Pricing Supplement No. 30 Dated 2/04/94 Rule 424(b)(3)
(To Prospectus dated December 14, 1993) File No. 33-51269,
33-57922 and 33-49136
SALOMON INC
Notes, Series G
Due More Than Nine Months from Date of Issue
Floating Rate
Principal Amount: $10,350,000.00
Issue Price: 100.0000000000%
Original Issue Date: 2/10/94
Stated Maturity: 2/15/99
Initial Interest Rate: 4.5300000%
Interest Payment Dates:
| | Monthly
| | Quarterly
|X| Semi-annually , on 15th day of February and August. 1st cpn 8/15/94.
Base Rate: | | CD Rate | | Commercial Paper Rate | | Federal Funds Rate
| | LIBOR Telerate | | LIBOR Reuters | | Treasury Rate
| | Treasury Rate Constant Maturity |X| Other (see attached)
Interest Reset Period or Interest Reset Dates: 15th day of February and
August.
Index Maturity: 2 YEAR
Spread (+/-): +25 b.p. Spread Multiplier:
Amortizing Note: | | Yes |X| No
Amortization Schedule:
Survivor's Option: | | Yes |X| No
Per Note Total
-------- -----
Price to Public: 100.0000000000% $10,350,000.00
Total Underwriter's Discount or Commission: .0000000% $.00
Proceeds to Salomon Inc: 100.0000000% $10,350,000.00
Dealer's Discount or Selling Concession (maximum): .0000000%
CUSIP: 79549GPZ3
Pricing Supplement dated February 9, 1994
(to Prospectus Supplement dated December 14, 1993,
to Prospectus dated December 14, 1993)
DESCRIPTION OF THE NOTE
General
The description in this Pricing Supplement of the
particular terms of the Registered Floating Rate Note offered
hereby (the "Note") supplements, and to the extent inconsistent
therewith replaces, the descriptions of the general terms and
provisions of the Registered Notes set forth in the accompanying
Prospectus and Prospectus Supplement, to which description
reference is hereby made.
Interest
Notwithstanding the statement to the contrary in the
Prospectus Supplement, if an Interest Payment Date with respect
to the Note would otherwise be a day that is not a Business Day,
such Interest Payment Date shall not be postponed; provided,
however, that any payment required to be made in respect of such
Note on a date (including the day of Stated Maturity) that is not
a Business Day for the Note need not be made on such date, but
may be made on the next succeeding Business Day with the same
force and effect as if made on such date and no additional
interest shall accrue as a result of such delayed payment.
Base Rate
The Base Rate for the Note is the "Constant Maturity
Treasury Rate," which shall be determined by the Treasury Rate
Determination Agent (as defined below) as described below. The
description below of the Constant Maturity Treasury Rate
supersedes the description of such rate in the Prospectus
Supplement.
The "Constant Maturity Treasury Rate" shall be the rate
that is set forth in the Federal Reserve Board publication
H.15(519) opposite the caption "U.S.
Government/Securities/Treasury Constant Maturities/" in the Index
Maturity with respect to the applicable Treasury Rate
Determination Date (which shall be two Business Days prior to the
Interest Reset Date for an Interest Reset Period). If the
H.15(519) is no longer published, the "Constant Maturity Treasury
Rate" shall be the rate that was set forth on Telerate Page 7059,
or its successor page (as determined by the Treasury Rate
Determination Agent), on the applicable Treasury Rate
Determination Date opposite the applicable Index Maturity. If no
such rate is set forth, then the Constant Maturity Treasury Rate
for such Interest Reset Date shall be established by Treasury
Rate Determination Agent as follows. The Treasury Rate
Determination Agent will contact the Federal Reserve Board and
request the Constant Maturity Treasury Rate, in the applicable
Index Maturity, for the Interest Reset Date. If the Federal
Reserve Board does not provide such information, then the
Constant Maturity Treasury Rate for such Interest Reset Date will
be the arithmetic mean of quotations reported by three leading
U.S. government securities dealers (one of which may be the
Treasury Rate Determination Agent), according to their written
records, with reference to the 3:00 p.m. (EST) on the Treasury
Rate Determination Date closing bid-side yield quotations for the
noncallable U.S. Treasury Note that is nearest in maturity to the
Index Maturity, but not less than exactly the Index Maturity and
for the noncallable U.S. Treasury Note that is nearest in
maturity to the Index Maturity, but not more than exactly the
Index Maturity. The Treasury Rate Determination Agent shall
calculate the Constant Maturity Treasury Rate by interpolating to
the Index Maturity based on an actual/actual day count basis, the
yield on the two Treasury Notes selected. If the Treasury Rate
Determination Agent cannot obtain three such adjusted quotations,
the Constant Maturity Treasury Rate for such Interest Reset Date
will be the arithmetic mean of all such quotations, or if only
one such quotation is obtained, such quotation, obtained by the
Treasury Rate Determination Agent. In all events, the Treasury
Rate Determination Agent shall continue polling dealers until at
least one adjusted yield quotation can be determined.
The Treasury Rate Determination Agent shall be Salomon
Brothers Inc, which is a wholly-owned indirect subsidiary of the
Company. The determination of the Constant Maturity Treasury
Rate by the Treasury Rate Determination Agent shall, in the
absence of manifest error, be conclusive for all purposes and
binding on the holders of the Note.
TAXATION
The following summary supplements, and to the extent inconsistent
therewith replaces, the discussion of United States taxation set
forth in the accompanying Prospectus Supplement under the heading
"United States Tax Considerations," to which discussion reference
is hereby made.
The following is a summary of certain anticipated U.S.
Federal income tax consequences to a holder of an investment in
the Note. It does not purport to address every U.S. Federal
income tax issue raised by ownership of the Note. In particular,
this summary applies only to a person that holds the Note as a
capital asset and does not deal with a person in a special tax
situation or a person that holds the Note as part of an
integrated investment (including a "straddle") comprising the
Note and one or more other positions. Prospective purchasers of
the Note are urged to consult their own tax advisors regarding
the U.S. Federal (as well as state and local) tax consequences to
them of owning the Note in light of their particular
circumstances.
Final regulations dealing with original issue discount
were published on February 2, 1994, and as so published are
referred to herein as the Final Regulations. While the Final
Regulations are not yet effective, the Company will rely upon the
Final Regulations rather than the Proposed Regulations to
determine the treatment of the Note. Under the Final
Regulations, the Note is a variable rate debt instrument and
interest on the Note will constitute qualified stated interest,
which is included in income as it accrues, or as it is paid, in
accordance with the holder's method of accounting.
