Pricing Supplement Dated October 22, 1996 Rule 424 (b)(2)
File No. 33-52157
(To Prospectus dated March 1, 1994 and CUSIP 66938H AC 4
Prospectus Supplement dated November 8, 1994)
(Supplement #7)
NORWEST FINANCIAL, INC.
X Senior
Senior Subordinated
Medium Term Notes, Series B
(U.S. $ Fixed Rate)
Trade Date: October 22, 1996 Original Issue Date: October 25, 1996
Principal Amount: $25,000,000.00 Net Proceeds to Issuer:$24,875,000.00
Issue Price: 100%
Selling Agent's Commission or Discount: $125,000.00
Interest Rate: 6.54%
Maturity Date: October 25, 2001
Form:
X Book Entry Certificated
Redemption:
X The Notes cannot be redeemed prior to maturity
The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Price: %
Annual Redemption Price Reduction: %
Repayment:
X The Notes cannot be repaid prior to maturity
The Notes can be repaid prior to maturity at the option of the holder of
the Note
Repayment Date:
Repayment Price: %
Discount Note:
Yes X No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Selling Agent or Dealer: Merrill Lynch & Co.
Merrill Lynch & Co. has purchased the Notes as principal in this
transaction for resale to one or more investors at varying prices related
to prevailing market conditions at the time or times of resale as
determined by Merrill Lynch & Co.
