PRICING SUPPLEMENT NO. 3 DATED SEPTEMBER 17, 1998 RULE 424(b)(2) (TO PROSPECTUS DATED JUNE 9, 1997 AND FILE NO. 33-64225 PROSPECTUS SUPPLEMENT DATED JUNE 9, 1997) NEWELL CO. MEDIUM-TERM NOTES, SERIES A $100,000,000 5.70%SENIOR NOTES ---------------------------------------------------------------------------- Trade Date: September 16, 1998 Original Issue Date: September 21, 1998 Principal Amount: $100,000,000 Initial Price to Public: 100% of Principal Amount, plus accrued interest, if any, from and including September 21, 1998 Interest Rate: 5.70% Interest Payment Dates: January 1 and July 1 of each year, commencing January 1, 1999 Maturity Date: September 22, 2003 Discount to Agent (as percentage of principal amount): .50% Net Proceeds to Company (as percentage of principal amount): 99.50% As of the date hereof, $425,000,000 in aggregate principal amount of Medium- Term Notes, Series A, of the Company have been sold (including the Notes to which this Pricing Supplement relates). ---------------------------------------------------------------------------- Form: /X/ Book-Entry /__/ Certificated Original Issue Discount Note: /__/ Yes /X/ No ---------------------------------------------------------------------------- Agent: Morgan Stanley Dean Witter Agent is acting in the capacity as indicated below: /__/ Agent /X/ Principal ---------------------------------------------------------------------------- MORGAN STANLEY DEAN WITTER