PROSPECTUS Dated January 24, 1997 Pricing Supplement No. 24 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-18005
Dated February 21, 1997 Dated April 3, 1997
Rule 424(b)(3)
Morgan Stanley Group Inc.
GLOBAL MEDIUM-TERM NOTES, SERIES E
Euro Floating Rate Senior Bearer Notes Due April 2004
The Global Medium-Term Notes, Series E (Euro Floating Rate
Senior Bearer Notes Due April 2004) 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: $25,000,000
MATURITY DATE: The Interest Payment Date in April 2004
SETTLEMENT AND ISSUE DATE: April 30, 1997
INTEREST ACCRUAL DATE: April 30, 1997
ISSUE PRICE: 99.829%
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 0.14% 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: Interest will be payable quarterly in arrears on
each day (each an "Interest Payment Date") that
corresponds numerically to the preceding Interest
Payment Date (or in the case of the first Interest
Payment Date, the date of issuance) in the calendar
month that is three months after the previous
Interest Payment Date (or in the case of the first
Interest Payment Date, the date of issuance) or if
there is not any such numerically corresponding
date in such calendar month, the Interest Payment
Date shall be the last day that is a Business Day
in that month. In either case, if such date is not
a Business Day then the Interest Payment Date will
be the next day which is a Business Day unless it
would thereby fall into the next calendar month in
which case it will be brought forward to the first
preceding Business Day. If any Interest Payment
Date falls on the last Business Day of any month,
each subsequent Interest Payment Date shall be the
last Business Day of the relevant month.
INTEREST PAYMENT PERIOD: Quarterly
INITIAL INTEREST RATE: To be determined 2 London Banking Days prior to the
date of issuance
INITIAL INTEREST RESET DATE: The Interest Payment Date next succeeding
April 30, 1997
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: $5,000,000
COMMON CODE: 007550260
ISIN: XS0075502608
OTHER PROVISIONS: N/A
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
International
