Filed Pursuant to Rule 424(b)(2)
Registration No. 33-60939
PRICING SUPPLEMENT NO. 2 DATED JUNE 10, 1996
(To Prospectus dated July 28, 1995 and
U.S. Prospectus Supplement dated August 4, 1995)
U.S.$584,662,000
McDONALD'S CORPORATION
Medium-Term Notes, Series E
(Fixed Rate Notes)
Due from Nine Months to 60 Years from Date of Issue
The following description of the terms of the
Notes offered hereby supplements, and to the
extent inconsistent therewith replaces, the
descriptions included in the Prospectus and
Prospectus Supplement referred to above, to which
descriptions reference is hereby made.
Principal Amount: U.S.$25,000,000
Issue Price: Varying prices related to prevailing
market prices
Original Issue Date: June 20, 1996
Stated Maturity: June 20, 2006
Interest Rate: 7.30% per annum
Interest Payment Dates: The 20th day of each month, commencing
July 20, 1996
(Applicable only if other than February 15 and August 15 of
each year)
Regular Record Dates: The 5th day of each month
(Applicable only if other than February 1 and August 1 of
each year)
Form: /X/ Book-Entry / / Certificated
Specified Currency: U.S. dollars
(If other than U.S. dollars, see attachment hereto)
Option to Receive Payments in Specified Currency: / / Yes / / No
(Applicable only if Specified Currency is other than U.S.
dollars and if Note is not in Book Entry form)
Authorized Denominations: U.S.$1,000 minimum
(Applicable only if other than U.S.$100,000 and increments of
U.S.$1,000 or if Specified Currency is other than U.S. dollars)
Method of Payment of Principal:
(Applicable only if other than immediately available funds)
Optional Redemption: / / The Notes cannot be redeemed prior
to Stated Maturity.
/X/ The Notes can be redeemed prior to
Stated Maturity.
Optional Redemption Dates: June 20 and December 20 of each
year, commencing June 20, 1999
Redemption Prices:
/ / The Redemption Price shall initially be % of the
principal amount of the Note to be redeemed and shall decline at
each anniversary of the initial Optional Redemption Date by %
of the principal amount to be redeemed until the Redemption Price
is 100% of such principal amount; provided, however, that in the
case of an Original Issue Discount Note, the Redemption Price
shall be the Amortized Face Amount of the principal amount to be
redeemed.
/X/ Other: The Redemption Price shall be 100% of
the principal amount of the Notes
Sinking Fund: /X/ The Notes are not subject to a
Sinking Fund.
/ / The Notes are subject to a Sinking
Fund.
Sinking Fund Dates:
Sinking Fund Amounts:
Amortizing Note: / / Yes /X/ No
Amortization Schedule:
Optional Repayment: / / Yes /X/ No
Optional Repayment Dates:
Optional Repayment Prices:
Original Issue Discount Note: / / Yes /X/ No
Total Amount of OID:
Yield to Stated Maturity:
Initial Accrual Period OID:
Calculation Agent (if other than Principal Paying Agent):
Agent's discount or commission: 1.6% of the principal amount
of the Notes
Net proceeds to Company (if sale to Agent as principal):
98.4% of the principal amount of the Notes
Agent's Capacity: / / Agent /X/ Principal
Agent: Merrill Lynch & Co.
