PRICING SUPPLEMENT NO. 96-17 Dated December 5, 1996 Rule 424(b)(2)
To Prospectus Supplement Dated August 22, 1996 File No. 33-64357
BENEFICIAL CORPORATION
Medium-Term Notes, Series H
(Book Entry Notes)
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, purchased $50,000,000 principal amount of these Medium-
Term Notes, Series H, maturing on July 9, 1999, at a principal price
of $50,000,000.00 for resale to investors from time to time at prices
based on market conditions at the time of resale.
Floating Rate Notes Due 9 Months or More from Date of Issue
Maturity Date: July 9, 1999 Interest Payment Period:
Quarterly, except that the
Interest Rate Basis: final Interest Payment Period
LIBOR shall be 1-month.
Specify Other Base Rate: N/A Interest Reset Period:
Quarterly, except that the
Index Maturity: 3-month final Interest Reset Period
Special Provisions) shall be 1-month.
Spread: plus 0.05% Interest Reset Dates:
Same as Interest Payment Dates
Spread Multiplier: N/A
Settlement Date (Issue Date):
Maximum Interest Rate: N/A December 10, 1996
Minimum Interest Rate: N/A Calculation Agent:
The Chase Manhattan Bank
Interest Payment Dates:
The 9th of each March, June Optional Repayment Date(s):
September and December, commencing N/A
on March 10, 1997, through and
including the Maturity Date. Additional Terms:
For the purposes of the Notes
Initial Interest Rate: contemplated hereunder, interest
Determined as if the Settlement payments will include interest
Date was an Interest Reset Date. accrued to, but excluding the
Interest Payment Date.
Special Provisions:
The Index Maturity to be used
on the June 9, 1999 Reset Date
shall be 1-month.
