Pricing Supplement No. 1 Dated August 24, 1995 Rule 424(b)(3)
(To Prospectus dated July 26, 1995 and File No. 33-58507
Prospectus Supplement dated July 26, 1995)
Engelhard Corporation
Medium-Term Notes - Fixed Rate
Due Nine Months or More from Date of Issue
Principal Amount: $50,000,000 Interest Rate: 6.64%
Agent's Discount or Commission: $250,000 Stated Maturity Date: August 29, 2000
Net Proceeds to Issuer: $49,750,000 Original Issue Date: August 29, 1995
Interest Payment Dates: January 15 and July 15
Redemption:
|X| The Notes cannot be redeemed prior to the Stated Maturity Date.
|_| The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption 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 Date.
|_| The Notes can be repaid prior to the Stated Maturity Date at the option of
the holder of the Notes.
Optional Repayment Dates:
Optional Repayment Price: %
Original Issue Discount: |_| Yes |X| No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: |X| Book-Entry |_| Certificated
Agent: Merrill Lynch & Co. and J.P. Morgan Securities Inc.
Agent acting in the capacity as indicated below:
|X| Agent |_| Principal
If as Principal:
|_| 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, plus accrued interest, if any.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of principal amount, plus accrued interest, if any.
Other Provisions:
