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PRICING SUPPLEMENT NO. 4, DATED: November 28, 1994 RULE 424(b)(5)
to Prospectus Supplement Dated August 10, 1994 REGISTRATION STATEMENT NO. 33-53643
to Prospectus Dated August 10, 1994
KEYCORP
$ 200,000,000
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/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 5, 1994
Maturity Date: December 5, 1996
Issue Price: 99.98%
Option to Elect Redemption: / / Yes /X/ No Option to Extend Maturity: / / Yes /X/ No
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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
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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
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Interest Computation Period:
Interest Payment Dates:
Interest Payment Dates if other than June 1 and December 1:
Regular Record Dates if other than May 16 and November 16:
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FLOATING RATE NOTES ONLY
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BASE RATE:
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/ / 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 set on Total Amount of OID: NA
December 1, 1994 plus .125%
Yield to Maturity: NA
Index Maturity: 3-month LIBOR
Initial Accrual Period OID
Spread (Plus or minus): +.125% and Designated Method: NA
Interest Determination Date: Second London
Maximum Interest Rate: NA banking day preceding the applicable
Interest Reset Date
Minimum Interest Rate: NA Interest Reset Period: Two business days prior
to the applicable Interest Reset Date
Paying Agent: Society National Bank Interest Reset Dates: Quarterly on fifth day
of March, June, September and December
Calculation Agent: Society National Bank (or next New York business day)
Interest Payment Dates: Quarterly on fifth
day of March, June, September and
December (or next New York business day)
Calculation Date:
Spread Multiplier: NA
Telerate Page: 3750
Other Terms (if any):
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AGENT: ______ CS First Boston Corporation Agent's Discount or Commission: .02%
___X__ Goldman, Sachs & Co. Trade Date: November 28, 1994
______ Kidder, Peabody & Co. Incorporated Proceeds to KeyCorp: $199,960,000
______ 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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