Pricing Supplement No. 5 Dated 8/6/97
(To Prospectus dated July 23, 1997 and
Prospectus Supplement dated August 4, 1997) Rule 424(b)(2)
File No. 333-29433
OLD NATIONAL BANCORP
Medium-Term Notes Due Nine Months or More from Date of Issue - Fixed Rate
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Principal Amount: $5,000,000.00
Interest Rate:6.73%
Issue Price: 99.931%
Agent's Discount or Commission: 0.3813%
Original Issue Date: 8/11/97
Stated Maturity Date:4/15/02
Net Proceeds to Issuer: $4,977,500.00
CUSIP No. 68003QAV8
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Interest Payment Dates:
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: ______%
Annual Redemption Percentage Reduction: ______% until Redemption Price
is 100% of the principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option
of the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: 100%
Original Issue Discount: [X] Yes [ ] No
Total Amount of OID: $3,450.00
Yield to Maturity: 6.75%
Initial Accrual Period: 8/11/97 to 2/14/98
Form: [X] Book-Entry [ ]Certificated
The Agent, Smith Barney Inc., is acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
The Notes are being offered at a fixed initial public offering price of
______% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
99.931 % of principal amount.
Other Provisions:
