AMENDMENT NO. 1 TO
PRICING SUPPLEMENT NUMBER 13 Filed Under Rule
(To Prospectus dated January 11, 1995) 424(b)(2) and 424(c)
CUSIP 71345L CY-2 File No. 33-57181
$25,000,000
PEPSICO, INC.
6.65% Callable Debt Securities Due June 6, 2000
Interest Payable Semiannually
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Underwriter: Bear, Stearns & Co. Inc.
Initial Offering Price: 100.00%
Underwriter's Discount: 0.30%
Currency: U. S. Dollars
Date of Issue: June 6, 1995
Issuance form: Book entry
Scheduled Maturity Date: June 6, 2000
Coupon: 6.65% per annum
Day count basis: 30/360
Interest Accrual Date: June 6, 1995, or the most recent date for which
interest has been paid or provided for, as the case may be. Interest
will accrue from each Interest Accrual Date to but excluding the next
succeeding Interest Payment Date.
Interest Payment Dates: Semiannually on the 6th of December and June,
commencing December 6, 1995 and ending on the Scheduled Maturity Date
or an earlier Optional Redemption Date. If any Interest Payment Date
falls on a date that is not a Business Day, such Interest Payment Date
will be the next succeeding Business Day with no additional interest
accruing.
Principal Payment Dates: Scheduled Maturity Date, or an earlier
Optional Redemption Date
Business Days: New York
Calculation Agent: PepsiCo, Inc.
Optional Redemption Dates: The 6.65% Callable Debt Securities Due June
6, 2000 may be redeemed, in whole but not in part, at the option of
PepsiCo, at 100% of the principal amount thereof, plus accrued interest
to the date of such redemption, on June 6, 1997, or on any subsequent
Interest Payment Date prior to the Scheduled Maturity Date, upon 15
days' written notice by PepsiCo to the holders of such Notes.
Option to elect prepayment: None
Sinking fund: Not applicable
Settlement Date: June 6, 1995
The 6.65% Callable Debt Securities Due June 6, 2000 will be purchased
by the Underwriter at 99.70% of their principal amount, and will be
initially offered to the public at 100.00% of their principal amount
(the "Initial Offering Price"). The Underwriter has advised PepsiCo
that it intends to offer all or part of the 6.65% Callable Debt
Securities Due June 6, 2000 directly to the public initially at the
Initial Offering Price of such Debt Securities. After the 6.65%
Callable Debt Securities Due June 6, 2000 are released for sale to the
public, the offering price and other selling terms may be varied by the
Underwriter from time to time.
For U.S. federal income tax purposes, the 6.65% Callable Debt
Securities Due June 6, 2000 will be treated as Fixed Rate Debt
Securities, issued without OID. This treatment is consistent with the
applicable provisions of the Internal Revenue Code of 1986, as amended,
and the final OID regulations, which are generally effective for debt
instruments issued on or after April 4, 1994.
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Bear, Stearns & Co. Inc.
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June 1, 1995
