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Pricing Supplement No. 3 Dated July 29, 1998
(To Prospectus Supplement Dated July 27, 1998 Filed Pursuant to Rule 424(b)(2)
and Prospectus Dated July 20, 1998) File No. 333-52725 and 333-35815
CASE CREDIT CORPORATION
Medium-Term Notes, Series B - Floating Rate
Agent (Principal Amount): Chase Securities Inc. ($62,500,000)
J.P. Morgan Securities Inc. ($31,250,000)
BancAmerica Robertson Stephens ($10,416,667)
Citicorp Securities, Inc. ($10,416,667)
NationsBanc Montgomery Securities LLC ($10,416,666)
Aggregate Principal Amount: $125,000,000
Agent's Discount
or Commission: 0.35% of Principal Amount
Net Proceeds to Company: $124,562,500
Original Issue Date: August 3, 1998
Original Issue Price: 100% of Principal Amount
Initial Interest Rate: 5.875%
Stated Maturity: August 1, 2001
Cusip Number: 146908AF5
Calculation Agent: The Bank of New York
Interest Rate Basis: / / CD Rate / / Commercial Paper Rate
/ / Prime Rate / / Federal Funds Rate
/X/ LIBOR (see below) / / Treasury Rate
/ / CMT Rate (see below) / / Other________________
If LIBOR, designated LIBOR page: If CMT Rate, designated CMT
Telerate Page:
/ / LIBOR Reuters / /7052(/ /weekly or
/X/ LIBOR Telerate Page 3750 / /7055/ /monthly average)
Interest Determination Dates: Two Market Days (as defined in the Prospectus
Supplement) prior to the applicable Interest
Reset Date
Interest Reset Dates: February 1, May 1, August 1, November 1
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Regular Record Dates: 15th Calendar Date Preceding Each Interest
Payment Date
Interest Payment Dates: February 1, May 1, August 1, November 1
Spread (Plus or Minus): +18.75 basis points
Spread Multiplier: N/A
Index Maturity: 90 Days
Designated CMT
Maturity Index: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Redemption:
/X/ The Notes may not be redeemed prior to Stated Maturity.
/ / The Notes may be redeemed prior to Stated Maturity.
Redemption Commencement Date:_______________
Redemption Price:______% of Principal Amount
The Redemption Price initially shall be __% of the Principal Amount of the
Note to be redeemed and shall decline at each anniversary of the Redemption
Commencement Date by __% of the Principal Amount to be redeemed until the
Redemption Price is 100% of such Principal Amount.
Repayment:
/X/ The Notes may not be repaid prior to Stated Maturity.
/ / The Notes may be repaid prior to Stated Maturity at the option of the
holder of the Note.
Holder's Optional Repayment Date(s):__________________________
Holder's Optional Repayment Price:_______% of Principal Amount
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Original Issue Discount:
/ / Yes
/X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Method Used to Determine Yield for Initial Accrual Period:
/ / Approximate
/ / Exact
Amortization:
/X/ The Notes are not Amortizing Notes.
/ / The Notes are Amortizing Notes.
Amortization Formula: _________________
Amortization Payment Date(s): _________________
Form of Notes:
/X/ Book-Entry
/ / Certificated
Agent's Capacity: / / Agent /X/ Principal
If as Principal:
/ / The Agent proposes to offer the Notes from time to time for
resale in negotiated transactions or otherwise, at market prices
prevailing at the time of resale, at prices related to such
prevailing market prices or at negotiated prices.
/X/ The Agent proposes to offer the Notes at a fixed initial public
offering price of 100% of Principal Amount.
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If as Agent:
The Notes are being offered at a fixed initial public offering
price of ___% of Principal Amount.
Other Provisions:
"N/A" as used herein means "Not Applicable."
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