RULE 424(b)(3)
REGISTRATION NO. 33-65119
PRICING SUPPLEMENT NO. 6 TO PROSPECTUS DATED FEBRUARY 7, 1996
(As supplemented April 18, 1996)
INTERNATIONAL BUSINESS MACHINES CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due One Year or More from Date of Issue)
Designation: Fixed Rate Original Issue Date:
Medium-Term Notes Due September 20, 1996
September 20, 2006
Principal Amount: $25,000,000 Maturity Date:
September 20, 2006
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): See "Plan Fifteenth calendar day,
of Distribution" below whether or not a Business
Day, immediately preceding
the corresponding Interest
Payment Date
Interest Rate: 7.125% per annum Interest Payment Dates
The 20th of each month,
commencing October 20,
1996 and ending on the
Maturity Date
Commission or discount (as a CUSIP: 45920Q AF1
percentage of Principal
Amount): 1.750%
Redemption Provisions:
The Notes are redeemable at the
option of the Company on each
March 20th and September 20th
Interest Payment Date occurring
on or after September 20, 1999.
Form: [X] Book-Entry
[ ] Certified
This Pricing Supplement supplements and, to the extent inconsistent
therewith, amends the description of the Notes referred to above in the
accompanying Prospectus Supplement and Prospectus.
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INTEREST
Interest on the Notes will be calculated based on a year of 360 days
consisting of 12 months of 30 days each.
If any payment of principal or interest is due on a day that is not a
Business Day, that payment may be made on the next succeeding Business Day.
No additional interest will accrue as a result of the delay in payment. For
purposes of the offering made hereby, "Business Day" as used herein and in
the accompanying Prospectus Supplement means each day on which commercial
banks and foreign exchange markets settle payments in The City of New York.
Capitalized terms used but not defined herein have the meanings assigned in
the accompanying Prospectus Supplement and Prospectus.
REDEMPTION
The Notes are redeemable by the Company on each March 20th and
September 20th Interest Payment Date occurring on or after the September
20, 1999 Interest Payment Date, in whole but not in part, on at least 30 days
prior notice at a redemption price of 100% of the principal amount thereof
plus accrued interest thereon to the date of redemption.
PLAN OF DISTRIBUTION
The Notes will be sold to Merrill Lynch, Pierce, Fenner & Smith
Incorporated at 98.25% of the Principal Amount set forth above for resale
to one or more investors at varying prices related to prevailing market prices
at the time of resale.
Dated: September 16, 1996
