The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer to sell nor does it seek an offer to buy these notes in any jurisdiction where the offer or sale is not permitted.
Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-285508
Subject to Completion, dated July 8, 2026
Pricing Supplement dated July , 2026 (To Product Supplement No. ELN-1 dated... (continue reading...)
Preliminary Pricing Supplement No. 17,227
Registration Statement Nos. 333-293641; 333-293641-01
Dated July 8, 2026
Filed pursuant to Rule 424(b)(2)
Morgan Stanley Finance LLC
Structured Investments
Enhanced Trigger Jump Securities due August 27, 2027
Based on the Worst Performing of the Russell... (continue reading...)
Citigroup Global Markets Holdings Inc.
Guaranteed by Citigroup Inc.
Hypothetical Payment at Maturity per Security**
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