KEYCORP /NEW/
424B2, 1995-08-03
NATIONAL COMMERCIAL BANKS
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<TABLE>
PRICING SUPPLEMENT NO. 5,    DATED: August 3, 1995                                            RULE 424(b)(2) 
to Prospectus Supplement Dated April 21, 1995                                   REGISTRATION STATEMENT NO. 33-58405
to Prospectus Dated April 21, 1995





                                                              KEYCORP
                                                                 
                                                            $10,000,000
                                                /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 7, 1995
       Maturity Date: August 7, 2000
       Issue Price: 99.93491%
       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:
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                                                     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 August 3, 1995     Interest Determination Date:                     
                        plus .18%                                 Two London business days                       
 Index Maturity: 3-month LIBOR                                    prior to applicable Interest                   
                                                                  Reset Date                                     
 Spread (Plus or minus): + .18%                                 Interest Reset Period: Two                       
                                                                  London business days prior to                  
 Maximum Interest Rate: N/A                                       applicable Interest Reset Date                 
                                                                Interest Reset Dates: Quarterly                  
 Minimum Interest Rate: N/A                                       on the seventh day of February, May,                 
                                                                  August and November (or next                   
 Calculation Agent: Society National Bank                         New York business day) except                  
                                                                  the first interest payment is due             
 Total Amount of OID: N/A                                         November 7, 1995                            
                                                                Interest Payment Dates: Quarterly                
 Yield to Maturity: N/A                                           on seventh day of February, May,                 
                                                                  August and November (or next                   
 Initial Accrual Period OID                                       New York business day) except                  
   and Designated Method: N/A                                     the first interest payment is due             
                                                                  on November 7, 1995                            
                                                                Calculation Date:                                
                                                                Spread Multiplier: N/A                           
                                                                Telerate Page: 3750                              
                                                                Other Terms (if any):                            
                                                                
                                                                
                                                                
                                                                
                                                                

 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AGENT:            ___X__ Salomon Brothers Inc                       Agent's Discount or Commission: $6,509 (.06509%)
                  ______ CS First Boston Corporation                Trade Date: August 2, 1995
                  ______ Goldman, Sachs & Co                        Proceeds to KeyCorp: $9,993,491
                  ______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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