Rule 424(b)(3)
File Nos. 333-82583 and 333-82583-01
PRICING SUPPLEMENT NO. 3 DATED: July 17, 2000
(To Prospectus Dated June 8, 2000, as Supplemented June 15, 2000)
COUNTRYWIDE HOME LOANS, INC.
Medium-Term Notes, Series I
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: July 17, 2000 Book Entry: |X|
Issue Price: Variable Certificated: |_|
Original Issue Date: July 20, 2000 Principal Amount: $125,000,000.00
Stated Maturity Date: July 20, 2001 Net Proceeds: $124,935,000.00
Interest Rate: 7.15%MMY Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Agent: Chase Securities Inc.
Minimum Denomination: $1,000
Interest Payment Dates: July 20, 2001
Record Dates: Interest payable on the Maturity Date will be payable to the
person to whom principal is payable.
Redemption: Repayment:
Check box opposite applicable paragraph: Check box opposite applicable
paragraph:
|X| The Notes cannot be redeemed prior to maturity. |X| The Notes cannot be
repaid prior to maturity.
|_| The Notes may be redeemed prior to maturity. |_| The Notes may be repaid
prior to maturity.
Initial Redemption Date: Optional Repayment Dates:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction, if any:
Additional/Other Terms:
Interest will be computed on the basis of the actual number of days in a 360-day
year.
The Notes to which this Pricing Supplement relates will constitute
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with Countrywide Home Loan's other unsecured and unsubordinated
indebtedness. As of May 31, 2000, Countrywide Credit Industries did not have any
secured indebtedness outstanding, and Countrywide Home Loans had $20,273,469
aggregate principal amount of secured indebtedness outstanding, all of which was
short-term indebtedness. As of that date, Countrywide Home Loans had
$9,363,148,000 aggregate principal amount of unsecured and unsubordinated
indebtedness outstanding, which indebtedness ranked equally with the other
unsecured and unsubordinated indebtedness of Countrywide Home Loans and will
rank equally with the Notes to which this Pricing Supplement relates.
