KEYCORP /NEW/
424B2, 1995-07-28
NATIONAL COMMERCIAL BANKS
Previous: SMITHFIELD FOODS INC, 10-K405, 1995-07-28
Next: SOUTHTRUST CORP, S-8, 1995-07-28



<PAGE>   1
<TABLE>
PRICING SUPPLEMENT NO. 4,    DATED: July 28, 1995                                               RULE 424(b)(2) 
to Prospectus Supplement Dated April 21, 1995                                   REGISTRATION STATEMENT NO. 33-58405
to Prospectus Dated April 21, 1995





                                                              KEYCORP
                                                                 
                                                            $40,000,000
                                                /x/ SENIOR MEDIUM-TERM NOTES, SERIES C 
                                                / / SUBORDINATED MEDIUM-TERM NOTES, SERIES B

<CAPTION>
       /x/ Floating Rate Notes                           / / _____% Fixed Rate Notes
       /x/ Book-Entry Notes                              / / Certificated Notes

       Original Issue Date: August 1, 1995
       Maturity Date: August 1, 2000
       Issue Price: 99.9%
       Paying Agent: Society National Bank

 <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 
 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:
</TABLE>

                                     -1-
<PAGE>   2
<TABLE>


                                                     FLOATING RATE NOTES ONLY
                                                     ------------------------

                                                            BASE RATE:
                                                            ----------


<CAPTION>
                                                 / / CD Rate                   / / Treasury Rate
                                                 / / Commercial Paper Rate     / / CMT Rate
                                                 / / Federal Funds Rate        / / COFI Rate
                                                 /X/ LIBOR                     / / Other (specify):________
                                                 / / Prime Rate




 <S>                                                            <C>
 Initial Interest Rate: 3-month LIBOR set on July 28, 1995      Total Amount of OID: N/A
                        plus .18%                               Yield to Maturity: N/A
 Index Maturity: 3-month LIBOR                                  Initial Accrual Period OID
                                                                  and Designated Method: N/A
 Spread (Plus or minus): + .18%                                 Interest Determination Date:
                                                                  Two London business days
 Maximum Interest Rate: N/A                                       prior to applicable Interest
                                                                  Reset Date
 Minimum Interest Rate: N/A                                     Interest Reset Period: Two
                                                                  London business days prior to
 Calculation Agent: Society National Bank                         applicable Interest Reset Date
                                                                Interest Reset Dates: Quarterly
                                                                  on first day of February, May,
                                                                  August and November (or next
                                                                  New York business day) except
                                                                  that first interest payment is due
                                                                  on November 1, 1995
                                                                Interest Payment Dates: Quarterly
                                                                  on first day of February, May,
                                                                  August and November (or next
                                                                  New York business day) except
                                                                  that first interest payment is due
                                                                  on November 1, 1995
                                                                Calculation Date:
                                                                Spread Multiplier: N/A
                                                                Telerate Page: 3750
                                                                Other Terms (if any):


 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AGENT:            ______ Salomon Brothers Inc                       Agent's Discount or Commission: $40,000 (.1%)
                  ______ CS First Boston Corporation                Trade Date: July 27, 1995
                  ______ Goldman, Sachs & Co                        Proceeds to KeyCorp: $39,960,000
                  ______J.P. Morgan Securities Inc.
                  ___X__Chemical 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
</TABLE>


                                      -2-


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission