Pricing Supplement No. 874 Dated 5/23/95 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 2 page(s)
SALOMON INC
Medium-Term Notes, Series D
(Registered Notes)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: $20,000,000.00
Issue Price: 100.0000000000%
Proceeds to Company on original issuance: $20,000,000.00
Commission or Discount on original issuance: $.00
Salomon Brothers Inc's capacity on original issuance: | | As agent
If as principal |X| As principal
|X| The Registered Notes are being offered at varying prices related
to prevailing market prices at the time of resale.
| | The Registered Notes are being offered at a fixed initial public
offering price of % of Principal Amount or Face Amount.
Original Issue Date: 5/30/95
Stated Maturity: 5/30/2005
Specified Currency:
(If other than U.S. Dollars)
Authorized Denominations:
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: Monthly, on 30th (except February) and on the last
day of February. 1st coupon pays on 6/30/95.
Accrue to Pay: | | Yes |X| No
Indexed Principal Note: | | Yes (See Attached) |X| No
Type of Interest on Note: |X| Fixed Rate | | Floating Rate | | Indexed Rate
(See Attached)
Interest Rate (Fixed Rate Notes): 8.0000000%
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 | | Other (See Attached)
Calculation Agent (If other than Citibank): | | 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:
Rate Determination Dates:
(If other than as set forth in the Prospectus Supplement)
Index Maturity:
Spread (+/-):
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: |X| Yes | | No
Optional Redemption Dates: On interest payment dates commencing 5/30/98,
upon 15 calendar days noticiation (see attached).
Redemption Prices: 100%
Redemption: | | In whole only and not in part |X| 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:
Pricing Supplement No. D874
Pricing Supplement dated May 23, 1995
(to Prospectus Supplement dated October 12, 1994
to Prospectus dated October 12, 1994)
DESCRIPTION OF THE NOTES
General
The description in this Pricing Supplement of the
particular terms of the Registered Notes offered hereby (the
"Notes") supplements, and to the extent inconsistent therewith
replaces, the descriptions of the general terms and provisions of
the Registered Notes set forth in the accompanying Prospectus and
Prospectus Supplement, to which descriptions reference is hereby
made.
Interest Payments
If an Interest Payment Date with respect to the Notes
would otherwise be a day that is not a Business Day, such
Interest Payment Date shall not be postponed, provided, however,
that any payment required to be made in respect of the Notes on a
date (including the day of Stated Maturity) that is not a
Business Day need not be made on such date, but may be made on
the next succeeding Business Day with the same force and effect
as if made on such date, and no additional interest shall accrue
as a result of such delayed payment.
Interest on the Notes will be computed on the basis of
a 360-day year of twelve 30-day months ("30 over 360"). As a
result, the amounts of the monthly payments in respect of the
Notes shall be equal.
Redemption
The Company may exercise its right of Optional
Redemption with respect to the Notes on any Interest Payment Date
occuring on or after May 30, 1998 (such date an "Optional
Redemption Date"), by notifying the Trustee of its exercise of
such option at least 15 calendar days prior to the Optional
Redemption Date. At least 15 calendar days but not more than 60
calendar days prior to such Optional Redemption Date, the Trustee
shall mail notice of such redemption, first class, postage
prepaid, to the Depositary's nominee, as sole Holder of the Notes
under the Indenture. The Depositary will distribute any such
notice to the owners of beneficial interests in the Notes in
accordance with its regular practice.
