Pricing Supplement Dated October 21, 1994 Rule 424 (b) (3)
File No. 33-52669
(To Prospectus dated June 23, 1994 and
Prospectus Supplement dated June 23, 1994)
<TABLE>
PHH CORPORATION
Medium-Term Notes
<S> <C> <C> <C>
Principal Amount: $100,000,000 Trade date: October 21, 1994
Currency or Currency Unit: U.S. Dollars Original Issue Date: October 28, 1994
Issue Price: 100.00% Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: $100,000,000 Agent (s): Goldman, Sachs & Co.
Maturity Date: October 30, 1995 Other Terms: None
CUSIP Number: 69332H CE 4
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Interest:
Fixed Rate:
Floating Rate:
Base Rate: [ ] Commercial Paper [ ] CD Rate [ ] Federal Funds Effective Rate
[ ] LIBOR [X] Treasury Rate [ ] Prime Rate [ ] Other
( ) Reuters (see attached)
( ) Telerate
Initial Interest Rate: To be set on October 25, 1994
Interest Reset Dates: Tuesday of each week or next Business Day from the Fed
H.15. Unweighted Average
Interest Payment Dates: April 28, 1995, and October 30, 1995
(using the modified following business day convention)
Index Maturity: 6 month
Spread: minus 0.03%
Basis: Actual/365
Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
Redemption:
[X] The Notes cannot be redeemed prior to maturity, except as set forth in
the Prospectus
[ ] The Notes may be redeemed prior to maturity
Initial Redemption Date:
Initial Redemption Price: %
Annual Redemption Price Reduction: % until Redemption Price is 100%
of the principal amount
Repayment:
[X] The Notes cannot be repaid prior to maturity, except as set forth in the
Prospectus
[ ] The Notes can be repaid prior to maturity at the option of the holder on
the Notes
Repayment Date:
Repayment Price: %
Discount Note: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Global [ ] Certificated
