ADVANTA CORP
424B3, 1997-09-30
PERSONAL CREDIT INSTITUTIONS
Previous: ADVANTA CORP, 424B3, 1997-09-30
Next: TEJAS GAS CORP, SC 13D/A, 1997-09-30



<PAGE>   1
Pricing Supplement No. 18 dated September 26 1997           Rule 424(b)(3)
(To Prospectus dated July  8, 1996 and                      File No. 333-05701
Prospectus Supplement dated August 7, 1997)

                                ADVANTA CORP.
                   VALUE NOTES (SM), SERIES A - FIXED RATE

================================================================================
Cusip No.:  00757GAT6                                  Interest Rate: 7.35%
Aggregate Principal Amount: $40,000.00                 Maturity Date: 10/01/2002
Total Agents' Discount or Commission: $500.00          Issue Date: 10/01/97
Net Proceeds to Issuer:  $39,500.00                    Trade Date:  9/26/97  
================================================================================

<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
                                                                Agent's Discount        Net Proceeds
              Name of Agent                 Principal Amount      or Commission           to Issuer
- ----------------------------------------------------------------------------------------------------
 <S>                                            <C>                 <C>                 <C>
 Dain Bosworth, Inc.                            $40,00.00           $500.00             $39,500.00
- ----------------------------------------------------------------------------------------------------
</TABLE>

Interest Payment Dates:   November 15, 1997 and the 15th day of each
                          succeeding calendar month through and including
                          September 15, 2002 and on the Maturity Date; provided
                          however, that if this Note is redeemed at the option
                          of the Company prior to the Maturity Date, the final
                          Interest Payment Date shall be the Redemption Date
                          (as defined herein).

Day Count Convention:

         [X]     30/360 for the period from  10/01/97 to 9/30/2002

Redemption:

         [ ]     The Notes cannot be redeemed prior to the Stated Maturity
                 Date.

         [X]     The Notes may be redeemed prior to the Stated Maturity Date.
                          Initial Redemption Date: October 15, 1999
                          Initial Redemption Percentage:  100%
                          Annual Redemption Percentage Reduction: 0%.
                          See "Other Provisions" below.

Form:    [X]     Book Entry

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>   2


If as Agent:

         The Notes are being offered at a fixed initial public offering price
         of 100% of principal amount.

[X]     Other Provisions:         This Note may be redeemed by the Company
                                  on October 15, 1999 (the "Initial Redemption
                                  Date") and on any Interest Payment Date
                                  thereafter (each, a "Redemption Date"), on
                                  written notice given not more than 60 nor
                                  less than 30 days prior to such Redemption
                                  Date.  In the event of any such redemption by
                                  the Company, the Redemption Price shall be
                                  100% of the principal amount of this Note.

                                  Agent:  Dain Bosworth, Inc.

[ ]      PaineWebber Incorporated

                 [ ]      Legg Mason Wood Walker, Incorporated

                                                       [ ]      Sage Rutty & Co.







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