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RULE 424(b)(3)
REGISTRATION NO. 333-40669
PRICING SUPPLEMENT NO. 4
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: May 14, 1998
Medium-Term Notes Due
May 14, 2001
Principal Amount: $50,000,000 Maturity Date: May 14, 2001
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: 5.945% Interest Payment Dates:
Semiannually, on May 14 and November
14 each year, beginning on
November 14, 1998 and ending on the
Maturity Date
Commission or discount (as CUSIP No: 459 20Q AV6
a percentage of Principal
Amount): 0.00%
Redemption Provisions: NONE
Form: [X] Book-Entry
[ ] Certificated
This Pricing Supplement serves to add to the description of the Notes referred
to in the accompanying Prospectus Supplement and Prospectus. This Pricing
Supplement also serves to modify the terms set forth in the Prospectus
Supplement and Prospectus to the extent the description of the Notes in this
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Pricing Supplement is not consistent with those same terms 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 following Business Day. No
additional interest will accrue as a result of any delay in payment. For
purposes of this offering, a "Business Day" as used here, as well as 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 which are used, but are not defined in this Pricing Supplement, have the
meanings 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 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: May 11, 1998
