Pricing Supplement No. 2 dated November 4, 1998
(To Prospectus dated June 4, 1998, as supplemented
by Prospectus Supplement dated October 19, 1998)
Rule 424(b)(2)
Registration Nos. 333-18345 & 333-54009
$300,000,000
UNION PACIFIC CORPORATION
MEDIUM-TERM NOTES, SERIES E
----------------------------
Principal Amount: $300,000,000, as follows:
Credit Suisse First Boston Corporation - $ 75,000,000
Lehman Brothers Inc.- 75,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated - 75,000,000
Morgan Stanley & Co. Incorporated - 75,000,000
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Total: $300,000,000
Issue Price (Dollar Amount and Percentage of
Principal Amount): $300,000,000; 100%
Settlement Date (Issue Date): November 9, 1998
Stated Maturity: November 9, 2007
Type of Note:
[X] Fixed Rate Note
[ ] Floating Rate Note
[ ] Inverse Floating Rate Note
[ ] Zero Coupon Note
[ ] Foreign Currency Note
[ ] Indexed Note
Form:
[X] Book Entry
[ ] Definitive
CUSIP No: 90782EGV0
Interest Rate: 6.79%
Interest Payment Dates: May 1 and November 1, commencing May 1, 1999
Redemption Terms (at option of Union Pacific):
[X] Not redeemable prior to Stated Maturity
[ ] Redeemable in accordance with the following terms:
Repayment Terms (at option of the Holder):
[X] Not repayable prior to Stated Maturity
[ ] Repayable in accordance with the following terms:
Sinking Fund Provisions:
[X] None
[ ] Applicable in accordance with the following terms:
Specified Currency (U.S. dollars, unless otherwise indicated):
Agents: Credit Suisse First Boston Corporation
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. Incorporated
Agents acting in capacity indicated below:
[X] As Agents
[ ] As Principals
Agents' Commissions: $1,800,000, as follows:
Credit Suisse First Boston Corporation - $ 450,000
Lehman Brothers Inc. - 450,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated - 450,000
Morgan Stanley & Co. Incorporated - 450,000
----------
Total: $1,800,000
Net Proceeds to Union Pacific: $298,200,000, as follows:
Credit Suisse First Boston Corporation - $ 74,550,000
Lehman Brothers Inc. - 74,550,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated - 74,550,000
Morgan Stanley & Co. Incorporated - 74,550,000
------------
Total: $298,200,000
Other:
