A $400 million issue of Associates Corporation of North America notes, due Sept. 17, 1999, was priced with a coupon of 6.68% at various offering prices, according to McM CorporateWatch.

The notes, which are noncallable, were priced initially at par to yield 6.68%. The issue will be sold through underwriters led by Deutsche Morgan Grenfell.

The issue is rated Aa3 by Moody's Investors Service and double-A-minus by Standard & Poor's.

Associates Corporation of North America is a unit of Ford Motor Co.

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