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PRICING SUPPLEMENT NO. 1 DATED OCTOBER 22, 1996 Rule 424(b)(3)
(To the Prospectus Dated May 1, 1996, and the Prospectus
Supplement dated May 16, 1996) File No. 333-02461
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: October 22, 1996 Original Issue Date: October 25, 1996 Maturity Date: October 25, 2001
Principal Amount: $32,000,000.00
Face Amount: $32,000,000.00
Issue Price: Par Global Note: /x/Yes / /No
Specified Currency: US 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: 5.705% Interest Determination Dates: Two London Business Days Prior to Coupon Date
Reset Period: Semi-annual Interest Reset Dates: April 25 and October 25
Interest Payment Dates: April 25 and October 25 Index Maturity: N/A
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread: .08%
Spread Multiplier: N/A Calculation Agent: Goldman, Sachs & Co.
Agent's Commission: $160,000.00 Agent: Goldman, Sachs & Co.
Net Proceeds to Issuer: $31,840,000.00
Global Note: /x/Yes / /No Form: /x/Book-Entry / /Certificated
Depositary: DTC
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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:
