NationsBank Corporation Charlotte, NC 28255 Tel 704 386-5000 Pricing Supplement No. 0167 Dated March 26, 1997 Rule 424(b)(2) (To Prospectus dated July 12, 1996 and File number: 333-7229 Prospectus Supplement dated November 8, 1996) Subordinated Medium-Term Notes, Series F Due Nine Months or More From Date of Issue Fixed Rate Notes Principal Amount: $ 25,000,000.00 Issue Price: 100% (1) Commission or Discount: 2.300% $ 575,000.00 Proceeds to Company: 97.700% $ 24,425,000.00 Agent: Merrill Lynch & Co., as Principal Original Issue Date: April 15, 1997 Stated Maturity Date: April 16, 2012 Cusip #: 63858S-BE-8 Form: Book entry only Interest Rate: 7.500% per annum Interest Payment Dates: Monthly, 15th of each month, commencing on May 15, 1997 Discount Note? No May the Notes be redeemed by the Company prior to maturity? Yes (See below) The notes will be subject to redemption at the option of the Company, in whole, on the Interest Payment Date occurring April 15, 2002 and each Interest Payment Date occurring in April or October thereafter at a redemption price equal to 100% of the principal amount of the Notes, plus accrued interest thereon, if any, upon at least 30 calendar days prior notice, as described in the Prospectus Supplement. May the notes be repaid prior to maturity at the option of No the holder? (1): Notes purchased by the Agent as principal may be resold to investors and other purchasers at varying prices relating to prevailing market prices at the time of resale as determined by Merrill Lynch & Co.