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Pricing Supplement dated January 13, 1994 Rule 424(b)(3)
(To Prospectus dated November 8, 1993 and File No. 33-50883
Prospectus Supplement dated December 3, 1993)
ADVANTA CORP.
Medium-Term Notes, Series A - Floating Rate
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<S> <C>
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Principal Amount: $12,500,000 Initial Interest Rate: To be determined on 1/19/94
Agent's Discount or Commission: $31,250 Stated Maturity Date: 1/22/96
Net Proceeds to Issuer: $12,468,750 Original Issue Date: 1/21/94
Issue Price: 100% Trade Date: 1/13/94
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Calculation Agent: The Chase Manhattan Bank Cusip No.: 00756QAB4
(National Association)
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Interest Calculation:
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/X/Regular Floating Rate Note / /Floating Rate/Fixed Rate Note
(Fixed Rate Commencement Date):
(Fixed Interest Date):
/ /Inverse Floating Rate Note
(Fixed Interest Rate):
/ /Other Floating Rate Note (see attached)
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Interest Rate Basis:
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/ /CD Rate / /Commercial Paper Rate
/ /Eleventh District Cost of Funds Rate / /Federal Funds Rate
/X/LIBOR Index Currency: U.S. Dollars
/ /LIBOR Reuters / /Treasury Rate
/X/LIBOR Telerate / /Other (see attached)
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Initial Interest Reset Date: 3/16/94 Spread (+/-):+40 bps
Interest Reset Dates: Third Wednesday of March, Spread Multiplier:n/a
June, September and December
of each year
Interest Payment Dates: Third Wednesday of March, Maximum Interest Rate:n/a
June, September and December
of each year
Index Maturity: 3 months LIBOR Minimum Interest Rate:n/a
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Day Count Convention:
/ / 30/360 for the period from to
/X/ Actual/360 for the period from 1/21/94 to 1/22/96
/ / Actual/Actual for the period from to
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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:
/X/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: --%
Curency:
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount:
/ /Yes /X/No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form:
/X/Book Entry / /Certificated
Agent acting in the capacity as indicated below:
/X/Agent / /Principal
If as Principal: n/a
/ /The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
/ /The Notes are being offered at a fixed initial public price of --%
of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
/X/Other Provisions: (see attached) Agent: The CMS Group Inc.
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/ /Merrill Lynch & Co.
/ /CS First Boston
/ /Salomon Brothers Inc