Filed Pursuant to Rule 424(b)(3)
Registration No. 33-50385
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PRICING SUPPLEMENT NO. 21, dated January 27, 1994
(To Prospectus dated October 7, 1993 and
Prospectus Supplement dated January 5, 1994)
$1,200,000,000
Chrysler Financial Corporation
Medium-Term Notes, Series M
Fixed Rate Notes
Due 9 Months or More From Date of Issue
Principal Amount: $10,000,000
Issue Price: 100%
Original Issue Date: February 3, 1994
Stated Maturity: February 3, 1999
Interest Rate: 5.55%
Interest Payment Dates: January 15 and July 15
Specified Currency: U.S. Dollars
(If other than U.S. Dollars, see attachment hereto)
Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
(Applicable only if Specified Currency is other than U.S. Dollars)
Authorized Denominations:
(Applicable only if Specified Currency is other than U.S. Dollars)
Redemption: [X] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date:
The Redemption Price shall initially be % of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the initial
Redemption Date by % of the principal amount to be redeemed until the
Redemption Price is 100% of such principal amount.
Repayment: [X] The Notes cannot be repaid prior to maturity.
[ ] The Notes can be repaid prior to maturity at the option of
the holder of the Notes.
Optional Repayment Date(s):
Repayment Price:
Discount Notes: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Agent's Discount or Commission:
Agent's Capacity: [ ] Agent [X] Principal
Net proceeds to Company (if sale to Agent as principal): $9,920,000
Agent: [X] Merrill Lynch & Co. [ ] Salomon Brothers Inc
[ ] Other:
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Interest rates offered by Chrysler Financial Corporation ("CFC") with
respect to the Notes may differ depending upon the aggregate principal amount
of Notes subject to purchase in any single transaction, and CFC expects
generally to distinguish, with respect to such offered rates, between
purchases which are for less than, and purchases which are for an amount
equal to or greater than, $200,000.
