ADVANTA CORP
424B3, 1996-07-29
PERSONAL CREDIT INSTITUTIONS
Previous: ADVANTA CORP, 424B3, 1996-07-29
Next: ADVANTA CORP, 424B3, 1996-07-29



<PAGE>   1



Pricing Supplement dated July 24, 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 - FIXED RATE
=============================================================================
Principal Amount:  $5,000,000                   Interest Rate:  6.9900% 
Agent's Discount or Commission:  $15,000        Stated Maturity Date:  7/29/99 
Net Proceeds to Issuer: $4,985,000              Original Issue Date:   7/29/96 
Issue Price:  100%                              Trade Date: 7/24/96 
=============================================================================
Interest Payment Dates: January 29 and July 29  Cusip No.:  00756QBR8
                        each year until maturity

Day Count Convention:

  [X]  30/360 for the period from 7/29/96 to 7/28/99
  [ ]  Actual/360 for the period from      to
  [ ]  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.
       Optional 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.
       Option Repayment Dates:
       Repayment Price: ____%

Currency:

  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:
<PAGE>   2


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:  Bear Stearns & Co. Inc 

    [ ]  Salomon Brothers Inc

               [ ]  CS First Boston

                              [ ] Donaldson, Lufkin & Jenrette
                                                       Securities Corporation

                                                      [ ] Merrill Lynch & Co.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission