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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 30, 1995
PSSFC Equipment Lease Trust 1995-1
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
New York 33-84918 Application Pending.
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(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
c/o Prudential Securities Secured Financing
Corporation
Attention: Norman Chaleff
One New York Plaza, 18th Floor 10292
New York, New York --------------------
------------------------------------------- (Zip Code)
(Address of Principal Executive Offices)
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Registrant's telephone number, including area code (212) 778-1000
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No Change
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(Former name or former address, if changed since last report)
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Item 5. Other Events
In connection with the offering of Lease Backed Certificates, Class A,
of which Prudential Securities Secured Financing Corporation is the issuer as
described in a Prospectus Supplement dated as of November 29, 1995, to the
Prospectus dated December 2, 1994, certain computational materials, including
price/yield tables, Class A Certificate cashflows and related assumptions were
furnished to certain prospective investors (the "Computational Materials").
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
99.1 Computational Materials (as defined in Item 5 above).
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EXHIBIT INDEX
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Exhibit No. Description Page No.
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99.1 Computational Materials (as defined in Item 5 hereof).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
PSSFC EQUIPMENT LEASE TRUST 1995-1,
By: Prudential Securities Secured
Financing Corporation, as Depositor
By:/s/ Norman Chaleff
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Name: Norman Chaleff
Title: Vice President
Dated: November 21, 1995
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EXHIBIT 99.1
Equipment Lease-Backed Class A Certificates
$21,494,000
(Approximate, based on preliminary discount rate)
Prudential Securities Secured Financing Corporation
Lease Backed Trust 1995-1
Phoenix Leasing Incorporated
Originator/Servicer
- Class A Certificate Cash Flows (No Losses)
- Price/Yield Table
The information contained herein is neither an offer to sell nor a solicitation
to buy any securities. Moreover, since the information is based upon a
preliminary discount rate, the information is likely to change at final
pricing. Any formal offer or solicitation will be made by a prospectus (or
offering memorandum) to be accompanied by a written confirmation.
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FINANCIAL STRATEGIES 11/21/95 2:17 PM BOND 1 Page 1 PRUDENTIAL SECURITIES
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GROUP phoenix, SERIES X INCORPORATED
0.00% CPR PREPAYMENT
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FACE AMOUNT: $21,494,000.00 YIELD: 0.000 TOTAL INTEREST $3,766,080.44 MATURITY (IN YEARS): 6.42
PROCEEDS: $0.00 PRICE: 0.000 TOTAL PRINCIPAL $21,494,000.00 AVG LIFE (IN YEARS): 2.63
TOTAL ACCRUAL $0.00 DURATION (IN YEARS): 0.00
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PRINCIPAL INTEREST PRINCIPAL |
DATE COUPON BALANCE PAYMENT PAYMENT |
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<S> <C> <C> <C> <C>
12/95 6.625 21,494,000.00 118,664.79 0.00 |
01/96 6.625 21,494,000.00 118,664.79 0.00 |
02/96 6.625 21,494,000.00 118,664.79 0.00 |
03/96 6.625 21,494,000.00 118,664.79 0.00 |
04/96 6.625 21,494,000.00 118,664.79 0.00 |
05/96 6.625 21,494,000.00 118,664.79 0.00 |
06/96 6.625 21,494,000.00 118,664.79 0.00 |
07/96 6.625 21,494,000.00 118,664.79 0.00 |
08/96 6.625 21,494,000.00 118,664.79 0.00 |
09/96 6.625 21,494,000.00 118,664.79 0.00 |
10/96 6.625 21,494,000.00 118,664.79 0.00 |
11/96 6.625 21,494,000.00 118,664.79 0.00 |
|
12/96 6.625 20,922,424.29 118,664.79 571,575.72 ||
01/97 6.625 20,346,808.01 115,509.22 575,616.27 ||
02/97 6.625 19,767,125.57 112,331.34 579,682.45 ||
03/97 6.625 19,183,347.81 109,131.01 583,777.75 ||
04/97 6.625 18,595,445.41 105,908.07 587,902.41 ||
05/97 6.625 18,003,404.34 102,662.35 592,041.07 ||
06/97 6.625 17,407,202.70 99,393.79 596,201.64 ||
07/97 6.625 16,795,092.08 96,102.26 612,110.62 ||
08/97 6.625 16,200,527.39 92,722.90 594,564.69 ||
09/97 6.625 15,601,979.20 89,440.41 598,548.19 ||
10/97 6.625 14,999,424.79 86,135.93 602,554.41 ||
11/97 6.625 14,392,841.30 82,809.32 606,583.49 ||
||
12/97 6.625 13,782,205.51 79,460.48 610,635.78 ||
01/98 6.625 13,167,494.97 76,089.26 614,710.54 ||
02/98 6.625 12,548,766.43 72,695.55 618,728.54 ||
03/98 6.625 11,927,716.22 69,279.65 621,050.21 ||
04/98 6.625 11,284,328.81 65,850.93 643,387.40 ||
05/98 6.625 10,592,347.15 62,298.90 691,981.66 ||
06/98 6.625 9,944,861.99 58,478.58 647,485.16 ||
07/98 6.625 9,338,102.36 54,903.93 606,759.63 ||
08/98 6.625 8,705,315.46 51,554.11 632,786.90 ||
09/98 6.625 8,112,547.01 48,060.60 592,768.45 ||
10/98 6.625 7,547,273.31 44,788.02 565,273.70 ||
11/98 6.625 6,919,434.94 41,667.24 627,838.37 ||
||
12/98 6.625 6,486,062.38 38,201.05 433,372.57 ||
01/99 6.625 6,067,189.55 35,808.47 418,872.83 ||
02/99 6.625 5,667,010.68 33,495.94 400,178.87 ||
03/99 6.625 5,260,995.87 31,286.62 406,014.81 ||
04/99 6.625 4,832,368.08 29,045.08 428,627.79 ||
05/99 6.625 4,441,894.30 26,678.70 390,473.79 ||
06/99 6.625 4,032,270.12 24,522.96 409,624.18 ||
07/99 6.625 3,708,070.97 22,261.49 324,199.15 ||
08/99 6.625 3,370,171.40 20,471.64 337,899.57 ||
09/99 6.625 3,094,038.41 18,606.15 276,132.99 ||
10/99 6.625 2,820,257.44 17,081.67 273,780.96 ||
11/99 6.625 2,543,352.36 15,570.17 276,905.08 ||
||
12/99 6.625 2,305,676.63 14,041.42 237,675.73 ||
01/00 6.625 2,069,691.20 12,729.26 235,985.43 ||
02/00 6.625 1,835,149.67 11,426.42 234,541.53 ||
03/00 6.625 1,601,697.34 10,131.56 233,452.32 ||
04/00 6.625 1,369,634.35 8,842.70 232,062.99 ||
05/00 6.625 1,144,218.82 7,561.52 225,415.53 ||
06/00 6.625 920,796.24 6,317.04 223,422.59 ||
07/00 6.625 747,098.34 5,083.56 173,697.90 ||
08/00 6.625 578,788.16 4,124.61 168,310.18 ||
09/00 6.625 441,143.73 3,195.39 137,644.43 ||
10/00 6.625 332,900.36 2,435.48 108,243.37 ||
11/00 6.625 231,929.01 1,837.89 100,971.35 ||
||
12/00 6.625 191,417.26 1,280.44 40,511.75 ||
01/01 6.625 154,622.52 1,056.78 36,794.74 ||
02/01 6.625 121,331.20 853.65 33,291.32 ||
03/01 6.625 91,668.54 669.85 29,662.65 ||
04/01 6.625 67,333.35 506.09 24,335.19 ||
05/01 6.625 47,638.55 371.74 19,694.79 ||
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PRINCIPAL INTEREST PRINCIPAL
DATE COUPON BALANCE PAYMENT PAYMENT
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<S> <C> <C> <C> <C>
06/01 6.625 31,910.98 263.00 15,727.58
07/01 6.625 20,272.06 176.18 11,638.91
08/01 6.625 11,596.86 111.92 8,675.20
09/01 6.625 5,879.10 64.02 5,717.76
10/01 6.625 2,457.00 32.46 3,422.11
11/01 6.625 661.78 13.56 1,795.22
12/01 6.625 413.70 3.65 248.07
01/02 6.625 226.97 2.28 186.73
02/02 6.625 94.54 1.25 132.44
03/02 6.625 18.24 0.52 76.29
04/02 6.625 0.00 0.10 18.24
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FINANCIAL STRATEGIES GROUP PRUDENTIAL SECURITIES INCORPORATED
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<S> <C> <C> <C> <C> <C>
CURRENT BALANCE: $21,494,000.00 DATED DATE: 11/25/95 11/21/95 2:15 PM
COUPON: 6.625% phoenix FIRST PAYMENT: 12/25/95
FACTOR: 1.0000000000 TOTAL CLASSES: 3
ORIGINAL BALANCE: $21,494,000.00 BOND #1 PRICE-YIELD TABLE YIELD TABLE DATE: 11/30/95
PREPAYMENT SPEED
PRICING SPEED
0.0% 2.00% 4.00% 6.00% 8.00% 10.00% ORIGINAL
PRICE CPR CPR CPR CPR CPR CPR CLASS SUMMARY
99-24 6.825 6.826 6.828 6.829 6.830 6.832 BOND #1
99-24+ 6.818 6.820 6.821 6.822 6.823 6.824
99-25 6.812 6.813 6.814 6.815 6.816 6.817 $21,494,000.00
99-25+ 6.805 6.806 6.807 6.808 6.809 6.810
99-26 6.798 6.799 6.800 6.801 6.802 6.803
99-26+ 6.791 6.792 6.793 6.794 6.795 6.796
99-27 6.785 6.785 6.786 6.787 6.788 6.789
99-27+ 6.778 6.779 6.779 6.780 6.781 6.781
99-28 6.771 6.772 6.772 6.773 6.774 6.774
99-28+ 6.764 6.765 6.765 6.766 6.766 6.767
99-29 6.758 6.758 6.758 6.759 6.759 6.760
99-29+ 6.751 6.751 6.752 6.752 6.752 6.753
99-30 6.744 6.744 6.745 6.745 6.745 6.746
99-30+ 6.737 6.738 6.738 6.738 6.738 6.738
99-31 6.731 6.731 6.731 6.731 6.731 6.731
99-31+ 6.724 6.724 6.724 6.724 6.724 6.724
100-00 6.717 6.717 6.717 6.717 6.717 6.717
100-00+ 6.710 6.710 6.710 6.710 6.710 6.710
100-01 6.704 6.703 6.703 6.703 6.703 6.703
100-01+ 6.697 6.697 6.696 6.696 6.696 6.696
100-02 6.690 6.690 6.689 6.689 6.689 6.688
100-02+ 6.683 6.683 6.683 6.682 6.682 6.681
100-03 6.677 6.676 6.676 6.675 6.675 6.674
100-03+ 6.670 6.669 6.669 6.668 6.668 6.667
100-04 6.663 6.662 6.662 6.661 6.661 6.660
100-04+ 6.656 6.656 6.655 6.654 6.654 6.653
100-05 6.650 6.649 6.648 6.647 6.646 6.646
100-05+ 6.643 6.642 6.641 6.640 6.639 6.639
100-06 6.636 6.635 6.634 6.633 6.632 6.631
100-06+ 6.629 6.628 6.627 6.626 6.625 6.624
100-07 6.623 6.622 6.621 6.619 6.618 6.617
100-07+ 6.616 6.615 6.614 6.612 6.611 6.610
First Call 1.069 1.069 1.069 1.069 1.069 1.069
Average Life 2.631 2.599 2.567 2.536 2.505 2.474
Last Payment 6.403 6.403 6.403 6.403 6.403 6.403
Mac.Dur. @ 100-00 2.390 2.363 2.337 2.311 2.285 2.259
Accrued Interest 0.092 0.092 0.092 0.092 0.092 0.092
The preliminary pricing information contained herein is neither an offer to sell nor a solicitation to buy any securities.
Moreover, there is no assurance that such information will not change prior to final pricing. Any formal offer or solicitation
will be made by a prospectus (or offering memorandum) to be accompanied or followed by a written confirmation.
BOND A Rated CLASS
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