% of the initial level). If the final level is below that threshold, the payment equals principal times the performance factor (final level / initial level), exposing investors to full downside loss (no minimum payment). The initial level was $192.53, the observation date is July 9, 2027, and maturity is July 14, 2027. The estimated value on the pricing date was $986.60 per security and the issue price was $1,000 (agent fee $10 per security). All payments are subject to issuer and guarantor credit risk and U.S. federal income tax treatment is described as uncertain in the supplement.

Morgan Stanley Finance LLC is offering Trigger PLUS principal-at-risk securities due August 5, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and an estimated value on the pricing date of approximately $965.90.

Payments at maturity depend on the worst performing of the Dow Jones Industrial Average and the S&P 500 Index. If the worst performing underlier finishes above its initial level, investors receive principal plus a leveraged upside payment (leverage factor set between 139% and 144%). If the worst performing underlier finishes between its initial level and a downside threshold equal to 75% of initial level, investors receive principal only. If the worst performing underlier finishes below the downside threshold, investors lose 1% of principal for every 1% decline in that underlier; there is no minimum payment and the value could be zero.

Morgan Stanley Finance LLC priced a structured note, the Dual Directional Buffered PLUS, with a stated issue price of $1,000 per security and a maturity date of August 5, 2031. The securities reference the EURO STOXX 50® Index with an observation date of July 31, 2031.

Payoff features: if the final level is above the initial level, holders receive principal plus a leveraged upside (leverage factor set between 167% and 182%); if the final level is down but at or above a 20% buffer, holders receive principal plus an absolute return based on a 50% participation rate (effectively capped at 10% positive return); if below the buffer, losses occur dollar-for-dollar beyond the buffer, subject to a 20% minimum payment at maturity. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is offering Dual Directional Trigger PLUS notes due July 31, 2031 with a stated principal amount of $1,000 per security. The securities pay no interest and are fully guaranteed by Morgan Stanley. Payment at maturity depends on the performance of the worst performing underlier (the Dow Jones Industrial Average, Russell 2000® and S&P 500®) using a leverage factor (130%–135%) for upside, a 50% absolute return participation feature when declines remain above a 60% downside threshold, and full principal exposure if the worst underlier falls below its downside threshold. Estimated value on the pricing date is approximately $932.40 per security. All payments are subject to MSFL/Morgan Stanley credit risk.

Morgan Stanley Finance LLC priced a preliminary offering of Dual Directional Buffered PLUS notes due July 31, 2031 linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. Each security has a stated principal amount of $1,000 and pays no interest. The payout at maturity depends solely on the final closing levels on the observation date and is determined by the worst performing underlier, a leverage factor (estimated between 137%–152%), a 20% buffer and a 20% minimum payment. The estimated value on the pricing date is approximately $929.10 per security. All payments are unsecured and subject to Morgan Stanley Finance LLC's and Morgan Stanley's credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk notes due July 31, 2031 linked to the S&P 500® Index and fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000. At maturity investors may receive: (1) principal plus 100% of upside appreciation capped at a maximum upside payment of $1,586.50 to $1,606.50; (2) if the index declines but remains at or above a 15% buffer level, principal plus a positive return equal to the absolute decline (100% participation) up to an effective +15% cap; or (3) if the index falls below the buffer, principal is reduced dollar-for-dollar for declines beyond the buffer, subject to a minimum payment of 15% of principal. The pricing date and strike date are July 28, 2026, original issue date is July 31, 2026, observation date is July 28, 2031. The document states an estimated value on the pricing date of approximately $936.80 per security and emphasizes credit risk of Morgan Stanley, limited secondary-market liquidity, model-dependent valuations, and uncertain U.S. federal tax treatment.

Morgan Stanley Finance LLC is offering principal-at-risk, auto-callable structured notes due August 1, 2030, fully guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and may be automatically redeemed on scheduled determination dates for fixed early redemption payments; otherwise payoff at maturity depends on the worst performing of the Russell 2000® and S&P 500® indices.

The securities pay no interest, have an estimated value on the pricing date of approximately $958.70, expose investors to full issuer credit risk, and can cause investors to lose up to their entire principal if the worst performing underlier falls below its downside threshold level.

Morgan Stanley Finance LLC is offering Principal-at-Risk PLUS securities that are fully and unconditionally guaranteed by Morgan Stanley and pay at maturity based on the worst performing of the Nasdaq-100, the S&P 500 and the Vanguard Information Technology ETF. The securities have a $1,000 stated principal amount, a 178% leverage factor for any upside of the worst performing underlier and a five-year term (strike/price date June 29, 2026, observation date June 30, 2031, maturity July 3, 2031).

Payment at maturity: if all underliers appreciate, investors receive principal plus 178% of the worst-performing underlier’s appreciation; if any underlier declines, investors lose 1% of principal per 1% decline in the worst-performing underlier, with no minimum payment. The offering size is $537,000 aggregate; estimated value on pricing date is $974.20 per security. All payments are subject to Morgan Stanley’s credit risk.