Pricing Supplement No. 43 Rule 424 (b) (2)
DATED: 10/26/94 Registration No. 33-56196
(To Prospectus Supplement dated January 8, 1993, including the Prospectus
dated December 30, 1992)
$1,000,000,000
USL CAPITAL CORPORATION*
MEDIUM-TERM NOTES, SERIES C
Due from Nine Months to 30 Years from Date of Issue
Floating Rate Note [x] % Fixed Rate Note [ ]
Global Security: [x] Yes [ ] No
Principal Amount: $25,000,000
Settlement Date: 11/2/94 Maturity Date: 11/4/96
Interest Accrual Date: 11/2/94
New Maturity Date(s): N/A Notice of Renewal Date(s): N/A
Issue Price: 100.00%
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Historical Exchange Rate: N/A
Redemption Dates: N/A
Redemption Price(s): N/A
Authorized Denominations ( if other than denominations of $1,000 and
integral multiples of $1,000 in excess thereof in U.S. Dollars): N/A
Repayment Date(s): N/A
Repayment Price(s): N/A
Interest Payment Period: Quarterly**
Interest Payment Dates: 2nd day of February, May, August, November**
(Only applicable to Floating Rate Notes)
Initial Interest Rate: To be calculated as if November 2, 1994 were an
Interest Reset Date
Index Maturity: N/A
Base Rate(s): Federal Funds
If LIBOR, Designated LIBOR Page:
[ ] LIBOR Reuters
[ ] LIBOR Telerate
Index Currency:
Interest Reset Period: Daily
Interest Reset Dates: Daily
Spread (plus or minus): 0.20%
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Calculation Agent: As provided in the Prospectus Supplement
Original Issue Discount Note:
[ ] Yes [x] No
(Only Applicable to Original Issue Discount Notes):
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Method to Determine Yield to Maturity and Initial Accrual Period OID:
Trade Date: 10/26/94
Name of Agent: Goldman, Sachs & Co.
Agent's Discount or Commission: $43,750
Net Proceeds to Company: $24,956,250
[x] Agent is Acting as Agent for the Sale of Notes
by the Company at a Price to the Public of
[x] 100 % of Principal
[ ] ___ % of Principal
[ ] Agent is Purchasing Notes from the Company as Principle
for Resale to investors and Other Purchasers at:
[ ] a fixed initial public offering price of
100 % of the Principal Amount
[ ] a fixed initial public offering price of
___ % of the Principal Amount
[ ] varying prices relating to prevailing market prices
at time of resale to be determined by Agent
Cusip Number: 91213LEJ0
Additional Terms:
* On November 12, 1993 United States Leasing International, Inc. changed
its name to USL Capital Corporation.
** Notwithstanding the terms of the Prospectus Supplement, interest on the
Notes will include accrued interest as if the Interest Reset Period was
quarterly, (i.e., include accrued interest to but excluding the Interest Payment
Date). The "Interest Determination Date" pertaining to an Interest Reset Date
for all purposes of this Note will be the first Business Day next preceding such
Interest Payment Date, unless the Interest Reset Date is also an Interest
Payment Date, in which case the Interest Determination Date will be the second
Business Day next preceding such Interest Reset Date.
