Pricing Supplement No Euro D 170 Dated 9/15/95 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 3,000,000,000
Issue Price: 99.46%
Proceeds to Company on original issuance: Yen 2,983,800,000
Commission or Discount on original issuance: Yen 16,200,000
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: 9/22/95
Stated Maturity: 9/20/99
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: Annually on 12/20. 1st coupon pays on 12/20/96.
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): 0.00% from original issue date to but not
including 12/20/95, 3.00% thereafter.
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: See Attached
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: |X| Yes (See Attached) | | 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 170 dated September 15, 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.
Interest
No interest shall accrue on the Notes from the Issue Date
to and including December 20, 1995. Thereafter, for so long as the Notes are
outstanding, the interest rate on the Notes shall be 3%, per annum.
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 September 19, 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 104.20 = $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.
