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BANPONCE BANPONCE CORPORATION
CORPORATION PO Box 362708
San Juan, Puerto Rico 00936 2708
Telephone: (809) 765-9800
May 15, 1996
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
BANPONCE CORPORATION
FORM TYPE: 424(B)(2)
I have enclosed with this letter, for filing pursuant to Rule 424(b)(2) under
the Securities Act of 1933, as amended (the "Act"), in accordance with
Regulation S-T, a copy of the Pricing Supplement dated May 15, 1996, to the
Prospectus dated September 27, 1995 and the Prospectus Supplement dated October
6, 1995. Subject Pricing is related with the Registration Statements on Forms
S-3 (No. 33-61601) of BanPonce Corporation.
Cordially,
/s/ Eric J. Pacheco
- -------------------
Eric J. Pacheco
Vice President
ges
Enclosure
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Pricing Supplement, dated May 15, 1996
to Prospectus dated September 27, 1995 and
Prospectus Supplement dated October 6, 1995
BANPONCE CORPORATION
MEDIUM-TERM SERIES 2
DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE
PRINCIPAL AMOUNT .................................. U.S. $15,000,000.00
ORIGINAL ISSUE DATE................................ May 17, 1996
MATURITY DATE ..................................... May 17, 2000
GLOBAL NOTE ....................................... Yes
INITIAL INTEREST RATE ............................. 6.805%
INTEREST RATE BASIS ............................... Fixed
INDEX MATURITY .................................... N/A
SPREAD ............................................ N/A
INTEREST RATE RESET PERIOD ........................ N/A
INTEREST PAYMENT PERIOD ........................... June 15, December 15 and at
the maturity date
The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation Subsidiaries.
