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PRICING SUPPLEMENT NO. 7, DATED: August 11, 1995
to Prospectus Supplement Dated April 21, 1995
RULE 424(b)(2)
REGISTRATION STATEMENT NO. 33-58405
KEYCORP
$3,000,000
[X] SENIOR MEDIUM-TERM NOTES, SERIES C
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES B
[X] Floating Rate Notes [ ] % Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
Original Issue Date: August 15, 1995
Maturity Date: August 15, 2000
Issue Price: 99.995%
Paying Agent: Society National Bank
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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
Length of Extension Period: [ ] Yes [X] No
Minimum Denominations: [X] $1,000 [ ] Other:
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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:
----------
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<CAPTION>
<S> <C> <C>
[ ] CD Rate [ ] Treasury Rate
[ ] Commercial Paper Rate [ ] CMT Rate
[ ] Federal Funds Rate [ ] COFI Rate
[X] LIBOR [ ] Other (specify):
[ ] Prime Rate
Initial Interest Rate: 3-month LIBOR set on Total Amount of OID: -0-
August 11, 1995 plus .35%
Yield to Maturity: N/A
Index Maturity: 3-month LIBOR Initial Accrual Period OID
and Designated Method: N/A
Interest Determination Date: Two London business days prior
to applicable Interest Reset Date
Spread (Plus or minus): +.35% Interest Reset Period: Two London business days prior to
applicable Interest Reset Date
Interest Reset Dates: Quarterly on the 15th day of
February, May, August and November (or next New York
business day) except that the initial interest payment
will be made on Novermber 15, 1995
Maximum Interest Rate: 10% Interest Payment Dates: Quarterly on the 15th day of
February, May, August and November (or next New York
business day) except that the initial interest payment
will be made on November 15, 1995
Calculation Date:
Minimum Interest Rate: N/A Spread Multiplier: N/A
Telerate Page: 3750
Calculation Agent: Other Terms (if any): N/A
- -------------------------------------------------------------------------------------------------------
<S> <C> <C>
AGENT: [ ] Salomon Brothers Inc Agent's Discount or Commission: $150 (.005%)
- ----- [X] CS First Boston Corporation Trade Date: August 11, 1995
[ ] Goldman, Sachs & Co Proceeds to KeyCorp: $2,999,850
[ ] J.P. Morgan Securities 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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