PRICING SUPPLEMENT NUMBER 8 Filed Under Rule
(To Prospectus dated January 11, 1995) 424(b)(2) and 424(c)
CUSIP 71345L CT-3 File No. 33-57181
$35,000,000
PEPSICO, INC.
7.50% Callable Debt Securities Due April 24, 2002
Interest Payable Monthly
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Underwriter: Lehman Brothers Inc.
Initial Offering Price: 100.00%
Underwriter's Discount: 0.00%
Currency: U. S. dollars
Date of Issue: April 24, 1995
Issuance form: Book entry.
Scheduled Maturity Date: April 24, 2002
Coupon: 7.50% per annum
Day count basis: 30/360
Interest Accrual Date: April 24, 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: Monthly on the 24th of each month, commencing
May 24, 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 7.50% Callable Debt Securities Due
April 24, 2002 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 April 24, 1996, 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: April 24, 1995
The 7.50% Callable Debt Securities Due April 24, 2002 will be purchased
by the Underwriter 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 7.50% Callable Debt Securities Due April
24, 2002 directly to the public initially at the Initial Offering Price
of such Debt Securities. After the 7.50% Callable Debt Securities Due
April 24, 2002 are released for sale to the public, the offering price
and other selling terms may from time to time be varied by the
Underwriter.
For U.S. federal income tax purposes, the 7.50% Callable Debt
Securities Due April 24, 2002 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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Lehman Brothers Inc.
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March 29, 1995
