PRICING SUPPLEMENT NUMBER 18 Filed Under Rule
(TO PROSPECTUS DATED NOVEMBER 28, 1995) 424(b)(2) and 424(c)
CUSIP 71345L EG 9 File No. 33-64243
$2,000,000,000
PepsiCo, Inc.
FLOATING RATE NOTES DUE AUGUST 19, 1999
Interest Payable Quarterly
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Type of Securities: Floating Rate Debt Securities
Lead Underwriter: Credit Suisse First Boston Corporation
Co-Manager: Chase Securities Inc.
Initial Purchase Price: 99.98134%
Underwriters' Discount: See below
Currency: U. S. Dollars
Date of Issue: August 19, 1998
Issuance form: Book entry
Scheduled Maturity Date: August 19, 1999
Base Rate: LIBOR
Index Maturity: Three Month
Spread: Minus 19 basis points (minus 0.19%)
Interest Period: Quarterly
Interest Reset Dates: Quarterly on August 19, 1998,
November 19, 1998, February 19, 1999 and
May 19, 1999. If any Interest Reset Date
falls on a date that is not a Business Day,
such Interest Reset Date will be the next
succeeding Business Day.
Interest Determination Dates: Two London Business Days prior to each
Interest Reset Date
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Daycount basis: Actual/360
Interest Accrual Date: August 19, 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.
Interest Payment Dates: Quarterly on November 19, 1998,
February 19, 1999, May 19, 1999 and the
Scheduled Maturity 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.
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: August 19, 1998
The Floating Rate Notes Due August 19, 1999 (the "Notes") will be purchased by
the Lead Underwriter and Co-Manager (collectively, the "Underwriters"),
severally and not jointly, at 99.98134% of their principal amount, and will be
offered to the public at varying prices to be determined by the Underwriters
based on prevailing market prices at the time of sale. Any discounts,
commissions or profits on resale received by the Underwriters may be deemed
underwriting discounts or commissions. The Company has paid no Underwriters'
discount.
For U.S. federal income tax purposes, the Notes will be treated as Floating 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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CREDIT SUISSE FIRST BOSTON CHASE SECURITIES INC.
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August 11, 1998
