Pricing Supplement dated May 30, 1996 Rule 424(b)(3)
(To Prospectus dated May 24, 1996 and File no. 33-61383
Prospectus Supplement dated May 24, 1996)
NEW PLAN REALTY TRUST
Medium-Term Note - Fixed Rate
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Face Amount: $10,000,000
Issue Price: 100%
Interest Rate: 7.97%
Interest Payment Dates: February 14 and August 14
Regular Record Dates: January 30 and July 30
Stated Maturity Date: August 14, 2026
Denominations (if other than
$1000 and integral multiples thereof). _________________
Trade Date: May 29, 1996
Original Issue Date: June 3, 1996
Net Proceeds to Issuer: $9,925,000
Agent's Commission: .75%
Name of Agent: Morgan Stanley & Co.
Incorporated
Agent acting in the capacity indicated below:
___ As Agent
x As Principal
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Day Count Convention:
x 30/360 for the period from June 3, 1996 to August 14, 2026
---
___ Actual/360 for the period from to
___ Actual/Actual for the period from to
___ Other (see attached) to
Redemption:
x The Notes cannot be redeemed prior to the Stated
--- Maturity Date.
___ The Notes may be redeemed prior to Stated Maturity
Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until
Redemption Percentage is 100% of the Principal
Amount.
Repayment:
___ 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: %
Original Issue Discount: ___ Yes x No
Total Amount of OID: ---
Yield to Maturity:
Initial Accrued Period:
Form: x Book-entry ___ Certified
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Lehman Brothers Merrill Lynch & Co. Morgan Stanley & Co.
Smith Barney Inc. Incorporated
