Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 2 DATED OCTOBER 1, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FLOATING RATE NOTES
-------------------
Trade Date: October 1, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 6, 1997 Principal Amount: $75,000,000
Stated Maturity Date: October 6, 1999 Net Proceeds: $74,812,500
Specified Currency:U.S. Dollars
Base |_| Commercial Paper |X| LIBOR |_| Certificate of
Rate(s): Rate Telerate Page 3750 Deposit Rate
|_| Treasury Rate |_| Federal Funds Rate |_| Prime Rate
|_| CMT Rate |_| Eleventh District |_| Other
District Cost of
Funds Rate
Exchange Rate Agent: N/A
Minimum Denomination: $100,000 Maximum Interest Rate: N/A
Initial Interest Rate: 5.59266% Minimum Interest Rate: N/A
Interest Determination Dates: Two Interest Factor Convention: N/A
Business Days prior to each Index Maturity: Three months
Interest Payment Date Spread (plus or minus): N/A
Interest Reset Dates: Same as Interest Spread Multiplier: N/A
Payment Dates Fixed Rate Commencement Date: N/A
Interest Payment Dates: Every January Fixed Interest Rate: N/A
6, April 6, July 6 and October
6, commencing January 6, 1998
Agent: Merrill Lynch & Co.
Calculation Agent: The Bank of New York
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997 the Guarantor did not have any secured indebtedness outstanding,
and CHL had $373,216,000 aggregate principal amount of secured indebtedness
outstanding. As of such date, CHL had $6,087,479,000 aggregate principal amount
of unsecured and unsubordinated indebtedness outstanding, which indebtedness
ranked pari passu in right of payment with CHL's other unsecured and
unsubordinated indebtedness and will rank pari passu in right of payment with
the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 3 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $35,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $34,825,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Lehman Brothers Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 4 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $20,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $19,900,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Salomon Brothers Inc
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 5 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $20,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $19,900,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Goldman, Sachs & Co.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 6 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $25,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $24,875,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Merrill Lynch & Co.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 7 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $20,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $19,900,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: Countrywide Securities Corp.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 8 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $20,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $19,900,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: NationsBanc Capital Markets, Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
<PAGE>
Rule 424(b)(3)
File Nos. 333-31529 and 333-31529-01
PRICING SUPPLEMENT NO. 9 DATED OCTOBER 3, 1997
(To Prospectus Dated August 12, 1997, as Supplemented August 15, 1997)
COUNTRYWIDE HOME LOANS, INC.
MEDIUM-TERM NOTES, SERIES F
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
PAYMENT OF PRINCIPAL, PREMIUM, IF ANY,
AND INTEREST FULLY AND UNCONDITIONALLY GUARANTEED BY
COUNTRYWIDE CREDIT INDUSTRIES, INC.
FIXED RATE NOTES
----------------
Trade Date: October 3, 1997 Book Entry: |X|
Issue Price: 100% Certificated: |_|
Original Issue Date: October 8, 1997 Principal Amount: $10,000,000
Stated Maturity Date: October 8, 2002 Net Proceeds: $ 9,950,000
Interest Rate: 6.38% Specified Currency:U.S. Dollars
Exchange Rate Agent: N/A
Agent: J.P. Morgan Securities Inc.
Minimum Denomination: $100,000
Interest Payment Dates: January 15 and July 15, commencing January 15, 1998
Record Dates: December 31 and June 30
Redemption: Repayment:
Check box opposite applicable Check box opposite applicable
paragraph: paragraph:
|X| The Notes cannot be |X| The Notes cannot be
redeemed prior to maturity. be repaid prior to maturity.
|_| The Notes may be redeemed |_| The Notes may be
prior to maturity. repaid prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms: N/A
-------------------
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of CHL and will rank pari passu in
right of payment with CHL's other unsecured and unsubordinated indebtedness. As
of May 31, 1997, the Guarantor did not have any secured indebtedness
outstanding, and CHL had $373,216,000 aggregate principal amount of secured
indebtedness outstanding. As of such date, CHL had $6,087,479,000 aggregate
principal amount of unsecured and unsubordinated indebtedness outstanding, which
indebtedness ranked pari passu in right of payment with CHL's other unsecured
and unsubordinated indebtedness and will rank pari passu in right of payment
with the Notes to which this Pricing Supplement relates.
