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Rule 424(b)(3)
File No. 333-38545
Pricing Supplement No. 18 Dated: August 17, 1998
(To Prospectus dated October 30, 1997
Prospectus Supplement dated November 17, 1997)
U.S. $2,500,000,000
HELLER FINANCIAL, INC.
Medium-Term Notes, Series H
(Registered Notes-Floating Rate)
Due From Nine Months to Thirty Years From Date of Issue
Principal Amount: $50,000,000 Issue Price: 100%
Original Issue Date: August 21, 1998 Stated Maturity Date: August 21, 2000
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 : Daily
Interest Payment Period : Quarterly
Interest Reset Dates: (If other than as specified in the Prospectus Supplement):
Daily using previous day Fed Funds, two day cutoff prior to payment date, up to
but excluding the Stated Maturity Date.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): The 21st day of February, May, August and November beginning
November 23, 1998 up to and including the Stated Maturity Date.
Interest Determination Date(s): Daily Fed Funds - previous day Fed Funds.
<PAGE>
Rule 424(b)(3)
File No. 333-38545
Pricing Supplement No. 18 Dated: August 17, 1998
(To Prospectus dated October 30, 1997
Prospectus Supplement dated November 17, 1997)
Initial Interest Rate: To be determined
Index Maturity: Daily
Day Count Convention: Act/360
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread (+/-): +.25% 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: .09484%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO. 18
UNDER MTN-SERIES H PROGRAM: $1,668,000,000
b) CUSIP #42333HKA9
Agent: Merrill Lynch & Co.
250 Vesey Street
New York, NY 10281
