MORGAN STANLEY SEC Filings

Morgan Stanley Finance LLC is offering principal‑at‑risk structured notes due June 28, 2030. Each security has a stated principal amount of $1,000 and an aggregate principal amount of $504,000. Payment at maturity depends on the performance of the worst performing underlier: the Dow Jones Industrial Average, the Nasdaq‑100 and the Russell 2000, measured on the observation date of June 25, 2030. If each underlier’s final level is at or above its downside threshold (70% of its initial level), holders receive the stated principal plus a fixed $377 upside payment per security (37.70%). If any underlier is below its downside threshold, holders suffer losses equal to the percentage decline of the worst performing underlier; there is no minimum payment and investors could lose their entire principal. All payments are unsecured and subject to Morgan Stanley’s credit risk. The estimated value at issuance was $938.90 per security; agents received a fixed commission of $37.50 per security.

Morgan Stanley Finance LLC is offering Principal at Risk structured notes due June 28, 2029, fully guaranteed by Morgan Stanley, linked to the worst performing of three underliers: the EURO STOXX® Banks Index, State Street® Energy Select Sector SPDR® ETF and VanEck® Semiconductor ETF. The offering totals $1,852,000 in aggregate principal at a $1,000 stated principal amount per security. The notes pay no interest, can auto‑redeem early on scheduled determination dates for fixed cash amounts (up to $2,000), and at final maturity pay either a capped positive payment ($2,200), the stated principal, or a reduced principal tied to the worst performing underlier (losses of 1% per 1% decline below specified downside thresholds). All payments are subject to issuer and guarantor credit risk. The estimated value at pricing was $954.20 per security and offering proceeds to the issuer were $1,842,740.

Morgan Stanley Finance LLC priced $203,000 of Dual Directional Buffered Jump Securities due June 30, 2031, fully and unconditionally guaranteed by Morgan Stanley. Each security has a stated principal amount of $1,000 and links payoffs to the S&P 500® Futures Excess Return Index.

At maturity the payout depends on the index closing on the observation date: investors may receive the stated principal plus an upside payment of $445 or a positive return tied to the absolute decline up to a 20% cap, but losses apply beyond an 20% buffer level, with a minimum payment of 20% of principal. The estimated value on the pricing date was $938.10 per security and the agent received a $36.25 commission per security.

Morgan Stanley Finance LLC is offering Contingent Income Memory Buffered Auto-Callable Securities linked to Micron Technology, Inc. with a stated principal amount of $1,000 per security and an aggregate principal amount of $600,000. The securities pay a contingent coupon at an annual rate of 43.08% on observation dates when the closing level of the underlier is at or above the coupon barrier of $629.106 (60% of the initial level). The securities can be automatically redeemed on specified redemption determination dates if the closing level is at or above the call threshold of $1,048.51 (the initial level). If not redeemed, maturity payment depends on the final level relative to the buffer level of $629.106; declines below the buffer expose investors to a 1.6667% loss of principal for every 1% decline beyond the buffer. Estimated value on the pricing date was $987.60 per security. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk securities due June 30, 2031, with an aggregate principal amount of $520,000. Each security has a stated principal amount of $1,000 and pays no interest; payment at maturity depends on the worst performing of three indices.

At maturity the holder may receive: (1) principal plus the greater of the underlier percent change of the worst performing underlier or the $645 upside payment; (2) principal only if each underlier is above its 70% downside threshold; or (3) a reduced principal tied to the worst performing underlier, which could result in a total loss.

Morgan Stanley Finance LLC priced a preliminary offering of structured, principal‑at‑risk notes fully guaranteed by Morgan Stanley linked to the performance of Broadcom Inc. common stock. Each security has a $1,000 stated principal amount and a fixed upside payment of $236.60 per security if the final level is at or above the buffer level. The initial level was $365.02 (strike date June 26, 2026), the buffer level is $292.016 (80% of initial), the downside factor is 1.25, the observation date is July 9, 2027 and maturity is July 14, 2027. The original issue price is $1,000 and the estimated value on the pricing date was about $984.30. Payments are subject to issuer credit risk and there is no guaranteed minimum—investors may lose their entire investment.

Morgan Stanley Finance LLC intends to issue Enhanced Buffered Jump Securities linked to the Nasdaq-100 Index due July 14, 2027. Each security has a $1,000 stated principal amount and an $111.10 fixed upside payment. The securities include a 15% buffer (buffer level 24,750.504) and a downside factor of 1.1765; if the final index level is below the buffer level the noteholder bears amplified losses and could lose the entire principal. The initial index level on the strike date was 29,118.24. The issue price is $1,000 and the issuer's estimated value on the pricing date was approximately $986.20. All payments are unsecured obligations of Morgan Stanley Finance LLC and are fully and unconditionally guaranteed by Morgan Stanley.

Morgan Stanley Finance LLC offers Principal at Risk securities fully and unconditionally guaranteed by Morgan Stanley, with an aggregate principal amount of $1,572,000 and a stated principal amount of $1,000 per security. The securities pay no regular interest, have an issue price of $1,000 (estimated value on the pricing date $953.80), a maturity date of June 30, 2031, and an automatic early redemption feature on the first determination date of July 2, 2027 with an early redemption payment of $1,145.50. At maturity investors may receive the stated principal plus an upside payment (participation rate 125%), the stated principal, or a reduced payment that reflects losses beyond a 15% buffer, subject to a 15% minimum payment at maturity. All payments are subject to issuer and guarantor credit risk.

Morgan Stanley Finance LLC is offering Principal at Risk buffered, auto-callable notes linked to the S&P® U.S. Equity Momentum 40% VT 4% Decrement Index with a stated principal amount of $1,000 per security. The notes permit automatic early redemption on a series of determination dates beginning June 28, 2027 if the underlier closes at or above the call threshold of 1,352.96, with early redemption payments rising over time. If not called, maturity is June 30, 2031; payment at maturity depends on the final level relative to the call threshold and a 15% buffer (buffer level 1,150.016), with a minimum payment equal to 15% of principal. Issue price is $1,000 and the estimated value on pricing date was $910.20. Selected dealers receive a fixed commission of $46 per security. All payments are subject to issuer and guarantor credit risk.