Pricing Supplement No. 14 dated November 19, 1998 Rule 424(b)(3)
(To Prospectus dated April 1, 1996 File No. 33-58887
and Prospectus Supplement dated April 1, 1996)
COLGATE-PALMOLIVE COMPANY
Medium-Term Notes - Fixed Rate Notes
Series C
We are hereby offering to sell Notes having the terms specified below to you
with the assistance of Chase Securities Inc., acting as principal, at a fixed
initial public offering price of 100% of the principal amount.
Principal Amount: $12,000,000 Original Issue Date: November 24, 1998
Interest Rate: 5.27% per annum Net Proceeds to Company: $11,940,000
Stated Maturity Date: December 1, 2003 Agent's Discount or Commission: $60,000
Interest Payment Dates: Semi-Annually (See "Other Provisions - Interest" below).
Redemption: The Notes cannot be redeemed by the Company prior to
the Stated Maturity Date.
Optional Repayment: The Notes cannot be repaid at the option of the holder
thereof prior to the Stated Maturity Date.
Currency: Specified Currency: U.S. dollars
Form: The Notes are being issued in fully registered
book-entry form.
Other provisions:
Interest:
Interest on the Notes will accrue from November 24, 1998 and will be
payable in U.S. dollars on the first day of June and December of each
year, commencing June 1, 1999 up to and including the Stated Maturity
Date (each, an "Interest Payment Date"). Interest will accrue from and
including each Interest Payment Date (or from November 24, 1998, if no
interest has been paid or duly provided for) to but excluding the next
succeeding Interest Payment Date. In the event an Interest Payment Date
falls on a day other than a Business Day, interest will be paid on the
next succeeding Business Day and no interest on such payment shall
accrue for the period from and after such Interest Payment Date to such
next succeeding Business Day.
Use of Proceeds:
The net proceeds from the sale of the Notes will be used by the Company
to retire commercial paper which was issued by the Company for general
corporate purposes and working capital. As of November 13, 1998, the
Company's outstanding commercial paper had a weighted average interest
rate of 5.255% with maturities ranging from 3 to 70 days.
