SALOMON INC
424B3, 1995-02-28
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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Pricing Supplement No Euro D 151     Dated 2/23/95            Rule 424(b)(3)
(To Prospectus dated October 12, 1994 and                  File No. 33-54929
Prospectus Supplement dated October 12, 1994)                    and 33-51269
                                This Pricing Supplement consists of 3 page(s)
SALOMON INC
Medium-Term Notes, Series D
(Bearer Notes)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount:  $10,000,000.00
Issue Price:     100.0000000000%
Proceeds to Company on original issuance:  $9,995,000.00
Commission or Discount on original issuance:  $5,000.00
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:     3/31/95
Stated Maturity:     2/9/96
Specified Currency:   
    (If other than U.S. Dollars)
Authorized Denominations:  $1,000,000.00
    (If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 2/9 & 8/9.  1st coupon pays on 8/9/95.
    Accrue to Pay:  | | Yes  |x| No
Indexed Principal Note:   |x|  Yes (See Attached)   | |  No
Type of Interest on Note: | | Fixed Rate   | | Floating Rate   |x| Indexed Rate
                                                                  (See Attached)
Interest Rate (Fixed Rate Notes):            
Initial Interest Rate (Floating Rate Notes): 
Base Rate: | | CD Rate | | Commercial Paper Rate  | | Federal Funds Rate 
           | | LIBOR Telerate   | | LIBOR Reuters | | Treasury Rate 
           | | Treasury Rate Constant Maturity    |x| Other (See Attached)
Calculation Agent (If other than Citibank):   |x| Salomon Brothers
                                              | | Other  (See Attached)
Computation of Interest:  |x| 30 over 360       | | Actual over Actual
                          | | Actual over 360   | | Other (See Attached)
    (If other than as set forth in the Prospectus Supplement)
Interest Reset Dates:  On Interest Payment Dates.
Rate Determination Dates:  5 Tokyo business days prior to Interest 
                           Payment Dates.
    (If other than as set forth in the Prospectus Supplement)
Index Maturity:  See attached.
Spread (+/-):    See attached.
Spread Multiplier:     
Change in Spread, Spread Multiplier or Fixed Interest Rate prior to 
    Stated Maturity:   | | Yes (See Attached)  |X| No
Maximum Interest Rate:     
Minimum Interest Rate:     
Amortizing Note:   | |  Yes  (See Attached)   |X|  No
Optional Redemption:   | |  Yes   |X|  No
   Optional Redemption Dates:  
   Redemption Prices:  
   Redemption: | | In whole only and not in part | | May be in whole or in part
Optional Repayment:       | |  Yes     |X|  No
        Optional Repayment Dates:  
        Optional Repayment Prices:  
Discount Note:   | |  Yes   |X|  No
        Total Amount of OID:     
        Yield to Maturity:     
Listed on Luxembourg Stock Exchange:  | | Yes     |X| No

Pricing Supplement No. Euro D151

Supplement dated February 23, 1995
(to Prospectus Supplement dated October 12, 1994, 
to Prospectus dated October 12, 1994)

                    DESCRIPTION OF THE NOTE  

General 

          The following description of the particular terms of
the Bearer Note offered hereby (the "FX 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 Supplement, to which description
reference is hereby made. 

          "Tokyo Business Day" with respect to the FX Note means
any day, other than a Saturday or Sunday, that is not a day on
which banking institutions are authorized or required by law or
regulation to be closed in Tokyo, Japan. 

          "Business Day" with respect to the FX Note means any
day, other than a Saturday or Sunday, that is not a day on which
banking institutions are authorized or required by law or
regulation to be closed in (i) New York, New York, in the United
States, (ii) London, England or (iii) Tokyo, Japan. 

          The Note will not be listed on the Luxembourg Stock
Exchange.
          
Payment of Interest and Principal
     
          The amount of interest payable on each Interest Payment
Date, with respect to the Interest Period ending on the previous
day, shall be an amount equal to the product of (i) the Face
Amount, (ii) 3.00% (iii) a fraction having (x) a numerator equal
to the number of days in such Interest Period (calculated on the
basis of a 360-day year of twelve 30-day months) and (y) a
denominator equal to 360 and (iv) a fraction having (x) a
numerator equal to 99.30 and (y) a denominator equal to the "FX
Rate" (as defined below) with respect to such Interest Payment
Date.  

          The amount of principal payable at Stated Maturity of
the FX Note will be an amount equal to the product of the Face
Amount of the Note and a fraction having (x) a numerator equal to
99.30 and (y) a denominator equal to the FX Rate with respect to
Stated Maturity.   

          The FX Rate, with respect to any Interest Payment Date
or Stated Maturity, means the number of yen required to purchase
one U.S. dollar as determined by the FX Rate Agent on the basis
of the Tokyo Telegraphic Middle Rate at 10:00 a.m. (Tokyo time)
on the fifth Tokyo Business Day preceding the relevant Interest
Payment Date or Stated Maturity.  The "Tokyo Telegraphic Middle
Rate" for any day and time means the rate of exchange generally
prevailing on the Tokyo foreign exchange market on such day and
at such time for the spot sale to retail customers of telegraphic
transfers of dollars against yen.  The FX Rate Agent will be
Salomon Brothers Asia Limited, a wholly-owned indirect subsidiary
of the Company.  

          The following table sets forth, for the hypothetical FX
Rates indicated, (i) the rate of interest that would be payable
on the Face Amount of the FX Note for the related Interest Period
and (ii) the amount of principal that would be payable at Stated
Maturity for $100 Face Amount of the FX Note. The information
presented below is furnished solely for purposes of illustration,
and no representation is made that any actual FX Rate will be
equal to, or less than, or greater than, any of the hypothetical
FX Rates indicated. 

                                           Principal Payable at
Hypothetical                               Stated Maturity per  
   FX Rate            Interest Rate        $100 Face Amount
                                                                
 
     86.5                3.444%               $114.7977
     89.5                3.328                 110.9497
     92.5                3.221                 107.3514
     95.5                3.119                 103.9791
     98.5                3.024                 100.8122
     99.3                3.000                 100.0000
    100.5                2.964                  98.8060
    103.5                2.878                  95.9420
    106.5                2.797                  93.2394
    109.5                2.721                  90.6849
    112.5                2.648                  88.2667


          The table above shows that both the interest and the
principal return on the FX Note will vary as the FX Rate varies. 
In particular, the return on the FX Note will decline as the
Japanese yen decreases in value against the U.S. dollar.  

          If the Japanese yen should decrease in value against
the U.S. dollar such that the FX Rate is greater than 99.30 with
respect to Stated Maturity, the amount of principal payable to
the Holder of the FX Note at Stated Maturity would be less than
the Face Amount of the FX Note.  In addition, if the FX Rate with
respect with any Interest Payment Date, including the Interest
Payment Date that coincides with Stated Maturity, is greater than
99.30, the rate of interest payable with respect to the Interest 
Period ending on the day preceding such Interest Payment Date,
would be less than 3.00%.

                   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 February 22, 1995, 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 Yen 97.03 = $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.


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