SALOMON INC
424B3, 1995-07-05
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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Pricing Supplement No.  887      Dated  6/20/95                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 1 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:     $2,000,000.00
Issue Price:     100.0000000000%
Proceeds to Company on original issuance:     $1,995,000.00
Commission or Discount on original issuance:     $5,000.00
Salomon Brothers Inc's capacity on original issuance:   |X|  As agent
    If as principal                                     | |  As principal
       | |  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:     7/05/95
Stated Maturity:     5/21/98
Specified Currency:   
    (If other than U.S. Dollars)
Authorized Denominations:
    (If other than as set forth in the Prospectus Supplement)
Interest Payment Dates:    21st day of May & November.  1st coupon 11/21/95.
    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): 6.9200000%
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:     6 month. 1st short coupon 4 month Libor + 92 b.p.
Spread (+/-):     + 92 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:     



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