FIRST CHICAGO NBD CORP, 424B3, 1996-10-22

FIRST CHICAGO NBD CORP
424B3, 1996-10-22
NATIONAL COMMERCIAL BANKS

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<PAGE>
 
 
Pricing Supplement No. 9 Dated October 21, 1996 Filed Pursuant to: Rule
424(b)(3)
(To Prospectus dated February 1, 1996 and                   File No.: 33-65431 
Prospectus Supplement dated March 28, 1996)

                         FIRST CHICAGO NBD CORPORATION
                          MEDIUM-TERM NOTES, SERIES G


<TABLE> 
<CAPTION> 

<S>                                 <C>              <C>                            <C> 
Date of Issue: October 24, 1996     [X]Fixed Rate    [_]Commercial Paper Rate Note  [_]LIBOR Reuters
                                    [_]Senior        [_]Federal Funds Rate Note     [_]LIBOR Telerate
Maturity Date: October 16, 2006     [X]Subordinated  [_]CD Rate Note                [_]Prime Rate Note
                                                     [_]CMT Rate Note               [_]Treasury Rate Note
                                                     [_]LIBOR Note        
</TABLE> 

Principal Amount: $150,000,000

Issue Price (As a Percentage of Principal Amount): 99.255%

Interest Rate/Initial Interest Rate: 7.00%

Interest Payment Dates: April 15 and October 15 of each year

Interest Reset Dates:  None

Index Maturity:  None

Designated CMT Maturity Index:  None

Spread: None

Spread Multiplier: None

Minimum Interest Rate: None

Maximum Interest Rate: None

Interest Payment Period: None

Interest Rate Reset Period: None

Redemption Date(s) or Period: None

Optional Repayment Date(s): None

Calculation Agent (If Applicable): None


Additional Terms:

Senior indebtedness of First Chicago NBD Corporation as of September 30, 1996 
was $2.044 billion.

This Pricing Supplement may be used by First Chicago Capital Markets, Inc. 
("FCCM"), a wholly owned subsidiary of the issuer, in connection with offer and 
sales related to secondary market transactions in the Notes. FCCM may act as 
principal or agent in such transactions. Such sales will be made at prices 
related to the prevailing market prices at the time of sale.