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PRICING SUPPLEMENT NO. 2 DATED May 23, 1996 Rule 424(b)(3)
(To the Prospectus Dated April 29, 1996, and File No.333-00589
Prospectus Supplement dated May 16, 1996)
AIR PRODUCTS AND CHEMICALS, INC.
MEDIUM-TERM NOTES, SERIES E
DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE
FIXED-RATE NOTES
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Trade Date: May 23, 1996 Original Issue Date: May 29, 1996 Maturity Date: May 29, 2026
Interest Rate
Range of Maturities Per Annum
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From 9 months to less than 1 year.................................................................................. %
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From 1 year to less than 18 months................................................................................. %
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From 18 months to less than 2 years ............................................................................... %
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From 2 years to less than 3 years.................................................................................. %
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From 3 years to less than 4 years.................................................................................. %
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From 4 years to less than 5 years.................................................................................. %
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From 5 years to less than 6 years.................................................................................. %
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From 6 years to less than 7 years.................................................................................. %
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From 7 years to less than 8 years.................................................................................. %
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From 8 years to less than 9 years.................................................................................. %
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From 9 years to less than 10 years................................................................................. %
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From 10 years to less than 11 years................................................................................ %
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From 11 years to less than 12 years................................................................................ %
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From 12 years to less than 13 years................................................................................ %
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From 13 years to less than 14 years................................................................................ %
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From 14 years to less than 15 years................................................................................ %
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From 15 years to less than 16 years................................................................................ %
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From 16 years to less than 17 years................................................................................ %
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From 17 years to less than 18 years................................................................................ %
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From 18 years to less than 19 years................................................................................ %
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From 19 years to less than 20 years................................................................................ %
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From 20 years to less than 21 years................................................................................ %
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From 21 years to less than 22 years................................................................................ %
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From 22 years to less than 23 years................................................................................ %
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From 23 years to less than 24 years................................................................................ %
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From 24 years to less than 25 years................................................................................ %
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From 25 years to less than 26 years................................................................................ %
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From 26 years to less than 27 years................................................................................ %
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From 27 years to less than 28 years................................................................................ %
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From 28 years to less than 29 years................................................................................ %
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From 29 years up to and including 30 years......................................................................... 7.56 %
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Principal Amount: $25,000,000.00
Face Amount: $25,000,000.00
Issue Price: Par
Net Proceeds to Issuer: $24,812,500.00
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Interest Payment Dates: Each June 15 and December 15
Initial Interest Payment Date: June 15, 1996
Agent's Commission: $187,500.00
Global Note: /X/ Yes / / No
Depositary: DTC
Exchange Rate Agent: N/A
Record Dates: Each June 1 and December 1
Agent: Lehman Brothers Inc.
Form: /X/ Book-Entry / / Certificated
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Redemption: Check the 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:
