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Pricing Supplement dated October 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
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Principal Amount: $10,000,000 Initial Interest Rate: To be determined as of 10/18/96
Agent's Discount or Commission: $20,000 Stated Maturity Date: 10/22/98
Net Proceeds to Issuer: $9,980,000 Original Issue Date: 10/22/96
Issue Price: 100% Trade Date: 10/17/96
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Calculation Agent: Chase Manhattan Bank Cusip No.: 00756QCV8
Interest Calculation:
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/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: January 22, 1997 Spread (+/-): +0.3000%
Interest Reset Dates: The 22nd day of January, Spread Multiplier: N/A
April, July and October Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
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Interest Payment Dates: The 22nd day of January, April, July and October,
commencing January 22, 1997, with a final
interest payment on October 22, 1998
Index Maturity: 3-Month LIBOR
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Day Count Convention:
/ / 30/360 for the period from to
/X/ Actual/360 for the period from 10/22/96 to 10/21/98
/ / 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:
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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.
/X/ Other Provisions: Prudential Securities Incorporated
/ / Salomon Brothers Inc
/ / CS First Boston
/ / Donaldson, Lufkin & Jenrette
Securities Corporation
/ / Merrill Lynch & Co.
