<PAGE>
Rule 424(b)(3)
File No. 33-58716
Pricing Supplement No. 38 Dated: August 25, 1995
(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: $200,000,000 Issue Price: 100%
Original Issue Date: August 31, 1995 Stated Maturity Date: November 1, 1996
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
[] Federal Funds Rate [X] Prime Rate [] Other:
Interest Reset Period: Daily
Interest Payment Period: Quarterly
Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
Daily
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) November 1, 1995, February 1, 1996, May 1, 1996, August 1, 1996 and
November 1, 1996.
Interest Determination Date(s): Each Business Day, coupon cutoff two Business
Days prior to each Interest Payment Date.
<PAGE>
Rule 424(b)(3)
File No. 33-58716
Pricing Supplement No.: 38 Dated: August 25, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)
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 (+/-): -2.70% 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: .005617%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT
NO. 38, UNDER MTN-SERIES F PROGRAM: $883,000,000
b) CUSIP #: 42333HEW8
Agent: Merrill Lynch & Co.
250 Vesey Street
New York, NY 10281
