Pricing Supplement No. 225 Dated 7/21/95 Rule 424(b)(3)
(To Prospectus dated October 12, 1994) File No. 33-54929
SALOMON INC
Notes, Series G
Due More Than Nine Months from Date of Issue
Fixed Rate
Principal Amount: $5,000,000.00
Issue Price: 100.0000000000%
Original Issue Date: 7/31/95
Stated Maturity: 7/31/00
Interest Rate: See Attached
Interest Payment Dates:
| | Monthly
| | Quarterly
|X| Semi-annually, on the 31st day of January and July. 1st coupon
pays on 1/31/96. The amount of interest payable on each interest
payment date will be computed on the basis of 30/360.
Amortizing Note: | | Yes |X| No
Amortization Schedule:
Optional Redemption: |X| Yes | | No
Optional Redemption Dates: On coupon payment dates commencing 7/31/96 upon
30 calendar days notification (see attached)
Redemption Prices: 100.00%
Redemption: | | In whole only and not in part |X| May be in whole or in part
Survivor's Option: |X| Yes | | No
Per Note Total
-------- -----
Proceeds to Salomon Inc: 100.0000000% $5,000,000.00
CUSIP: 79549GYC4
Pricing Supplement No. 225
Pricing Supplement dated July 21, 1995
(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 description of the general terms
and provisions of the Registered Notes set forth in the accompanying
Prospectus, to which descriptions reference is hereby made.
Interest Rate
The Notes to which this Pricing Supplement relates bear interest at a
rate that varies in accordance with the following schedule (unless earlier
redeemed at the option of the Company, as provided below and on the front of
this Pricing Supplement):
7.000%, from July 31, 1995 to but not including July 31, 1996;
7.250%, from July 31, 1996 to but not including July 31, 1997;
7.500%, from July 31, 1997 to but not including July 31, 1998;
7.750%, from July 31, 1998 to but not including July 31, 1999; and
8.000%, from July 31, 1999 to but not including July 31, 2000.
The Notes may be redeemed on any Interest Payment Date on or after July
31, 1996. Accordingly, there is no assurance that the Notes will ever bear
interest at a rate above 7.000%.
Redemption
The Notes will be redeemable at the option of the Company, in whole or
in any part thereof, at a Redemption Price equal to 100% of the Issue Price set
forth on the face of this Pricing Supplement (such redemption an "Optional
Redemption"), on any Interest Payment Date occurring on or after July 31, 1996
(such date an "Optional Redemption Date"). The Company may exercise its right
of Optional Redemption by notifying the Trustee of its exercise of such option
at least 30 calendar days prior to the Optional Redemption Date. At least 30
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.
Plan of Distribution
The Company intends to sell the Notes at a price equal to principal
amount thereof to the Underwriter for its own account or for resale to one or
more purchasers, including dealers, at varying prices related to prevailing
market prices at the time of resale, as determined by the Underwriter. Notes
sold by the Underwriter to a dealer may be resold at varying prices related to
prevailing market prices at the time of resale.
TAXATION
The following summary supplements, and to the extent inconsistent therewith
replaces, the discussion of United States taxation set forth in the
accompanying Prospectus Supplement under the heading "United States Tax
Considerations," to which discussion reference is hereby made.
Under the terms of the Notes, the Company has the right to redeem the
Notes at par on July 31, 1996, or on any Interest Payment Date thereafter.
Under the OID Regulations, it is assumed that the Company will exercise its
right to redeem the Notes on July 31, 1996, at par. Consequently, the Notes
will treated as Short-Term Notes for U.S. federal income tax purposes, subject
to the special rules described in the Prospectus Supplement under the heading
"United States Tax Considerations -- Original Issue Discount -- Short-Term
Notes." In the event that the Company does not exercise its right to redeem
all of the Notes on July 31, 1996 (or on any subsequent Optional Redemption
Date occurring in July), any Note that remains outstanding following such date
will be treated solely for purposes of applying the OID Regulations (and not
for purposes of recognizing gain or loss), as if it was reissued on such date,
at par. It then will be assumed that the Company will exercise its right to
redeem that Note at par on the next succeeding July Optional Redemption Date
and such Note will continue to be treated as a Short-Term Note.
