PRICING SUPPLEMENT NUMBER 12 Filed Under
(To Prospectus dated January 11, 1995) Rule 424(b)(2)
CUSIP No. 71345L CX-4 and 424 (c)
File No. 33-57181
$200,000,000
PEPSICO, INC.
Underwriters: Lehman Brothers Inc.
Bear, Stearns & Co. Inc.
Initial Offering Price: 99.852%
Underwriter's Discount: 0.30%
Currency: U. S. Dollars
Date of Issue: May 12, 1995
Issuance form: Book entry
Scheduled Maturity Date: May 15, 2000
Interest Rate: 6.80% per annum
Daycount basis: 30/360
Interest Accrual Date: May 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: Semiannually on each November 15 and May
15, commencing November 15, 1995 and
ending on the Scheduled Maturity Date.
Principal Payment Dates: Scheduled Maturity Date
Business Days: New York
Calculation Agent: PepsiCo, Inc.
Optional Redemption Dates: Not applicable
Option to elect prepayment: None
Sinking fund: Not applicable
Settlement Date: May 12, 1995
The 6.80% Debt Securities Due May 15, 2000 will be purchased by
the Underwriters, severally and not jointly, at 99.552% of their
principal amount, and will be initially offered to the public at
99.852% of their principal amount (the "Initial Offering Price").
The Underwriters have advised PepsiCo that they intend to offer
all or part of the 6.80% Debt Securities Due May 15, 2000
directly to the public initially at the Initial Offering Price of
such Debt Securities. After the 6.80% Debt Securities Due May
15, 2000 are released for sale to the public, the offering price
and other selling terms may from time to time be varied by the
Underwriters.
For U.S. federal income tax purposes, the 6.80% Debt Securities
Due May 15, 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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Lehman Brothers Inc. Bear, Stearns & Co. Inc.
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May 9, 1995