Filed Pursuant to Rule 424(b)(2)
Registration No. 33-60939
PRICING SUPPLEMENT NO. 5 DATED JULY 23, 1997
(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.$150,000,000
Issue Price: 99.927% of the principal amount of the Notes
Original Issue Date: July 29, 1997
Stated Maturity: August 1, 2007
Interest Rate: 6.50% per annum
Interest Payment Dates: February 1 and August 1 of each year, commencing
February 1, 1998
(Applicable only if other than February 15 and August 15 of each year)
Regular Record Dates: January 15 and July 15 of each year
(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: /X/ The Notes cannot be redeemed prior to
Stated Maturity.
/ / The Notes can be redeemed prior to Stated
Maturity.
Optional Redemption Dates:
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.
/ / Other:
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: .650% of the principal amount of the
Notes
Net proceeds to Company (if sale to Agent as principal): 99.277% of the
principal amount of the Notes
Agent's Capacity: / / Agent /X/ Principal
Agents: Salomon Brothers Inc
Merrill Lynch & Co.
Goldman, Sachs & Co.
J.P. Morgan & Co.
Morgan Stanley Dean Witter
CUSIP: 580 13 MDD 3
Plan of Distribution: Salomon Brothers Inc is acting as a
representative of the Agents listed above, each of which has severally
agreed to purchase the principal amount of the Notes set forth opposite
its name:
Salomon Brothers Inc $30,000,000
Merrill Lynch & Co. 30,000,000
Goldman, Sachs & Co. 30,000,000
J. P. Morgan Securities Inc. 30,000,000
Morgan Stanley & Co. Incorporated 30,000,000
-----------
$150,000,00
-----------
-----------
Notwithstanding the above, Salomon Brothers Inc has agreed to
purchase or cause to be purchased any Note which any defaulting
Agent or Agents have agreed but failed or refused to purchase.
