RULE 424 (B) (2)
REGISTRATION STATEMENT NO. 333-17187
PRICING SUPPLEMENT NO. 0003 , DATED SEPTEMBER 3, 1997.
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TO PROSPECTUS DATED DECEMBER 20, 1996 AND PROSPECTUS SUPPLEMENT DATED JANUARY
17, 1997.
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MBNA CORPORATION
SENIOR MEDIUM-TERM NOTES AND SUBORDINATED MEDIUM-TERM NOTES (FLOATING RATE)
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
CUSIP #: 55263EAW5
ISSUE PRICE: 100%
DISCOUNT: n/a
AGENT'S COMMISSION: .50%
REPAYMENT INFORMATION: XX SENIOR NOTES SUBORDINATED NOTES
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FORM: XX BOOK ENTRY CERTIFICATE
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ORIGINAL ISSUE DATE: 9-8-97
(Settlement Date)
STATED MATURITY: 9-9-02
REPURCHASE PRICE: N/A
(For Discount Securities)
SPECIFIED CURRENCY: XX US DOLLARS OTHER
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INITIAL INTEREST RATE PER ANNUM: 6.18875%
INTEREST RATE RESET PERIOD: QUARTERLY
(Daily, Weekly, Quarterly, Semi-Annually or Annually)
INTEREST RATE BASIS: CD RATE COMMERCIAL PAPER TREASURY RATE
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XX LIBOR, TELERATE PAGE 3750 FEDERAL FUNDS EFFECTIVE RATE
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PRIME RATE OTHER
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INTEREST PAYMENT DATES: 12/8/97, 3/9/98, 6/8/98, 9/8/98, 12/8/98, 3/8/99,
6/8/99, 9/8/99, 12/8/99, 3/8/00, 6/8/00, 9/8/00, 12/8/00, 3/8/01, 6/8/01,
9/10/01, 12/10/01, 3/8/02, 6/10/02, 9/9/02
INTEREST DETERMINATION DATES: 12/4/97, 3/5/98, 6/4/98, 9/3/98, 12/4/98,
3/4/99, 6/4/99, 9/3/99, 12/6/99, 3/6/00, 6/6/00, 9/6/00, 12/6/00, 3/6/01,
6/6/01, 9/6/01, 12/6/01, 3/6/02, 6/6/02
CALCULATION AGENT: BANKERS TRUST COMPANY
REGULAR RECORD DATES: 15th CALENDAR DAY PRECEDING THE INTEREST PAYMENT DATE
MAXIMUM INTEREST RATE: N/A% OTHER PROVISIONS: N/A
MINIMUM INTEREST RATE: N/A%
SPREAD MULTIPLIER: N/A %
SPREAD (+/-): +47BP
INDEX MATURITY: 3 MONTHS
REDEMPTION INFORMATION: N/A
The aggregate Principal Amount of this offering in US $50,000,000.00 (which,if
the securities offered hereby are denominated in a currency or currency unit
other than US dollars, is the equivalent, in the currency or currency units set
forth herein, of the principal amount set forth herein and relates only to
Pricing Supplement No. 0003. Medium-Term Notes may be issued by the Company in
the aggregate principal amount of up to US $600,000,000.00 or the equivalent in
foreign currencies or foreign currency units. To date, including this
offering, an aggregate of US $ $287,500,000.00 or the equivalent in foreign
currencies or foreign currency units of Medium-Term Notes has been issued. Of
this amount $ 0 of Subordinated Medium Term Notes have been issued.
Type of Sale: XX As Agent As Principal
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If principal transaction, reoffering at:
varying prices related to prevailing market prices at the time of resale
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fixed public offering of % of Principal Amount
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