Pricing Supplement dated : Rule 424 (b) 1
(to Prospectus dated March 12, 1998 File No. 333-45603
HOMESIDE LENDING, INC.
MEDIUM-TERM NOTE - FLOATING RATE
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Principal Amount $125,000,000 Initial Interest Rate: 5.7875%
Agent's Discount or Commission:$437,500 Original Issue Date: April 24, 1998
Net Proceeds to Issuer $124,562,500 Stated Maturity Date:April 24, 2001
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Calculation Agent: Bank of New York
Interest Calculation:
[X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
[ ] Inverse Floating Rate Note (Fixed Rate Commencement Date):
(Fixed Interest Rate): % (Fixed Interest Rate): %
Interest Rate Basis:
[ ] CD Rate [ ] Prime Rate [ ] Federal Funds Rate
[ ] Commercial Paper Rate [X] Libor [ ] Treasury Rate
[ ] CMT Rate [ ] 11th District Cost of Funds Rate
If Libor, Designated Libor page: If CMT Rate:
[ ] Reuters Page ____ Designated CMT Telerate Page ____
[X] Telerate Page: 3570 Designated CMT Maturity Index:
Designated Libor Currency: US Dollars
Initial Interest Reset Date: 4/24/98 Spread(+/-):+10 basis points
Interest Reset Date(s):1/24, 4/24, 7/24 and 10/24 Spread Multiplier: N/A
Interest Payment Date(s):1/24, 4/24, 7/24 and 10/24 Maximum Interest Rate: --
Index Maturity: 3 Mo. Libor Minimum Interest Rate: --
Day Count Convention
[X] Actual/360 for the period from 4/24/98 to 4/24/01
[ ] Actual/Actual for the period from to
[ ] 30/360 for the period from to
Repayment:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date. [ ] The
Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: ____%
Annual Redemption Percentage Reduction: ____% until Redemption Percentage is
100% of Principal Amount.
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID: Yield to Maturity:
Initial Accrual Period:
Form: [X] Book Entry [ ] Certificated
Agents: Chase Securities Inc. NationsBanc Capital Markets, Inc.
Merrill Lynch & Co. J.P. Morgan & Co.
Salomon Smith Barney UBS Securities
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale. [ ] The Notes are being offered at a
fixed public offering price of ____% of principal amount.
If as Agent:
[X] The Notes are being offered at a fixed initial public offering price
of 100% of Principal Amount.
Other/Additional Provisions:
