-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, gz1B3o00eW9dFbzeXL7djTjMUWSWf3W7xcc2qcolsuEgT3d4RBIj7eWVqgPWBRM/ an4mX2ReiSzjrHpDNGcluw== 0000005907-95-000032.txt : 19950426 0000005907-95-000032.hdr.sgml : 19950426 ACCESSION NUMBER: 0000005907-95-000032 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19950425 SROS: BSE SROS: MSE SROS: NYSE SROS: PHLX SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AT&T CORP CENTRAL INDEX KEY: 0000005907 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 134924710 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-49589 FILM NUMBER: 95530989 BUSINESS ADDRESS: STREET 1: 32 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2123875400 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TELEPHONE & TELEGRAPH CO DATE OF NAME CHANGE: 19920703 424B3 1 1 Filed Pursuant to Rule 424 (b) (3) Registration No. 33-49589 Pricing Supplement No. 13 Dated: April 19, 1995 (To Prospectus dated June 23, 1993 and Prospectus Supplement dated October 8, 1993) AT&T Corp. Medium-Term Notes, Series A Due More than Nine Months From Date of Issue Fixed Rate Note Principal Amount: $25,000,000 Agent: Smith Barney Inc. acting as principal. Original Issue Date: April 28, 1995 Maturity Date: April 28, 2005 Issue Price: The agent has purchased the notes as principal at 100.00% of the Principal Amount for resale to investors at 100.00% of Principal Amount. See "Plan of Distribution" below. Specified Currency: U.S. Dollars Note Form: Book-Entry Interest Rate: From April 28, 1995 through April 27, 1996 7.35% From April 28, 1996 through April 27, 1997 7.45% From April 28, 1997 through April 27, 1998 7.55% From April 28, 1998 through April 27, 1999 7.65% From April 28, 1999 through April 27, 2000 8.00% From April 28, 2000 through April 27, 2001 8.25% From April 28, 2001 through April 27, 2002 8.50%% From April 28, 2002 through April 27, 2003 9.00% From April 28, 2003 through April 27, 2004 9.75% 2 From April 28, 2004 through April 27, 2005 10.50% Interest Payment Dates: Semi-annually on each October 28 and April 28 commencing on October 28, 1995. If the Interest Payment Date is not a New York Banking Day, interest will be paid on the next New York Banking Day. Accrual of Interest: Interest accrues up to, but not including, the next relevant Interest Payment Date from, and including, the next preceding Interest Payment Date to which interest has been paid (or from and including the Original Issue Date if no interest has been paid on the Notes) unless the Notes have been called for redemption as provided for below. Calculation Dates: N/A Calculation Agent: N/A Redemption: The Notes may be redeemed in whole only prior to maturity at the option of the Company. Optional Redemption Dates: On each April 28 and October 28 commencing on April 28, 1996 Optional Redemption Price: 100% of principal amount. Annual Redemption Price Reduction: N/A Repayment: The Notes cannot be repaid prior to maturity at the option of the holder. Renewal: The Notes cannot be renewed by the holder. Extension: The Notes cannot be extended prior to maturity. Dual Currency Notes: The Company can not make payments in an optional currency. Original Issue Discount: This Note is not a Discount Note or an Original Issue Discount Note. 3 Plan of Distribution See "Issue Price" above. The Agent (acting as principal) has advised the Company that it proposes to offer the Notes to to the public at 100% of the principal amount of the Notes. Taxation The following discussion of the United States federal income tax consequences of the ownership of the Notes supplements, and to the extent inconsistent with replaces, the discussion under the caption "Taxation" in the Prospectus Supplement dated October 8, 1993. Terms not defined herein have the same meanings as in the Prospectus Supplement. This discussion is based on regulations concerning the treatment of debt instruments issued with original issue discount (the "OID Regulations") and related provisions of the Code. The OID Regulations are effective for Notes issued on or after April 4, 1994. The Notes provide for interest payable semiannually at a fixed rate that increases annually, commencing on April 28, 1996, and they are callable at the option of the Company on any interest payment date, commencing on April 28, 1996, at 100% of their principal amount plus accrued and unpaid interest. Under the OID Regulations, as under the Proposed OID Regulations, the issuer of a debt instrument who has a call option will be presumed to exercise that call option if the yield of the debt instrument, assuming the call option is exercised, is lower than it would be if the call option were not exercised. If the call option is presumed to be exercised but the debt instrument in fact remains outstanding after the call date, the OID Regulations treat the debt instrument as if it had in fact been called and a new debt instrument were issued on such date for an amount equal to its adjusted issue price on that date. This redemption and reissuance are solely for purposes of the OID Regulations. Because the interest rate on the Notes increases each year, commencing on April 28, 1996, and because the Company has the right to call the Notes at 100% of their principal amount plus accrued and unpaid interest on each interest payment date, commencing on April 28, 1996, the Company intends to take the position that the call options exercisable on each interest payment date on which the interest rate on the Notes is increased will be presumed to be exercised. If the Company does not exercise a call option which is presumed to be exercised, the Notes will be treated as redeemed and reissued at 100% of their principal amount. As a result, the Notes will not bear original issue discount and stated interest on the Notes will be taxable to a United States Holder as ordinary income at the time that it is received or accrued, depending on the United States Holder's method of accounting. While the OID Regulations have amended many provisions of the Proposed OID Regulations, such amendments are not relevant to the Notes. -----END PRIVACY-ENHANCED MESSAGE-----