Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due January 13, 2028, linked to the performance of the S&P 500® Equal Weight Index, Russell 2000® Index, and Nasdaq-100® Technology Sector IndexSM. The securities offer a contingent monthly coupon of at least 10.55% per annum if each index closes at or above 70% of its initial value on the observation date.The securities are subject to automatic early redemption after three months if each index closes at or above its initial value on a monthly redemption determination date. At maturity, investors face full exposure to declines in the worst-performing index if any index closes below 70% of its initial value.These complex securities involve significant risks, including potential loss of principal. Investors should carefully consider their investment objectives and risk tolerance before purchasing. The securities will not be listed on any exchange, potentially limiting liquidity.

Morgan Stanley Finance LLC is offering Contingent Income Auto-Callable Securities due January 13, 2028, linked to the performance of the S&P 500® Equal Weight Index, Russell 2000® Index, and Nasdaq-100® Technology Sector IndexSM. The securities offer a contingent monthly coupon of at least 10.55% per annum if each index closes at or above 70% of its initial value on the observation date.The securities are subject to automatic early redemption after three months if each index closes at or above its initial value on a monthly redemption determination date. At maturity, investors face full exposure to declines in the worst-performing index if any index closes below 70% of its initial value.These complex securities involve significant risks, including potential loss of principal. Investors should carefully consider their investment objectives and risk tolerance before purchasing. The securities will not be listed on any exchange, potentially limiting liquidity.