-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T1UdC3u39d/gmisYy5RjdRgSIpS3lVdSa91y3wK/Hjhw0AW8w++MoTPz6lSmsNcy bivcDNlZOmAWapHJ5r56qQ== 0000950144-97-000859.txt : 19970225 0000950144-97-000859.hdr.sgml : 19970225 ACCESSION NUMBER: 0000950144-97-000859 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970204 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANPONCE CORP CENTRAL INDEX KEY: 0000763901 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 660416582 STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-61601 FILM NUMBER: 97517469 BUSINESS ADDRESS: STREET 1: 209 MUNOZ RIVERA AVE STREET 2: POPULAR CENTER BUILDING CITY: HATO REY STATE: PR ZIP: 00918 BUSINESS PHONE: 8097659800 MAIL ADDRESS: STREET 1: P.O. BOX 362708 CITY: SAN JUAN STATE: PR ZIP: 00936-2708 424B3 1 BANPONCE CORPORATION $25,000,000.00 1 Filed Pursuant to Rule 424(b)(3) Registration No. 33-61601 Pricing Supplement, dated February 3, 1997 to Prospectus Supplement dated October 6, 1995 to Prospectus dated September 27, 1995 BANPONCE CORPORATION MEDIUM-TERM NOTES, SERIES 2 DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE PRINCIPAL AMOUNT ............................. $25,000,000.00 ORIGINAL ISSUE DATE........................... February 4, 1997 MATURITY DATE................................. February 5, 1999 GLOBAL NOTE................................... Yes INITIAL INTEREST RATE......................... 5.6825% INTEREST RATE BASIS........................... 3 Month LIBOR INDEX MATURITY................................ N/A SPREAD........................................ +.12% INTEREST RATE RESET PERIOD.................... March 17, 1997, June 16, 1997, Sept. 15, 1997, Dec. 15, 1997, March 16, 1998, June 15, 1998, Sept. 14, 1998, and Dec. 14, 1998 INTEREST PAYMENT PERIOD....................... March 19, 1997, June 18, 1997, Sept. 17, 1997, Dec. 17, 1997, March 18, 1998, June 17, 1998, Sept. 16, 1998, Dec. 16, 1998 and at maturity REDEMPTION PROVISIONS "If BanPonce Corporation does not maintain top-tier short-term ratings from a minimum of two of the six Nationally Recognized Statistical Rating Organizations, the purchaser shall have the unconditional right to demand prepayment of 100% of the outstanding principal amount of the note plus accrued interest. Such demand shall be made by telephone from the purchaser to the issuer up until 12:00 pm...CST, on the same business day on which the prepayment will be made. The issuer shall pay to the purchaser the principal amount under the note(s) and all interest accrued and not paid therefore on the date of prepayment. All payments shall be made in immediately available funds." The Purchaser shall have the unconditional right at any time to demand prepayment of up to 100% of the outstanding principal amount of this Note by notifying the Issuer seven calendar days preceding the day on which the prepayment will be made. The Issuer shall pay to the Purchaser the principal amount under the Note or the portion thereof to be prepaid and all interest accrued and not paid theretofore on the date of prepayment. All payments shall be made in immediately available funds. The proceeds from the issuance of the Note to which this Pricing Supplement relates will be used to finance BanPonce Corporation subsidiaries. -----END PRIVACY-ENHANCED MESSAGE-----