<PAGE> 1
Rule 424(b)(2)
File No. 33-63343
Pricing Supplement No. 3 Dated: October 26, 1995
(To Prospectus dated October 25, 1995 and
Prospectus Supplement dated October 25, 1995)
FINOVA CAPITAL CORPORATION
(Formerly Greyhound Financial Corporation)
Medium-Term Notes, Series C - Floating Rate
- --------------------------------------------------------------------------------
Principal Amount: $20,000,000 Trade Date: 10/26/95
Issue Price: 100% Original Issue Date: 10/31/95
Initial Interest Rate: 6.0125% Net Proceeds to Issuer: $19,990,000
Stated Maturity Date: 10/31/96 Agent's Discount or Commission: $10,000
- --------------------------------------------------------------------------------
Calculation Agent: First Interstate Bank of Arizona, N.A.
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):
( ) Other Floating Rate Note
(see attached)
Interest Rate Basis:
( ) CD Rate ( ) Eleventh District Cost of Funds Rate
( ) CMT Rate ( ) Federal Funds Rate
( ) Commercial Paper Rate ( ) Treasury Note Rate
(X) LIBOR ( ) Prime Rate
( ) Other (see attached)
<TABLE>
<CAPTION>
<S> <C>
If LIBOR, Designated LIBOR Page:( ) Reuters Page: _____ or (X) Telerate Page: 3750
Index Currency:
If CMT Rate, Designated Page: ( ) Reuters Page: _____ or ( ) Telerate Page: _____
Index Currency:
Initial Interest Reset Date: 1/31/96 Spread (+/-): +0.075%
Interest Reset Dates: 1/31/96, 4/30/96 and 7/21/96. Spread Multiplier: N/A
Interest Payment Dates: 1/31/96, 4/30/96, 7/31/96 and at Maturity. Maximum Interest Rate: N/A
Index Maturity: N/A Minimum Interest Rate: N/A
</TABLE>
Day Count Convention:
(X) Actual/360 for the period from October 31, 1995 to October 31, 1996
( ) Actual/Actual for the period from to
( ) 30/360 for the period from to
Redemption:
(X) The Notes cannot be redeemed prior to the Stated Maturity Date.
( ) The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: ___ %
Annual Redemption Percentage Reduction: ___% until Redemption
Percentage is 100% of the
Principal Amount.
<PAGE> 2
Repayment:
(X) The Notes cannot be repaid prior to the Stated Maturity Date.
( ) The Notes can be repaid prior to the Stated Maturity Date at the
option of the holder of the Notes.
Optional Repayment
Date(s): Repayment Price: ___ %
Currency:
Specified Currency: U.S. Dollars (If other than U.S. Dollars, see attached)
Minimum Denominations: _________ (Applicable only if Specified Currency is
other than U.S. dollars)
Original Issue Discount: ( ) Yes (X) No
Total Amount of OID: Yield to Maturity:
Initial Accrual Period:
Form: (X) Book-Entry ( ) Certificated
Agent:
____ Lehman Brothers X Citicorp Securities, Inc. ____Goldman, Sachs & Co.
____ Merrill Lynch & Co. ____ CS First Boston ____ Morgan Stanley & Co.
Incorporated
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 initial 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 Provisions:
