ADVANTA CORP
424B3, 1996-08-16
PERSONAL CREDIT INSTITUTIONS
Previous: LEXINGTON STRATEGIC INVESTMENTS FUND INC, 24F-2NT, 1996-08-16
Next: PHOENIX RESOURCE COMPANIES INC, S-8 POS, 1996-08-16



<PAGE>   1

Pricing Supplement dated August 15, 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:  $10,000,000                   Interest Rate: 6.740%
Agent's Discount or Commission:  $30,000         Stated Maturity Date:  8/20/99
Net Proceeds to Issuer:  $9,970,000              Original Issue Date:  8/20/96
Issue Price: 100%                                Trade Date:  8/15/96
===============================================================================
Interest Payment Dates:  The 20th day of each    Cusip No.: 00756QBY3
                         February and August

Day Count Convention:

     / X/    30/360 for the period from     8/20/96  to 8/19/99
     /  /    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:  United States 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.

/   /     Other Provisions:

     /  /  Salomon Brothers Inc

               /  /  CS First Boston

                         / X/ Donaldson, Lufkin & Jenrette
                              Securities Corporation

                                        /   / Merrill Lynch & Co.









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