Pricing Supplement No. 7 Dated 8/7/1997
(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:6.40%
Issue Price: 100%
Agent's Discount or Commission: 0.20%
Original Issue Date: 8/12/97
Stated Maturity Date:1/15/00
Net Proceeds to Issuer: $4,990,000.00
CUSIP No. 68003QAX4
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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: [ ] Yes [X]No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Book-Entry [ ]Certificated
The Agent, NatCity Investments, Inc., is acting in the capacity as indicated
below:
[ ] Agent [X] Principal
If as principal:
[X] 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
% of principal amount.
Other Provisions:
