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PRICING SUPPLEMENT NO. 7 DATED JULY 18, 1997                                                                          Rule 424(b)(3)
(To the Prospectus Dated May 1, 1996, and the Prospectus Supplement dated May 16, 1996)                           File No. 333-02461
AIR PRODUCTS AND CHEMICALS, INC. MEDIUM-TERM NOTES, SERIES F DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE FIXED-RATE NOTES ------------- Trade Date: July 18, 1997 Original Issue Date: July 23, 1997 Maturity Date: August 1, 2007
Interest Rate Range of Maturities Per Annum ----------------------------------------------------------------------------------------------------------- From 9 months to less than 1 year.................................................................. % From 1 year to less than 18 months................................................................. % From 18 months to less than 2 years ............................................................... % From 2 years to less than 3 years.................................................................. % From 3 years to less than 4 years.................................................................. % From 4 years to less than 5 years.................................................................. % From 5 years to less than 6 years.................................................................. % From 6 years to less than 7 years.................................................................. % From 7 years to less than 8 years.................................................................. % From 8 years to less than 9 years.................................................................. % From 9 years to less than 10 years................................................................. % From 10 years to less than 11 years................................................................ 6.65% From 11 years to less than 12 years................................................................ % From 12 years to less than 13 years................................................................ % From 13 years to less than 14 years................................................................ % From 14 years to less than 15 years................................................................ % From 15 years to less than 16 years................................................................ % From 16 years to less than 17 years................................................................ % From 17 years to less than 18 years................................................................ % From 18 years to less than 19 years................................................................ % From 19 years to less than 20 years................................................................ % From 20 years to less than 21 years................................................................ % From 21 years to less than 22 years................................................................ % From 22 years to less than 23 years................................................................ % From 23 years to less than 24 years................................................................ % From 24 years to less than 25 years................................................................ % From 25 years to less than 26 years................................................................ % From 26 years to less than 27 years................................................................ % From 27 years to less than 28 years................................................................ % From 28 years to less than 29 years................................................................ % From 29 years up to and including 30 years......................................................... %
Principal Amount: $50,000,000.00 Face Amount: $50,000,000.00 Issue Price: Par Net Proceeds to Issuer: $49,597,000.00 Specified Currency: U.S. Dollars Exchange Rate Agent: Lehman Brothers Inc. (If other than U.S. dollars, see attached) Interest Payment Dates: December 15 and June 15 Record Dates: December 1 and June 1 First Interest Payment on December 15, 1997 Agent's Commission: $403,000.00 Agent: Lehman Brothers Inc. Global Note: /X/Yes / /No Form: /X/ Book-Entry / / Certificated
2 Depositary: DTC Redemption: Check box opposite applicable sentence. /X/ The Notes cannot be redeemed prior to maturity. / / The Notes may be redeemed prior to maturity. Terms of Redemption: Repayment: Check the box opposite applicable sentence. /X/ The Notes cannot be repaid prior to maturity. / / The Notes may be repaid prior to maturity. Terms of Repayment: Additional Terms: