BANK OF BOSTON CORP
424B3, 1996-01-25
NATIONAL COMMERCIAL BANKS
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<PAGE>   1
Pricing Supplement No. 4 dated January 22, 1996        Registration No. 33-52571
(To Prospectus Supplement dated December 16, 1994      Rule 424(b)(3)
and Prospectus dated March 18, 1994)



                           BANK OF BOSTON CORPORATION

                               MEDIUM-TERM NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE


                            --------------------


        Except as set forth herein, the Notes offered hereby are "Senior
Floating  Rate  Notes" and have  such  terms  as  are described  in  the
accompanying Prospectus  Supplement  dated December 16, 1994, relating to
Senior Floating Rate Notes.

Principal Amount: $25,000,000

Issue Date: January 22, 1996
(Settlement Date): January 25, 1996

Stated Maturity Date: January 29, 1997

Issue Price:  100% of Principal Amount

Offering Agent:  Lehman Brothers Inc., as agent

Offering Agent's
Commission:  $2,500

Proceeds to the
Corporation:  $24,997,500

Interest Rate(s)
    (Fixed Rate Notes): N/A

Initial Interest Rate
    (Floating Rate Notes): 5.52%

Interest Payment Dates:       [ ] June 15 and December 15 of each year.

                              [X] Other:  April 29, 1996
                                           July 29, 1996
                                           Oct. 29, 1996
                                           Jan. 29, 1997
<PAGE>   2

Interest Payment Period:  Quarterly

<TABLE>
<S>                          <C>
Record Dates:                [X] Fifteenth calendar day (whether or not a Business Day)
                             next preceding each Interest Payment Date.

Interest Rate Basis          [ ] CMT Rate
    (Floating Rate Notes):   [ ] Commercial Paper Rate
                             [ ] Eleventh District Cost of Funds Rate
                             [ ] Federal Funds Rate
                             [X] LIBOR Telerate
                             [ ] LIBOR Reuters
                             [ ] Prime Rate
                             [ ] Treasury Rate
                             [ ] Other:

Interest Calculation
    (Floating Rate Notes):   [X] Regular Floating Rate Note
                             [ ] Floating Rate/Fixed Rate Note
                                 Fixed Rate Commencement Date:
                                 Fixed Interest Rate:
                             [ ] Inverse Floating Rate Note
                                 Fixed Interest Rate:

</TABLE>

Index Maturity
    (Floating Rate Notes):   Three Months

Index Currency:  U.S. Dollar

Designated LIBOR Page
(LIBOR Notes):  Page 3750

Designated CMT Telerate
Page (CMT Rate Notes):  N/A

Designated CMT Maturity
Index (CMT Rate Notes):  N/A

Reuters Screen NYMF Page
    (Prime Rate Notes):  N/A

Spread (Plus or Minus)
    (Floating Rate Notes):  +.02

Spread Multiplier
    (Floating Rate Notes):  N/A

<PAGE>   3

Interest Rate Formula
    (Floating Rate Notes):  N/A

Interest Reset Dates
    (Floating Rate Notes):  January 25, 1996
                            April 29, 1996
                            July 29, 1996
                            October 29, 1996

Interest Reset Period:  Quarterly

Interest Determination Dates   January 23, 1996
    (Floating Rate Notes):     April 25, 1996
                               July 25, 1996
                               October 25, 1996

Calculation Agent (if other
    than the Bank)
    (Floating Rate Notes):  N/A

Minimum Interest Rate
    (Floating Rate Notes):  N/A

Maximum Interest Rate
    (Floating Rate Notes):   N/A

Redemption Date(s):  N/A

Initial Redemption Percentage:  N/A

Annual Redemption
    Percentage Reduction:  N/A

Holder's Optional
    Repayment Date(s):  N/A

Day Count Convention
    (Floating Rate Notes):   [ ] 30/360 for the period from _____________ to
                                 ________________.
                             [X] Actual/360 for the period from January 25, 1996
                                 to January 29, 1997.

Original Issue
    Discount Note: [ ] Yes
                   [X] No

Total Amount of OID:  N/A

<PAGE>   4

Yield to Maturity:  N/A

Interest Accrual
    Period:  N/A

Default Rate:  N/A

Other Provisions:   Terms used but not defined in this Pricing Supplement shall 
have the meanings specified in the above-referenced Prospectus Supplement.








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