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PRICING SUPPLEMENT NO. 2 DATED NOVEMBER 22, 1996 Rule 424(b)(3)
(To the Prospectus Dated May 1, 1996, and the File No. 333-02461
Prospectus Supplement dated May 16, 1996)
AIR PRODUCTS AND CHEMICALS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE
FLOATING-RATE NOTES
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Trade Date: November 22, 1996 Original Issue Date: November 27, 1996 Maturity Date: November 29, 1999
Principal Amount: $15,000,000.00
Face Amount: $15,000,000.00
Issue Price: Par
Specified Currency: U.S. Dollars Exchange Rate Agent: N/A
(If other than U.S. dollars, see attached)
U.S. Dollar Payment Options: N/A
Original Yield to Maturity: N/A Total Amount of OID: N/A
Base Rate: [ ]Commercial Paper Rate [X]LIBOR [ ]Treasury Rate [ ]Other:
Initial Interest Rate: 5.55% Interest Determination Dates:
Two London Business Days Prior to
Coupon Date
Reset Period: Quarterly Interest Reset Dates: Same as
Interest Payment Dates
Interest Payment Dates: February 28, May 29, Index Maturity: N/A
August 29, and November 29, Modified Following
Business Day
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread: 0.05%
Spread Multiplier: N/A Calculation Agent: Lehman Brothers Inc.
Agent's Commission: $12,450.00 Agent: Lehman Brothers Inc.
Net Proceeds to Issuer: $14,987,550
Global Note: [X]Yes [ ]No Form: [X]Book-Entry [ ]Certificated
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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