-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WiwIdO+4ZB1AR2oQSzzyRtG+p20lKecg/uRupAsZkbf861KGtdzTinLs5aR3LQp3 h4chNnpisq7ln7cqvGpgbQ== 0000950103-96-000982.txt : 19960715 0000950103-96-000982.hdr.sgml : 19960715 ACCESSION NUMBER: 0000950103-96-000982 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960712 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY GROUP INC /DE/ CENTRAL INDEX KEY: 0000789625 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 132838811 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-01655 FILM NUMBER: 96594140 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127034000 424B3 1 PROSPECTUS Dated May 1, 1996 Pricing Supplement No. 22 to PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655 Dated May 1, 1996 July 9, 1996 Rule 424(b)(3) Morgan Stanley Group Inc. MEDIUM-TERM NOTES, SERIES C Senior Floating Rate Notes The Medium-Term Notes, Series C (Senior Floating Rate Notes) described in this Pricing Supplement (the "Notes") will mature on the Maturity Date and will not be redeemable at the option of Morgan Stanley Group Inc. prior to the Maturity Date. The Notes are further described under "Description of Notes -- Floating Rate Notes" in the accompanying Prospectus Supplement, except that to the extent the terms described below are inconsistent with such description, the terms described below shall control. Principal Amount: $200,000,000 Interest Payment Quarterly Period: Maturity Date: July 15, 1997; provided that if such Specified Currency: U.S. Dollars day is not a Business Day, the payment of Issue Price: 100% principal and interest will be made on the Settlement Date next succeeding (Original Issue Business Day, and no Date): July 15, 1996 interest on such payment shall accrue Initial Interest Reset for the period from and Date: July 16, 1996, or if after the Maturity Date such day is not a Business Day, the next Interest Accrual succeeding Business Date: July 15, 1996 Day Interest Payment Dates: The fifteenth day of Interest Reset Dates: Each Business Day January, April, July and October, Interest Reset Period: Daily commencing October 15, 1996. If any such Interest Determination day (other than the Dates: Two Business Days Maturity Date) is not a prior to each Interest Business Day, such Reset Date Interest Payment Date will be the next Reporting Service: Telerate (Page 120 succeeding Business under the heading Day, except that if "Federal Funds such Business Day is in Effective Rate") the next succeeding Book Entry Note or calendar month, such Certificated Note: Interest Payment Date Book Entry Note shall be the immediately preceding Senior Note or day that is a Subordinated Note: Business Day Senior Note Initial Interest Rate: To be determined on Calculation Agent: the second Business Chemical Bank Day next preceding the Original Issue Date Base Rate: Federal Funds Rate Index Maturity: 1-Day Spread (Plus or Minus): Plus 0.175% per annum Minimum $1,000 Denomination: Other Provisions: Recent Developments - Legal Proceedings: On June 11, 1996, an adversary proceeding was commenced by Orange County, California and its Treasurer-Tax Collector against Morgan Stanley in the United States Bankruptcy Court for the Central District of California in County of Orange and Moorlach v. Morgan Stanley & Co., Inc. The adversary proceeding is related to Orange County's Chapter 9 bankruptcy proceeding pending before the same court. The complaint asserts that Orange County, acting through its former Treasurer-Tax Collector, entered into various reverse repurchase agreements and other transactions with Morgan Stanley which were beyond the County's authority or ultra vires and, therefore, void. The complaint also asserts that Morgan Stanley allowed Orange County to enter into unsuitable transactions. In addition, the complaint alleges that Morgan Stanley violated the automatic stay provisions of the Bankruptcy Code when it liquidated the County's collateral and closed out certain reverse repurchase transactions subsequent to the County's December 6, 1994 bankruptcy filing. The complaint asserts claims based on ultra vires, setoff, equitable subordination, restitution, enforcement of the automatic stay, avoidance of post-petition transfers and negligence and seeks compensatory damages in an unspecified amount, declaratory and injunctive relief, restitution, interest, various costs and attorney's fees.
Capitalized terms not defined above have the meanings given to such terms in the accompanying Prospectus Supplement. MORGAN STANLEY & CO. Incorporated -----END PRIVACY-ENHANCED MESSAGE-----