Filed pursuant to Rule 433
Dated December 22, 2006
Relating to
Pricing Supplement No. 172 dated December 22, 2006 to
Registration Statement No. 333-131266
|
| GLOBAL MEDIUM-TERM NOTES, SERIES G |
| Reopening of |
| Euro Floating Rate Senior Bearer Notes Due 2013 |
Euro Floating Rate Senior Bearer Notes Due 2013
| Issuer: | Morgan Stanley | |
| Principal Amount: | €300,000,000 (total outstanding €2,800,000,000) | |
| Maturity Date: | March 1, 2013 | |
| Trade Date: | December 22, 2006 | |
| Original Issue Date (Settlement): | January 3, 2007 | |
| Interest Accrual Date: | December 1, 2006 | |
| Issue Price (Price to Public): | 99. 99%, plus accrued interest from and including December 1, 2006 | |
| Agents’ Commission: | 0.30% | |
| All-in Price: | 99.69%, plus accrued interest from and including December 1, 2006 | |
| Net Proceeds to Issuer: | €299,070,000 | |
| Base Rate: | EURIBOR | |
| Spread (plus or minus): | Plus 0.33% | |
| Index Maturity: | Three months | |
| Interest Payment Period: | Quarterly | |
| Interest Payment Dates: | Each March 1, June 1, September 1 and December 1, commencing March 1, 2007 | |
| Initial Interest Rate: | As determined by the Calculation Agent based on the Base Rate on the second TARGET Settlement Day immediately prior to the Interest Accrual Date. | |
| Initial Interest Reset Date: | March 1, 2007 | |
| Interest Reset Dates: | Each Interest Payment Date | |
| Interest Reset Period: | Quarterly | |
| Interest Determination Dates: | The second TARGET Settlement Day immediately preceding each Interest Reset Date | |
| Specified Currency: | Euro (“€”) | |
| Minimum Denomination: | €50,000 and integral multiples of €1,000 in excess thereof | |
| Business Day: | London, TARGET Settlement Day and New York | |
| Listing: | London |
| Temporary Common Code: | 028103972 | |
| Permanent Common Code: | 024583643 | |
| Temporary ISIN: | XS0281039726 | |
| Permanent ISIN: | XS0245836431 | |
| Issuer Ratings: | Aa3 / A+ / AA- | |
| Agents: | Morgan Stanley & Co. International Limited and such other agents as shall be named in the above-referenced Pricing Supplement |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649.
Prospectus
Supplement Dated January 25, 2006
Prospectus
Dated January 25, 2006