Pricing Supplement No. Euro D79 Dated 1/27/94 Rule 424(b)(3)
(To Prospectus dated December 14, 1993 and File No. 33-51269,
Prospectus Supplement dated December 14, 1993) 33-57922 and 33-49136
Salomon Inc
Medium-Term Notes, Series D
(Registered Notes--Floating Rate or Indexed Rate)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: $5,000,000.00
Issue Price: 100%
Proceeds to Company on original issuance: $5,000,000.00
Commission or Discount on original issuance: 0
Salomon Brothers Inc's capacity on original issuance:
| | As agent |x| As principal
If as principal:
|x| The Bearer Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
| | The Bearer Notes are being offered at a fixed initial public
offering price of % of Principal Amount or Face Amount.
Original Issue Date: 1/28/94
Stated Maturity: 1/28/99
Specified Currency:
(If other than U.S. Dollars)
Authorized Denominations:
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 28th day of January, April, July and October.
Beginning with April 28, 1994.
(If other than as set forth in the Prospectus Supplement)
Indexed Principal Note: | | Yes (see attached) |x| No
Floating Rate: |x| Indexed Rate: | | (see attached)
Initial Interest Rate: See Attached
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 Dates: Original Issue Date and each subsequent Interest Payment
Date.
Optional Reset Dates (if applicable):
Index Maturity: See Attached
Spread (+/-): See Attached
Spread Multiplier:
Spread Reset: |x| The Spread or Spread Multiplier may not be changed prior to
Stated Maturity.
| | The Spread or Spread Multiplier may be changed prior to Stated
Maturity (see attached).
Maximum Interest Rate:
Minimum Interest Rate:
Amortizing Note: | | Yes |x| No
Amortizing Schedule:
Optional Redemption: | | Yes |x| No
Optional Redemption Dates:
Redemption Prices:
Optional Repayment: | | Yes |x| No
Optional Repayment Dates:
Optional Repayment Prices:
Discount Note: | | Yes |x| No
Total Amount of OID:
Yield to Maturity:
Pricing Supplement dated January 26, 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 Bearer Note offered hereby (the "Accrual
Note") supplements, and to the extent inconsistent therewith
replaces, the descriptions of the general terms and provisions of
the Bearer Notes set forth in the accompanying Prospectus and
Prospectus Supplement, to which description reference is hereby
made. Capitalized terms used but not otherwise defined herein
shall have the meanings specified in the Prospectus and
Prospectus Supplement.
"Base Rate" means LIBOR Telerate with an Index Maturity
of three months.
"Business Day" means any day, other than a Saturday or
Sunday, that is (i) not a day on which banking institutions are
authorized or required by law or regulation to be closed in the
City of New York and (ii) a day on which dealings in deposits in
U.S. dollars are transacted in the London interbank market.
Interest
The Accrual Note is a LIBOR Note that will bear
interest during the Initial Interest Period and each subsequent
Interest Reset Period at the Base Rate, determined on the LIBOR
Determination Date for the related Interest Reset Date (or for
the Original Issue Date in the case of the Initial Interest
Period), plus a Spread of 160 basis points; provided, however; if
with respect to any calendar day (including the Original Issue
Date), the Base Rate on such day, determined as of the LIBOR
Determination Date two Business Days preceding such calendar day,
exceeds the Strike Rate applicable to such calendar day, the
Accrual Note will bear interest for such calendar day at a rate
equal to 3.5% per annum, computed for any day by dividing such
rate by 360.
For each calendar day, the applicable Strike Rate is as
set forth below:
Calendar Day
from and including to and including Strike Rate
January 28, 1994 July 27, 1994: 4.00%
July 28, 1994 January 27, 1995: 4.50%
January 28, 1995 July 27, 1995: 5.00%
July 28, 1995 January 27, 1996: 5.50%
January 28, 1996 July 27, 1996: 6.00%
July 28, 1996 January 27, 1997: 6.50%
January 28, 1997 July 27, 1997: 7.00%
July 28, 1997 January 27, 1998: 7.50%
January 28, 1998 July 27, 1998: 8.00%
July 28, 1998 January 27, 1999: 8.50%
