-----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, Fw34N/sNXULVVVE1S71ykecg683PDQ9bYG9Lc2lltlIAb78rWMgA1rrONmuS3Aaq 9FrkRkyRv1LakDwEEu3Olw== 0000950103-96-000882.txt : 19960520 0000950103-96-000882.hdr.sgml : 19960520 ACCESSION NUMBER: 0000950103-96-000882 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960517 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: 033-57833 FILM NUMBER: 96569541 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. 2 to PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655 Dated May 1, 1996 May 10, 1996 Rule 424(b)(3) Morgan Stanley Group Inc. MEDIUM-TERM NOTES, SERIES C Senior Variable Rate Renewable Notes The Senior Variable Rate Renewable Notes described in this Pricing Supplement (the "Renewable Notes") will mature on the Initial Maturity Date, unless the maturity of all or any portion of the principal amount thereof is extended in accordance with the procedures described below. On the calendar day following an Election Date (as defined herein), the maturity of the Renewable Notes will be extended to the date occurring 366 calendar days from and including the 15th day of the next succeeding month unless the holder thereof elects to terminate such automatic extension; provided, however, that if such 366th calendar day is not a Business Day, the maturity of the Renewable Notes will be extended to the immediately preceding Business Day. The holder may terminate the automatic extension of the maturity of the Renewable Notes or of any portion thereof having a principal amount of $1,000 or any multiple of $1,000 in excess thereof by delivering a notice to such effect to the Trustee for the Renewable Notes on any Business Day during the period beginning on the fourth Business Day preceding an Election Date to, and including (if such Election Date is a Business Day), such Election Date. Such option may be exercised with respect to less than the entire principal amount of the Renewable Notes; provided that the principal amount for which such option is not exercised is at least $1,000 or any larger amount that is an integral multiple of $1,000. Notwithstanding the foregoing, the maturity of the Renewable Notes may not be extended beyond the Final Maturity Date. If the holder elects to terminate the automatic extension of the maturity of any portion of the principal amount of the Renewable Notes on any Business Day during the period beginning on the fourth Business Day preceding an Election Date to, and including (if such Election Date is a Business Day), any such Election Date, such portion will become due and payable 366 calendar days from and including the 15th day of the month in which such election is made; provided, however, that if such 366th calendar day is not a Business Day, such portion will become due and payable on the immediately preceding Business Day. An "Election Date" shall be the fifteenth day of each month from June 1996 to March 2000 inclusive. Upon delivery of a notice electing to terminate the automatic extension of a Renewable Note or any portion thereof to the Trustee, such election shall be irrevocable. The Renewable Notes will bear interest from the date of issuance until the principal amount thereof is paid or made available for payment at a rate determined by reference to the Base Rate (based on the Index Maturity) plus the Spread. If the holder of a Renewable Note elects to terminate the automatic extension of such Renewable Note or any specified portion thereof, the Spread applicable to such Renewable Note or specified portion thereof will remain at 0.07% per annum. The Renewable Notes will not be redeemable at the option of Morgan Stanley Group Inc. prior to the Final Maturity Date. The Renewable Notes are further described under "Description of Notes -- Renewable Notes" in the accompanying Prospectus Supplement, except that to the extent terms described below are inconsistent with such description, the terms described below shall control. Principal Amount: $125,000,000 Election Dates: The fifteenth day of each month from June 1996 to Initial Maturity Date: June 16, 1997, or if such day March 2000, inclusive is not a Business Day, the immediately preceding Business Day Final Maturity Date: May 15, 2001, or if such day is not a Business Day, the immediately preceding Redemption Dates: N/A Business Day Redemption Percentage: N/A Base Rate: LIBOR Alternate Rate Event Index Maturity: One month Spread: N/A Spread: Plus 0.07% per annum Interest Payment Period: Monthly Incremental Spread: N/A Specified Currency: U.S. Dollars Incremental Spread Commencement Date: N/A Issue Price: 100% Settlement Date Spread Multiplier: N/A (Original Issue Date): May 15, 1996 Maximum Interest Rate: N/A Book Entry Note or Certificated Note: Book Entry Note Minimum Interest Rate: N/A Reporting Service: Telerate Page 3750 Initial Interest Rate: 5.49969% Senior Note or Initial Interest Reset Date: June 15, 1996, or if such day Subordinated Note: Senior Note is not a Business Day the immediately preceding Trustee and Business Day Calculation Agent: Chemical Bank Interest Accrual Date: May 15, 1996 Additional Terms: N/A Interest Reset Periods: The first Interest Reset Period will be the period from and including June 15, 1996 to but excluding the immediately succeeding Interest Payment Date. Thereafter, the Interest Reset Periods will be the periods from and including an Interest Payment Date to but excluding the immediately succeeding Interest Payment Date Interest Payment and Interest Reset Dates: The fifteenth day of each month commencing June 15, 1996, or if such day is not a Business Day the immediately preceding Business Day Interest Determination Dates: Two London Banking Days prior to Interest Reset Dates.
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-----