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Rule 424(b)(3)
Registration Stmt. No. 33-63343
Pricing Supplement No. 16 Dated: Oct. 7, 1997
(To Prospectus dated October 25, 1995 and
Prospectus Supplement dated February 15, 1996)
FINOVA CAPITAL CORPORATION
(Formerly Greyhound Financial Corporation)
Medium-Term Notes, Series C - Fixed Rate
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Principal Amount: $25,000,000 Trade Date: 10/7/97
Issue Price: 100% Original Issue Date: 10/10/97
Interest Rate: 6.19% Net Proceeds to Issuer: $24,912,500
Stated Maturity Date: 10/10/00 Agent's Discount or Commission: $87,500
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Interest Payment Dates: Semiannually on each March 15
and September 15 and at Maturity
Commencing on March 15, 1998
Day Count Convention:
(X) 30/360 for the period from October 10, 1997 to October 10, 2000
( ) Actual/360 for the period from to
( ) Actual/Actual 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 the Stated Maturity Date.
Initial Redemption Date:
Optional 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):
Currency:
Specified Currency:
(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
Lehman Brothers First Chicago Capital Markets, Inc.
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Goldman, Sachs & Co. X Merrill Lynch & Co. CS First Boston
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Morgan Stanley & Co. Incorporated
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