Rule 424(b)(3)
Registration No. 333-70521
PRICING SUPPLEMENT NO. 12
TO PROSPECTUS DATED March 9, 1999
(As supplemented March 11, 1999)
INTERNATIONAL BUSINESS MACHINES CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due from one year to 30 years from date of issue )
Designation: Fixed Rate Original Issue Date:
Medium-Term Notes Due August 17, 1999
August 17, 2000
Principal Amount: $300,000,000 Maturity Date:
August 17, 2000
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100.00% Fifteenth calendar day, whether
or not a Business Day prior to
the corresponding Interest
Payment Date.
Interest Rate: 5.95% Interest Payment Dates:
Annual, commencing and ending on
August 17, 2000.
Commission or Discount (as a
percentage of Principal Amount): 0.00%
CUSIP: 459 20Q CR3 Redemption Provisions: None
Form: [X] Book-Entry
[ ] Certificated
INTRODUCTION
This is a Pricing Supplement. It describes the Fixed Rate Notes 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 pricing and other information
about the Notes issued in this particular transaction. This Pricing
Supplement also amends the Prospectus Supplement and Prospectus to the extent
that the description of the Notes in this Pricing Supplement is different
from the terms which are set forth in the Prospectus Supplement and
Prospectus.
INTEREST
Interest on the Notes will be calculated based on the actual
number of days elapsed over a year of 360 days.
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 day which is a
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. We have capitalized a number of terms in this
document. If you do not see a definition for those terms in this document,
those terms will have the meanings which we have already given to them in
the Prospectus Supplement and the Prospectus.
REDEMPTION
The Notes are not redeemable by the Company.
PLAN OF DISTRIBUTION
Notes in the total Principal Amount of $300,000,000 will be sold
to Credit Suisse First Boston at the Issue Price set forth at the top
of this Pricing Supplement. They, in turn, will resell these Notes
to investors at varying prices, which prices are subject to prevailing
market conditions at the time of resale.
Dated: August 12, 1999
