===============================================================================
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) June 19, 2000
----------------------
Prudential Securities Secured Financing Corporation
-------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware
-------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
333-52021 13-3526694
--------------------------------- -------------------------------------
(Commission File Number) (I.R.S. Employer Identification No.)
One New York Plaza, New York, New York 10292
-------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(212) 778-1000
-------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
-------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
===============================================================================
-1-
<PAGE>
Item 5. Other Events.
In June 2000, the Registrant will cause the issuance and
sale of approximately $244,520,000 initial principal amount of various
classes of Asset-Backed Notes, Series 2000-1 (the "Notes") pursuant to an
Indenture to be dated as of June 30, 2000, among PeopleFirst.com Auto
Receivables Owner Trust 2000-1, as Issuer, and Norwest Bank Minnesota,
National Association, as Indenture Trustee. In connection with the sale of
the Notes to the public, the Registrant has been advised by Prudential
Securities Incorporated and Barclays Capital (together, the
"Underwriters"), that the Underwriters have furnished to prospective
investors certain combined ABS and Collateral Term Sheets and certain
Computational Materials (the "Series Term Sheets and Computational
Materials") following the effective date of Registration Statement No.
333-52021 but prior to the availability of a final Prospectus relating to
the Notes. The Series Term Sheets and Computational Materials are being
filed as an exhibit to this report.
The Series Term Sheets and Computational Materials
attached hereto have been provided by the Underwriters. The information in
the Series Term Sheets and Computational Materials is preliminary and may
be superseded by the Prospectus Supplement relating to the Notes and by any
other information subsequently filed with the Securities and Exchange
Commission.
-2-
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.
(a) Financial Statements of Business Acquired
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Exhibits.
99.1 Series Term Sheets and Computational Materials
prepared by the Underwriters in connection with the
sale of the Notes of the Registrant.
-3-
<PAGE>
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.
PRUDENTIAL SECURITIES SECURED FINANCING
CORPORATION
(Registrant)
Dated: June 19, 2000 By: /s/ Evan J. Mitnick
---------------------------
Name: Evan J. Mitnick
Title: Vice President - Asset-Backed
Finance Group
-4-
<PAGE>
INDEX TO EXHIBITS
Exhibit
No. Document Description
------- --------------------
99.1 Series Term Sheets and Computational Materials prepared by the
Underwriters in connection with the sale of the Notes of the
Registrant.
-5-
