Pricing Supplement No. Euro D94 Dated 6/16/94 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
(Bearer Notes--Fixed Rate)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: Yen 2,000,000,000
Issue Price: 100
Proceeds to Company on original issuance: Yen 1,993,000,000
Commission or Discount on original issuance: Yen 7,000,000
Salomon Brothers International Limited'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: 6/20/94
Stated Maturity: 9/22/99
Specified Currency: Yen
(If other than U.S. Dollars)
Authorized Denominations: Yen 1,000,000
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 9/22 of each year. First coupon pays 9/22/94.
(If other than as set forth in the Prospectus Supplement)
Indexed Principal Note: | | Yes (see attached) |x| No
Interest Rate: 2.4875 from the original issue date to but not including
9/22/94.
4.00 from 9/22/94 to but not including 9/22/97.
5.00 from 9/22/97 to but not including 9/22/99.
Interest Rate Reset: | | The Interest Rate may not be changed prior to Stated
Maturity.
|x| The Interest Rate may be changed prior to Stated
Maturity (see attached).
Optional Reset Dates (if applicable):
Amortizing Note: | | Yes |x| No
Amortizing Schedule:
Optional Redemption: |x| Yes | | No
Optional Redemption Dates: 9/22/97 (see attached)
Redemption Prices: 100%
Optional Repayment: | | Yes |x| No
Optional Repayment Dates:
Optional Repayment Prices:
Discount Note: | | Yes |x| No
Total Amount of OID:
Yield to Maturity:
NOT WITHSTANDING THE STATEMENT IN PROSPECTUS SUPPLEMENT, THE NOTE OFFERED
HEREBY WILL NOT BE LISTED ON THE LUXEMBOURG STOCK EXCHANGE.
Pricing Supplement dated May 20, 1994
(to Prospectus Supplement dated December 14, 1993,
to Prospectus dated December 14, 1993)
INTEREST
The Bearer Note offered hereby (the "Note") will bear
interest from the Issue Date to, but not including, the first
Interest Payment Date at the rate set forth on the cover. From
the first Interest Payment Date to but not including September
22, 1997, the Note will bear interest at a rate of 4.00% per
annum. From September 22, 1997 to but not including September
22, 1999, the Note will bear interest at a rate of 5.00% per
annum.
REDEMPTION
The Note may be redeemed in whole, but not in part, on
September 22, 1997. Notwithstanding the notice period provided
for redemption herein under "Optional Redemption, Repayment and
Repurchase", the Trustee will provide a notice of redemption, if
any, to Holders by publishing a notice in a major newspaper (as
provided under "Notices" herein) at least 20 but not more than 45
days before September 22, 1997. Any notice shall be deemed to
have been given on the date of first publication.
DESCRIPTION OF JAPANESE YEN
The yen is the national currency of Japan. Japanese
bank notes are issued by The Bank of Japan, which was established
in 1882 and is the country's central bank and sole bank of issue.
On May 19, 1994, the noon buying rate for cable transfers in
New York City payable in yen, as reported by the Federal Reserve
Bank of New York, was Yen104.25 = $1.00.
The exchange rate between the yen and the dollar is at
any moment a result of the supply of and the demand for the two
currencies, and changes in the rate result over time from the
interaction of many factors directly or indirectly affecting
economic conditions in Japan and in the United States, including
economic and political developments in other countries. Of
particular importance are rates of inflation, interest rate
levels, the balance of payments (both on capital and current
account) and the extent of governmental surpluses or deficits in
Japan and in the United States, all of which are in turn
sensitive to the monetary, fiscal and trade policies pursued by
the governments of Japan, the United States and other countries
important to international trade and finance. In recent years,
rates of exchange between the U.S. dollar and the Japanese yen
have been highly volatile.
