RULE 424(b)(3)
REGISTRATION NO. 333-21073
PRICING SUPPLEMENT NO. 2 TO
PROSPECTUS DATED MARCH 6, 1997
(As supplemented April 2, 1997)
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 June 12, 1997
December 15, 1998
Principal Amount: $250,000,000 Maturity Date:
December 15, 1998
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100% Fifteenth calendar day,
whether or not a Business
Day, immediately preceding
the corresponding Interest
Payment Date
Interest Rate: 6.12% Interest Payment Dates
December 15, 1997, June 15, 1998
and Maturity Date
Commission or discount (as CUSIP: 459 20Q AK0
a percentage of Principal
Amount): 0.0%
Redemption Provisions:
The Notes are not redeemable
by the Company.
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 not redeemable by the Company.
PLAN OF DISTRIBUTION
The Notes will be sold to Merrill Lynch & Co. at the Issue Price set forth
above for resale to one or more investors at varying prices related to
prevailing market prices at the time of resale.
Dated: June 9, 1997
