Pricing Supplement No Euro D167 Dated 8/9/95 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 1,000,000,000
Issue Price: 97.30%
Proceeds to Company on original issuance: Yen 969,250,000
Commission or Discount on original issuance: Yen 3,750,000
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: 8/16/95
Stated Maturity: 12/11/2001
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 12/11. 1st coupon pays on 12/11/95.
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): 3.02%
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: | | 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: |X| Yes | | No
Total Amount of OID: Yen 27,000,000
Yield to Maturity: 3.50%
Listed on Luxembourg Stock Exchange: | | Yes |X| No
Pricing Supplement No. Euro D 167 Dated August 9, 1995
(to Prospectus Supplement dated October 12, 1994
to Prospectus dated October 12, 1994)
DESCRIPTION OF THE NOTE
General
The description in this Pricing Supplement of the particular
terms of the Bearer Note offered hereby (the "Note") 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.
If an Interest Payment Date with respect to the Note would
otherwise be a day that is not a Business Day, such Interest Payment Date shall
be postponed to the next succeeding Business Day, except that, if such Business
Day is in the next succeeding calendar month, such Interest Payment Date shall
be the immediately preceeding Business Day.
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 the
country's central bank and the sole bank of issue. On August 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 91.30 = $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 the 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.
