PROSPECTUS Dated January 24, 1997 Pricing Supplement No. 17 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-18005
Dated February 21, 1997 Dated March 11, 1997
Rule 424(b)(3)
Morgan Stanley Group Inc.
GLOBAL MEDIUM-TERM NOTES, SERIES D
Euro Floating Rate Senior Bearer Notes Due April 2000
The Global Medium-Term Notes, Series D (Euro Floating Rate
Senior Bearer Notes Due April 2000) 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.
Application has been made to the London Stock Exchange Limited
(the "London Stock Exchange") for the Notes to be admitted to the Official
List.
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: $100,000,000
MATURITY DATE: April 3, 2000; 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: April 3, 1997
INTEREST ACCRUAL DATE: April 3, 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 0.30% per annum
SPREAD MULTIPLIER: N/A
ALTERNATE RATE EVENT SPREAD: N/A
INDEX CURRENCY: U.S. Dollars
INDEX MATURITY: 3 months
MAXIMUM INTEREST RATE: The Maximum Interest Rate for any Interest Payment
Period will be an interest rate equal to the
interest rate for the immediately preceding
Interest Payment Period plus .30%.
MINIMUM INTEREST RATE: N/A
INTEREST PAYMENT DATES: Each January 3, April 3, July 3 and October 3,
commencing July 3, 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, unless such succeeding
Business Day falls in the next succeeding calendar
month, in which case such Interest Payment Date
will be the immediately preceding 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: July 3, 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, unless such succeeding Business
Day falls in the next succeeding calendar
month, in which case such Initial Interest
Reset Date will be the immediately preceding
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: $1,000
COMMON CODE: 7486049
ISIN: XS0074860494
Capitalized terms not defined above have the meanings given to such terms in
the accompanying Prospectus Supplement.
MORGAN STANLEY & CO.
International
