Pricing Supplement dated August 18, 1994 Rule 424(b)(2) (To Prospectus dated April 7, 1994 and File No. 33-50983 Prospectus Supplement dated April 7, 1994) W. R. GRACE & CO.-CONN. Medium-Term Notes, Series A (Fixed Rate) Unconditionally guaranteed by W. R. Grace & Co. - -------------------------------------------------------------------------------- Trade Date: August 18, 1994 Original Issue Date: August 25, 1994 Principal Amount: $10,000,000 Maturity Date: August 25, 1997 Specified Currency: U.S. dollars Net Proceeds to Issuer: $9,965,000 Issue Price: $10,000,000 Place of Payment: New York Selling Agent's Commission: 35 basis points Interest Rate: 7.22% - -------------------------------------------------------------------------------- Form: X Global Note Certificated Note ----- ----- Redemption at the option of the Company prior to maturity: Yes X No ----- ----- Repayment at the option of the Holder prior to maturity: Yes X No ----- ----- Discount Note: Yes X No ----- ----- Optional Interest Rate Reset: Yes X No ----- ----- Capacity: Agent X Principal ----- ----- If as principal: _____ The Notes are being offered at varying prices related to prevailing market prices at the time of resale. X The Notes are being offered at a fixed initial ----- public offering price of 100% of Principal Amount. The Notes are being reoffered to dealers with a reallowance not to exceed 58% of the commission or fee. X Salomon Brothers Inc - ----- J.P. Morgan Securities Inc. ------ UBS Securities Inc. -----