KEYCORP /NEW/
424B2, 1995-08-25
NATIONAL COMMERCIAL BANKS
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<S>                                                                                            <C>
PRICING SUPPLEMENT NO. 8, DATED: August 25, 1995                                                                     RULE 424(b)(2)
to Prospectus Supplement Dated April 21, 1995                                                   REGISTRATION STATEMENT NO. 33-58405





                                                              KEYCORP


                                                            $30,000,000
                                                                 
                                         /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 28, 1995
                 Maturity Date:  August 28, 2000
                 Issue Price:  99.93491%
                 Paying Agent:  Society National Bank


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:
                                                            ----------
<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 August                  Total Amount of OID:  -0-
      24, 1995 plus .18%
                                                                     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):  + .18%                                      Interest Reset Period:  Two London business days prior to
                                                                        applicable Interest Reset Date

                                                                     Interest Reset Dates:  Quarterly on the 28th day of November,
                                                                        February, May and August (or next New York business day)

Maximum Interest Rate:  N/A                                          Interest Payment Dates:  Quarterly on the 28th day of November,
                                                                        February, May and August (or next New York business day)

                                                                     Calculation Date:

Minimum Interest Rate:  N/A                                          Spread Multiplier:  N/A

                                                                     Telerate Page:  3750
                                                                     
Calculation Agent: Society National Bank                             Other Terms (if any):  N/A

------------------------------------------------------------------------------------------------------------------------------------

AGENT:     /X/ Salomon Brothers Inc                                         Agent's Discount or Commission:  $19,527 (.06509%)
-----      / / CS First Boston Corporation                                  Trade Date:  August 23, 1995
           / / Goldman, Sachs & Co                                          Proceeds to KeyCorp:  $29,980,473
           / / 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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