PRICING SUPPLEMENT NUMBER 12 Filed Under Rule
(TO PROSPECTUS DATED NOVEMBER 28, 1995) 424(b)(2) and 424(c)
CUSIP 71345L EA-2 File No. 33-64243
$250,000,000
PEPSICO, INC.
5.75% DEBT SECURITIES DUE JANUARY 1, 2003
Interest Payable Semiannually
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Type of Securities: Fixed Rate Debt Securities
Underwriters: Credit Suisse First Boston
UBS Securities LLC
Initial Offering Price: 99.576%
Underwriter's Discount: 0.256%
Currency: U. S. Dollars
Date of Issue: January 8, 1998
Issuance form: Book entry
Scheduled Maturity Date: January 1, 2003
Interest Rate: 5.75% per annum
Day count basis: 30/360
Interest Accrual Date: January 8, 1998, 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.
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Interest Payment Dates: Semiannually on each July 1 and
January 1, commencing July 1, 1998
and ending on the Scheduled Maturity
Date
Principal Payment Date: 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: January 8, 1998
Minimum Denomination: $10,000.00
The 5.75% Debt Securities Due January 1, 2003 (the "Debt Securities") will be
purchased by the Underwriters, severally and not jointly, at 99.320% of their
principal amount, and will be offered to the public at 99.576% of their
principal amount (the "Initial Offering Price"). The Underwriters have advised
PepsiCo that they intend to offer all or part of the Debt Securities directly to
the public initially at the Initial Offering Price of such Debt Securities.
After the Debt Securities 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 Debt Securities 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.
The Underwriters and certain of their affiliates have provided financial and
commercial banking services for PepsiCo from time to time, in the ordinary
course of business.
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CREDIT SUISSE FIRST BOSTON UBS SECURITIES
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January 5, 1998
