-----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, LfehNowVC6jkCaQ3R8FsRowP2pdYKVQEdzCbQ6by+vn4d2Ox5TLe9gHqnSw37i0i wI/V6MivB03jDm76ZwMWhw== 0000950103-96-000976.txt : 19960710 0000950103-96-000976.hdr.sgml : 19960710 ACCESSION NUMBER: 0000950103-96-000976 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960709 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: 96592520 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. 19 to PROSPECTUS SUPPLEMENT Registration Statement No. 333-01655 Dated May 1, 1996 July 8, 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: $220,500,000 Maturity Date: July 10, 1997; provided that if such day is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after the Maturity Date Interest Accrual Date: July 10, 1996 Interest Payment Dates: The tenth day of October, January, April and July, commencing October 10, 1996. If any such day (other than the Maturity Date) is not a Business Day, such Interest Payment Date will be the next succeeding Business Day, except that if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the next preceding day that is a Business Day Initial Interest Rate: 5.6675% Base Rate: LIBOR Index Maturity: 3 Months Spread (Plus or Minus): Minus 0.02% per annum Minimum Denomination: $1,000 Interest Payment Period: Quarterly Specified Currency: U.S. Dollars Issue Price: 100% Settlement Date (Original Issue Date): July 10, 1996 Initial Interest Reset Date: October 10, 1996, or if such day is not a Business Day, the next succeeding Business Day, except that if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the next preceding day that is a Business Day Interest Reset Dates: Same as Interest Payment Dates Interest Reset Quarterly Period: Interest Two London Banking Days prior to each Determination Interest Reset Date Dates: Reporting Service: Telerate (Page 3750) Book Entry Note or Certificated Note: Book Entry Note Senior Note or Subordinated Note: Senior Note Calculation Agent: 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-----