FIRST CHICAGO NBD CORP
424B3, 1997-05-20
NATIONAL COMMERCIAL BANKS
Previous: MORGAN J P & CO INC, 424B3, 1997-05-20
Next: NEWPARK RESOURCES INC, 8-K, 1997-05-20



<PAGE>
 
Pricing Supplement No. 18 Dated May 20, 1997 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: May 22, 1997        [ ]Fixed Rate    [_]Commercial Paper Rate Note  [_]LIBOR Reuters
              -------------        [X]Senior        [_]Federal Funds Rate Note     [X]LIBOR Telerate
Maturity Date: May 22, 2000        [ ]Subordinated  [_]CD Rate Note                [_]Prime Rate Note
              -------------                         [_]CMT Rate Note               [_]Treasury Rate Note
                                                    [_]LIBOR Note

Principal Amount:       $20,000,000.00
                 ----------------------------------------------------------------------------------------

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

Interest Rate/Initial Interest Rate:     Not Available
                                    ---------------------------------------------------------------------

Interest Payment Dates:    24th day of February, May, August and November of each year
                        ---------------------------------------------------------------------------------

Interest Reset Dates:      24th day of February, May, August and November of each year
                        -----------------------------------------------------------------------------------

Index Maturity or Designated CMT Maturity Index: 90 days
                                                 ----------------------------------------------------   
Spread:       +7 basis points
       --------------------------------------------------------------------------------------------------

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

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

Maximum Interest Rate: None
                      -----------------------------------------------------------------------------------

Interest Payment Period: May 22, 1997 to August 25, 1997 and quarterly thereafter, up to but excluding
                         --------------------------------------------------------------------------------
                         the interest payment date
                         --------------------------------------------------------------------------------

Interest Rate Reset Period:    May 22, 1997 to August 25, 1997 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
                                   ----------------------------------------------------------------------
</TABLE> 
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.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission