<TABLE>
<S> <C>
Pricing Supplement No. 12 dated January 4, 1999 Registration No. 333-38171
(To Prospectus dated August 7, 1998 and 333-38171-01
Prospectus Supplement dated August 7, 1998) Filing under Rule 424(b)(3)
FINOVA CAPITAL CORPORATION
Medium-Term Notes - Fixed Rate
==================================================================================================
Principal Amount: $5,000,000.00 Original Issue Date (Settlement Date): January 7, 1999
Interest Rate: 6.035% per annum Stated Maturity: January 7, 2004
==================================================================================================
Interest Payment Date(s): [X] March 15 and September 15
[ ] Other:
Regular Record Dates: [X] March 1 and September 1
[ ] Other:
Redemption:
[X] The Medium-Term Notes offered pursuant to this Pricing Supplement (the "Notes") cannot be
redeemed at the option of FINOVA Capital Corporation (the "Company") prior to Stated
Maturity.
[ ] The Notes may be redeemed at the option of the Company prior to Stated Maturity.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: until the Redemption Price is 100%
of the Principal Amount.
Optional Repayment:
[X] The Notes cannot be repaid at the option of the Holders thereof prior to Stated Maturity.
[ ] The Notes can be repaid at the option of the Holders thereof prior to Stated Maturity.
Optional Repayment Date(s):
Authorized Denomination (if other than $1,000 and integral multiples thereof):
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID: Yield to Maturity:
Initial Accrual Period: Issue Price:
Method used to determine yield for Initial Accrual Period:
[ ] Approximate
[ ] Exact
Form: [X] Book-Entry [ ] Certificated
Agent: [ ] Merrill Lynch & Co.
[ ] Merrill Lynch, Pierce, Fenner & Smith
Incorporated
[ ] Credit Suisse First Boston Corporation
[ ] Goldman, Sachs & Co.
[ ] Lehman Brothers Inc.
[ ] Salomon Brothers Inc
[ ] Morgan Stanley & Co. Incorporated
[X] Other -- WARBURG DILLON READ LLC
Agent is acting in the capacity indicated below:
[X] Agent [ ] Principal
<PAGE>
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing market prices at the
time of resale, plus accrued interest, if any, from the Original Issue Date.
[ ] The Notes are being offered at a fixed initial public offering price of % of the
Principal Amount, plus accrued interest, if any, from the Original Issue Date.
If as agent:
The Notes are being offered at a fixed initial public offering price of 100% of the
Principal Amount, plus accrued interest, if any, from the Original Issue Date.
Agent's discount or commission: .50%
Net proceeds to Company: $4,975,000.00
CUSIP: 31808CCE0
Trustee: The First National Bank of Chicago
Other Provisions:
Certain capitalized terms used in this Pricing Supplement and not defined herein
have the respective meanings ascribed thereto in the Prospectus and Prospectus
Supplement referred to above.
2
</TABLE>
