Filed Pursuant to Rule 424(b)(2)
Registration No. 33-60939
PRICING SUPPLEMENT NO. 1 DATED JANUARY 19, 1996
(To Prospectus dated July 28, 1995 and
U.S. Prospectus Supplement dated August 4, 1995)
US$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: $50,000,000
Issue Price: Varying prices related to prevailing market prices.
Original Issue Date: February 1, 1996
Stated Maturity: February 1, 2008
Interest Rate: 6.00% per annum
Interest Payment Dates: The 1st day of each month, commencing March 1, 1996
(Applicable only if other than February 15 and
August 15 of each year)
Regular Record Dates: The 15th day of the month next preceding each
Interest Payment Date
(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: US$1,000 minimum
(Applicable only if other than US$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: February 1 and August 1 of each year,
commencing February 1, 2000
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: 1.5% of the principal amount of the Notes
Net proceeds to Company (if sale to Agent as principal): 98.5% of the
principal amount of the Notes
Agent's Capacity: / / Agent /X/ Principal
Agent: Merrill Lynch & Co.
