Pricing Supplement #4 dated August 2, 2002
(To Prospectus dated January 24, 2002 and
Prospectus Supplement dated May 29, 2002)
  Rule 424(b) (3)
File No. 333-71324

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: o  Merrill Lynch & Co. ý  Other: U.S. Bancorp Piper Jaffray, acting as: o  principal ý  agent, at: o  varying prices related to prevailing market prices at the time of resale ý  a fixed initial public offering price of 100% of the Principal Amount.


  Principal Amount: $15,000,000   Original Issue Date: August 7, 2002
 
Agent's Discount or Commission: .625%

 

Stated Maturity Date: August 7, 2012
 
Nets Proceeds to Company: $14,906,250

 

Interest Payment Date(s): June 1st and December 1st

Interest Rate: 5.40% per annum

Redemption:
ý   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:
ý   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: U.S. 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:    ý    Book- Entry        o    Certificated

Other Provisions: