<PAGE> 1
PRICING SUPPLEMENT NO. 9, DATED AUGUST 11, 1994 RULE 424(B)(3)
FILE NO. 33-50547
(TO PROSPECTUS DATED OCTOBER 22, 1993 AND
PROSPECTUS SUPPLEMENT DATED NOVEMBER 12, 1993)
AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES E
(FLOATING RATE)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Trade Date: August 11, 1994 Initial Interest Rate: Determined as if the Original
Original Issue Date: August 19, 1994 Issue Date were an Interest Reset Date
Principal Amount: $50,000,000 Base Rate: / / CD Rate / / Commercial Paper Rate
/ / Federal Funds Rate
Issue Price: See below / / LIBOR-Reuters / / LIBOR-Telerate
Maturity Date: August 21, 1995 /X/ Treasury Rate / / Other (see attached)
Form: /X/ Book-Entry / / Certificated
Interest Reset Period:
/ / Daily /X/ Weekly / / Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: Tuesday (including the Tuesday
immediately prior to maturity)
Interest Payment Period: Quarterly
Interest Payment Dates: November 19, 1994, February 19,
May 19 and August 21, 1995.
Index Maturity: Three Months
Spread (+/-): +15 basis points
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
</TABLE>
- --------------------------------------------------------------------------------
Redemption:
/X/ The Notes cannot be redeemed prior to maturity
/ / The Notes may be redeemed prior to maturity
<TABLE>
<CAPTION>
REDEMPTION REDEMPTION
DATE(S) PRICE(S)
---------- ----------
<S> <C> <C>
</TABLE>
Repayment:
/X/ The Notes cannot be repaid prior to maturity
/ / The Notes can be repaid prior to maturity at the option of the holder of
the Note
<TABLE>
<CAPTION>
REPAYMENT REPAYMENT
DATE(S) PRICE(S)
--------- ---------
<S> <C> <C>
</TABLE>
Original Issue Discount Note: / / Yes /X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
- --------------------------------------------------------------------------------
Agent: / / Merrill Lynch & Co.
/ / Morgan Stanley & Co. Incorporated
/ / Salomon Brothers Inc
/X/ Other: J.P. Morgan Securities Inc.
Agent acting in the capacity as indicated below:
/ / Agent /X/ Principal
If as principal:
/X/ The Notes are being offered at varying prices related to
prevailing market prices at the time of resale. J.P. Morgan
Securities Inc. purchased the Notes at 100% of principal amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
In the ordinary course of their respective businesses, affiliates of J.P. Morgan
Securities Inc. have engaged, and may in the future engage, in commercial
banking transactions with the Company.
Other Provisions: Morgan Guaranty Trust Company of New York, London Branch,
will be the Calculation Agent with respect to the Notes.
- --------------------------------------------------------------------------------
