<PAGE> 1
PRICING SUPPLEMENT NO. 9, DATED JUNE 26, 1995 RULE 424(B)(3)
FILE NO. 33-50547
(TO PROSPECTUS DATED OCTOBER 22, 1993 AND
PROSPECTUS SUPPLEMENT DATED OCTOBER 12, 1994)
AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES F
(FLOATING RATE)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Trade Date: June 26, 1995 Initial Interest Rate: Prime Rate on June 27, 1995
Original Issue Date: June 29, 1995 Base Rate: / / CD Rate / / Commercial Paper Rate
Principal Amount: $50,000,000 / / Federal Funds Rate
/ / LIBOR-Reuters / / LIBOR-Telerate
Issue Price: See Below / / Treasury Rate /X/ Other (see attached)
Maturity Date: June 28, 1996
Form: /X/ Book-Entry / / Certificated Interest Reset Period: /X/ Daily / / Weekly / / Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: Each Business Day
Interest Payment Period: Quarterly
Interest Payment Dates: September 28 and December 28, 1995 and
March 28 and June 28, 1996
Index Maturity: N/A
Spread (+/-): -- 282 basis points
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
Redemption: Repayment:
/X/ The Notes cannot be redeemed prior to maturity /X/ The Notes cannot be repaid prior to maturity
/ / The Notes may be redeemed prior to maturity / / The Notes can be repaid prior to maturity at the option of
the holder of the Note
REDEMPTION REDEMPTION REPAYMENT REPAYMENT
DATE(S) PRICE(S) DATE(S) PRICE(S)
- ---------------------------------------------- ----------------------------------------------
<S> <C> <C> <C> <C> <C>
</TABLE>
Original Issue Discount Note: / / Yes /X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
- --------------------------------------------------------------------------------
Agent: / / Morgan Stanley & Co. Incorporated
/X/ Merrill Lynch & Co.
/ / 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 99.98% of principal amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
- --------------------------------------------------------------------------------
Other Provisions: See Attachment hereto.
<PAGE> 2
ATTACHMENT TO AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES F, PRICING SUPPLEMENT NO. 9
THE PRIME RATE NOTES
For purposes of the Prime Rate Notes, the following terms shall apply:
(1) The interest factor (expressed as a decimal) for each day will be
computed by dividing the interest rate applicable to such day by 360.
(2) Interest payments on each Prime Rate Note shall include the amount of
interest accrued from and including the Original Issue Date, or from and
including the last date in respect of which interest has been paid, to but
excluding the applicable Interest Payment Date or Maturity Date, as the case
may be.
(3) The Base Rate shall be the Prime Rate. "Prime Rate" means, with respect
to any Interest Determination Date, the rate set forth in H.15 (519) for such
date opposite the caption "Bank Prime Loan." If such rate is not yet published
by 9:00 A.M., New York City time, on the Calculation Date pertaining to such
Interest Determination Date, the Prime Rate for such Interest Determination Date
will be the arithmetic mean of the rates of interest publicly announced by each
bank named on the Reuters Screen NYMF Page (as defined below) as such bank's
prime rate or base lending rate as in effect for such Interest Determination
Date as quoted on the Reuters Screen NYMF Page on such Interest Determination
Date, or, if fewer than four such rates appear on the Reuters Screen NYMF Page
for such Interest Determination Date, the rate shall be the arithmetic mean of
the prime rates quoted on the basis of the actual number of days in the year
divided by 360 as of the close of business on such Interest Determination Date
by at least two of the three major money center banks in The City of New York
selected by the Calculation Agent from which quotations are requested. If fewer
than two quotations are provided, the Prime Rate shall be calculated by the
Calculation Agent and shall be determined as the arithmetic mean on the basis of
the prime rates in The City of New York by the appropriate number of substitute
banks or trust companies organized and doing business under the laws of the
United States, or any State thereof, in each case having total equity capital of
at least U.S. $500 million and being subject to supervision or examination by
federal or state authority, selected by the Calculation Agent to quote such rate
or rates; provided, however, that if the banks or trust companies selected as
aforesaid by the Calculation Agent are not quoting as set forth above, the
"Prime Rate" in effect for the applicable period will be the same as the Prime
Rate for the immediately preceding Interest Reset Period (or, if there was no
such Interest Reset Period, the rate of interest payable on the Prime Rate Notes
for which such Prime Rate is being determined shall be the Initial Interest
Rate). "Reuters Screen NYMF Page" means the display designated as Page "NYMF" on
the Reuters Monitor Money Rates Services (or such other page as may replace the
NYMF Page on that service for the purpose of displaying prime rates or base
lending rates of major United States banks).
<PAGE> 3
PRICING SUPPLEMENT NO. 10, DATED JUNE 26, 1995 RULE 424(B)(3)
FILE NO. 33-50547
(TO PROSPECTUS DATED OCTOBER 22, 1993 AND
PROSPECTUS SUPPLEMENT DATED OCTOBER 12, 1994)
AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES F
(FLOATING RATE)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
Trade Date: June 26, 1995 Initial Interest Rate: Prime Rate on June 27, 1995
Original Issue Date: June 29, 1995 Base Rate: / / CD Rate / / Commercial Paper Rate
Principal Amount: $50,000,000 / / Federal Funds Rate
/ / LIBOR-Reuters / / LIBOR-Telerate
Issue Price: See Below / / Treasury Rate /X/ Other (see attached)
Maturity Date: June 28, 1996
Form: /X/ Book-Entry / / Certificated Interest Reset Period: /X/ Daily / / Weekly / / Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: Each Business Day
Interest Payment Period: Quarterly
Interest Payment Dates: September 28 and December 28, 1995 and
March 28 and June 28, 1996
Index Maturity: N/A
Spread (+/-): -- 280 basis points
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
Redemption: Repayment:
/X/ The Notes cannot be redeemed prior to maturity /X/ The Notes cannot be repaid prior to maturity
/ / The Notes may be redeemed prior to maturity / / The Notes can be repaid prior to maturity at the option of
the holder of the Note
REDEMPTION REDEMPTION REPAYMENT REPAYMENT
DATE(S) PRICE(S) DATE(S) PRICE(S)
- ---------------------------------------------- ----------------------------------------------
<S> <C> <C> <C> <C> <C>
</TABLE>
Original Issue Discount Note: / / Yes /X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
- --------------------------------------------------------------------------------
Agent: / / Morgan Stanley & Co. Incorporated
/ / Merrill Lynch & Co.
/ / Salomon Brothers Inc
/X/ Other: Chase 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. Chase
Securities, Inc. purchased the Notes at 99.99% of principal
amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
- --------------------------------------------------------------------------------
Other Provisions: See Attachment hereto.
<PAGE> 4
ATTACHMENT TO AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES F, PRICING SUPPLEMENT NO. 10
THE PRIME RATE NOTES
For purposes of the Prime Rate Notes, the following terms shall apply:
(1) The interest factor (expressed as a decimal) for each day will be
computed by dividing the interest rate applicable to such day by 360.
(2) Interest payments on each Prime Rate Note shall include the amount of
interest accrued from and including the Original Issue Date, or from and
including the last date in respect of which interest has been paid, to but
excluding the applicable Interest Payment Date or Maturity Date, as the case
may be.
(3) The Base Rate shall be the Prime Rate. "Prime Rate" means, with respect
to any Interest Determination Date, the rate set forth in H.15 (519) for such
date opposite the caption "Bank Prime Loan." If such rate is not yet published
by 9:00 A.M., New York City time, on the Calculation Date pertaining to such
Interest Determination Date, the Prime Rate for such Interest Determination Date
will be the arithmetic mean of the rates of interest publicly announced by each
bank named on the Reuters Screen NYMF Page (as defined below) as such bank's
prime rate or base lending rate as in effect for such Interest Determination
Date as quoted on the Reuters Screen NYMF Page on such Interest Determination
Date, or, if fewer than four such rates appear on the Reuters Screen NYMF Page
for such Interest Determination Date, the rate shall be the arithmetic mean of
the prime rates quoted on the basis of the actual number of days in the year
divided by 360 as of the close of business on such Interest Determination Date
by at least two of the three major money center banks in The City of New York
selected by the Calculation Agent from which quotations are requested. If fewer
than two quotations are provided, the Prime Rate shall be calculated by the
Calculation Agent and shall be determined as the arithmetic mean on the basis of
the prime rates in The City of New York by the appropriate number of substitute
banks or trust companies organized and doing business under the laws of the
United States, or any State thereof, in each case having total equity capital of
at least U.S. $500 million and being subject to supervision or examination by
federal or state authority, selected by the Calculation Agent to quote such rate
or rates; provided, however, that if the banks or trust companies selected as
aforesaid by the Calculation Agent are not quoting as set forth above, the
"Prime Rate" in effect for the applicable period will be the same as the Prime
Rate for the immediately preceding Interest Reset Period (or, if there was no
such Interest Reset Period, the rate of interest payable on the Prime Rate Notes
for which such Prime Rate is being determined shall be the Initial Interest
Rate). "Reuters Screen NYMF Page" means the display designated as Page "NYMF" on
the Reuters Monitor Money Rates Services (or such other page as may replace the
NYMF Page on that service for the purpose of displaying prime rates or base
lending rates of major United States banks).
