CSX CORP
424B3, 1999-07-29
RAILROADS, LINE-HAUL OPERATING
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                                                                 Rule 424(b)(3)
                                                    Registration No. 333-68885

PRICING SUPPLEMENT NO. 2 DATED JULY 28, 1999

(To Prospectus Dated January 5, 1999 as supplemented
by Prospectus Supplement Dated May 7, 1999)


                               U. S. $400,000,000
                                CSX CORPORATION

                          Medium-Term Notes, Series C


Principal Amount:  $75,000,000          Redemption Terms (at option of CSX)
                   -----------            [X] Not redeemable prior to Stated
                                              Maturity
Issue Price (Dollar Amount and            [ ] Redeemable in accordance with the
Percentage of Principal Amount):              following terms:
$75,000,000; 100%
- ------------------                      Repayment Terms (at option of the
                                        Holder):
Settlement Date (Issue Date):
7/30/1999                                 [X] Not repayable prior to Stated
- ---------                                     Maturity
                                          [ ] Repayable in accordance with the
Stated Maturity:  8/1/2000                    following terms:
                  ---------
                                        Sinking Fund Provisions:
Type of Note:                             [X} None
[ ] Fixed Rate Note                       [ ] Applicable in accordance with the
[X] Floating Rate Note                        following terms
[ ] Inverse Floating Rate Note
[ ] Zero Coupon Note                    Specified Currency (U.S. dollars, unless
[ ] Foreign Currency Note               otherwise indicated):
[ ] Indexed Note                                             -------------------

Form:                                   Agents: Chase Securities Inc.
                                                ---------------------
[X] Book Entry
[ ] Definitive                          Agents acting in capacity indicated
                                        below:
CUSIP No:  12641L  BX 0
           ------------                   [X] As Agent
                                          [ ] As Principal
Interest Rate Index:  LIBOR - Telerate
                      ----------------
                                        Agent's Commission:  $- 0 -
Index Maturity:  3 months                                    -------
                 --------
                                        Net Proceeds to CSX: $75,000,000
Spread:  Plus 40 Basis Points                                -----------
         --------------------
                                        Other:

Designated LIBOR Page:  3750
                        ----

Initial Interest Rate: 5.7125%
                       ------

Interest Payment Dates:  Quarterly on
                         ------------
the 1st day of each November, February,
- --------------------------------------
May and August
- --------------

Interest Reset Dates:  Quarterly on
                       ------------
the 1st day of each November, February,
- --------------------------------------
May and August
- --------------

Interest Determination Dates:  2nd
                               ---
London Market Day preceding Interest
- ------------------------------------
Reset Date
- ----------

<PAGE>
                                                                 Rule 424(b)(3)
                                                    Registration No. 333-68885

PRICING SUPPLEMENT NO. 3 DATED JULY 28, 1999

(To Prospectus Dated January 5, 1999 as supplemented
by Prospectus Supplement Dated May 7, 1999)


                               U. S. $400,000,000
                                CSX CORPORATION

                          Medium-Term Notes, Series C


Principal Amount:  $75,000,000          Redemption Terms (at option of CSX)
                   -----------            [X] Not redeemable prior to Stated
                                              Maturity
Issue Price (Dollar Amount and            [ ] Redeemable in accordance with the
Percentage of Principal Amount):              following terms:
$75,000,000; 100%
- ------------------                      Repayment Terms (at option of the
                                        Holder):
Settlement Date (Issue Date):
7/30/1999                                 [X] Not repayable prior to Stated
- ---------                                     Maturity
                                          [ ] Repayable in accordance with the
Stated Maturity:  8/1/2000                    following terms:
                  ---------
                                        Sinking Fund Provisions:
Type of Note:                             [X} None
[ ] Fixed Rate Note                       [ ] Applicable in accordance with the
[X] Floating Rate Note                        following terms
[ ] Inverse Floating Rate Note
[ ] Zero Coupon Note                    Specified Currency (U.S. dollars, unless
[ ] Foreign Currency Note               otherwise indicated):
[ ] Indexed Note                                             -------------------

Form:                                   Agents: Banc of America Securities LLC
                                                ------------------------------
[X] Book Entry
[ ] Definitive                          Agents acting in capacity indicated
                                        below:
CUSIP No:  12641L  BX 0
           ------------                   [X] As Agent
                                          [ ] As Principal
Interest Rate Index:  LIBOR - Telerate
                      ----------------
                                        Agent's Commission:  $- 0 -
Index Maturity:  3 months                                    -------
                 --------
                                        Net Proceeds to CSX: $75,000,000
Spread:  Plus 40 Basis Points                                -----------
         --------------------
                                        Other:

Designated LIBOR Page:  3750
                        ----

Initial Interest Rate: 5.7125%
                       ------

Interest Payment Dates:  Quarterly on
                         ------------
the 1st day of each November, February,
- --------------------------------------
May and August
- --------------

Interest Reset Dates:  Quarterly on
                       ------------
the 1st day of each November, February,
- --------------------------------------
May and August
- --------------

Interest Determination Dates:  2nd
                               ---
London Market Day preceding Interest
- ------------------------------------
Reset Date
- ----------


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