AIR PRODUCTS & CHEMICALS INC /DE/
424B3, 1995-09-07
INDUSTRIAL INORGANIC CHEMICALS
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<PAGE>   1
(To the Prospectus Dated April 27, 1995, and Prospectus                424(b)(3)
Supplement dated May 17, 1995)                                 File No. 33-57357

                        AIR PRODUCTS AND CHEMICALS, INC.
                           MEDIUM-TERM NOTES, SERIES D
                DUE FROM 9 MONTHS TO 20 YEARS FROM DATE OF ISSUE
                                FIXED-RATE NOTES

                                  -------------

Trade Date:  September 5, 1995            Original Issue Date: September 8, 1995
                       Maturity Date: September 7, 2007

<TABLE>
<CAPTION>
                                                                                                                 Interest Rate
         Range of Maturities                                                                                       Per Annum
         -------------------                                                                                     -------------
<S>                                                                                                              <C>
From 9 months to less than 1 year..............................................................................              %
                                                                                                                   ----------    
From 1 year to less than 18 months.............................................................................              %
                                                                                                                   ----------    
From 18 months to less than 2 years ...........................................................................              %
                                                                                                                   ----------    
From 2 years to less than 3 years..............................................................................              %
                                                                                                                   ----------    
From 3 years to less than 4 years..............................................................................              %
                                                                                                                   ----------    
From 4 years to less than 5 years..............................................................................              %
                                                                                                                   ----------    
From 5 years to less than 6 years..............................................................................              %
                                                                                                                   ----------    
From 6 years to less than 7 years..............................................................................              %
                                                                                                                   ----------    
From 7 years to less than 8 years..............................................................................              %
                                                                                                                   ----------    
From 8 years to less than 9 years..............................................................................              %
                                                                                                                   ----------    
From 9 years to less than 10 years.............................................................................              %
                                                                                                                   ----------    
From 10 years to less than 11 years............................................................................              %
                                                                                                                   ----------    
From 11 years to less than 12 years............................................................................       6.725  %
                                                                                                                   ----------    
From 12 years to less than 13 years............................................................................              %
                                                                                                                   ----------
From 13 years to less than 14 years............................................................................              %
                                                                                                                   ----------
From 14 years to less than 15 years............................................................................              %
                                                                                                                   ----------
From 15 years to less than 16 years............................................................................              %
                                                                                                                   ----------
From 16 years to less than 17 years............................................................................              %
                                                                                                                   ----------
From 17 years to less than 18 years............................................................................              %
                                                                                                                   ----------
From 18 years to less than 19 years............................................................................              %
                                                                                                                   ----------
From 19 years up to and including 20 years.....................................................................              %
                                                                                                                   ----------
</TABLE>

Principal Amount:  $30,000,000.00

Face Amount: $30,000,000.00

Issue Price:  Par

Net Proceeds to Issuer:  $29,812,500.00
<TABLE>
<S>                                                                            <C>
Specified Currency:  U. S. Dollars                                             Exchange Rate Agent:  N/A
(If other than U.S. dollars, see attached)

Interest Payment Dates:  Each June 15 and December 15 and at Maturity          Record Dates:  Each June 1 and December 1

Agent's Commission:  $187,500.00                                               Agent:   CS First Boston Corporation

Global Note:       /X/Yes      / /No                                           Form: /X/ Book-Entry  / /  Certificated
</TABLE>

Depositary:  DTC

Redemption:  Check box opposite applicable sentence.
      /X/The Notes cannot be redeemed prior to maturity.
      / /The Notes may be redeemed prior to maturity.
      Terms of Redemption:

Repayment:  Check the box opposite applicable sentence.
      /X/The Notes cannot be repaid prior to maturity.
      / /The Notes may be repaid prior to maturity.
      Terms of Repayment:

Additional Terms:


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