Amendment No. 1 to Pricing Supplement No. 0172 Rule 424(b)(2)
Dated July 9, 1997 File number: 333-7229
(To Prospectus dated July 12, 1996 and
Prospectus Supplement dated November 8, 1996)
Subordinated Medium-Term Notes, Series F
Due Nine Months or More From Date of Issue
Fixed Rate Notes
Principal Amount: $ 50,000,000.00
Issue Price: 100% (1)
Commission or Discount: 2.460% $ 1,230,000.00
Proceeds to Company: 97.540% $ 48,770,000.00
Agent: Merrill Lynch & Co., as Principal (1)
Original Issue Date: July 22, 1997
Stated Maturity Date: August 15, 2012
Cusip #: 63858S-BH-1
Form: Book entry only
Interest Rate: 7.040% per annum
Interest Payment Dates: Monthly, 15th of each month,
commencing on August 15, 1997
Discount Note? No
May the Notes be redeemed by the Company prior to maturity? Yes (See below)
The notes will be subject to redemption at the option of the Company,
in whole, on the Interest Payment Date occurring August 15, 2001 and
on any Interest Payment Date occurring in February or August thereafter
at a redemption price equal to 100% of the principal amount of the
Notes, plus accrued interest thereon, if any, upon at least 30 calendar
days prior notice, as described in the Prospectus Supplement.
May the notes be repaid prior to maturity at the option of the holder? No
(1): Notes purchased by the Agent as principal may be resold to investors
and other purchasers at varying prices relating to prevailing market
prices at the time of resale as determined by Merrill Lynch & Co.
