Pricing Supplement No. 1 Dated December 8, 1998
(To Prospectus dated October 13, 1998 and
Prospectus Supplement dated October 13, 1998)
Filed pursuant to Rule 424(b)(3)
File No. 333-64787
CABOT CORPORATION
Series B Medium-Term Notes - Fixed Rate
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Principal Amount: $40,000,000 Interest Rate: 6.07% Issue Price: 100%
Agent's Discount Commission: 0.25%
Original Issue Date: December 11, 1998
Stated Maturity Date: December 11, 2000
Net Proceeds to Issuer: 99.75%
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Interest Payment Dates: June 15 and December 15
Initial Interest Payment Date: June 15, 1999
Redemption:
/X/ The Notes cannot be redeemed prior to the Stated Maturity Date.
/ / The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: __% until Redemption
percentage is 100% of the principal amount.
Optional Repayment:
/X/ The Notes cannot be repaid prior to the Stated Maturity Date.
/ / The Notes can be repaid prior to the Stated Maturity Date at the
option of the Holder of the Notes.
Optional Repayment Dates:
Repayment Price: __%
Currency:
Specified Currency: U.S. Dollars
(If other than U.S. Dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. Dollars)
Original Issue Discount ("OID"): Yes / / No /X/
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: /X/ Book-Entry / / Certificated
Agent: /X/ Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incororated
/X/ Goldman, Sachs & Co.
/X/ J.P. Morgan Securities Inc.
/ / Other:
Agent(s) acting in the capacity as indicated below:
/X/ Agent / / Principal
If as principal:
/ / The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
/ / The Notes are being offered at a fixed initial public offering
price of 100% of Principal Amount.
If as Agent(s):
/X/ The Notes are being offered at a fixed initial public offering
price of 100% of Principal Amount.
Exchange Rate Agent: N/A
Other Provisions: None.