Pricing Supplement No.: 1 Filing Under Rule
424(b)(3)
Date: June 16, 1994 Registration File No.
33-49719
(to Prospectus dated January 12, 1994 and
Prospectus Supplement dated January 14, 1994)
$400,000,000
PROVIDIAN CORPORATION
Medium-Term Notes, Series D
CUSIP: 14018MAA0
Principal amount: $2,000,000 Floating Rate Notes:
Interest Rate (if fixed rate): 7.83% Interest Rate Basis:
Maturity Date: June 23, 2004 Commercial Paper Rate
Specified Currency: U.S. Dollars Prime Rate
Exchange Rate (if any): LIBOR
U.S. $1.00 = Treasury Rate
Issue price (as a percentage of CD Rate
principal amount): 100.000% Federal Funds Rate
Selling Agent's commission (%): 0.625% Index Maturity:
Purchasing Agent's discount or Spread (plus or minus):
commission (%): Spread Multiplier:
Net proceeds to the company (%): 99.375% Maximum Interest Rate:
Settlement date (Original Issue Minimum Interest Rate:
Date): June 23, 1994 Initial Interest Rate:
Redemption Commencement Date (if Interest Reset Date(s) (if
semi-annually or
any): annually):
Exchange Rate Agent: Third Wednesday of:
Original Issue Discount Security: Interest Reset Date (if weekly,
monthly or
Yes: No: XXX quarterly): A/S
Default Rate (%): Interest Determination
Date(s):A/S
(applicable only for Original Issue Calculation Date(s): A/S
Discount Security) Calculation Agent: A/S
Interest Payment Date(s):
Third Wednesday March
of
June
September
October
Redemption Periods: Regular Record Date(s):
Interest Reset Period:
Other Provisions: Redemption Prices:
If such Notes are denominated in other than U.S dollars, the applicable
Foreign Currency Supplement is attached hereto.
Additional Terms:
As of the date of this Pricing Supplement (i) the aggregate initial public
offering price (or its equivalent in other currencies or composite currencies)
of the Notes (as defined in the Prospectus Supplement) which have been sold
(including the Notes to which this Pricing Supplement relates) is $30,000,000;
and the aggregate proceeds which the Company has received from Debt Securities
(as defined in the Prospectus) which have been sold (including the Notes to
which this Pricing Supplement relates) is $29,812,500.
"N/A" as used herein means "Not Applicable". "A/S" as used herein means "As
stated in the Prospectus Supplement referred to above".
Effective May 12, 1994, Capital Holding Corporation changed its name to
Providian Corporation. As a result, all references in the prospectus to
"Capital Holding Corporation" shall be read as to refer to "Providian
Corporation".
Merrill Lynch Capital Markets
