PROSPECTUS Dated January 24, 1997 Pricing Supplement No. 8 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-18005
Dated February 21, 1997 Dated February 27, 1997
Rule 424(b)(3)
Morgan Stanley Group Inc.
GLOBAL MEDIUM-TERM NOTES, SERIES E
Euro Floating Rate Senior Bearer Notes Due March 2002
The Global Medium-Term Notes, Series E (Euro Floating Rate
Senior Bearer Notes Due March 2002) described in this Pricing Supplement (the
"Notes") will mature on the Maturity Date. The Notes will not be redeemable
at the option of Morgan Stanley Group Inc. prior to the Maturity Date other
than under the circumstances described under "Description of Notes--Tax
Redemption" in the accompanying Prospectus Supplement.
The Notes will be issued only in bearer form, which form is
further described under "Description of Notes--Forms, Denominations, Exchange
and Transfer" in the accompanying Prospectus Supplement. Notes in bearer form
will not be exchangeable at any time for Notes in registered form at the
option of the holder.
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: U.S. $20,000,000
MATURITY DATE: March 20, 2002; provided that if such day is not a Business
Day, the Maturity Date will be the next succeeding day that is a Business Day,
and no interest shall accrue for the period from and after the Maturity Date.
SETTLEMENT AND ISSUE DATE: March 20, 1997
INTEREST ACCRUAL DATE: March 20, 1997
ISSUE PRICE: 100%
SPECIFIED CURRENCY: U.S. Dollars
REDEMPTION PERCENTAGE AT MATURITY: 100%
INITIAL REDEMPTION DATE: N/A
INITIAL REDEMPTION PERCENTAGE: N/A
ANNUAL REDEMPTION PERCENTAGE REDUCTION: N/A
OPTIONAL REPAYMENT DATE(S): N/A
TOTAL AMOUNT OF OID: None
ORIGINAL YIELD TO MATURITY: N/A
INITIAL ACCRUAL PERIOD OID: N/A
BASE RATE: LIBOR
SPREAD (PLUS OR MINUS): Plus 0.20% per annum
SPREAD MULTIPLIER: N/A
ALTERNATE RATE EVENT SPREAD: N/A
INDEX CURRENCY: U.S. Dollars
INDEX MATURITY: 3 months
MAXIMUM INTEREST RATE: N/A
MINIMUM INTEREST RATE: N/A
INTEREST PAYMENT DATES: Each March 20, June 20, September 20 and December
20, commencing June 20, 1997 (each an "Interest
Payment Date"); provided that if any such day
(other than the Maturity Date) is not a Business
Day, such Interest Payment Date will be the next
succeeding day that is a Business Day.
INTEREST PAYMENT PERIOD: Quarterly
INITIAL INTEREST RATE: To be determined 2 London Banking Days prior to the
date of issuance
INITIAL INTEREST RESET DATE: June 20, 1997; provided that if such day is
not a Business Day, such Initial Interest
Reset Date will be the next succeeding day
that is a Business Day.
INTEREST RESET DATES: Each Interest Payment Date
INTEREST RESET PERIODS: The period from and including an Interest Reset
Date to but excluding the immediately succeeding
Interest Reset Date.
REPORTING SERVICE: Telerate 3750
CALCULATION AGENT: The Chase Manhattan Bank (London Branch)
PAYING AGENT: The Chase Manhattan Bank (London Branch)
DENOMINATIONS: U.S. $1,000,000
COMMON CODE: 7445601
ISIN: XS0074456012
Capitalized terms not defined above have the meanings given to such terms
in the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
International
