# EDGAR Filing Document

**Accession Number:** 0001666268
**File Stem:** 0001839882-25-032133
**Filing Date:** 2025-6
**Character Count:** 9426
**Document Hash:** ddb19a99fccb7b9a42937d50d465099c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001839882-25-032133.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001839882-25-032133

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Finance LLC
- **CENTRAL INDEX KEY:** 0001666268
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 363145972
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-275587-01
- **FILM NUMBER:** 251018394

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** (212) 761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Finance LLC
- **CENTRAL INDEX KEY:** 0001666268
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 363145972
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** (212) 761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

Free Writing Prospectus to Preliminary Pricing Supplement No. 8,839

Registration Statement Nos. 333-275587; 333-275587-01

Dated June 3, 2025; Filed pursuant to Rule 433

Morgan Stanley

**Worst** **-of NVDA, TSLA and TGT Contingent Income Auto-Callable Notes due June 28, 2030**

***This document provides a summary of the terms of the notes. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement and prospectus, and the "Risk Considerations" on the following page, prior to making an investment decision.*** 

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Terms** | &nbsp;&nbsp; **Terms** |
| &nbsp;&nbsp; **Issuer:** | &nbsp;&nbsp; Morgan Stanley Finance LLC |
| &nbsp;&nbsp; **Guarantor:** | &nbsp;&nbsp; Morgan Stanley |
| &nbsp;&nbsp; **Underlier:** | &nbsp;&nbsp; NVIDIA Corporation common stock (NVDA), Tesla, Inc. common stock (TSLA) and Target Corporation common stock (TGT) |
| &nbsp;&nbsp; **Automatic early redemption:** | &nbsp;&nbsp; If, on any redemption determination date, the closing level of **each** underlier is **greater than or equal to** its call threshold level, the notes will be automatically redeemed. No further payments will be made on the notes once they have been automatically redeemed. |
| &nbsp;&nbsp; **Call threshold level:** | &nbsp;&nbsp; 100% of the initial level for each underlier |
| &nbsp;&nbsp; **Redemption determination dates:** | &nbsp;&nbsp; Beginning after 1 year, quarterly |
| &nbsp;&nbsp; **Contingent coupon:** | &nbsp;&nbsp; 8.00% per annum |
| &nbsp;&nbsp; **Coupon payment dates:** | &nbsp;&nbsp; Quarterly |
| &nbsp;&nbsp; **Coupon barrier level:** | &nbsp;&nbsp; 70% of the initial level for each underlier |
| &nbsp;&nbsp; **Pricing date:** | &nbsp;&nbsp; June 25, 2025 |
| &nbsp;&nbsp; **Final observation date:** | &nbsp;&nbsp; June 25, 2030 |
| &nbsp;&nbsp; **Maturity date:** | &nbsp;&nbsp; June 28, 2030 |
| &nbsp;&nbsp; **CUSIP:** | &nbsp;&nbsp; 61778KXR3 |
| &nbsp;&nbsp; **Estimated value:** | &nbsp;&nbsp; $938.20 per note, or within $55.00 of that estimate |
| &nbsp;&nbsp; **Preliminary pricing supplement:** | &nbsp;&nbsp; [<u>sec.gov/Archives/edgar/data/895421/000183988225031414/ms8839_424b2-17109.htm</u>](https://www.sec.gov/Archives/edgar/data/895421/000183988225031414/ms8839_424b2-17109.htm) |
| &nbsp;&nbsp; <sup>1</sup>All payments are subject to our credit risk  | &nbsp;&nbsp; <sup>1</sup>All payments are subject to our credit risk  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Hypothetical** **Contingent Coupon Payment on Any Coupon Payment Date**<sup>1</sup> | &nbsp;&nbsp; **Hypothetical** **Contingent Coupon Payment on Any Coupon Payment Date**<sup>1</sup> |
| &nbsp;&nbsp; **% Change in Closing Level of the Worst Performing Underlier on the Related Observation Date** | &nbsp;&nbsp; **Contingent Coupon Payment** |
| &nbsp;&nbsp; +100.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; +80.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; +60.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; +40.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; +20.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; -20.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; -30.00% | &nbsp;&nbsp; $20.00 |
| &nbsp;&nbsp; -31.00% | &nbsp;&nbsp; $0.00 |
| &nbsp;&nbsp; -40.00% | &nbsp;&nbsp; $0.00 |
| &nbsp;&nbsp; -60.00% | &nbsp;&nbsp; $0.00 |
| &nbsp;&nbsp; -80.00% | &nbsp;&nbsp; $0.00 |
| &nbsp;&nbsp; -100.00% | &nbsp;&nbsp; $0.00 |

---

------

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.

**Underlier(s)**

For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.

**Risk Considerations**

The risks set forth below are discussed in more detail in the "Risk Factors" section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.

<u>Risks Relating to an Investment in the</u> <u>Notes</u>

● The notes do not provide for the regular payment of interest.

● Payment of the contingent coupon is based on the closing levels of the underliers on only the related observation date at the end of the related interest period.

● Investors will not participate in any appreciation in the value of any underlier.

● The notes are subject to early redemption risk.

● The market price of the notes may be influenced by many unpredictable factors.

● The notes are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the notes.

● As a finance subsidiary, MSFL has no independent operations and will have no independent assets.

● The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the notes in the original issue price reduce the economic terms of the notes, cause the estimated value of the notes to be less than the original issue price and will adversely affect secondary market prices.

● The estimated value of the notes is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.

● The notes will not be listed on any securities exchange and secondary trading may be limited.

● As discussed in more detail in the accompanying product supplement, investing in the notes is not equivalent to investing in the underlier(s).

● The U.S. federal income tax consequences of an investment in the notes are uncertain.

<u>Risks Relating to the Underlier(s)</u>

● Because your return on the notes will depend upon the performance of the underlier(s), the notes are subject to the following risk(s), as discussed in more detail in the accompanying product supplement.

oYou are exposed to the price risk of each underlier.

oBecause the notes are linked to the performance of the worst performing underlier, you are exposed to a greater risk of not receiving a positive return on your investment than if the notes were linked to just one underlier.

oWe have no affiliation with any underlying stock issuer.

oWe may engage in business with or involving any underlying stock issuer without regard to your interests.

oThe anti-dilution adjustments the calculation agent is required to make do not cover every corporate event that could affect an underlying stock.

<u>Risks Relating to Conflicts of Interest</u>

● The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the notes.

● Hedging and trading activity by our affiliates could potentially adversely affect the value of the notes.

**Tax Considerations**

You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption "Additional Information About the Notes–United States federal income tax considerations" concerning the U.S. federal income tax consequences of an investment in the notes, and you should consult your tax adviser.