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Rule 424(b)(3)
File No. 333-58723
Pricing Supplement No. 1 Dated: September 22, 1998
(To Prospectus dated July 17, 1998
Prospectus Supplement dated August 28, 1998)
U.S.$5,000,000,000
Heller Financial, Inc.
Medium-Term Notes, Series I
(Registered Notes-Floating Rate)
Due From Nine Months to Thirty Years From Date of Issue
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Principal Amount: $330,000,000 Issue Price: 100%
Original Issue Date: September 25, 1998 Stated Maturity Date: September 25, 2000
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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 [X] LIBOR [] Treasury Rate
[] Federal Funds Rate [] Prime Rate [] Other:
Interest Reset: Quarterly
Interest Payment Period: Quarterly
Interest Reset Dates: (If other than as specified in the Prospectus Supplement):
The 25th day of March, June, September and December, beginning December 29, 1998
up to but excluding Stated Maturity Date.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): The 25th day of March, June, September and December beginning
December 29, 1998 up to and including the Stated Maturity Date.
Interest Determination Date(s): Two London Banking Days prior to each Interest
Reset Date.
<PAGE>
Rule 424(b)(3)
File No. 333-58723
Pricing Supplement: No. 1 Dated: September 22, 1998
(To Prospectus dated July 17, 1998
Prospectus Supplement dated August 28, 1998)
Initial Interest Rate: 5.83%
Index Maturity: 3 month Libor
Day Count Convention: Act/360
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread (+/-):+.33% 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: .15%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO. 1
UNDER MTN-SERIES I PROGRAM: $-0-
b) CUSIP #42333HKK7
Agent: Chase Securities Inc.
270 Park Avenue
New York, New York 10017
