The issue is expected to carry a 15 1/2 percent coupon.

The notes, due in 1991, carry an 8 1/4 percent coupon and were priced at par.

Those bonds carry a 7 3/8 percent coupon and were priced at $99.25.

One of the term bonds offered matures in 2026, and carries a 7.5 percent coupon.

The notes carry a 5.5 percent coupon and are priced at 100.

Bonds in the remaining $450 million portion have a 30-year maturity and carry a 9.50 percent coupon.

The largest term bond carries a 7.35 percent coupon and matures in 2011.

The auction produced an average price of par, or 100, for notes carrying a 7 percent coupon.

The preferred capital notes carried a 7.67 percent coupon, with a 30-year maturity and a 10-year call provision.

The shares, carrying an 8 1/4 percent coupon, can be converted into Marriott common stock at $17.40 a share.