PRICING SUPPLEMENT NUMBER 13 Filed Under Rule
(TO PROSPECTUS DATED NOVEMBER 28, 1995) 424(b)(2) and 424(c)
CUSIP 71345L EB-0 File No. 33-64243
$25,000,000
PepsiCo, Inc.
6.50% CALLABLE DEBT SECURITIES DUE JANUARY 28, 2013
Interest Payable Monthly
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Underwriter: Bear, Stearns & Co. Inc.
Initial Offering Price: 100.00%.
Underwriter's Discount: 0%
Currency: U. S. Dollars
Date of Issue: January 28, 1998
Issuance form: Book entry
Scheduled Maturity Date: January 28, 2013
Interest Rate: 6.50% per annum
Day count basis: 30/360
Interest Accrual Date: January 28, 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: Monthly on the 28th of each month,
commencing February 28, 1998, and
ending on the Scheduled Maturity
Date or an earlier Optional Redemption
Date.
Principal Payment Date: Scheduled Maturity Date, or an earlier
Optional Redemption Date.
Business Days: New York
Calculation Agent: PepsiCo, Inc.
Optional Redemption Dates: The 6.50% Callable Debt Securities
Due January 28, 2013, (the "Notes")
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 January 28, 1999
or any subsequent Interest Payment
Date prior to the Scheduled Maturity
Date, upon 15 days written notice by
PepsiCo to the Trustee under the
Indenture dated as of December 14,
1994 for the benefit of the holders of
such Notes.
Option to elect prepayment: None
Sinking fund: Not applicable
Settlement Date: January 28, 1998
The Notes will be purchased by the Underwriter at 100.00% of their principal
amount, and will be offered to the public at varying prices to be determined by
the Underwriter based on prevailing market prices at the time of sale.
For U.S. federal income tax purposes, the Notes 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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BEAR, STEARNS & CO. INC.
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January 8, 1998
