PRICING SUPPLEMENT NO. 96-3 Dated October 31, 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)
J. P. Morgan Securities Inc. purchased $135,000,000 principal amount of
these Medium-Term Notes, Series H, maturing on April 16, 1998, at a
principal price of $134,981,302.50 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: April 16, 1998 Interest Payment Period:
Quarterly
Interest Rate Basis:
LIBOR Interest Reset Period:
Quarterly
Specify Other Base Rate: N/A
Interest Reset Dates:
Index Maturity: 3-month Same as Interest Payment Dates
Spread: minus 0.06% Settlement Date (Issue Date):
November 5, 1996
Spread Multiplier: N/A
Calculation Agent:
Maximum Interest Rate: N/A The Chase Manhattan Bank
Minimum Interest Rate: N/A Optional Repayment Date(s):
N/A
Interest Payment Dates:
The 16th of each January, April, Additional Terms:
July and October, commencing on For the purposes of the Notes
January 16, 1997 through and contemplated hereunder, interest
including the Maturity Date. payments will include interest
accrued to, but excluding the
Initial Interest Rate: Interest Payment Date.
Determined as if the Settlement
Date was an Interest Reset Date.
