PRICING SUPPLEMENT NO. 96-16 Dated December 4, 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)
Deutsche Morgan Grenfell Inc. purchased $24,000,000 principal amount
of these Medium-Term Notes, Series H, maturing on January 9, 2002,
at a principal price of $23,989,459.20 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: January 9, 2002 Interest Payment Period:
Quarterly, except that the
Interest Rate Basis: initial Interest Payment Period
LIBOR shall end on April 9, 1997.
Specify Other Base Rate: N/A Interest Reset Period:
Quarterly, except that the
Index Maturity: initial Interest Reset Period
3-month shall end on April 9, 1997.
Spread: plus 0.15% Interest Reset Dates:
Same as Interest Payment Dates
Spread Multiplier: N/A
Settlement Date (Issue Date):
Maximum Interest Rate: N/A December 9, 1996
Minimum Interest Rate: N/A Calculation Agent:
The Chase Manhattan Bank
Interest Payment Dates:
The 9th of each April, July, Optional Repayment Date(s):
October and January, commencing N/A
on April 9, 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.
