Rule: 424(b)(3)
File No: 333-37231
PRICING SUPPLEMENT NO. 1 DATED November 10, 1997
(To Prospectus Supplement dated November 10, 1997 and Prospectus
dated October 24, 1997)
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FLEET FINANCIAL GROUP, INC.
DUE 9 MONTHS OR MORE FROM DATE OF ISSUE
FIXED RATE NOTE
Series L (Senior) [ ] Series M (Subordinated) [x]
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Principal Amount: $50,000,000.00 CUSIP Number: 33900T AM 0
Price to Public: See below Original Issue Discount (OID) Note: [ ] Yes [x] No
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Total Amount of OID:
Net Proceeds: 97.57% Yield to Maturity:
Initial Accrual Period OID:
Trade Date: 11/10/97
IF OTHER THAN USD:
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Issue Date: 11/24/97 Specified Currency:
Authorized Denominations:
Maturity Date: 12/15/12 Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
Place of Payment:
Interest Rate: 7.00% per annum
Interest Payment Dates: Monthly on the 15th of each month commencing December 15, 1997
Record Dates: The first calendar day of each month
Agent: Merrill Lynch & Co.
Agent's Capacity: [x] As Principal [ ] As Agent
Redemption:
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[ ] The Notes may not be redeemed prior to maturity.
[x] The Notes may be redeemed prior to maturity.
Terms of Redemption:
The Notes will be subject to redemption at the option of the Company,
in whole, on the Interest Payment Date occurring on December 15, 2001
and each Interest Payment Date occurring in June or December
thereafter at a redemption price equal to 100% of the principal amount
of the Notes upon at least 30 days' notice.
Additional Terms:
The Notes may be sold at varying prices related to prevailing market conditions.
Subordination:
The Notes will be unsecured and will be subordinate and junior in the right of
payment, to the extent and in the manner set forth in the Prospectus and
Prospectus Supplement.
