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Previous: ADVANTA CORP, 8-K, 1996-07-18 |
Next: TRANS LUX CORP, SC 13D/A, 1996-07-18 |
<PAGE> 1
Pricing Supplement dated July 17, 1996 Rule 424(b)(3)
(To Prospectus dated July 8, 1996 and File No. 333-05701
Prospectus Supplement dated July 8, 1996)
ADVANTA CORP.
Medium-Term Notes, Series C - Floating Rate
<TABLE>
<S> <C>
==========================================================================================================================
Principal Amount: $5,000,000 Initial Interest Rate: To be determined 7/18/96
Agent's Discount or Commission: $22,500 Stated Maturity Date: 7/23/2001
Net Proceeds to Issuer: $4,977,500 Original Issue Date: 7/22/96
Issue Price: 100% Trade Date: 7/17/96
==========================================================================================================================
Calculation Agent: Chase Manhattan Bank Cusip No.: 00756QBK3
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: 10/22/96 Spread (+/-): +0.4300%
Interest Reset Dates: The 22nd day of Spread Multiplier: N/A
each October, January, Maximum Interest Rate: N/A
April and July Minimum Interest Rate: N/A
Interest Payment Dates: The 22nd day of
each October, January,
April and July
Index Maturity: 3-Month LIBOR
Day Count Convention:
/ / 30/360 for the period from to
/X/ Actual/360 for the period from 7/22/96 to 7/22/2001
/ / Actual/Actual for the period from to
</TABLE>
<PAGE> 2
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.
<PAGE> 3
If as Agent:
The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
/X/ Other Provisions: Prudential Securities Incorporated
/ / Salomon Brothers Inc
/ / CS First Boston
/ / Donaldson, Lufkin & Jenrette
Securities Corporation
/ / Merrill Lynch & Co.
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