Pricing Supplement No. 3, dated November 5, 1998
(To Prospectus dated August 20, 1996 and Rule 424(b)(3)
Prospectus Supplement dated August 20, 1996) File No. 33-35219
Maytag Corporation
Medium-Term Notes, Series B, Floating Rate Notes
==========================================================================
- -Trade Date: November 3, 1998 -Original Issue Date: November 10, 1998
- -Principal Amount: $50,000,000 -Net Proceeds to Issuer: $49,900,000
- -Paying Agent: The First
National Bank of Chicago -Authorized Denominations: $1,000
- -Issue Price: See below -Overdue Rate: N/A
- -Selling Agent's Discount: $100,000 -CUSIP: 57859HBL7
- -Interest Payment Dates: Each February 10, May 10, August 10,
November 10 - commencing February 10, 1999
- -Stated Maturity Date: May 10, 2000
- -Form: X Book-Entry -Depositary: The Depository Trust Company
____ Certificated -Sinking Fund: ____
-Amortizing Note: ____
- -Interest:
- -Rate Basis:____Commercial Paper Rate ____CD Rate ____CMT Rate
____Federal Funds Rate ____11th District Cost of Funds
Rate
____Kenny Rate X LIBOR (Telerate Page 3750)
____Prime Rate
____Treasury Rate ____Other (see attached)
-Initial Interest Rate: Determined as -Interest Determination Dates:
described herein Second London Business Day
prior to each Interest Reset Date
-Reset Period: Quarterly -Index Maturity: Three Months
-Interest Reset Dates: Each February 10,
May 10, August 10, November 10 - -Minimum Interest Rate: N/A
commencing November 10, 1998 -Maximum Interest Rate: N/A
-Calculation Agent: The First
National Bank of Chicago
-Spread: plus 0.30%
-Spread Multiplier: N/A
Optional Redemption: X The Notes cannot be redeemed prior to
maturity
____ The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction:
Option to Elect Repayment:
X The Notes cannot be repaid prior to maturity
____ The Notes can be repaid prior to maturity at the option of the
holder
Optional Repayment Price(s):
Optional Repayment Date(s):
<PAGE>
- -Original Issue Discount Note: ____ Yes
X No
Total Amount of OID:
Original Yield to Maturity:
Initial Accrual Period OID:
Issue Price:
Name of Agent: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Capacity: _____Agent X -Principal
If as principal: -The Notes are being
offered at varying
prices related to
prevailing market
prices at the time
of resale.
X -The Notes are being
offered at a fixed
initial public
offering price of
100% of Principal
Amount.
Other Provisions: Annex Attached: ____
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