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RULE 424(b)(3)
REGISTRATION NO. 333-40669
PRICING SUPPLEMENT NO. 9
TO PROSPECTUS DATED December 10, 1997
(As supplemented December 12, 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: June 30, 1998
Medium-Term Notes Due
June 29, 2001
Principal Amount: $10,000,000 Maturity Date: June 29, 2001
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 99.973% Fifteenth calendar day,
whether or not a Business
Day, immediately preceding
the corresponding Interest
Payment Date
Interest Rate: 5.91% Interest Payment Dates:
Semiannually, on the 29th of June and
December, commencing December 29, 1998
Commission or discount (as CUSIP No: 459 20Q BA1
a percentage of Principal
Amount): 0.027%
Redemption Provisions: NONE
Form: [X] Book-Entry
[ ] Certificated
This is Pricing Supplement. It describes the Fixed Rate Notes now being issued
under the Medium Note Program of International Business Machines Corporation.
This document adds to, or 'supplements' the description of the Notes referred to
in the accompanying Prospectus Supplement and Prospectus. It does so by
providing specific information about the Notes being issued in
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this particular transaction. This document also serves to modify the Prospectus
Supplement and Prospectus to the extent that the description of the Notes in
this document is not consistent with the terms which are set forth in the
Prospectus Supplement and Prospectus.
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 this offering, the term "Business Day" 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 in this Pricing Supplement have
the meanings which have already been assigned to them 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 The Williams Capital Group, L.P. at the Issue
Price set forth above for resale to one or more investors at varying prices
related to prevailing market conditions at the time of resale.
Dated: June 25, 1998
