<PAGE>
Rule 424(b)(3)
File No. 333-58723
Pricing Supplement No. 38 Dated: August 3, 1999
(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
Principal Amount: $250,000,000 Issue Price: 100.00%
Original Issue Date: August 6, 1999 Stated Maturity Date: August 7, 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
[] 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):
Each Business Day, up to but excluding the Stated Maturity Date, there will be a
Two Business Day cutoff prior to each Interest Payment Date.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): ): The 7th day of May, August, November and February, beginning
November 8, 1999 up to and including the Stated Maturity Date.
Interest Determination Date(s): Prior day H15 Prime Rate
Initial Interest Rate: To be determined
Index Maturity: H-15 Prime
<PAGE>
Day Count Convention: Act/360
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread (+/-):-2.60% 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: .05%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO.
38 UNDER MTN-SERIES I PROGRAM: $2,729,375,000.00
b) CUSIP #42333HLY6
<TABLE>
<S> <C> <C> <C>
Agent: Barclays Capital Goldman, Sachs & Co Lehman Brothers, Inc
222 Broadway, 7th Floor 85 Broad Street Three World Financial Center
New York, New York 10038 27th Floor 12th Floor
New York, New York 10004 New York, New York 10285
Salomon Smith Barney
390 Greenwich Street, 4th Floor
New York, NY 10013
</TABLE>
<PAGE>
Rule 424(b)(3)
File No. 333-58723
Pricing Supplement No. 39 Dated: August 4, 1999
(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
Principal Amount: $10,000,000 Issue Price: 100.00%
Original Issue Date: August 9, 1999 Stated Maturity Date: August 9, 2001
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 Period: Quarterly
Interest Payment Period: Quarterly
Interest Reset Dates: (If other than as specified in the Prospectus Supplement):
The 9th day of February, May, August and November, beginning November 9, 1999 up
to but excluding the Stated Maturity Date.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): ): The 9th day of February, May, August and November, beginning
November 9, 1999 up to and including the Stated Maturity Date.
Interest Determination Date(s): Two London Banking Days prior to each Interest
Reset Date
Initial Interest Rate: To be determined
Index Maturity: 3 Month LIBOR
<PAGE>
Day Count Convention: Act/360
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread (+/-): +.30% 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: .09522%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO.
39 UNDER MTN-SERIES I PROGRAM: $2,979,375,000.00
b) CUSIP #42333HLZ3
Agent: Merrill Lynch & Co.
250 Vesey Street
New York, NY 10281
