Pricing Supplement dated May 31, 1996 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: $10,500,000 Initial Interest Rate:
Agent's Discount or Commission: $52,500 To be determined 6/3/96
Net Proceeds to Issuer: $10,447,500 Stated Maturity Date: 6/5/2001
Issue Price: 100% Original Issue Date: 6/5/96
Trade Date: 5/31/96
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Calculation Agent: Chase Manhattan Bank Cusip No.: 00756QBH0
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
[ X] LIBOR Telerate [ ] Other:
[ ] CMT Rate
Designated CMT Telerate Page:
Designated CMT Maturity Index:
Initial Interest Reset Date: 7/5/96 Spread (+/-): +0.4300%
Interest Reset Dates: The fifth day of Spread Multiplier: N/A
each calendar month Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Payment Dates: The fifth day of
each calendar month
Index Maturity: 1-Month LIBOR
Day Count Convention:
[ ] 30/360 for the period from to
[ X] Actual/360 for the period from 6/5/96 to 6/4/2001
[ ] 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 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:
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.
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If as Agent:
The Notes are being offered at a fixed initial public offering
price of 100% of principal amount.
[ ] Merrill Lynch & Co.
[ ] CS First Boston
[ X] Salomon Brothers Inc
[ ] Other Provisions:
