MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC priced principal-at-risk notes linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index, issued at $1,000 per security with an aggregate principal amount of $1,120,000. The securities can auto-redeem on scheduled determination dates beginning July 2, 2027 if the underlier meets the call threshold level of 2,941.299 (90% of the initial level). If not redeemed, maturity payoffs depend on the final level versus the downside threshold of 1,960.866 (60% of the initial level): full fixed upside payment of $1,825.00 if at or above the call threshold, return of principal if between thresholds, or principal loss pro rata if below the downside threshold. The estimated value on the pricing date was $905.80 per security and all payments are subject to Morgan Stanley's credit risk.

Morgan Stanley Finance LLC priced Principal at Risk structured notes linked to the Roundhill Magnificent Seven ETF. Each note has a stated principal amount of $1,000 and an original issue date of July 6, 2026. The notes carry an automatic early redemption feature beginning with the first determination date of July 2, 2027 and a maturity date of July 1, 2031. If a determination-date closing level of the underlier is at or above the call threshold ($61.60), the notes will auto-redeem for a fixed early redemption payment that implies approximately 11.50% per annum. If not redeemed and the final level is at or above the downside threshold ($43.12), investors receive a fixed positive payment of $1,575.00; if below that threshold, payment at maturity equals principal multiplied by the performance factor (final level / initial level), which could result in a substantial loss or zero. All payments are subject to Morgan Stanley credit risk.

Morgan Stanley Finance LLC is issuing Dual Directional Trigger PLUS notes due June 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and was issued at $1,000 with an estimated value of $946.50 on the pricing date. The payoff at maturity depends solely on the worst performing of the Dow Jones Industrial Average, Russell 2000® and S&P 500® indices measured on the observation date of June 25, 2031.

If the worst performing underlier finishes above its initial level, investors receive the stated principal plus 133% of that underlier’s appreciation. If the worst performing underlier finishes between its initial level and a 60% downside threshold, investors receive the stated principal plus 50% of the absolute decline (capped effectively at a 20% positive return). If the worst performing underlier finishes below its 60% threshold, investors suffer a pro rata loss of principal (1% loss for each 1% decline), with no minimum payment.

Morgan Stanley Finance LLC is offering buffered, auto-callable principal-at-risk notes tied to the Global X Defense Tech ETF, with a $1,000 stated principal amount per security. The notes can be automatically redeemed on July 20, 2027 if the underlier meets the call threshold on the first determination date. At maturity on July 7, 2028, returns depend on the final level versus an initial level determined on July 2, 2026: investors receive upside via a 125% participation rate if the final level is higher, full principal if the final level is above an 85% buffer, or incur leveraged losses calculated with a 1.1765 downside factor.

The original issue price is $1,000 and the issuer estimates the securities’ value at approximately $979.40 on the pricing date. All payments are unsecured and subject to Morgan Stanley Finance LLC and Morgan Stanley credit risk. The notes do not pay interest and may result in a total loss of principal.

Morgan Stanley Finance LLC priced $6,149,000 of structured, principal‑at‑risk securities fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and matures on June 30, 2031 (final determination date June 25, 2031).

The notes reference the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index, have a 15% downside buffer (buffer level = 1,150.016, 85% of the initial level) and an automatic early redemption feature tied to a call threshold of 1,217.664 (90% of the initial level). If not called, maturity payments depend on the final index level, with a minimum payment of 15% of principal and potential losses of 1% per 1% decline beyond the buffer.

All payments are subject to Morgan Stanley's credit risk; the securities pay no regular interest, include issuance and hedging costs (estimated value on the pricing date: $908.30 per security), and were priced on June 25, 2026. The offering is described in the accompanying supplements and prospectus.

Morgan Stanley Finance LLC priced 5,467 securities of Principal at Risk notes due June 30, 2031 linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index. Each security has a stated principal amount of $1,000 (issue price $1,000), aggregate principal $5,467,000, and an estimated value on the pricing date of $905.40 per security. The notes pay a contingent coupon at an annual rate of 10.50% on observation dates when the underlier is at or above the coupon barrier level (70% of the initial level). They feature a 15% buffer (buffer level = 85% of initial level) and a minimum payment at maturity of 15% of principal; if the final level is below the buffer, investors absorb losses 1% for each 1% decline beyond the buffer. The securities are unsecured obligations of MSFL and are fully and unconditionally guaranteed by Morgan Stanley; all payments are subject to issuer credit risk. Automatic early redemption may occur if the underlier is at or above the call threshold (100% of initial level) on a redemption determination date.

Morgan Stanley Finance LLC is issuing auto-callable structured "Jump Notes" due June 30, 2033, fully guaranteed by Morgan Stanley. The notes have a $1,000 stated principal amount, an aggregate principal amount of $871,000 and pay no interest. They feature automatic early redemption beginning on June 25, 2027 if the underlier meets the call threshold level of 1,352.96 on a determination date, producing fixed early redemption payments that correspond to roughly 7.50% per annum. At maturity, if not called, investors receive principal plus any upside equal to the 100% participation in the underlier appreciation; if the final level is equal to or less than the initial level, investors receive only the stated principal. All payments are subject to issuer credit risk; the notes are unsecured and will not be listed.

Morgan Stanley Finance LLC priced a series of Trigger PLUS principal-at-risk notes due June 30, 2031, fully guaranteed by Morgan Stanley, with an aggregate principal amount of $5,913,000 and a stated principal of $1,000 per security. The notes reference the worst performing of the Dow Jones Industrial Average and the S&P 500® Index and pay no interest.

At maturity the payment depends solely on closing levels on the observation date. Upside: investors receive principal plus 127% of appreciation of the worst performing underlier if it finishes above its initial level. Limited protection: if the worst performing underlier finishes between its initial level and 70% of its initial level, investors receive principal. Downside: if the worst performing underlier finishes below 70% of its initial level, investors lose in direct proportion (1% loss per 1% decline), with no minimum payment.

Morgan Stanley Finance LLC is offering Principal at Risk structured securities linked to the S&P 500® Index due June 30, 2031. Each security has a $1,000 stated principal amount and pays no interest; estimated value on the pricing date was $946.30.

The payoff depends on the index level on the observation date (June 25, 2031): full upside participation at 100% is capped at $1,606.50 (160.65%); a 15% buffer protects limited declines; below the buffer investors lose principal pro rata, with a minimum payment of 15% of principal.