Pricing Supplement No. 1, dated August 9, 1999
(To Prospectus dated April 30, 1999 and Rule 424(b)(3)
Prospectus Supplement dated June 3, 1999) File No. 333-75827
Maytag Corporation
Medium-Term Notes, Series D, Floating Rate
- Trade Date: August 5, 1999 - Interest Rate: See Below
- Original Issue Date: August 10, - Interest Payment Date(s): Each
1999 March 15, June 15, September 15 and
- Principal Amount: $40,000,000 December 15 - commencing
- Specified Currency: September 15, 1999
X U.S. dollars - Stated Maturity: September 17, 2001
Other - Net Proceeds to Issuer: $39,900,000
- Paying Agent: The First National - Authorized Denominations: $1,000
Bank of Chicago - Regular Record Date: Each March 1,
- Issue Price: 100% June 1, September 1 and December 1
- Selling Agent's commission: .25% - Overdue Rate: N/A
- CUSIP: 57859HBP8
- - -Form: X Book-Entry -Depositary: The Depository Trust
Company
____ Certificated -Sinking Fund: ____
-Amortizing Note:____
- - -Interest:
- - -Rate Basis:____Commercial Paper Rate ____CD Rate ____CMT Rate
____Federal Funds Rate ____11th District Cost of Funds
Rate
____Treasury Rate X LIBOR Telerate ____Prime Rate
____Other (see
attached)
- Initial Interest Rate: 5.45% - Interest Determination Dates:
- Reset Period: Quarterly Second London Business Day prior
- Interest Reset Dates: Each March to each Interest Reset Date
15, June 15 September 15 and - Index Maturity: Three Months
December 15 - commencing - Minimum Interest Rate: N/A
September 15, 1999 - Maximum Interest Rate: N/A
- Spread: plus 0.08% - Calculation Agent: The First
- Spread Multiplier: N/A National Bank of Chicago
- - -Optional Redemption: X The Notes cannot be redeemed prior to maturity
____ The Notes may be redeemed prior to maturity
-Initial Redemption Date:
-Initial Redemption Percentage:
-Annual Redemption Percentage Reduction:
- - -Option to Elect Repayment:
X The Notes cannot be repaid prior to maturity
____ The Notes can be repaid prior to maturity at the option of
the holder
-Optional Repayment Price(s):
-Optional Repayment Date(s):
- - -Interest Rate Reset Option: _____Yes
X No
-Optional Reset Dates:
-Basis for Interest Rate Reset:<PAGE>
- - -Stated Maturity Extension Option: _____Yes
X No
-Extension Period(s) and
Final Maturity Date:
-Interest Rate During Extension Period:
- - -Original Issue Discount Note: ____ Yes
X No
-Total Amount of OID:
-Original Yield to Maturity:
-Initial Accrual Period OID:
-Issue Price:
- - -Name of Agent: Lehman Brothers Inc.
- - -Capacity: X Agent____Principal
- - -If as principal:____ The Notes are being offered at varying prices related
to prevailing market prices at the time of resale.
____ The Notes are being offered at a fixed initial public
offering price ____% of Principal Amount. The Notes
are being reoffered to dealers with a reallowance not
to exceed ___% of the Commission or Fee.
Other Provisions: Annex Attached: ____
