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Morgan Stanley has issued Fixed Rate Notes due 2028 with an aggregate principal amount of $415,000. The notes will pay a fixed interest rate of 4.150% per annum, with semi-annual payments on June 26 and December 26, beginning December 26, 2025.

Key terms include:

• Issue price: $1,000 per note
• Maturity date: June 26, 2028
• Estimated value on pricing date: $991.90 per note
• Notes are unsecured and subject to Morgan Stanley's credit risk

Risk factors include credit risk of Morgan Stanley, limited secondary market trading as notes won't be listed on any exchange, and potential conflicts of interest as Morgan Stanley subsidiaries serve as calculation agent and dealer. The estimated value is less than the issue price due to issuing, selling, structuring, and hedging costs borne by investors.

Morgan Stanley has issued Fixed Rate Notes due 2037 with an aggregate principal amount of $1.2 million. The notes will pay a fixed interest rate of 5.150% per annum, with semi-annual payments on June 26 and December 26, beginning December 26, 2025.

Key features include:

• Issue price of $1,000 per note with estimated value of $972.70
• Maturity date: June 26, 2037
• Notes are unsecured and subject to Morgan Stanley's credit risk
• Not listed on any securities exchange, limiting secondary market liquidity

The offering includes $21,000 in agent commissions and fees, with net proceeds to issuer of $1,179,000. Morgan Stanley & Co. LLC, a subsidiary of the issuer, will serve as agent with a fixed sales commission of $17.50 per note. The notes involve risks including credit risk, limited liquidity, and potential loss of investment if sold prior to maturity.

Morgan Stanley has issued Fixed Rate Notes due 2033 with an aggregate principal amount of $4.23 million. The notes will pay a fixed interest rate of 4.850% per annum, with semi-annual payments on June 24 and December 24, beginning December 24, 2025.

Key terms include:

• Issue price: $1,000 per note
• Maturity date: June 24, 2033
• Estimated value on pricing date: $983.00 per note
• Agent's commission: $12.50 per note

Risk factors highlight that the notes are subject to Morgan Stanley's credit risk and are not FDIC insured. The notes will not be listed on any securities exchange, potentially limiting secondary market liquidity. The estimated value is less than the issue price due to issuing, selling, structuring, and hedging costs. Morgan Stanley's subsidiary MS & Co. determined the estimated value and will serve as calculation agent.

Morgan Stanley has issued Fixed Rate Notes due 2040 with an aggregate principal amount of $1,218,000. The notes will pay a fixed interest rate of 5.250% per annum, with semi-annual payments made on June 26 and December 26, beginning December 26, 2025.

Key terms include:

• Issue price: $1,000 per note
• Maturity date: June 26, 2040
• Estimated value on pricing date: $962.50 per note
• Agent's commission: $20 per note ($24,360 total)

Risk factors highlight that the notes are subject to Morgan Stanley's credit risk and are not FDIC insured. The notes will not be listed on any securities exchange, potentially limiting secondary market liquidity. The estimated value is less than the issue price due to costs associated with issuing, selling, structuring, and hedging the notes. Morgan Stanley & Co. LLC, a subsidiary of the issuer, will serve as the calculation agent.

Morgan Stanley Finance LLC has filed a prospectus supplement for Buffered Jump Securities due August 13, 2026, linked to the performance of the Global X Uranium ETF. These principal-at-risk securities, fully guaranteed by Morgan Stanley, offer the following key features:

The securities, priced at $1,000 per unit, provide:

• A fixed upside payment of 13.25% ($132.50) if the ETF's final level equals or exceeds initial level
• Return of principal if final level is between 75% and 100% of initial level
• 1:1 loss exposure below 75% buffer level, with minimum payment of 25% of principal

Key risks include: no interest payments, limited upside potential capped at 13.25%, potential for significant principal loss, and credit risk of Morgan Stanley. The estimated value on pricing date is $965.30 per security, reflecting costs and fees embedded in the issue price. Securities will not be listed on any exchange.

Morgan Stanley Finance has announced Contingent Income Auto-Callable Securities due June 28, 2027, with an aggregate principal amount of $463,000. The securities are based on the performance of three ETFs: Energy Select Sector SPDR Fund, SPDR S&P Regional Banking ETF, and Utilities Select Sector SPDR Fund.

Key features include:

• Contingent coupon of 6.25% annually, payable if all underliers are above their 60% coupon barrier levels
• Automatic early redemption if all underliers close at or above their initial levels on redemption dates
• Principal at risk: If any underlier falls below 50% of initial level at maturity, investors lose 1% for every 1% decline in worst-performing underlier
• Issue price of $1,000 per security with estimated value of $955.40

The securities are fully guaranteed by Morgan Stanley but are not FDIC insured. Performance is based on the worst-performing underlier, offering no diversification benefits. First possible early redemption date is December 23, 2025.

Morgan Stanley Finance has announced Buffered PLUS (Performance Leveraged Upside Securities) due January 16, 2030, linked to the S&P 500 Index. These principal-at-risk securities, fully guaranteed by Morgan Stanley, offer:

• Stated principal amount of $1,000 per security with estimated value of $969.10
• 150% leverage factor on upside performance, capped at maximum payment of $1,540 (154% of principal)
• 10% downside buffer - full principal protection if index declines â‰� 10%
• 1:1 loss exposure beyond buffer level, with minimum payment of 10% of principal

Key features include no periodic interest payments, 4.5-year maturity, and payment determined solely by S&P 500 performance on January 11, 2030 observation date. Securities involve significant risks including credit risk and potential principal loss. Trading begins July 16, 2025, with no planned exchange listing.