KEYCORP /NEW/
424B2, 1996-05-23
NATIONAL COMMERCIAL BANKS
Previous: REYNOLDS & REYNOLDS CO, 15-12B, 1996-05-23
Next: SOUTHERN NATIONAL CORP /NC/, 424B5, 1996-05-23



<PAGE>   1
PRICING SUPPLEMENT NO. 10, DATED:  May 23, 1996                   
to Prospectus Supplement Dated April 21, 1995                    RULE 424(b)(2)
                                            REGISTRATION STATEMENT NO. 33-58405





                                     KEYCORP


                                  $100,000,000

                  /X/ SENIOR MEDIUM-TERM NOTES, SERIES C
                  / / SUBORDINATED MEDIUM-TERM NOTES, SERIES B


     / /   Floating Rate Notes                   /X/   6.75% Fixed Rate Notes
     /X/   Book-Entry Notes                      / /   Certificated Notes



     Original Issue Date:  May 29, 1996
     Maturity Date:  May 29, 2001
     Issue Price:  99.599%
     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
Covenant Defeasance:             / /  Yes  /X/ No     Length of Extension Period:            / / Yes     /X/ No

Minimum Denominations: / / $1,000  /X/ Other:  $100,000 minimum and $1,000 increments thereof
</TABLE>


                              FIXED RATE NOTES ONLY
                              ---------------------

Interest Computation Period:  Semi-annual

Interest Payment Dates:  May 29 and November 29 each year

Regular Record Dates if other than May 16 and November 16: May 14 and
November 15 each year


<PAGE>   2

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

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


            / / CD Rate                         / / Treasury Rate    
            / / Commercial Paper Rate           / / CMT Rate         
            / / Federal Funds Rate              / / COFI Rate        
            / / LIBOR                           / / Other (specify): 
            / / Prime Rate                                           
                


Initial Interest Rate:                      Total Amount of OID:

                                            Yield to Maturity:

Index Maturity:                             Initial Accrual Period OID
                                               and Designated Method:

                                            Interest Determination Date:

Spread (Plus or minus):                     Interest Reset Period:

                                            Interest Reset Dates:

Maximum Interest Rate:                      Interest Payment Dates:

                                            Calculation Date:

Minimum Interest Rate:                      Spread Multiplier:

                                            Telerate Page:

Calculation Agent:  Society National Bank   Other Terms (if any):

 ...............................................................................

<TABLE>
<CAPTION>
<S>       <C>                                   <C>
AGENT:    / / Salomon Brothers Inc              Agent's Discount or Commission:  $401,000 (.401%)
- -----     / / CS First Boston Corporation       Trade Date:  May 22, 1996        
          / / Goldman, Sachs & Co               Proceeds to KeyCorp:  $99,599,000
          /X/ J.P. Morgan Securities Inc.
</TABLE>

<TABLE>
<CAPTION>
<S>                     <C>
/ / 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>


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