Pricing Supplement No Euro D 172 Dated 11/7/95 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
(Bearer Notes)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: Yen 500,000,000
Issue Price: 100.0000000000%
Proceeds to Company on original issuance: Yen 498,750,000
Commission or Discount on original issuance: Yen 1,250,000
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: 11/9/95
Stated Maturity: 11/9/98
Specified Currency: Yen
(If other than U.S. Dollars)
Authorized Denominations: Yen 100,000,000
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 2/9, 5/9, 8/9, & 11/9. 1st coupon pays on 2/9/96.
Accrue to Pay: |X| Yes | | No
Indexed Principal Note: | | Yes (See Attached) |X| No
Type of Interest on Note: | | Fixed Rate |X| Floating Rate | | Indexed Rate
(See Attached)
Interest Rate (Fixed Rate Notes):
Initial Interest Rate (Floating Rate Notes): 1.07438%
Base Rate: | | CD Rate | | Commercial Paper Rate | | Federal Funds Rate
|X| 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: | | 30 over 360 | | Actual over Actual
|X| 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: 2 business days prior to interest payment dates.
(If other than as set forth in the Prospectus Supplement)
Index Maturity: 3 month
Spread (+/-): + 59 b.p.
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 D 172 dated November 7, 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 Bearer Notes offered hereby (the "Notes") 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.
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 Japan's
central bank and the sole bank of issue. On November 7, 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 103.20 = $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 such exchange 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.
