e424b3
 

     
Pricing Supplement #7 dated November 5, 2003   Rule 424(b) (3)
(To Prospectus dated January 24, 2002 and   File No. 333-71324
Prospectus Supplement dated May 29, 2002)    

NIKE, Inc.

Medium-Term Notes — Fixed Rate

     We are hereby offering to sell Notes having the terms specified below to you with the assistance of: x Deutsche Bank Securities Inc. and o Other:         , acting as: o principal x agent, at: o varying prices related to prevailing market prices at the time of resale x a fixed initial public offering price of 100% of the Principal Amount.


     
Principal Amount: $20,000,000   Original Issue Date: November 7, 2003
     
Agent’s Discount or Commission: .625%   Stated Maturity Date: October 15, 2015
     
Nets Proceeds to Company: $19,961,594.44   Interest Payment Date(s): April 15th and October 15th


Interest Rate: 5.15% per annum

Redemption:

     
x   The Notes may not be redeemed prior to the Stated Maturity Date.
o   The Notes may be redeemed at the option of the Company prior to the Stated Maturity Date.
    Initial Redemption Date:
    Initial Redemption Percentage:
    Annual Redemption Percentage Reduction:       % until Redemption Percentage is 100% of the Principal Amount.
o   The Notes shall be redeemed by the Company prior to the Stated Maturity Date (see attached)

Repayment:

x   The Notes may not be repaid prior to the Stated Maturity Date.
o   The Notes may be repaid prior to the Stated Maturity Date at the option of the holder of the Notes.
    Option Repayment Date(s):

Currency:

Specified Currency: United States dollars. (If other than U.S. dollars, see attached)
Minimum Denominations:           (Applicable only if Specified Currency is other than U.S. dollars)
Exchange Rate Agent:           (Applicable only if Specified Currency is other than U.S. dollars)

If Discount Note, check o
      Issue Price:    %

Form:       x Book-Entry        oCertificated

Other Provisions: