PRICING SUPPLEMENT NUMBER 16 Filed Under Rule
(To Prospectus dated January 11, 1995) 424(b)(2) and 424(c)
CUSIP 71345L DB 1 File No. 33-57181
$35,000,000
PEPSICO, INC.
7.00% Callable Debt Securities Due July 12,
2005 Interest Payable Monthly
_______________________
Underwriter: Lehman Brothers Inc.
Initial Offering Price: 100.00%
Underwriter's Discount: 0.00%
Currency: U. S. Dollars
Date of Issue: July 12, 1995
Issuance form: Book entry
Scheduled Maturity Date: July 12, 2005
Coupon: 7.00% per annum
Day count basis: 30/360
Interest Accrual Date: July 12, 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 12th of each month, commencing
August 12, 1995 and ending on the Scheduled Maturity Date or an earlier
Optional Redemption Date.
Principal Payment Dates: Scheduled Maturity Date, or an earlier
Optional Redemption Date
Business Days: New York
Calculation Agent: PepsiCo, Inc.
Optional Redemption Dates: The 7.00% Callable Debt Securities Due July
12, 2005 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 July 12, 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: July 12, 1995
The 7.00% Callable Debt Securities Due July 12, 2005 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 7.00% Callable Debt Securities Due July 12,
2005 directly to the public initially at the Initial Offering Price of
such Debt Securities. After the 7.00% Callable Debt Securities Due
July 12, 2005 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 7.00% Callable Debt
Securities Due July 12, 2005 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.
____________________________
Lehman Brothers Inc.
____________________________
June 19, 1995
