Pricing Supplement #2 dated June 11, 1997 Rule 424(b)(3)
(To Prospectus dated November 29, 1996 and File No. 333-15953
Prospectus Supplement dated April 23, 1997)
NIKE, Inc.
Medium-Term Notes - Fixed Rate
Principal Amount: $50,000,000 Interest Rate: 6.69%
Agents Commission or Discount: .5% Default Rate: 6.69%
Net proceeds to NIKE: $49,750,000 Stated Maturity: June 17, 2002
Original Issue Date: June 16, 1997
Exchange Rate Agent (if other than the First National Bank of Chicago):
Interest Payment Dates:
----
| | March 1 and September 1
----
----
| X | Other: June 1 and December 1
----
Record Dates:
----
| | February 15 and August 15
----
----
| X | Other: May 15 and November 15
----
Redemption:
----
| X | The Notes cannot be redeemed prior to the Stated Maturity.
----
----
| | The Notes may be redeemed prior to the Stated Maturity.
----
Redemption Commencement Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: _____% until
Redemption Percentage is 100% of the principal amount.
Optional Repayment:
----
| X | The Notes cannot be repaid prior to the Stated Maturity
----
----
| | The Notes can be repaid prior to the Stated Maturity at
---- the option of the holder of the Notes.
Optional Repayment Date(s):
<PAGE>
Currency:
Specified Currency:
----
| X | United States dollars
----
----
| | Other:
----
Authorized Denomination:
----
| X | $1,000 and integral multiples thereof
----
----
| | Other:
----
---- ----
Original Issue Discount: | | Yes | X | No
---- ----
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
---- ----
Form: | X | Book-Entry | | Certificated
---- ----
----
Agent: | | Goldman, Sachs & Co.
----
----
| | Lehman Brothers Inc.
----
----
| X | Merrill Lynch & Co.
----
----
| X | Salomon Brothers Inc.
----
----
| | Other _______________________________
----
Agent acting in the capacity as indicated below:
---- ----
| | Agent | X | Principal
---- ----
If as principal:
----
| X | The Notes are being offered at varying prices related to
---- prevailing market prices at the time of resale.
----
| | The Notes are being offered at a fixed initial public
---- offering price of _____% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering
price of _____% of Principal Amount.
- ----
| | An Addendum (as defined in the Prospectus Supplement) is
- ---- attached hereto, containing terms and provisions to which reference
is hereby made.
Other Provisions: NONE
