<PAGE>
[LETTERHEAD OF FIRST CHICAGO NBD CORPORATION]
May 16, 1996
VIA EDGAR
- ---------
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, DC 20549
Re: First Chicago NBD Corporation
Registration Statement on Form S-3
File No. 33-65431
Ladies and Gentlemen:
On behalf of First Chicago NBD Corporation and pursuant to Rule 424(b)(3),
we hereby file via EDGAR Pricing Supplement No. 1 dated May 16, 1996 to a
Prospectus Supplement dated March 28, 1996 and a Prospectus dated February 1,
1996.
Very truly yours,
Harry H. Hallowell
Assistant Treasurer
<PAGE>
Pricing Supplement No. 1 Dated May 16, 1996
Filed Pursuant to: Rule 424(b)(3) File No. 33-65431
(To Prospectus dated February 1, 1996 and
Prospectus Supplement dated March 28, 1996)
FIRST CHICAGO NBD CORPORATION
MEDIUM-TERM NOTES, SERIES G
<TABLE>
<S> <C> <C> <C>
Date of Issue: May 20, 1996 [_]Fixed Rate [_]Commercial Paper Rate Note [_]LIBOR Reuters
[X]Senior [_]Federal Funds Rate Note [X]LIBOR Telerate
Maturity Date: May 15, 1998 [_]Subordinated [_]CD Rate Note [_]Prime Rate Note
[_]CMT Rate Note [_]Treasury Rate Note
[_]LIBOR Note
</TABLE>
Principal Amount: $10,000,000.00
Issue Price (As a Percentage of Principal Amount): 100%
Interest Rate/Initial Interest Rate: Not Available
Interest Payment Dates: 15th day of February, May, August and November of
each year
Interest Reset Dates: 15th day of February, May, August and November of
each year
Index Maturity or Designated CMT Maturity Index: 90 days
Spread: +3 basis points
Spread Multiplier: None
Minimum Interest Rate: None
Maximum Interest Rate: None
Interest Payment Period: May 20, 1996 to August 15, 1996 and quarterly
thereafter, up to but excluding the interest payment
date.
Interest Rate Reset Period: May 20, 1996 to August 15, 1996 and quarterly
thereafter, up to but excluding the interest payment
date.
Redemption Date(s) or Period: None
Optional Repayment Date(s): None
Calculation Agent (If Applicable): The First National Bank of Chicago
Additional Terms:
This Pricing Supplement may be used by First Chicago Capital Markets, Inc.
("FCCM"), a wholly owned subsidiary of the issuer, in connection with the 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.
