Pricing Supplement Dated February 2, 1995 Rule 424 (b) (3)
File No. 33-52669
(To Prospectus dated June 23, 1994 and
Prospectus Supplement dated June 23, 1994)
PHH CORPORATION
Medium-Term Notes
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<S> <C> <C> <C>
Principal Amount: $50,000,000 Trade date: February 2, 1995
Currency or Currency Unit: U.S. Dollars Original Issue Date: February 9, 1995
Issue Price: * Agent's Discount or Commission: *
Net Proceeds to Issuer: $49,995,000 Agent (s): Goldman, Sachs & Co.
Maturity Date: February 9, 1996 Other Terms: None
CUSIP Number: 69332H CJ 3
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(*) The Agent proposes to offer the Notes from time to time for resale
in negotiated transactions or otherwise, at market prices prevailing at
the time of resale, at prices related to such prevailing market prices
or at negotiated prices. The Agent may be deemed to be an underwriter
and any profit on resale of the Notes may be deemed to be underwriting
discounts or commissions.
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<S> <C> <C> <C> <C>
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
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Initial Interest Rate: To be set on February 7, 1995
Interest Reset Dates: Tuesday of each week from the Fed H-15
Rate Determination Date: Each USD Government auction held Monday,
or Tuesday if Monday is a holiday
Interest Payment Dates: May 9, 1995, August 9, 1995, November 9, 1995
and February 9, 1996
Index Maturity: 3 month (91 day)
Spread: plus 0.195%
Basis: Actual/Actual
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
