PRICING SUPPLEMENT NO. 4 DATED AUGUST 28, 1996 Rule 424(b)(3)
File No. 33-51163
(To Prospectus dated December 1, 1993
as supplemented by a Prospectus
Supplement dated July 18, 1994)
PACIFICORP
Secured Medium-Term Notes, Series G
(A Series of First Mortgage and Collateral Trust Bonds)
Due From Nine Months to One Hundred Years From Date of Issue
Issue Price (as a percentage of Interest Rate: SEE ATTACHMENT
Principal Amount): $100,000,000 --------------------------
--------------- Interest Payment
Issue Date: August 28, 1996 Dates: March 1, June 1,
---------------------- September 1, December 1
Maturity Date: August 29, 1997 --------------------------------
------------------- Regular Record
Dates: Day before Interest Payment Date
--------------------------------
Interest Reset
Dates:
--------------------------------
Index Maturity:
-------------------------
Fixed Rate Notes Spread:
- ------ ---------------------------------
Commercial Paper Notes Spread Multiplier:
- ------ ----------------------
Libor Notes Maximum Interest Rate:
- ------ ------------------
Treasury Rate Notes Minimum Interest Rate:
- ------ ------------------
X [SEE ATTACHMENT] Specified Currency (if other
- ------ than U.S. Dollars):
-------------------
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Redemption:
Check blank opposite applicable sentence.
The Notes cannot be redeemed prior to Maturity.
-------
X The Notes may be redeemed prior to Maturity.
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Terms of Redemption: SEE ATTACHMENT FOR REDEMPTION TERMS
Additional Terms: NONE
<PAGE>
ATTACHMENT TO PRICING
SUPPLEMENT NO. 4 DATED
AUGUST 28, 1996
INTEREST: The Bond shall bear interest at the "Cost of Funds Rate", which
rate shall be determined as set forth below. The "Cost of Funds Rate" shall
be variable rate equal to the sum of (i) the Purchaser's cost of overnight
funds, plus (ii) 0.15%, which shall change from time to time based on
changes in the Purchaser's cost of overnight funds.
REDEMPTION: The Bond may be redeemable at the option of the Company or the
registered owner, in whole at any time, but not in part, on any date after
the date hereof and prior to the Maturity Date, upon not less than one
days' written notice by the Company to the registered owner and the Trustee
in the case of the exercise of the option by the Company and by the
registered owner to the Company and the Trustee in the case of the exercise
of the option by the registered owner (which notices shall be provided by
telecopier prior to 1:00 p.m., Pacific Time), at the Optional Redemption
Price, as specified below, expressed as a percentage of the principal
amount of this bond, in each case, together with accrued interest to the
date fixed for redemption (the "Redemption Date"). An amount equal to the
Optional Redemption Price and such accrued interest shall be wired by the
Company to the registered owner prior to 1:00 p.m. (Seattle, Washington
time) on the Redemption Date; provided, however, that if on the Redemption
Date the Company is issuing another bond of this series to the registered
owner of this bond, the Company need only wire to the registered owner an
amount equal to the amount by which the Optional Redemption Price and such
accrued interest exceeds the principal amount of the bond to be issued on
such Redemption Date; provided further that, if the Optional Redemption
Price and such accrued interest then payable is received after 1:00 p.m.
(Seattle, Washington time) on the Redemption Date, interest on the Optional
Redemption Price shall accrue to the next Business Day.
The Optional Redemption Price shall be 100% of the principal amount
of this bond to be redeemed.
