HELLER FINANCIAL INC
424B3, 1994-08-18
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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<PAGE>
 
                                                              Rule 424(b)(3)
                                                              File No. 33-58716
 
Pricing Supplement No.: 14         Dated:  August 12, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)




U.S.$2,500,000,000

HELLER FINANCIAL, INC.

MEDIUM-TERM NOTES, SERIES F

(REGISTERED NOTES - FLOATING RATE)
DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE

Principal Amount: $10,000,000         Issue Price: 100%

Original Issue Date: 8/19/94          Stated Maturity Date: 8/19/97

Form: [X] Book-Entry  [_] Certificated

Depositary: Depository Trust Company

Specified Currency:  U.S. Dollars
  (If other than U.S. Dollars, see attached)

Option to Receive Payments in Specified Currency: [_] Yes [_] No
  (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations:
  (Applicable only if Specified Currency is other than U.S. Dollars)

Base Rate: [_] Commercial Paper Rate [_] LIBOR [_] Treasury Rate
  [X] Federal Funds Rate [_] Prime Rate [_] Other:

Interest Reset Period: Daily

Interest Payment Period: Quarterly

Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
Daily Reset, Source Telerate Page 120 and Fed H15, coupon cutoff - 5 business
days prior to Interest Payment Date.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement)  The 19th of November, February, May and August, of each year
commencing on November 21, 1994, until maturity.
<PAGE>
 
                                                              Rule 424(b)(3)
                                                              File No. 33-58716
 
Pricing Supplement No.:            14             Dated:  August 12, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)



Interest Determination Date(s): Daily Reset, Source Telerate Page 120 and Fed
H15, coupon cutoff - 5 business days prior to Interest Payment Date.
 
Initial Interest Rate: To be determined

Index Maturity: Daily.

Day Count Convention: Actual/360

Maximum Interest Rate: N/A                    Minimum Interest Rate:  N/A

Spread (+/-):   + .38%                             Spread Multiplier: N/A

Optional Redemption: [_] Yes [X] No
  Initial Redemption Date:
  The Redemption Price shall initially be   % of the principal amount of the
  Note to be redeemed and shall decline at each anniversary of the Initial
  Redemption Date by   % of the principal amount to be redeemed until the
  Redemption Price is 100% of such principal amount.

Optional Repayment: [_] Yes [X] No
  Optional Repayment Dates:
  Optional Repayment Prices:

Repayment Provisions:
  (If other than as specified in the Prospectus Supplement)

Discount Note: [_] Yes [X] No
  Total Amount of OID:
  Yield to Maturity:
  Initial Accrual Period OID:
Calculation Agent: Heller Financial, Inc.
Exchange Rate Agent: N/A
Recognized Foreign Exchange Dealers: N/A
Discount or Commission:  .0%

Other Provisions: a)  AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT
                           NO. 14, UNDER MTN-SERIES F PROGRAM: $352,000,000
                  b)  CUSIP #: 42333HDV1

Agent:  UBS Securities, Inc.
        299 Park Avenue
        New York, New York 10171-0026


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