Registration No. 33-51451
Rule 424 (b)(2)
PRICING SUPPLEMENT No. 4 Dated January 7, 1994 (To Prospectus dated
December 30, 1993)
$2,000,000,000
H O U S E H O L D F I N A N C E C O R P O R A T I O N
Medium Term Notes
Due from 9 months to 15 years from Date of Issue
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Principal Amount: $15,000,000
Stated Maturity: SEE SPECIAL PROVISIONS
Maximum Rate: Not Applicable
Minimum Rate: 0.00%
Redeemable On or After: SEE SPECIAL PROVISIONS
Initial Interest Rate: 6.10625%
Interest Rate Basis: SEE SPECIAL PROVISIONS
Spread or Spread Multiplier: SEE SPECIAL PROVISIONS
Interest Payment Dates: On the 21st day of each month, commencing
January 21, 1994.
Record Dates: The date fifteen (15) calendar days (whether or not
a Business Day) prior to each Interest Payment Date or the
Stated Maturity, as the case may be.
Index Maturity: Thirty days.
Interest Determination Date and Interest Reset Date: On the second
Business Day prior to each Interest Payment Date.
Reference Rate: SEE SPECIAL PROVISIONS
Calculation Agent: Morgan Stanley & Co. Incorporated.
Agent's Discount or Commission: .30%
Business Day Reference City: New York, New York
SPECIAL PROVISIONS
The Notes shall have a Stated Maturity of not earlier than
January 21, 1996 (minimum) and not later than January 21, 1999
(maximum). The actual maturity date may be any Interest Payment
Date from January 21, 1996 (inclusive) to January 21, 1999
(inclusive). Principal will be repaid on Interest Payment Dates at
a rate based upon the realized payment speed of the FNMA's 30-year
fixed rate mortgages bearing a 7.00% coupon which were pooled in
1992 (the "Reference Pool"). The principal amount of the Notes
repaid on each Interest Payment Date, up to the remaining
outstanding principal balance, will be computed by multiplying the
applicable Monthly Amortization Rate ("MAR") (as shown in the table
below) by the remaining principal balance of the Notes. Any
principal outstanding as of January 21, 1999 shall be repaid on
that date. In addition, if as a result of principal amortization
on any Interest Payment Date, less than $1,500,000 in principal
will remain outstanding, all remaining principal will be repaid on
that date.
Reference Pool PSA MAR
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500 and above 8.825%
400 5.974%
300 2.814%
100 2.814%
75 1.001%
50 and below 0.0%
*MAR's for Reference Pool PSA's not listed above will be
calculated by linear interpolation.
For purposes of the table shown above, "Reference Pool PSA"
shall mean the weighted average of the individual monthly
prepayment rates calculated on each pool constituting the
Reference Pool stated in terms of the Public Securities
Association ("PSA") model. The calculation shall be made in
conformity with PSA Guidelines and Uniform Practices.
For purposes of this Pricing Supplement, the Interest Rate
payable each month shall be calculated on the basis of a 360 day
year of twelve 30 day months in accordance with the following
formula:
9.40% - (the product of a) LIBOR Telerate and b) the
number of calendar days elapsed in the period, divided
by 30).
U:\LAW\TR\MTN\SUP4.WP
