Pricing Supplement Dated September 16, 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 AV8
Unconditionally Guaranteed as to Payment of Principal, Premium, if any, and
Interest by NYNEX Corporation
Trade Date: September 16, 1994
Principal Amount: $25,000,000
Specified Currency: U.S. Dollars
Option to Elect Payment in Specified Currency (only applicable if Specified
Currency is other than U.S. Dollars): Yes No
Authorized Denominations (only applicable if Specified Currency is
other than U.S. Dollars):
Issue Price: See Attached Annex
Selling Agent's Commission: 0%
Interest Rate: See Attached Annex
Interest Payment Dates: See Attached Annex
Stated Maturity: September 30, 2004
Original Issue Date: September 30, 1994
Date of Note, if other than
Original Issue Date: Not Applicable
Net Proceeds to Issuer: $25,000,000
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: The Notes may be redeemed in whole or in part at the option
of the Company on any March 30 or September 30, commencing
September 30, 1996, at a price equal to 100% of the principal
amount thereof, plus accrued interest to redemption date.
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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 at the
option of the Company
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: See Annex
Annex Attached: X Yes No
Lehman Brothers Morgan Stanley & Co.
Incorporated
J.P. Morgan Securities Inc. X Salomon Brothers Inc
<PAGE>
ANNEX
ANNEX TO PRICING SUPPLEMENT DATED September 16, 1994 (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 67077E AV8
Unconditionally Guaranteed as to Payment of Principal, Premium if any, and
Interest by NYNEX Corporation
Issue Price: The agent has purchased the notes as principal
at 100% of the principal amount for resale to
dealers and investors at varying prices.
Interest Rate: From September 30, 1994 through
September 29, 1995 8.000%
From September 30, 1995 through
September 29, 1996 8.000%
From September 30, 1996 through
September 29, 1997 8.125%
From September 30, 1997 through
September 29, 1998 8.250%
From September 30, 1998 through
September 29, 1999 8.375%
From September 30, 1999 through
September 29, 2000 8.500%
From September 30, 2000 through
September 29, 2001 8.625%
From September 30, 2001 through
September 29, 2002 8.750%
From September 30, 2002 through
September 29, 2003 9.000%
From September 30, 2003 through
September 29, 2004 10.000%
Interest Payment Dates: Semi-Annually on each March 30 and
September 30, commencing March 30, 1995.
