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Filed pursuant to Rule 424(b)(3).
This amended pricing supplement relates to
Registration Statement Nos. 33-52695
and 333-17913.
Pricing Supplement No. 121 Dated December 9, 1999
(To Prospectus Dated September 23, 1998 and
Prospectus Supplement Dated September 23, 1998)
PAINE WEBBER GROUP INC.
Multiple Currency
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Medium-Term Senior Notes, Series C
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Due from Nine Months to 30 Years from Date of Issue
(FIXED RATE NOTES)
Designation: Medium Term Senior Notes, Series C
Original Issue Date: December 14, 1999
Principal Amount: $35,000,000
Interest Rate Basis: [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Federal Funds Rate
[X] LIBOR
[ ] Bloomberg Page BTMM
[X] Telerate Screen Project 3750
[ ] Reuters Screen LIBO Page
[ ] Treasury Rate
2 Year Treasury Constant Maturities
(H.15) Telerate Screen Page 7055
Index Maturity: Monthly
Spread: 1 Month LIBOR + 18
Regular Record Dates: 15 Days Prior to the Interest Payment Dates
Interest Determination Dates: Two London Business Days Prior to the
Interest Payment Dates
Interest Payment Dates: Same as Interest Reset Dates
Interest Reset Dates: The 12th Day of Each Month; Commencing
January 12, 2000
Specified Currency in which
Denominated: U.S. Dollars
Stated Maturity: December 12, 2000
Issue Price (As a Percentage
of Principal Amount): 100%
Redemption and Early The Note cannot be redeemed
Repayment Provisions: prior to Stated Maturity
Note(s) Represented By: [X] Global Note
[ ] Certificated Note(s)
