Rule: 424(b)(3)
File No: 333-62905
PRICING SUPPLEMENT NO. 5 DATED JANUARY 26, 1999
(To Prospectus Supplement dated September 25, 1998 and
Prospectus dated September 24, 1998)
FLEET FINANCIAL GROUP, INC.
SENIOR MEDIUM-TERM NOTES, SERIES N (The
"Senior Notes") and SUBORDINATED MEDIUM-TERM
NOTES, SERIES O (The "Subordinated Notes")
DUE 9 MONTHS OR MORE FROM DATE OF ISSUE
FLOATING RATE NOTE
Series N (Senior)[X] Series O (Subordinated)[ ]
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<S> <C> <C> <C>
Principal Amount: $150,000,000.00 CUSIP Number: 33900Q AQ 7
Price to Public: See additional terms below Original Issue Discount (OID) Note: [ ]Yes [X]No
Total Amount of OID:
Issue Date: January 28, 1999 Yield to Maturity:
Maturity Date: July 28, 2000 Initial Accrual Period OID:
Issue Price (as % of principal): See below Price to Issuer (as % principal) 99.985%
Specified Currency (if other than U.S. Dollars):
Interest Rate Basis:
[ ]CMT Rate [ ]Treasury Rate
Designated CMT Telerate Page: [ ]Federal Funds Rate
Designated CMT Maturity Index: [ ]Prime Rate
[ ]Commercial Paper Rate [ ]Other:
[X]LIBOR
LIBOR SCREEN
Telerate [X]
Reuters [ ]
Other [ ]
Index Maturity: 3 Month
Spread: plus 7 basis points
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Initial Interest Rate: 5.03828%
Method of Calculation: Actual / 360 [X] Actual/Actual [ ] 30 / 360 []
Interest Determination Dates: [ ]One Business Day Prior to the
Interest Reset Date (No Rate Cutoff)
[ ]Two Business Days Prior to the
Interest Reset Date
[X]Two London Business Days Prior to the
Interest Reset Date
Initial Interest Reset Date: April 28, 1999
Interest Reset Dates: Quarterly on each Interest Payment Date
Interest Payment Dates: the 28th of each January, April, July and
October or next good business day commencing
April 28, 1999.
Regular Record Dates: (if other than the 15th day prior to each
Interest Payment Date)
Interest Reset Period: Quarterly
Interest Payment Period: Quarterly
Calculation Agent (if other than First National Bank of Chicago):
Redemption: [X]The Notes cannot be redeemed prior to
maturity
[ ]The Notes can be redeemed prior to
maturity
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage
Reduction:
Repayment: [X]The Notes cannot be repaid prior to
maturity
[ ]The Notes can be repaid prior to
maturity, at the option of the holder
of the Note
Holder's Optional Repayment Date(s):
Index Currency: Place of Payment: Authorized Denomination:
(only if non-U.S. Dollar denominated)
Agent: Salomon Smith Barney
Agent's Capacity: [X]As Principal [ ]As Agent
Delivery: DTC #274
Additional Terms:
The Notes may be sold at varying prices related to prevailing market conditions
at the time or times of resale.
Expenses:
The aggregate expenses, other than the Agents' Discounts and Commissions
specified in the Prospectus Supplement dated September 25, 1998 and the
Prospectus dated September 24, 1998, payable by Fleet Financial Group, Inc. are
estimated at up to $175,000, including reimbursement of the Agents' expenses,
based on an aggregate initial offering price of $2,000,000,000 of its Senior and
its Subordinated Notes.
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