Pricing Supplement No. 299 Dated 8/20/97 Rule 424(b)(3)
(To Prospectus dated April 5, 1996) File No. 333-01807
SALOMON INC
Notes, Series G
Due More Than Nine Months from Date of Issue
Fixed Rate
Principal Amount: $5,000,000.00
Issue Price: 100.0000000000%
Proceeds to Company on original issuance: $5,000,000.00
Commission or Discount on original issuance: $.00
Salomon Brothers Inc's capacity on original issuance: | | As agent
If as principal |X| As principal
|X| The Notes are being offered at varying prices related
to prevailing market conditions but not to exceed 100.00000 %.
| | The Notes are being offered at a fixed initial public
offering price of 100.00000 % of Principal Amount.
Original Issue Date: 8/28/97
Stated Maturity: 8/28/2015
Interest Rate: 7.5000000%
Interest Payment Dates:
|X| Monthly, on the 28th of each month. First coupon 9/28/97.
| | Quarterly
| | Semi-annually
Amortizing Note: | | Yes |X| No
Amortization Schedule:
Optional Redemption: |X| Yes | | No
Optional Redemption Dates: CALLABLE 8/28/98 AND ANY COUPON PAYMENT DATE
THEREAFTER WITH 15 DAYS NOTIFICATION.
Redemption Prices:
Redemption: | | In whole only and not in part |X| May be in whole or in part
Optional Repayment: | | Yes |X| No
Optional Repayment Dates:
Optional Repayment Prices:
Survivor's Option: |X| Yes | | No
Discount Note: | | Yes |X| No
Total Amount of OID:
Bond Yield to Call :
Bond Yield to Maturity:
Yield to Maturity:
CUSIP: 79549GD78
Pricing Supplement No. 299
Pricing Supplement dated August 20, 1997
(to Prospectus dated April 5, 1996)
DESCRIPTION OF THE NOTES
General
The description in this Pricing Supplement of the
particular terms of the Registered Notes offered hereby (the
"Notes") supplements, and to the extent inconsistent therewith
replaces, the description of the general terms and provisions of
the Registered Notes set forth in the accompanying Prospectus, to
which descriptions reference is hereby made.
Redemption
The Notes will be redeemable at the option of the
Company, in whole or in any part thereof, at a Redemption Price
equal to 100% of the Issue Price set forth on the face of this
Pricing Supplement (such redemption an "Optional Redemption"), on
August 28, 1998 and any Interest Payment Date occurring thereafter
(such date an "Optional Redemption Date"). The Company may
exercise its right of Optional Redemption by notifying the
Trustee of its exercise of such option at least 15 calendar days
prior to the Optional Redemption Date. At least 15 calendar days
but not more than 60 calendar days prior to such Optional
Redemption Date, the Trustee shall mail notice of such
redemption, first class, postage prepaid, to the Depositary's
nominee, as sole Holder of the Notes under the Indenture. The
Depositary will distribute any such notice to the owners of
beneficial interests in the Notes in accordance with its regular
practice.
Plan of Distribution
The Company intends to sell the Notes at a price equal to
Issue Price set forth on the face of this Pricing Supplement to the
Underwriter for its own account or for resale to one or more purchasers,
including dealers, at varying pricies related to prevailing market prices
at the time of resale, as determined by the Underwriter. Notes sold by the
Underwriter to a dealer may be resold at varying prices related to prevailing
market prices at the time of resale.
The Underwriter will enter into a swap agreement with an affiliate
in connection with its sale of the Notes and may earn additional income as a
result of payments pursuant to such swap or related hedge transactions.
