Pricing Supplement Dated October 19, 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: $50,000,000 Trade date: October 19, 1994
Currency or Currency Unit: U.S. Dollars Original Issue Date: October 26, 1994
Issue Price: 100.00% Agent's Discount or Commission: 0.00%
Net Proceeds to Issuer: $50,000,000 Agent (s): Goldman, Sachs & Co.
Maturity Date: October 26, 1995 Other Terms: None
CUSIP Number: 69332H CD 6
</TABLE>
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
Interest Payment Dates: April 26, 1995, and October 26, 1995 (using the
following business day convention)
Index Maturity: 6 month
Spread: minus 0.01%
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
