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PRICING SUPPLEMENT NO. 8, DATED: December 15, 1994 RULE 424(b)(5)
to Prospectus Supplement Dated August 10, 1994 REGISTRATION STATEMENT NO. 33-53643
to Prospectus Dated August 10, 1994
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KEYCORP
$5,000,000
[X] SENIOR MEDIUM-TERM NOTES, SERIES B
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES A
[X] Floating Rate Notes [ ] _____% Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
Original Issue Date: December 22, 1994
Maturity Date: December 22, 1999
Issue Price: 99.6625%
Paying Agent: Society National Bank
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Option to Elect Redemption: [ ] Yes [X] No Option to Extend Maturity: [ ] Yes [X] No
-------------------------- -------------------------
Redemption Date(s) Extended Maturity Dates:
Initial Redemption Percentage: Notice of Extension Date(s):
Annual Redemption Percentage Reduction:
Option to Elect Repayment: [ ] Yes [X] No Specified Currency (not U.S. Dollars): [ ] Yes [X] No
------------------------- --------------------------------------
Repayment Date(s): Authorized Denominations:
Repayment Price(s): Exchange Rate Agency:
Repurchase Price (if any): Optional Interest Rate Reset: [ ] Yes [X] No
Amortization Schedule (if any): Optional Interest Rate Reset Dates: [ ] Yes [X] No
Sinking Fund Defeasance: [ ] Yes [X] No Optional Extension of Maturity: [ ] Yes [X] No
Covenant Defeasance: [ ] Yes [X] No Length of Extension Period: [ ] Yes [X] No
Minimum Denominations: [X] $1,000 [ ] Other _________
FIXED RATE NOTES ONLY
---------------------
Interest Computation Period:
Interest Payment Dates:
Regular Record Dates if other than May 16 and November 16:
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FLOATING RATE NOTES ONLY
------------------------
BASE RATE:
----------
[ ] CD Rate [ ] Treasury Rate
[ ] Commercial Paper Rate [ ] CMT Rate
[ ] Federal Funds Rate [ ] COFI Rate
[x] LIBOR [ ] Other (specify):________
[ ] Prime Rate
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Initial Interest Rate: 3-month LIBOR +.25% to be Total Amount of OID: N/A
advised on December 20, 1994 Yield to Maturity: N/A
Initial Accrual Period OID
and Designated Method: N/A
Index Maturity: 3-month LIBOR Interest Determination Date: Two New York/London
business days prior to Interest Payment Date
Spread (Plus or minus): +.25% Interest Reset Period: Two New York/London
business days prior to Interest Payment Date
Maximum Interest Rate: N/A Interest Reset Dates: Quarterly reset on 22nd of March,
June, September and December
Minimum Interest Rate: N/A Interest Payment Dates: Quarterly on 22nd of March,
June, September and December
Calculation Agent: Society National Bank Calculation Date:
Spread Multiplier: N/A
Telerate Page: 3750
Other Terms (if any):
...................................................................................................................................
AGENT: ______ CS First Boston Corporation Agent's Discount or Commission: .3375% ($16,875)
- ----- __X___ Goldman, Sachs & Co. Trade Date: December 15, 1994
______ Kidder, Peabody & Co. Incorporated Proceeds to KeyCorp: $4,893,125
______ J.P. Morgan Securities
______ Salomon Brothers Inc.
______ Acting as Agent ______ Agent is acting as Agent for the sale of Notes by KeyCorp at a price of ____% of the principal
amount
__X__ Acting as Principal __X__ Agent is purchasing Notes from KeyCorp as Principal for resale to investors and other purchasers
at:
______ a fixed public offering price of ______% of the Principal amount
__X__ varying prices related to prevailing market prices at the time of resale to be determined
by such Agent
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