The redemption will occur on Sept. 1, 1997, at a redemption price equal to 100 percent of the principal amount, plus accrued and unpaid interest to such date.
A notice of redemption will be mailed to registered holders of the debentures, which, among other things, will specify that the debentures are to be surrendered for payment at either of the following addresses: First Union National Bank, Corporate Trust Operations, Customer Information Center, 1525 West W.T. Harris Blvd., Charlotte NC 28288; or Citibank, N.A., 111 Wall Street, 5th Floor, Corporate Trust Services, New York, NY 10043.
First Union Corp. is a leading provider of financial services to more than 12 million retail and corporate customers throughout the East Coast and the nation. It is the nation's sixth-largest bank holding company with assets of approximately $137 billion as of March 31, 1997.
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