PRICING SUPPLEMENT NO. 96-11 Dated December 2, 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)
Lehman Brothers Inc. purchased $100,000,000 principal amount of these
Medium-Term Notes, Series H, maturing on February 1, 1999, at a principal
price of $99,979,710.00 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: February 1, 1999 Interest Payment Period:
Quarterly, except that the
Interest Rate Basis: initial Interest Payment Period
LIBOR shall end on February 3, 1997.
Specify Other Base Rate: N/A Interest Reset Period:
Quarterly, except that the
Index Maturity: 3-month initial Interest Reset Period
Special Provisions) shall end on February 3, 1997.
Spread: plus 0.01% Interest Reset Dates:
Same as Interest Payment Dates
Spread Multiplier: N/A
Settlement Date (Issue Date):
Maximum Interest Rate: N/A December 5, 1996
Minimum Interest Rate: N/A Calculation Agent:
The Chase Manhattan Bank
Interest Payment Dates:
The 1st of each February, May, Optional Repayment Date(s):
August and November, commencing N/A
on February 3, 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 initial Interest Reset Date
shall be 2-month.
