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Pricing Supplement Number 4, dated December 14, 1998 Rule 424(b)(3)
(To Prospectus dated December 7, 1998 and File Nos. 333-00801 and 333-66981
Prospectus Supplement dated December 8, 1998) CUSIP: 86732PAA6
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<CAPTION>
SUNDSTRAND CORPORATION
MEDIUM-TERM NOTES - FIXED RATE NOTE
- ------------------------------------------------------------------------------------
<S> <C> <C> <C>
PRINCIPAL AMOUNT: $55,500,000.00 INTEREST RATE: 5.60% per annum
- ------------------------------------------------------------------------------------
AGENTS DISCOUNT OR COMMISSION: $69,375.00 STATED MATURITY DATE: OCTOBER 15, 1999
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NET PROCEEDS TO ISSUER: $55,430,625.00 ORIGINAL ISSUE DATE: DECEMBER 17, 1998
- ------------------------------------------------------------------------------------
INTEREST PAYMENT DATES: June 1, 1999 and on the Stated Maturity Date
REDEMPTION:
X The Notes cannot be redeemed prior to the Stated Maturity Date.
- ---
The Notes may be redeemed prior to the Stated maturity Date.
- ---
Initial Redemption Date: not applicable
Initial Redemption Percentage: %
-----
Annual Redemption Percentage Reduction: % until Redemption
-----
Percentage is 100% of the principal amount
OPTIONAL REPAYMENT:
X The Notes cannot be repaid prior to the Stated Maturity Date.
- ---
The Notes may be repaid prior to the Stated Maturity Date at the option
- --- of the holder of the Notes.
Optional Repayment Dates: not applicable
Repayment Price: %
-----
CURRENCY:
Specified Currency: U.S. dollars
(If other than US dollars, see attached)
Minimum Denominations: not applicable
(Applicable only if Specified Currency is other that U.S. dollars)
ORIGINAL ISSUE DISCOUNT: Yes X No
--- ---
Total amount of OID: not applicable
Yield to Maturity: not applicable
Initial Accrual Period: not applicable
FORM: X Book Entry Certificated
--- ---
AGENTS: X Merrill Lynch & Co. X First Chicago Capital Markets, Inc.
--- ---
X NationsBanc Montgomery Securities LLC Other:
--- ---
AGENTS ARE ACTING IN THE CAPACITY AS INDICATED BELOW:
As Agent: The Notes are being offered at a fixed initial offering price
- --- of % of Principal Amount
----
X As Principal:
- ---
X The Notes are being offered at varying prices related to prevailing
--- market prices at the time of resale.
The Notes are being offered at a fixed initial public offering price of
--- % of the principal amount.
----
OTHER PROVISIONS:
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The Agents have agreed to purchase, severally and not jointly, the
following aggregate principal amount of the Medium-Term Notes set forth
opposite their names below:
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<CAPTION>
Principal Amount of
------------------
Name Medium-Term Notes
---- ------------------
<S> <C>
Merrill Lynch, Pierce, Fenner & Smith
Incorporated.........................................$36,075,000
First Chicago Capital Markets, Inc................................ 9,712,500
NationsBanc Montgomery Securities LLC............................. 9,712,500
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Total....................................................$55,500,000
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