PROSPECTUS Dated May 5, 1999 Pricing Supplement No. 38 to
PROSPECTUS SUPPLEMENT Registration Statement No. 333-75289
Dated May 6, 1999 Dated February 10, 2000
Rule 424(b)(3)
Morgan Stanley Dean Witter & Co.
GLOBAL MEDIUM-TERM NOTES, SERIES D
Euro Fixed Rate Senior Bearer Notes Due 2005
-----------------------
We may not redeem these Global Medium-Term Notes, Series D (Senior Euro
Fixed Rate Notes Due 2005) prior to the maturity date other than under the
circumstances described under "Description of Notes--Tax Redemption" in the
accompanying prospectus supplement.
We will issue the notes only in bearer form, which form is further
described under "Description of Notes--Forms of Notes" in the accompanying
prospectus supplement. You may not exchange notes in bearer form at any time
for notes in registered form.
We will apply to the London Stock Exchange Limited for the notes to be
admitted on the Official List as soon as is practicable following the
settlement of the notes.
We will apply to list the notes on the Paris Bourse.
We describe the basic features of this type of note in the section called
"Description of Notes--Fixed Rate Notes" in the accompanying prospectus
supplement, subject to and as modified by the provisions described below.
Principal Amount: Euro 500,000,000
Maturity Date: July 12, 2005; provided that if such day is not a
business day, the payment of principal and interest
due on such date will be made on the next succeeding
day that is a business day, and no interest shall
accrue for the period from and after the maturity
date.
Settlement Date
(Original Issue Date): February 17, 2000
Interest Accrual Date: February 17, 2000
Issue Price: 99.308%
Specified Currency: Euro
Redemption Percentage
at Maturity: 100%
Initial Redemption
Percentage: N/A
Annual Redemption
Percentage Reduction: N/A
Optional Repayment
Date(s): N/A
Interest Rate: 5.625% per year, on an actual/actual day count basis
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Dates: Each July 12, commencing July 12, 2000; provided that
if that day is not a business day, the interest
payment will be made on the next succeeding day that
is a business day
Interest Payment Period: Annual; provided that the interest payment for July
12, 2000 will be for the period from and including
February 17, 2000 to but excluding July 12, 2000
Denominations: Euro 10,000
Business Day: New York, London or TARGET
Paying Agent in France: Morgan Stanley S.A.
Common Code: 107963182
ISIN: XS0107963182
Code Sicovam: 49733
Other Provisions: See below
Terms not defined above have the meanings given to such terms in the
accompanying prospectus supplement.
MORGAN STANLEY DEAN WITTER
ABN AMRO BARCLAYS CAPITAL
CDC MARCHES COMMERZBANK AKTIENGESELLSCHAFT
CREDIT LYONNAIS DEUTSCHE BANK AKTIENGESELLSCHAFT
<PAGE>
Plan of Distribution:
On February 10, 2000, we agreed to sell to the managers listed in this
pricing supplement, and they severally agreed to purchase, the principal amount
of notes set forth opposite their respective names below at a net price of
99.008%, which we refer to as the "purchase price." The purchase price equals
the stated issue price of 99.308% less a selling concession of 0.150% and a
combined management and underwriting commission of 0.150% of the principal
amount of these notes.
Principal Amount of
Name Notes
---- -------------------
Morgan Stanley & Co. International Limited........ Euro 470,000,000
ABN AMRO Bank NV.................................. 5,000,000
Barclays Bank PLC................................. 5,000,000
CDC Marches....................................... 5,000,000
Commerzbank Aktiengesellschaft.................... 5,000,000
Credit Lyonnais................................... 5,000,000
Deutsche Bank Aktiengesellschaft.................. 5,000,000
Total..................................... Euro 500,000,000
=================
PS-2
<PAGE>
Morgan Stanley Dean Witter & Co. and each manager have represented and
agreed that these notes are being issued outside France and that they have not
offered or sold, and will not offer or sell any of these notes in the Republic
of France, in connection with their initial distribution, and have not
distributed and will not distribute or cause to be distributed in the Republic
of France the prospectus or any amendment, supplement or replacement thereto
including this pricing supplement or any other offering material relating to
these notes, except (i) to qualified investors (investisseurs qualifies) and/or
(ii) within a restricted circle of investors (cercle restreint
d'investisseurs), all as defined in Article 6 of Ordinance dated September 28,
1967 (as amended) and Decree n(degree)98-880 dated October 1, 1998.
You may inspect the documentation for these notes at the offices of Morgan
Stanley S.A., the paying agent, in France, located at:
25, rue Balzac
75008 Paris
France
The documents incorporated by reference herein have not been submitted to
the clearance procedure of the COB.
PS-3
<PAGE>
PERSONNES QUI ASSUMENT LA RESPONSABILITE DE LA NOTE
D'INFORMATION COMPOSEE DE LA PRESENTE NOTE D'OPERATION
(PRICING SUPPLEMENT), DES DOCUMENTS DENOMMES "PROSPECTUS"
ET "PROSPECTUS SUPPLEMENT" ENREGISTRES PAR LA COMMISSION
DES OPERATIONS DE BOURSE SOUS LE NO. P99-159 DU 4 MAI 1999
1. Au nom de l'emetteur
A la connaissance de l'emetteur, les donnees de la presente Note d'Information
sont conformes a la realite et ne comportent pas d'omission de nature a en
alterer la portee.
Aucun element nouveau, autres que ceux mentionnes dans la presente Note
d'Operation, intervenu depuis le 4 mai 1999, date du no. d'enregistrement
P99-159 appose par la Commission des Operations de Bourse sur les documents
denommes "Prospectus" et "Prospectus Supplement," n'est susceptible d'affecter
de maniere significative la situation financiere de l'emetteur dans le contexte
de la presente emission.
Morgan Stanley Dean Witter & Co.
/s/ Alexander C. Frank
---------------------------------------
Alexander C. Frank
Treasurer
2. Au nom de la banque presentatrice
Personne assumant la responsabilite de la presente Note d'Information.
Morgan Stanley S.A.
/s/ Victoria Emmerson
---------------------------------------
Victoria Emmerson
Associate
Attorney-in-fact
La notice legale sera publiee au Bulletin des Annonces Legales Obligatoires
(BALO) du 21 fevrier 2000.
VISA DE LA COMMISSION DES OPERATIONS DE BOURSE
En vue de la cotation a Paris des obligations, et par application des articles
6 et 7 de l'ordonnance No. 67-833 du 28 septembre 1967, la Commission des
Operations de Bourse a enregistre les documents denommes "Prospectus" et
"Prospectus Supplement" sous le no. P99-159 du 4 mai 1999 et a appose sur la
presente Note d'Operation le visa no. 00-176 du 17 fevrier 2000.
PS-4
