Pricing Supplement No. 5, dated March 3, 2004

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-92212

 

PRICING SUPPLEMENT NO. 5, DATED MARCH 3, 2004

(To Prospectus, dated July 22, 2002 and

Prospectus Supplement, dated August 6, 2002)

 

 

U.S.$1,975,000,000

 

McDONALD’S CORPORATION

 

Medium-Term Notes, Series H

(Fixed Rate Notes)

Due from 1 Year to 60 Years from Date of Issue

 

The following description of the terms of the Notes offered hereby supplements, and, to the extent

inconsistent therewith, replaces, the descriptions included in the Prospectus and

Prospectus Supplement referred to above, to which descriptions reference is hereby made.

 

 

Principal Amount:

    U.S.$30,000,000

Issue Price:

    100.00% of the Principal Amount of the Notes

Original Issue Date:

    March 30, 2004

Stated Maturity:

    September 30, 2016

Interest Rate:

    5.000% per annum

Interest Payment Dates:

    March 30 and September 30 of each year, commencing September 30, 2004

(Applicable only if other than February 15 and August 15 of each year)

Regular Record Dates:

    March 15 and September 15 of each year, as the case may be

(Applicable only if other than February 1 and August 1 of each year)

Form:

    x Book-Entry    ¨ Certificated
Specified Currency:

(If other than U.S. dollars)

Option to Receive Payments in Specified Currency:    ¨  Yes    ¨  No

(Applicable only if Specified Currency is other than U.S. dollars and if Note is not in Book Entry form)

Authorized Denominations:

(Applicable only if other than U.S.$1,000 and increments of U.S.$1,000 or if Specified Currency is other than U.S. dollars)

Method of Payment of Principal:

(Applicable only if other than immediately available funds)

Optional Redemption:

    ¨  The Notes cannot be redeemed prior to Stated Maturity.

     x    The Notes can be redeemed in whole at any time prior to Stated Maturity at the option of McDonald’s Corporation (the “Company”) as set forth below.
Optional Redemption Dates:    The Notes will be redeemable, in whole and at the Company’s option, semi-annually on each March 30 or September 30, commencing on March 30, 2006, upon not less than 20 calendar days’ notice.

Redemption Prices:

                    

¨ The Redemption Price shall initially be             % of the principal amount of the Note to be redeemed and shall decline at each anniversary of the initial Optional Redemption Date by             % of the principal amount to be redeemed until the Redemption Price is 100% of such principal amount; provided, however, that in the case of an Original Issue Discount Note, the Redemption Price shall be the Amortized Face Amount of the principal amount to be redeemed.

x Other: The Redemption Price shall be equal to 100% of the principal amount of the Notes.

Sinking Fund:    x    The Notes are not subject to a Sinking Fund.
     ¨    The Notes are subject to a Sinking Fund.

Sinking Fund Dates:

                         

Sinking Fund Amounts:

                         
Amortizing Note:    ¨    Yes    x    No     

Amortization Schedule:

                         
Optional Repayment:    ¨    Yes    x    No     

Optional Repayment Dates:

                         

Optional Repayment Prices:

                         
Original Issue Discount Note:    ¨    Yes    x    No     

Total Amount of OID:

                         

Yield to Stated Maturity:

                         

Initial Accrual Period OID:

                         
Calculation Agent (if other than Principal Paying Agent):
Net proceeds to Company (if sale to Agent, as principal): 100.00% of the Principal Amount of the Notes
Agent’s Capacity:    ¨    Agent    x    Principal     

Agent:    Morgan Stanley

 

CUSIP: 58013MDX9

 

 

Plan of Distribution:

 

Agent

        Principal Amount

Morgan Stanley & Co. Incorporated

        $ 30,000,000

Total:

        $ 30,000,000
   
  

 

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