-----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, SK9cLrKlW9i93FWOEHSMrxZdRIunMIL4eb1KfxwxQ4vedLRFdWWpIR6oh80WeRwC 88nAZOT7XNGG26lLzDv7jA== 0000950103-96-000961.txt : 19960629 0000950103-96-000961.hdr.sgml : 19960629 ACCESSION NUMBER: 0000950103-96-000961 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960627 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: 96586937 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. 17 to PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655 Dated May 1, 1996 June 20, 1996 Rule 424(b)(3) Morgan Stanley Group Inc. MEDIUM-TERM NOTES, SERIES C Senior Fixed Rate Notes The Fixed Rate Notes, as further described below and in the Prospectus Supplement under "Description of Notes -- Fixed Rate Notes," will bear interest from the date of issuance until the principal amount thereof is paid or made available for payment at the rate set forth below. The Fixed Rate Notes will be redeemable in whole, but not in part, at the option of Morgan Stanley Group Inc. upon 30 to 35 calendar days notice on any July 5 or January 5, commencing July 5, 1998. Principal Amount: $10,000,000 Redemption Percentage: 100% Maturity Date: July 5, 2011 Annual Redemption Interest Rate: 8.00% per annum Percentage Reduction: N/A Interest Accrual Date: July 5, 1996 Interest Payment Period: Monthly Interest Payment Dates: The fifth day of each Specified Currency: U.S. Dollars month, commencing August 5, 1996 Issue Price: 100% Settlement Date (Original Issue Redemption Dates: Redeemable in whole, Date): July 5, 1996 but not in part, at the option of Morgan Book Entry Note or Stanley Group Inc. Certificated Note: Book Entry Note upon 30 to 35 calendar days notice on any July Senior Note or 5 or January 5, Subordinated Note: Senior Note commencing July 5, 1998 Total Amount of OID: N/A Minimum Original Yield to Denomination: $1000 Maturity: N/A Initial Accrual Period OID: N/A Trustee: Chemical Bank
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-----