FIRST CHICAGO NBD CORP
424B3, 1997-12-16
NATIONAL COMMERCIAL BANKS
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Pricing Supplement No. 3 Dated December 12, 1997                                                   Filed Pursuant to: Rule 424(b)(3)
(To Prospectus dated October 8, 1997 and                                                           File No.: 333-36587
Prospectus Supplement dated October 28, 1997)           


                         FIRST CHICAGO NBD CORPORATION
                          MEDIUM-TERM NOTES, SERIES H

Date of Issue: 12/17/97 [_] Fixed Rate     [_] Commercial Paper Rate Note    [_] LIBOR Reuters
                        [X] Senior         [_] Federal Funds Rate Note       [X] LIBOR Telerate
Maturity Date: 12/17/01 [_] Subordinated   [_] CD Rate Note                  [_] Prime Rate Note
                                           [_] CMT Rate Note                 [_] Treasury Rate Note
                                           [_] LIBOR Note 


Principal Amount:  $75,000,000.00
                 -----------------------------------------------------------------------------------

Issue Price (As a Percentage of Principal Amount):  100%
                                                  --------------------------------------------------

Interest Rate/Initial Interest Rate:  Not available
                                    ----------------------------------------------------------------

Interest Payment Dates:  17th day of March, June, September and December of each year
                        ----------------------------------------------------------------------------

Interest Reset Dates:  17th day of March, June, September and December of each year
                      ------------------------------------------------------------------------------

Index Maturity:  90 days
               -------------------------------------------------------------------------------------

Designated CMT Maturity Index:  
                              ----------------------------------------------------------------------

Spread:  +12 basis points
       ---------------------------------------------------------------------------------------------

Spread Multiplier:  None
                  ----------------------------------------------------------------------------------

Minimum Interest Rate:  None
                      ------------------------------------------------------------------------------

Maximum Interest Rate:  None
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Interest Payment Period:  December 17, 1997 to March 17, 1998 and quarterly thereafter, up to but
                        ----------------------------------------------------------------------------
                          excluding the interest payment date
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Interest Rate Reset Period:  December 17, 1997 to March 17, 1998 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
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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 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.


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