Pricing Supplement No. 5 Dated April 20, 1995,
to Prospectus Dated November 9, 1994
as Supplemented by Prospectus Supplement Dated
March 22, 1995
ASSOCIATES CORPORATION OF NORTH AMERICA
MEDIUM TERM SENIOR NOTES, SERIES H
$20,000,000 principal amount of the Series H Notes, bearing interest at 7.625%
per annum and maturing on April 27, 2005, are offered by the Company through
Lehman Brothers, which, as agent for the Company, has agreed to use its best
efforts to solicit purchasers of the Notes.
The Notes to which this Pricing Supplement relates will be Fixed Rate Notes
and will be initially issued as Book Entry Notes for settlement on April 27,
1995.
Prior to this Pricing Supplement, $31,025,000 aggregate principal amount of
the Series H Notes offered pursuant to the Prospectus Supplement dated March
22, 1995 to the Prospectus dated November 9, 1994 has been sold at the
interest rates then in effect.
Recent Developments
On April 19, 1995, the Company announced unaudited results for the three
months ended March 31, 1995. Such results, compared to the unaudited results
of operations for the similar period of the prior fiscal year, were as
follows: Revenue - $ 1.3 billion (1995), $1.0 billion (1994); Earnings before
Provision for Income Taxes - $259.6 million (1995), $224.7 million (1994);
and Net Earnings - $ 166.0 million (1995), $140.5 million (1994).