Filed Pursuant to Rule 424(b)(3)
Registration Nos. 33-50385 and 33-52421
PRICING SUPPLEMENT NO. 50, dated August 17, 1994
(To Prospectus dated March 7, 1994 and
Prospectus Supplement dated March 28, 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: August 24, 1994
Stated Maturity: August 24, 1999
Interest Rate: 7.37%
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: .50%
Agent's Capacity: [X] Agent [ ] Principal
Net proceeds to Company (if sale to Agent as principal):
Agent: [X] Merrill Lynch & Co. [ ] Salomon Brothers Inc
[ ] Other:
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NEW DEVELOPMENTS
On May 23, 1994, the registrant entered into a Revolving Credit
Agreement, dated as of May 23, 1994, among registrant, Chemical Bank, as
Agent, the several commercial banks party thereto as Co-Agents, and
Chemical Securities Inc., as Arranger. Concurrently with entering into this
agreement, the registrant terminated other prior agreements wherein it had
granted security interests in substantially all of its United States assets
securing all of its indebtedness for borrowed money, including the Notes,
and certain other indebtedness and contractual obligations, thus
terminating such security interests in the pledged property. On May 23,
1994 the Company also entered into several other financing agreements,
including agreements pertaining to the extension of certain guarantees of
its subsidiaries' debt. See the Company's Current Report on Form 8-K dated
May 23, 1994, which report is incorporated into the registration statement
of which this Prospectus forms a part, for a more complete description of
the Company's Revolving Credit Agreement and the other financing agreements
entered into on May 23, 1994.
