Pricing Supplement No. Euro D97 Dated 6/7/94 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--Floating Rate or Indexed Rate)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: Yen 10,000,000,000.
Issue Price: 99.75%
Proceeds to Company on original issuance: Yen 9,975,000,000.
Commission or Discount on original issuance: Yen 25,000,000.
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: 6/9/94
Stated Maturity: 9/9/97
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: 3/9, 6/9, 9/9 & 12/9. 1st cpn pays 9/9/94.
(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: 2.50625%
Base Rate: | | CD Rate | | Commercial Paper Rate | | Federal Funds Rate
|x| LIBOR Telerate | | Libor Reuters | | Treasury Rate
| | Treasury Rate Constant Maturity | | Other (see attached)
Interest Reset Dates: 3/9, 6/9, 9/9 & 12/9.
Optional Reset Dates (if applicable):
Index Maturity: 3 month
Spread (+/-): +35 b.p.
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 June 7, 1994
(to Prospectus Supplement dated December 14, 1993
to Prospectus dated December 14, 1993)
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 June 6, 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 YEN105.25 = $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
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.
