Pricing Supplement No. 22 Dated 3/16/95 Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and File No. 33-50232
Prospectus Supplement dated March 9, 1995) CUSIP No. 78355H FM6
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 11
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $5,000,000
Issue Price: 100
Issue Date: 3/23/95
Maturity Date: 3/23/00
Interest Rate: 7.43%
Form: [x] Book Entry [ ] Certificated
Redemption: [x] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Terms of Redemption: --
Repayment at option of holder: [x] The holder has no option to
elect repayment of the Notes
prior to maturity.
[ ] The Notes are repayable
prior to maturity at the
option of holder.
Terms of Repayment: --
Discount note: [ ] Yes [x] No
Total Amount of OID: --
Yield to Maturity: --
Initial Accrual Period OID: --
Name of Agent and Agent's Discount or Commission:
Morgan Stanley & Co. $25,000
Additional Terms:
