<PAGE> 1
PRICING SUPPLEMENT NO. 6, DATED JUNE 22, 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: June 22, 1994 Initial Interest Rate: Determined as if the Original
Original Issue Date: June 29, 1994 Issue
Principal Amount: $50,000,000 Date Date were an Interest Reset
Issue Price: See below Base Rate: / / CD Rate / / Commercial Paper Rate
Maturity Date: June 29, 1995 /X/ Federal Funds Rate
Form: /X/ Book-Entry / / Certificated / / LIBOR-Reuters / / LIBOR-Telerate
attached) / / Treasury Rate / / Other (see
Interest Reset Period:
/X/ Daily / / Weekly / / Monthly
/ / Quarterly / / Semi-Annually
/ / Other
Interest Reset Dates: See Attachment
Interest Payment Period: Quarterly
Interest Payment Dates: Sept. 29 and Dec. 29, 1994,
Index Maturity: N/A Mar. 29 and June 29, 1995
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: /X/ Merrill Lynch & Co.
/ / Morgan Stanley & Co. Incorporated
/ / Salomon Brothers Inc
/ / Other:
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. Merrill Lynch &
Co. purchased the Notes at 99.96% of principal amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
Other: See Attachment
- --------------------------------------------------------------------------------
<PAGE> 2
ATTACHMENT TO AVCO FINANCIAL SERVICES, INC.
MEDIUM TERM NOTES, SERIES E, PRICING SUPPLEMENT NO. 6
For the purposes of the Notes (1) Interest payments on each Interest
Payment Date will include accrued interest from and including the Issue Date or
from and including the last date in respect of which interest has been paid, as
the case may be, to, but excluding, such Interest Payment Date; (2) the Interest
Reset Dates will be each Business Day, to, but excluding the Maturity Date; and
(3) the Interest Determination Date pertaining to an Interest Reset Date will be
the Business Day next preceding such Interest Reset Date.
<PAGE> 3
PRICING SUPPLEMENT NO. 7, DATED JUNE 22, 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: June 22, 1994 Initial Interest Rate: Treasury Rate on June 28,
Original Issue Date: June 29, 1994 1994 + 15
Principal Amount: $50,000,000 basis points
Base Rate: / / CD Rate / / Commercial Paper Rate
Issue Price: See below / / Federal Funds Rate
Maturity Date: June 29, 1995 / / LIBOR-Reuters / / LIBOR-Telerate
Form: /X/ Book-Entry / / Certificated attached) /X/ Treasury Rate / / Other (see
Interest Reset Period:
/ / Daily /X/ Weekly / / Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: See Attachment
Interest Payment Period: Quarterly
Interest Payment Dates: Sept. 29, 1994, Dec. 29,
1994,
Index Maturity: Three Months
March 29, 1995 & June 29, 1995.
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.
/X/ Morgan Stanley & Co. Incorporated
/ / Salomon Brothers Inc
/ / Other: Lehman Brothers 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. Morgan Stanley &
Co. purchased the Notes at 100% of principal amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
Other: See Attachment
- --------------------------------------------------------------------------------
<PAGE> 4
ATTACHMENT TO AVCO FINANCIAL SERVICES, INC.
MEDIUM TERM NOTES, SERIES E, PRICING SUPPLEMENT NO. 7
For the purposes of the Notes (1) Interest payments on each Interest
Payment Date will include accrued interest from and including the Issue Date or
from and including the last date in respect of which interest has been paid, as
the case may be, to, but excluding, such Interest Payment Date; and (2) the
Interest Reset Dates will be Tuesday of each week, to, and including the week
prior to the Maturity Date.
<PAGE> 5
PRICING SUPPLEMENT NO. 8, DATED JUNE 22, 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: June 22, 1994 Initial Interest Rate: Commercial Paper Rate on June
Original Issue Date: June 29, 1994 27, 1994
Principal Amount: $50,000,000 Base Rate: / / CD Rate /X/ Commercial Paper Rate
/ / Federal Funds Rate
Issue Price: See below / / LIBOR-Reuters / / LIBOR-Telerate
Maturity Date: June 29, 1999 / / Treasury Rate / / Other (see attached)
Form: /X/ Book-Entry / / Certificated
Interest Reset Period:
/ / Daily / / Weekly /X/ Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: The 29th of each month, except for
Feb., 1995 which shall be March 1,
1995.
Interest Payment Period: Monthly
Interest Payment Dates: The 29th of each month, beginning
July 29, 1994 until June 29, 1995,
except for Feb., 1995 which shall be
March 1, 1995.
Index Maturity: One Month
Spread (+/-): N/A
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
/X/ Salomon Brothers Inc
/ / Other:
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. Salomon Brothers
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.
- --------------------------------------------------------------------------------
