Pricing Supplement No. 45 Rule 424 (b) (2)
DATED: 1/17/95 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 [ ] 8.45 % Fixed Rate Note [x]
Global Security: [x] Yes [ ] No
Principal Amount: $50,000,000
Settlement Date: 1/24/95 Maturity Date: 1/25/05
Interest Accrual Date: 1/24/95
New Maturity Date(s): N/A Notice of Renewal Date(s): N/A
Issue Price:
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: Semi-Annually
Interest Payment Dates: 3/1, 9/1
(Only applicable to Floating Rate Notes)
Initial Interest Rate:
Index Maturity:
Base Rate(s):
If LIBOR, Designated LIBOR Page:
[ ] LIBOR Reuters
[ ] LIBOR Telerate
Index Currency:
Interest Reset Period:
Interest Reset Dates:
Spread (plus or minus):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Calculation Agent:
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: 1/17/95
Name of Agent: Goldman, Sachs & Co.
Agent's Discount or Commission: $237,500
Net Proceeds to Company: $49,762,500
[ ] Agent is Acting as Agent for the Sale of Notes
by the Company at a Price to the Public of
[ ] 100 % of Principal
[ ] ___ % of Principal
[x] 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
[x] varying prices relating to prevailing market prices
at time of resale to be determined by Agent
Cusip Number: 91213LEL5
Additional Terms:
