Pricing Supplement No. Euro D114 Dated 7/27/94 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
(Bearer Notes--Fixed Rate)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: Yen 1,600,000,000
Issue Price: 100%
Proceeds to Company on original issuance: Yen 1,596,000,000
Commission or Discount on original issuance: Yen 4,000,000
Salomon Brothers International Limited's capacity on original issuance:
|x| As agent | | As principal
If as principal:
| | 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: 7/27/94
Stated Maturity: 10/27/97
Specified Currency: Yen
(If other than U.S. Dollars)
Authorized Denominations: Yen 10,000,000
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: Annually on 10/27
(If other than as set forth in the Prospectus Supplement)
Indexed Principal Note: | | Yes (see attached) |x| No
Interest Rate: 3.25% from original issue date to but not including 10/27/95.
4.50% from 10/27/95 to but not including 10/27/97.
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 Redemption must be in whole but not in
part. Notice must be given prior to 9/27/95.
Optional Redemption Dates: 10/27/95
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 July 20, 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 "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 descriptions reference is hereby
made.
The Note will not be listed on the Luxembourg Stock
Exchange.
Interest
For the period from the Issue Date to but excluding
October 27, 1995, the Note will bear interest at a rate equal to
3.25% per annum, calculated on the basis of a 360 day year of
twelve 30-day months. For the period from October 27, 1995 to
Stated Maturity, the Note will bear interest at a rate equal to
4.50% per annum, calculated on the basis of a 360 day year of
twelve 30-day months.
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 the sole bank of
issue. On July 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 Yen99.20 = $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
prominent in international trade and finance. In recent years,
rates of exchange between the U.S. dollar and the Japanese yen
have been highly volatile.
