Pricing Supplement No Euro D162 Dated 5/23/95 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: GBP 3,500,000
Issue Price: 100.0000000000%
Proceeds to Company on original issuance: GBP 3,491,250
Commission or Discount on original issuance: GBP 8,750
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: 5/26/95
Stated Maturity: 5/26/98
Specified Currency: GBP
(If other than U.S. Dollars)
Authorized Denominations: GBP 100,000
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 2/26, 5/26, 8/26 & 11/26. 1st coupon pays on 8/29/95.
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): 7.575%
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 |X| Actual over Actual
| | 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: On Interest Payment Dates.
(If other than as set forth in the Prospectus Supplement)
Index Maturity: 3 month
Spread (+/-): +95 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: |X| Yes | | No
Pricing Supplement No. E162
Supplement dated May 23, 1995
(to Prospectus Supplement dated October 12, 1994,
to Prospectus dated October 12, 1994)
DESCRIPTION OF BRITISH POUNDS STERLING
The British pound sterling ("GBP") is the national
currency of the United Kingdom. On May 22, 1995, the noon buying
rate for cable transfers in New York City payable in GBP, as
reported by the Federal Reserve Bank of New York, was GBP1.575 =
$1.00.
The exchange rate between the GBP 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 the United Kingdom 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 the United Kingdom and in the
United States, all of which are in turn sensitive to the
monetary, fiscal and trade policies pursued by the governments of
the United Kingdom, the United States and other countries
important to international trade and finance. In recent years,
rates of exchange between the U.S. dollar and the GBP have been
highly volatile.
