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Filed Pursuant to
Rule 424(b)(3)
File No. 33-58989
PRICING SUPPLEMENT NO. 8 DATED
November 8, 1995 TO PROSPECTUS
DATED June 15, 1995 AND PROSPECTUS
SUPPLEMENT DATED June 15, 1995
McDONNELL DOUGLAS FINANCE CORPORATION
Series X Medium-Term Notes
Due Nine Months or More From Date of Issue
Except as set forth herein, the Series X Medium-Term Notes offered hereby
(the "Notes") have such terms as are described in the accompanying Prospectus
dated June 15, 1995, as amended and supplemented by the Prospectus Supplement
dated June 15, 1995 (the "Prospectus").
Aggregate Principal
Amount: $10,000,000
Original Issue Date
(Settlement Date): November 13, 1995
Stated Maturity Date: November 13, 1997
Interest Rate: 5.97%
Interest Payment Dates: January 15 and July 15 commencing January 15, 1996
Type of Notes Issued: [ ] Senior Notes [ X ] Fixed Rate Notes
[ X ] Subordinated Notes [ ] Floating Rate Notes
Optional Redemption: [ ] Yes
[ X ] No
Form of Notes Issued: [ X ] Book-Entry Notes
[ ] Certificated Notes
CUSIP Number: 58017EAG3
PURCHASE AS PRINCIPAL
This Pricing Supplement relates to $10,000,000 aggregate principal amount
of Notes that are being purchased, as principal, by NatWest Capital Markets
Limited ("NatWest") 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 NatWest. Net proceeds payable by NatWest to McDonnell Douglas
Finance Corporation (the "Company") will be 99.815% of the aggregate principal
amount of the Notes, or $9,981,500 before deduction of expenses payable by the
Company. In connection with the sale of the Notes, NatWest may be deemed to
have received compensation from the Company in the form of underwriting
discounts in the amount of .185% or $18,500.
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SELECTED CONSOLIDATED FINANCIAL DATA
(Dollars in millions)
The following amends and supplements the information set forth under the
caption "SELECTED CONSOLIDATED FINANCIAL DATA" on page 4 of the Prospectus:
The following table presents selected consolidated financial information
of the Company as of December 31, 1994 and June 30, 1995, and for the six
months ended June 30, 1995 and June 30, 1994. The information in the table
should be read in conjunction with, and is qualified in its entirety by
reference to, the Company's consolidated financial statements included in the
Company's Quarterly Report on Form 10-Q for the period ended June 30, 1995.
Results of the six months ended June 30, 1995, are not necessarily indicative
of the results of the entire year. Such results are unaudited, but include
all adjustments, consisting of normal accruals, that the Company considers
necessary for a fair presentation of the results for such interim periods.
See "Selected Consolidated Financial Data" in the accompanying Prospectus.
Six Months Ended
Jun 30, 1995 Jun 30, 1994
Selected earnings data:
Operating income . . . . . . . . . . $ 95.9 $ 96.3
Interest expense . . . . . . . . . . 51.3 56.8
Net income . . . . . . . . . . . . . 20.8 15.4
Ratio of earnings to fixed charges. . . . . .1.62x 1.42x
Jun 30, 1995 Dec 31, 1994
Selected balance sheet data:
Total assets . . . . . . . . . . . . $1,997.4 $1,929.6
Total debt . . . . . . . . . . . . 1,297.5 1,215.1
Shareholder's equity . . . . . . . . 272.0 271.9
Cash dividends paid . . . . . . . . . 20.7 29.9
