Pricing Supplement Dated October 27, 1994 Rule 424(b)(2)
File Nos. 33-34401
33-34401-01
33-51147
33-51147-01
(To Prospectus dated January 27, 1994 and
Prospectus Supplement dated March 3, 1994)
NYNEX CAPITAL FUNDING COMPANY
Medium-Term Notes, Series B
(Fixed Rate) CUSIP NO. 67077E BQ8
Unconditionally Guaranteed as to Payment of Principal, Premium,
if any, and Interest by NYNEX Corporation
Trade Date: October 27, 1994
Principal Amount: $1,000,000
Specified Currency: U.S. Dollars
Option to Elect Payment in Specified Currency (only applicable if Specified
Currency is other than U.S. Dollars): N/A
Authorized Denominations (only applicable if Specified Currency is
other than U.S. Dollars): N/A
Issue Price: 100%
Selling Agent's Commission: .50%
Interest Rate: 8.13%
Interest Payment Dates: March 15 and September 15 of each year, commencing
March 15, 1995, and otherwise as described in the Prospectus Supplement
Stated Maturity: November 1, 1999
Original Issue Date: November 1, 1994
Date of Note, if other than
Original Issue Date: N/A
Net Proceeds to Issuer: $995,000
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY
OF THIS PRICING SUPPLEMENT, THE PROSPECTUS SUPPLEMENT OR THE
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Form:
X Book-Entry:
Certificated:
Redemption:
X The Notes cannot be redeemed prior to Stated Maturity:
The Notes may be redeemed prior to Stated Maturity:
Initial Redemption Date:
Initial Redemption Price: %
Annual Reduction Percentage: %
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2
Extension Provisions:
X The Stated Maturity of the Notes cannot be extended
The Stated Maturity of the Notes can be extended
Extension Periods:
Final Maturity:
Repayment:
X The Notes cannot be repaid prior to Stated Maturity
The Notes can be repaid prior to Stated Maturity at the
option of the holder of the Note
Repayment Date:
Repayment Price: %
Optional Reset Provisions:
X The interest rate on the Notes cannot be reset
The interest rate on the Notes can be reset at the option
of the Company
Optional Reset Dates:
Discounted Security: Yes X No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period
Trustee Notification Dates:
Indexed Note (Other than Currency Indexed): Yes X No
Applicable Index:
Method by which principal and interest will be determined:
Currency Indexed Note: Yes X No
Base Exchange Rate:
Determination Agent:
Denominated Currency:
Face Amount:
Indexed Currency:
Dual Currency Note: Yes X No
Face Amount Currency:
Optional Payment Currency:
Designated Exchange Rate:
Option Election Dates:
Amortizing Note: Yes X No
Payments of principal and interest will be made quarterly
Payments of principal and interest will be made semiannually
Amortization Schedule is attached hereto as Annex A
Other Provisions: N/A
Annex Attached: Yes X No
Lehman Brothers Morgan Stanley & Co.
Incorporated
X J.P. Morgan Securities Inc. Salomon Brothers Inc
