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Filed Pursuant to Rule 424(b)(3)
Registration No. 033-61601-01
PRICING SUPPLEMENT, DATED JANUARY 22, 1997
TO PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1995
TO PROSPECTUS DATED SEPTEMBER 27, 1995
BANPONCE FINANCIAL CORPORATION
MEDIUM-TERM NOTES, SERIES C
DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE
Unconditionally Guaranteed as to Payment of Principal, Premium, if any, and
Interest by
BANPONCE CORPORATION
PRINCIPAL AMOUNT .............................. $720,000.00
ORIGINAL ISSUE DATE............................ January 23, 1997
MATURITY DATE.................................. January 22, 1997
GLOBAL NOTE.................................... Yes
INITIAL INTEREST RATE.......................... 6.30%
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
maturity
The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to financce BanPonce Financial Corporation subsidiaries.
CERTAIN ADDITIONAL FEDERAL TAX CONSEQUENCES
Recently proposed U.S. Treasury regulations (the "Proposed Regulations") would
establish alternative methods for providing the certification that is required,
as described in the Prospectus Supplement under the caption "United States
Taxation--United States Alien Holders", for payment on the Notes to be free
from United States withholding tax, information reporting requirements and
backup withholding tax. The Proposed Regulations also would require, in the
case of Notes held by foreign partnerships, that (x) the certification
described above be provided by the partners rather than by the foreign
partnership and (y) the partnership provide certain information, including a
United States taxpayer identification number. A look-through rule would apply
in the case of certain tiered partnerships. The Proposed Regulations are
proposed to be effective for payments made after December 31, 1997. There can
be no assurance that the Proposed Regulations will be adopted or as to the
provisions that they will include if and when adopted in temporary or final
form.
