Pricing Supplement dated February 28, 1995 Rule 424(b)(3)
(To Prospectus dated November 8, 1993 and File No. 33-50883
Prospectus Supplement dated December 22, 1994)
Advanta Corp.
Medium-Term Notes, Series B - Floating Rate
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Principal Amount: $15,000,000 Initial Interest Rate:
Agent's Discount or Commission: $30,000 To be determined 3/3/95
Net Proceeds to Issuer: $14,970,000 Stated Maturity Date: 9/6/96
Issue Price: 100% Original Issue Date: 3/7/95
Trade Date: 2/28/95
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Calculation Agent: Chase Manhattan Bank Cusip No.: 00756QBE7
Interest Calculation:
[ X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
(Fixed Rate Commencement Date):
[ ] Inverse Floating Rate Note (Fixed Interest Date):
(Fixed Interest Rate):
[ ] Other Floating Rate Note (see attached)
Interest Rate Basis:
[ ] CD Rate [ ] Commercial Paper Rate
[ ] Eleventh District Cost of Funds Rate [ ] Federal Funds Rate
[ ] LIBOR Index Currency:
[ ] LIBOR Reuters [ ] Treasury Rate
[ ] LIBOR Telerate
[ X] Other: LIBOR
Telerate as posted
on Telerate Page
3750, except for the
Initial Interest
Rate which will be
based on the
interpolation
between the average
of the one week
LIBOR rates and the
average of the one-
month LIBOR rates
posted on Telerate
Page 3875 on
March 3, 1995.
[ ] CMT Rate
Designated CMT Telerate Page:
Designated CMT Maturity Index:
<PAGE>
Initial Interest Reset Date: 3/15/95 Spread (+/-): +40
Interest Reset Dates: The third Wednesday of Spread Multiplier: N/A
each March, June, Maximum Interest Rate: N/A
September and December Minimum Interest Rate: N/A
Interest Payment Dates: The third Wednesday of
each March, June, September
and December
Index Maturity: 3-Month LIBOR, except with respect
to the Initial Interest Rate which will be
based on the interpolation between the
average of the one-week LIBOR rates and
the average of the one-month LIBOR rates
posted on Telerate Page 3875 on March 3, 1995.
Day Count Convention:
[ ] 30/360 for the period from to
[ X] Actual/360 for the period from 3/7/95 to 9/6/96
[ ] Actual/Actual for the period from to
Redemption:
[ X] The Notes cannot be redeemed prior to the Stated Maturity
Date.
[ ] The Notes may be redeemed prior to the 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: ________%
Currency:
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations: N/A
(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:
<PAGE>
Form:
[X] Book Entry [ ] Certificated
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as Principal:
[ ] 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 offering
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)
Bear, Stearns & Co. Inc.
[ ] Merrill Lynch & Co.
[ ] CS First Boston
[ ] Salomon Brothers Inc
