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Pricing Supplement No. 24 dated October 10, 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
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Cusip No.: 00757GAZ2 Interest Rate: 7.40%
Aggregate Principal Amount: $233,000.00 Maturity Date: 10/15/2002
Total Agents' Discount or Commission: $2,912.50 Issue Date: 10/15/97
Net Proceeds to Issuer: $230,087.50 Trade Date: 10/10/97
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<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Agent's Discount Net Proceeds
Name of Agent Principal Amount or Commission to Issuer
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Legg Mason Wood Walker, Incorporated $ 6,000.00 $ 75.00 $ 5,925.00
- ------------------------------------------------------------------------------------------------------
Sage Rutty & Co. $ 25,000.00 $ 312.50 $ 24,687.50
- ------------------------------------------------------------------------------------------------------
Dain Bosworth, Inc. $ 202,000.00 $ 2,525.00 $ 199,475.00
- ------------------------------------------------------------------------------------------------------
</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, in whole or in part, at the
option of the Company prior to the Maturity Date, the
final Interest Payment Date with respect to the
principal amount so redeemed shall be the Redemption
Date (as defined herein).
Day Count Convention:
[X] 30/360 for the period from 10/15/97 to 10/14/2002
Redemption:
[ ] The Notes cannot be redeemed prior to the Stated Maturity
Date.
[X] The Notes may be redeemed, in whole or in part, 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.
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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: This Note may be redeemed, in whole or in part, 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 so
redeemed.
Agent: Dain Bosworth, Inc.
[ ] PaineWebber Incorporated
[X] Legg Mason Wood Walker, Incorporated
[X] Sage Rutty & Co.
